Because my positions are skewed bullish and need $225+ to begin unwinding some if TSLA will be range-bound or down for several months.
In addition to longs I have:
6x +C255 9/20/24 @25.39 (now 18.40; -27%; extrinsic 18.70)
10x +C300 1/17/25 @19.53 (now 16.55; -15.65%; extrinsic 16.50)
5x +C150 12/19/25 @110 (now 93.25; -14.75; extrinsic 29.87)
16x -P290 9/20/94 @61.82 (now 82.95; -34%; extrinsic 4.01)
10x -P300 1/17/25 @80.00 (now 95.50; -19.50%; extrinsic 6.58)
3x -P300 6/18/26 @101.75 (now 108.07; -6.20%; extrinsic 17.79)
No covered calls currently.
I titled bullish too early back when we were in the $230's and averaged down instead of cutting on the way down. Since there's plenty time on these (first doesn't expire for 240 days...) I can hang onto them, I just don't like the risk if we dump to 150's and I need to worry about maintenance calls