$293k is nothing (If you are on the lookout for outliers / whales). People on WSB make those kinds of bets.At least someone is optimistic
(Disclaimer: Trade could be a hedge or STC after a few cents gain…):
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$293k is nothing (If you are on the lookout for outliers / whales). People on WSB make those kinds of bets.At least someone is optimistic
(Disclaimer: Trade could be a hedge or STC after a few cents gain…):
Thanks for the info guys
The calls are up around 200k, so there's a bit of tax I need to consider. So I plan to sell CC against the 50x calls, continue to sell CC when they turn into shares.
If they go ITM, I will roll them until the 5k shares turn into long term gain
Thanks for the tips.One thing to remember, if you sell ITM CC's against your shares, that suspends the holding period calculation, so they'll need to be held for longer than a year to be considered long-term gains: Tax Implications of Covered Calls - Fidelity.
Also, any profits you make from selling CC's are always counted as short-term gains. So if you do well with selling CC's, you might find yourself with a bit short-term capital gains to deal with anyway.
Edit: Your broker is the one you'd want to work with about matching the CC's to either the long call options (making them spreads) or actual TSLA shares.
Thanks for the tips.
I believe we are in a consolidation period after the recent 70% run up.
For tax purposes, I dont want to close the calls (200k gain). I do want to make a small income on the 50x 2/17 125c by selling 50x 2/17 170cc against it.
Will let 50x calls exercise
If 170cc go ITM, will roll up and out until 1 year out; then bye bye shares. Hopefully they don't get assigned prematurely.
If they expired worthless, yay! More CC on the exercised shares.
All the work just so I can save 10% in tax
16% and 20% off the weekly low. Those are safe.Trying to decide if I close my 195 and 200cc for Friday with a small loss now (they were a huge loss three days ago). I can’t tell if today is a small breather in the market before recovering tomorrow and ripping end of week after Fed meeting?… I would hate for them to go ITM by Friday. I’m thinking close now, and open something new in a few days if there is a bounce. Thoughts?
I don't know that I really have a strategy per se . I haven't had any long enough to find out.What is your strategy with LEAPS now? You sell them for a profit 6 months before expiry and buy at the same strike price 1 year out? Or you adjust strike price?
I divide the world of long dated call options (LEAP calls) into speculative and share replacement.QUESTION: not having bought any LEAPS ever I am very interested in which ones you have chosen/would choose. I would choose a LEAPS that runs ITM soon (And I am a superbull @ these levels), giving me the oppertunity to sell soon at a big gain or be confident and wait for the real grow. My bias is SP $200 before august 1st and $500 in 2025.
So a call june 2025 $200, currently priced about $54, seems reasonable. That will be cheaper in the next dip, if it comes, and can grow easily into +700% much before expiration, especially if after the dip the run-up is steep after march 1 (and especially Q2 I Guess)
Yeah, but 22x -c130's was too many - perhaps a better strategy, and one I rarely take, TBH, would be to roll half of the positionHopium got the best of you - again! I’m positioning exactly the opposite. Trying to roll the 135s weekly until they magically expire worthless or close to that and I can roll up for a credit.
Haven't been following the thread closely, can someone fill me in? What happened?
It's all my fault - I was trying to go against just posting Twitter pictures and I think @Yoona took it the wrong way - can't direct message them or I would have....Haven't been following the thread closely, can someone fill me in? What happened?
I didn't think what was said was enough to cause someone to leave, but I think she might have had some -c130's like me, and is perhaps fully occupied dealing with those - I could be 100% wrong on both counts thoughIt's all my fault - I was trying to go against just posting Twitter pictures and I think @Yoona took it the wrong way - can't direct message them or I would have....
My bad all - just wanted the old school data driven posts instead of twitter stuff.
Hopefully they will come back
Had the feeling she was running out of steam with this board.It's all my fault - I was trying to go against just posting Twitter pictures and I think @Yoona took it the wrong way - can't direct message them or I would have....
My bad all - just wanted the old school data driven posts instead of twitter stuff.
Hopefully they will come back
Had the feeling she was running out of steam with this board.
I believe that overall she was much appreciated here. I hope she returns.
I'm counting on this retracement, so that may mean it won't happen. I did sell some 7/21 140 calls that I plan to buy back with a move back to ~140 to 145. I have CC's at 155 and 165 and 180 all due this week. Could be rolling those if we stay on the current track.Did you by any chance hear about my 180 resistance?
While it is true that TSLA can climb a lot more as it did in the past, it needs to do one thing first: retrace at least 50% of the initial spike up. If you go back, it happened every single time. I invite you to go over this post.
The reason for this is deeply rooted in human psychology. It's not manipulation or random occurrences. Wave 1 up from the bottom can be impulsive because it is fear driven:
a. Short sellers fear getting blown up
b. Bottom catchers fear missing out
Smart investors do not want to buy any stock that has just run up 80% in 4 weeks, regardless how low the starting point was. Why? Is it because they don't think TSLA is worth $180? No. They don't buy it here because they don't want to compete against short sellers and bottom catchers in chasing it at this price point. If anything, they want these people to buy every share they're forced to buy before taking their own profit on the stock. When the stock or the economy has some piece of bad news, as bad news tends to happen in a shaky global economy, reality is going to set in and people is going to flip "Tesla is still the same company as it was before the ER and a lot of the initial runup was just short covering", it will retrace deeply as 80% profit in a month is no joke. The stock should retrace at least 50% before deep pocket buyers say ok the price is attractive again. That's wave 2. The retracement is simply a test of strength of the rally.
Wave 3 happens only after the stock has been tested at the bottom of wave 2 and that's when the real fun begins. That's the irrational spike you're probably thinking of. Those were wave 3, not wave 1. We are currently in wave 1. Actually we could already be in wave 2. The question is not if, but when it will retrace deeply.
Quite a high amount of calls at 200 this Friday, so someone’s betting for a spectacular rise.View attachment 901692
Beta (5 Year) | On Balance Volume | RSI (14-Day) |
---|---|---|
2.09 | -- | 63.78 |
10-Day Average Volume | 201,814,444 |
---|---|
90-Day Average Volume | 119,808,704 |
20-Day Moving Average | $131.69 |
50-Day Moving Average | $150.71 |
200-Day Moving Average | $232.16 |
Historical Volatility (10 Day) | 67.91% |