bkp_duke
Well-Known Member
Zoom out more than 5 days and it get uglier.
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How about lowering the Strike price to $1000 for the Dec CCs? They are worth almost 50% more.Getting into territory where I will need to do drastic things and I dont like that. I had to sell December 1100 CC'd calls for cash earlier. I just transferred more over, but I dont really want to sell JUN 2024 CC, but I might have to.
I need to make it to June 15th where I will have a large cash injection, but at this rate, that is not going to happen.
That's just the thing, it isn't traumatic cause it's only institutional and hedgie holdings. Who in their right retail mind had a significant position in Snap yesterday?
Yep, they opened a can of whoop $#^ and it spread through social media, ad sellers/service providers - FB, GOOG, TTD, APPS, IPG, PUBM, WPP, ... Some of those companies have incredible growth but expectations drop when there's fear of an economic downturn.
Make sure you don't get margin called if the stock price goes down another 50% or so.Can someone convince me to not sell as many $400 put options as my margin allows expiring in June 2024 for $9,000 each?
How about lowering the Strike price to $1000 for the Dec CCs? They are worth almost 50% more.
I’d much rather have CCs six months out than two years out. Easier to roll etc.
How about a nice big 6mo rebound? I would take $700+ for Friday, $740 would be even better.Any more bright ideas!?!??!?!?
For perspective, if Nasdaq drops 10% more, TSLA can drop 20%:We hit 50% down from the ATH this morning. I'm hoping that is the bottom. I think we've had more than 50% declines in the past, but I feel like we may be at peak pessimism.
If you have no current margin obligations, bottom is definitely the best time to sell leap puts(and maybe buy leap calls with the money).Can someone convince me to not sell as many $400 put options as my margin allows expiring in June 2024 for $9,000 each?
We could have a bear market rally though for now and then come back down.
TSLA fundamentalists no longer working, it’s a hostage of a bear market.
We either have a panic and capitulation or a prolonged pain, prob another 3-6 months at least. Inflation not going down, war can easily last till EOY - there will be no capitulation from Putin, for him it’s now about extending the duration of his ruling at any costs (of somebody else’s lives), given that the outcome is pretty much known. And Ukraine will 100% not agree to any peace deals at the cost of losing its territory, I know cause I follow the subject. So, the war will not resolve quickly. It will be a slow grind for Ukraine to recover all occupied territories.
The expensive energy is part of cost of all goods and inflation. Plus food prices crisis he’s intentionally creating. (and later, more refugees to Europe from poor countries)
I'm calling the bottom right here.
View attachment 808429
Yes, that's right. 4 resistance trendlines (2021 one hasn't acted as a resistance, though) with the same slope. I can't see us dipping back into the previous channel with everything going right for the company.
You could split the $150 wide spreads up into 3x $50 wide spreads.I have DITM 6/17 -840/+690 BPS that I have to act on before they get worse than they already are. Checking the option calc, I can roll these up and out to December -960/+810 for a debit of -763 per contract ... not good. To close using yesterdays option pricing, it'd be -12,890 each contract ... worse. The ongoing weight of the spread from a margin perspective is my concern, as is giving back incremental gains in one swoop. Rolling to December isn't optimal given I have other spreads I had to roll there with short ends at 1150 and 900. Setting aside this weeks expiry are ITM pre-market, managing the Jun spread now will clear the way through September from an underwater spread perspective.
Any non-advice regarding the two choices or alternatives to consider?
I had 6/17 BPS $1000/800 that I rolled to 8/19 $1020/780(widening $40) yesterday. I think the credit was something like $14. If we're still <$900 after 2Q, I'll likely do the same thing again and punt to Nov18 expiration (after 3Q).I have DITM 6/17 -840/+690 BPS that I have to act on before they get worse than they already are. Checking the option calc, I can roll these up and out to December -960/+810 for a debit of -763 per contract ... not good. To close using yesterdays option pricing, it'd be -12,890 each contract ... worse. The ongoing weight of the spread from a margin perspective is my concern, as is giving back incremental gains in one swoop. Rolling to December isn't optimal given I have other spreads I had to roll there with short ends at 1150 and 900. Setting aside this weeks expiry are ITM pre-market, managing the Jun spread now will clear the way through September from an underwater spread perspective.
Any non-advice regarding the two choices or alternatives to consider?
closed my 5/27 -p570/+p470 at the peak, +73% in 2 hrsSold some 5/27 $750cc's @$1.00 each.