Nope, not buying TSLA at $140 -> $89 maybe, but TBH I'd be happier with 100x Dec 2026 LEAPS if it came to that, that's pretty much the same as holding the stock for a few years at a bg discount - TBH, I'm more interested in selling weeklies against them than investing, I might be dead before TSLA gets back to ATH
No, I sold 100x -c150's for the same expiry and hold 100x July +p150's, if it drops below 140 I may well sell off the +p150's. Might end up leaving money on the table doing that, but the puts will be +200%, along with the calls would be a big pay-day...
And then I'll flip to safer strikes, honest, would reload puts on any decent DCB
Trouble I have is this famous "gap fill", if that's what they're after then closing long puts anywhere around 140 is the best thing to do, but in reality I think Tesla has lost their way right now and TSLA would be trading much lower
So I'm somewhat conflicted on the matter - maybe the close 50% approach is best...
As fo SMCI, appears the sell-off is because no preliminary guidance has been given in the earnings date announcement; do folks are assuming it's bad
Glad I'm selling against -LEAPS, would be very unpleasant if they were CSP's...