Yeah, I have a good amount of medium term options that I bought when TSLA was in the 6s and 7s. Sold a couple too early and none when I should have. The first ones due are in Sep 22 so I am inclined to see them play out but phooey.
Anyone feel my Nov 12 845/775 BPS may be in play? Would like to say I am confident about another 20 % drop in three days, but I have to admit losing mid 7 figures in one day shakes me up even though it did not even exist a month ago. Thought I was dabbling on the extreme fringes playing with strikes 30% removed for the spreads, but don’t like the idea of having 700K exposed and not being able to monitor as I am doing this ‘on the side’ during my day.
I don’t know how TSLA ends up for me in the long term, but it seems a key to making money is the ability to shrug off losses. With TSLA it has been for me that the more sudden and extreme losses I tolerate, the more I am rewarded down the line. Used to be five figure and then six figure swings
. When it is going up it is all clouds and dopamine, but when it is going down I suddenly begin calculating all the real world salaries and objects I have lost and hammer myself for not appreciating the hardships of the world. Think I need help
.