jeewee3000
Active Member
And @UltradoomY predicts an insane FOMO rally Monday to Wednesday .Definitely ride it out, you have a whole week of theta to burn.
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And @UltradoomY predicts an insane FOMO rally Monday to Wednesday .Definitely ride it out, you have a whole week of theta to burn.
I just wonder how hard and fast the FUD engine is going to spin up. I fully expect my news feed to be laden with drivel (I use these words as the words I want to use are not forum friendly) and I'm looking forward to the day when we can have a blow out earnings week without defending from the barbarians at the gate.And @UltradoomY predicts an insane FOMO rally Monday to Wednesday .
Just closed these (opened yesterday afternoon) for $1.50!Not sure about the roll - I just opened a -$970/+$900 BPS for $9 each for 01/21 - not many but a little whiskey money never hurts....
I mean, yeah, for 300 contracts, but I still feel it's like standing in the tracks of an possibly oncoming train.extremely tempted 1/28 BCS -c1400/+c1500 for quick $10k, 40% OTM 2 delta
I can't bring myself to get those, but I'm eyeing BCS as well. I highly doubt it, but Tesla could recognize a bunch of unrealized revenue, I believe it is around ~2B. I don't want to be in front of that train...extremely tempted 1/28 BCS -c1400/+c1500 for quick $10k, 40% OTM 2 delta
The problem I see is you locked a bunch of margin two weeks further out, and to a fairly high risk spread (we could drop below 950 in three weeks). I'm thinking of closing some OTM BPS for next week that are at 65% profit so I have more margin to widen my ITM spreads for 1/28 if things go poorly next week.I leveraged up a bit / derisked concentration on 1/28
rolled 1/28 1050/900 BPS to 1/28 1050/950 BPS, freeing up 100k margin. Used that to open 2/11 1050/850 BPS in case things take longer after next week to realize. More delta, bit less theta and removed some concentration risk for next week in case we get a black swan or so..
The 850 will be rolled up in time to reduce margin, after more theta flowed out of e.g. the 900s. Or on a spike to the upside which i expect.The problem I see is you locked a bunch of margin two weeks further out, and to a fairly high risk spread (we could drop below 950 in three weeks). I'm thinking of closing some OTM BPS for next week that are at 65% profit so I have more margin to widen my ITM spreads for 1/28 if things go poorly next week.
extremely tempted 1/28 BCS -c1400/+c1500 for quick $10k, 40% OTM 2 delta
Risking 3.5mil to make 10k. Where does that fit into your trading rules?extremely tempted 1/28 BCS -c1400/+c1500 for quick $10k, 40% OTM 2 delta
Lol.....that's precisely what I did as well. 1040/940 and 1060/960 BPS at high premium that I then rolled to 1/28 for a good bit more premium. Will roll them next week if I must, but I highly doubt I'll need to.@TheTalkingMule : this is my equivalent of you loading up on short term yolo calls.
eraseRisking 3.5mil to make 10k. Where does that fit into your trading rules?
The run up and a week after for Q1 2020 earnings the stock nearly doubled and then retreated back to nearly where it started a week or so after that.Surely 1400 by next Friday is out of the question, no?
I've been thinking of doing something like this in my unused cc slots. I keep coming back to "patience" (something I've been sorely lacking recently :|) and plan to wait until after earnings to see where we stand. I've got too much already riding on earnings as it is.Ok, just helped out everyone with BPS for this week. Sold some CCs 1/21 -c1055s for $7.20. Now watch the SP FOMO. Probably dumb, but it sure looks like they want to hold the SP between 1000-1050, with a laser-focused target of 1020+/-5. Worst case, I’ll just close for a loss or roll to 1/28 for the IV crunch. I certainly wouldn’t mind a bit of rise since I have a bunch of 1/28 1070-1100 puts.