FS_FRA
Member
Brutal open
Rolled my 1/28 -910/+710 to 2/4 -900/+700 for $2
Hate this week already.
Rolled my 1/28 -910/+710 to 2/4 -900/+700 for $2
Hate this week already.
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rolled my 2/11 900/800 BPS to 880/780, 2/18...it's already under $860 lol. I'm gonna puke.
as @adiggs alluded to, not only gonna have to pay taxes on 2021, but if my options go to max loss that I'm using on margin, what happens then? They liquidate my shares to pay for that, then on top of that I'm paying taxes on those shares?
holy moly....
My current strategy is to pretend I'm as calm as you are. So far.....not going well.Well, all my BPS are at max loss right now.
In that position, no need to rush to roll. I'm going to hold until Thursday AM to see what happens Wed with the Fed and TSLA earnings/guidance.
Good luck to all! Hopefully we weather this storm quickly.
Hang in there everyone. Let's hope that $852 was the bottom.
I don't know anything about gaps but I do know that we are currently sitting $16 lower than we were a year ago. How long do these so called "gaps" lastI believe all relevant gaps must now have been filled?
I don't know anything about gaps but I do know that we are currently sitting $16 lower than we were a year ago. How long do these so called "gaps" last
I am right there with you- so might as well wait. Haven’t been posting here much. +p920/-1090 and +p920/-1020 for this week expiry and +p975/-1075 for next week. If I close now looking at a 7 figure loss. Just holding for now to see if position can be salvaged - May have to do a roll with long expiration, but will wait till Thursday to do so.Well, all my BPS are at max loss right now.
In that position, no need to rush to roll. I'm going to hold until Thursday AM to see what happens Wed with the Fed and TSLA earnings/guidance.
Good luck to all! Hopefully we weather this storm quickly.
Jan 2023, 700 strike are now $326 and 0.76 delta. So you'd leverage of around 2.5:1 with these. IV is still sort of high, there's >$100 of time value on these.. I'm sort of undecided.What LEAPS?
There is a benefit to rolling early as time value on DITM BPS erodes rapidly as the week goes on and can get very ugly by Friday. I've rolled all my main BPS to Feb4 earlier today to reduce risk. They were debit rolls but there would need to be a major move upwards in the SP after Wednesday to counter the theta. I used Options profit calculator to calculate what SP would need to be to make waiting to roll better. In the end I decided to take a lower risk roll now rather than roll late in the week with there being a sell the news risk. Hopefully there is a good rally into next week and I can roll my BPS for credit or even close some out.Is there any benefit to rolling earlier in the week? Does it help with the roll if the long leg is ITM?
I am right there with you- so might as well wait. Haven’t been posting here much. +p920/-1090 and +p920/-1020 for this week expiry and +p975/-1075 for next week. If I close now looking at a 7 figure loss. Just holding for now to see if position can be salvaged - May have to do a roll with long expiration, but will wait till Thursday to do so.
Is there any benefit to rolling earlier in the week? Does it help with the roll if the long leg is ITM?
I decided to wait until earnings, and then evaluate again. Should get better price for shares, and with IV crush option prices should drop.Jan 2023, 700 strike are now $326 and 0.76 delta. So you'd leverage of around 2.5:1 with these. IV is still sort of high, there's >$100 of time value on these.. I'm sort of undecided.
This morning, I used a psychiatric defense mecanism: active denial.In the corner. In the fetal position.. Rocking....
"200% YoY growth"
"200% YoY growth"
"200% YoY growth"
I believe is derived by the cost of the ATM call and put by adding them together. So if you look at the ATM 1/28th $940 call and put they are expecting a total move of about + or - $96.18
My understanding is “options traders are pricing in a 10.4% move” is not directional. It is derived from options prices and IV. Options traders expect TSLA to break >10% up or down.
*what he said