Once my July positions clear or get BTC I'm going to look out to 2026 for this type of premium. No brainer and that is some crazy juicy premium.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
No, just 600; I try to have 21 -P laddered out at a time normally, but right now just the shares plus 6 -P. Monday I will target building up another 30-60 -P after split if the market gives me a chance, but not rushing it.
For the weekend:
How do you explain this?
Apple, $AAPL, has $380 billion in annual revenue and $125 billion in annual EBITDA with a $3 trillion market cap.
Nvidia, $NVDA, has $80 billion in annual revenue and $50 billion in annual EBTIDA with a $3 trillion market cap.
In other words, Nvidia and Apple have the same market cap but Apple has 5 TIMES more revenue.
Apple also has roughly 2.5 TIMES the EBITDA of Nvidia.
Is Apple too cheap or is Nvidia too expensive?
(Credit: Kobeissi)
How do you explain this?
Apple, $AAPL, has $380 billion in annual revenue and $125 billion in annual EBITDA with a $3 trillion market cap.
Nvidia, $NVDA, has $80 billion in annual revenue and $50 billion in annual EBTIDA with a $3 trillion market cap.
In other words, Nvidia and Apple have the same market cap but Apple has 5 TIMES more revenue.
Apple also has roughly 2.5 TIMES the EBITDA of Nvidia.
Is Apple too cheap or is Nvidia too expensive?
The most logical answer is that the market highly values growth.
Nvidia’s is trading like its growth potential is almost limitless.
Yet another reason AI companies are seeing massive premiums in this market.
Nvidia’s is trading like its growth potential is almost limitless.
Yet another reason AI companies are seeing massive premiums in this market.
(Credit: Kobeissi)
Sweet, I would think you could make nice premiums off 6000 shares. I wanted to have 300 shares before the split (not gonna make a difference if I had them today or accumulate in the coming weeks). I think having lots of shares is awesome for selling puts/calls
AAPL net income
NVDA net income
Oh wait this is supposed to be for the whole weekend?
But can't we just do the same thing with
Totoya $300 Billion Annual Revenue, $49 Billion EBITDA $277 Billion market cap
Tesla $90 Billion Annual Revenue, $13 Billion EBITDA $$556 billion market cap
3 times more Revenue, 4 times more EBITDA
chillerjt
Member
thenewguy1979
"The" Dog
Depends on the reviews. If almost everyone said it good then we get a pump like last time. Else might just be a dud.
All eyes and ears on the Thursday meeting.
Growth prospects I would say... Apple hasn't don't anything really innovative since Jobs left, just keeps refining products and adding services, which works out well, it's a cash-machine, but there's absolutely nothing coming that would really add to their bottom line
Now that's much clearer
But will Thursday be peak IV, or will it already crush a bit after CPI and FOMC... in any case, both of those events could move the markets so positioning for TSLA after that, at open on Thursday would likely be the lowest-risk entry-point...
One approach is indeed a wide strangle, another could be a straddle at least for those of us with plenty of long positions that can be written against - 200x +p150's, 55x +c200's, 26x +c170's, 100x +c300, etc. a 25 -ATM straddle would not be much of a risk IMO, but would likely pay out nicely if the stock were to not move in either direction...
Don't know, is the answer, will see next week...
The Accountant
Active Member
I believe @MP3Mike clarified this.
Elon's options are included in the fully diluted EPS calculation but the shares are not in the float.
Shares authorized at March 2024 are 6B . . . . but shares outstanding are a little over 3B. When Elon exercises, Tesla will issue new shares.
Fully Diluted EPS is computed by taking all options/warrants that are 'in the money' and assume as if they are outstanding.
Fully Diluted EPS = Earnings divided by shares (outstanding shares + options/warrants that are in the money).
Basic EPS = Earnings divided by shares (outstanding shares only).
SMCI monthly has Inside Bar alert
"The Expected Move, which is also referred to as Implied Move, reflects the price range that a security is expected to move within from current price. The Expected Move is based on a one standard deviation (68% probability), and calculated using the at-the-money implied volatility of the respective options series. The range as predicted by the expected move can be used to target high and low prices, and are especially useful around earnings season."
SMCI - Super Micro Computer Stock Expected Move - Barchart.com
Expected Move or Implied Move for Super Micro Computer reflects the price range that a security is expected to move within from current price.
www.barchart.com
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Isn't there a GAAP charge that was realized with each tranche of options whose milestone was met as well? I think this is the real question-- what does the invalidation of the 2018 pay package mean for restated earnings and additional charges when a new grant is made?
The Accountant
Active Member
Yes - over the years as the tranches were achieved, Tesla recorded $2.3B in charges (stock based compensation - all non-GAAP & non-cash charges).
If the current comp gets re-instated as if nothing happened, then no impact to P&L.
If they need to void old comp and re--issue a new comp (with same award), we could see a $54B non-GAAP, non-cash charge ($56B charge less $2B previously charged).
If this were to happen, since it is non-GAAP and non-cash, I believe analysts would exclude the charge from their models.
The Accountant
Active Member
What's causing the math problem I think is the horrible way GAAP accounting works.
When issued in 2018, the Black Scholes Model that is used to determine expense in the P&L computed that the expense was $2.3B.
If you take the same award today and use the Black Scholes model with the same strike price (while the stock is at $177), you get an expense of $56B or so.
GAAP is unusual in that once you determine the expense in 2018 for $2.3B, this expense never gets adjusted up as the value of the award increases.
What drives some people crazy (when it comes to tax fairness) is that Tesla would expense $2.3B on the 10K income state but take a $56B deduction on the tax return (though there are some limits for high executive compensation on the tax return).
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