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I'd take that range. I'm just hoping it's not 500-900.Will we be stuck in this new trading range of 750-1250 for the next 5 years?
I know, it's ludicrous.
TWTWYTT (that's what they want you to think)Will we be stuck in this new trading range of 750-1250 for the next 5 years?
I know, it's ludicrous.
I'd take that range. I'm just hoping it's not 500-900.
I'd take that range. I'm just hoping it's not 500-900.
I'd certainly take that range over the next year at this point. But five years from now? $1,250 is ~65% higher than where we are right now. I can't imagine the SP that low in 5 years.I take that range as well. $1100 would make me happy. I traded some shares for 2x Jun 24 $500 calls
Try to make some $0 cost Risk Reversal contracts ?Any advice not advice on margin management strategies? I have a small number of contracts expiring in June 2024. I have to make it until June 15th when I have a large infusion of capital that could resolve this issue. As of this writing I think I am still good down to ~625 before things get hairy.
1) I can roll the existing contracts from 970->1070 and close out another contract, but that is it unless I roll up to like 1200.
2) I can buy weekly *sugar* puts
3) ????
Thanks in advance
ES2?I was an idiot and kept bps open after Elon announced his Twitter purchase. After 2 days of pain and no clear picture what’s going on, I had to stop the bleeding and sell 200 shares to pay for losses on 20 bps. Duh, that was Elon selling.
I also sold 2024 1600ccs @165 at sp 880 at that time as a hedge and closed -2 2023 1000 puts worth 50k in preparation for what is happening now to lower my exposure.
The rest of my puts are 2024(15 1100s) and too expensive to buy out. Also previously rolled a bunch of underwater bps since the Elons option related selling to July, Dec 2022 and half to 2024.
Today closed some of those 1600 CCs @110 and bought my 200 shares back. 2 puts are paid for and about 30k left from trades.
Still hold 30 of those CCs that gave me 500k cash, which I plan to hold through this madness and hoping this will save me from margin calls. Will prob buy them back when we recover to 850 or ES2 gives an all clear Not planning to make money on them.
I would be in a much worse shape rn if not for ES2
sorry, i don't get this trade... this is a BUY?Today was painful and expensive but we live to fight another day. *group hug!*
I “don’t believe” this ridiculous share price. In for 6x 5/27 900c @$6.00
Hedge that, MMs!