Wow those CPI numbers to the rescue....
Hard to steer a large ship ....
I think it has been like 6 mths we have been thinking peak inflation is over and each time CPI came in hot ... finally some signs!!
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Wow those CPI numbers to the rescue....
I'm putting my money on that gap between ~194 and ~$196. I put a sell order for $47.9 on that Jan 50 call I bought for $36 and said I wouldn't trade. . We're probably going to leave one heck of a gap on the downside today.192.60 in PM... so let's see, 200 would be so sweet...
Could be. Or heavy profit taking from people that want to deleverage at this level.Elon must be dumping hard again. Everything else is in full rally, TSLA dropping like stone since open.
Thankfully rolled my 180/160 BPS to 170/150 for credit when we were up. This is getting ugly.Elon must be dumping hard again. Everything else is in full rally, TSLA dropping like stone since open.
Never thought the day would come that I managed to take all my shares back from a disastrous CC sale gone wrong (6 months roll). I finally buy to closed my 12/16 -250c @$0.82 today for 98% profit. Stock price around $177.56. (Was Sell to Open at $58.75/contract as part of a roll) . For 5.5 weeks to expiry and $0.82, I don't think the remaining premium is enough to risk a bounce for peanuts even though it went from DITM to 42% OTM and has a good chance of expiring worthless now. I want to release my locked up shares to sell CC on a bounce, maybe I can make that $0.82 back that way.
This started out as
Option | Credit | Date | SP (Pre Split) / Post Split
5/27 -600c | $38 credit/contract ($12.66 post split) | 5/25/2022 | $628.55/209.51
9/16 -700c | $5.82 credit/contract ($1.94 post split) | 5/26/2022 | $708.1/236.03
8/5 925c 9/16 705c | day trade between roll $9.23 credit/contract loss (3.07 post split)|
10/21 -720c / -240c | $8.94 credit/contract ($2.98 post split) | 8/3/2022 | $924.68/308.22
12/16 -250c | $2.62/contract post split credit | 9/22/2022 | $875.37/291.79
Close 0.82/contract |11/9/2022 |$532.68/ $177.56
net $16/contract credit (post split) over 24 weeks , so average $0.66/week?
Unbelievable drop though these went from $300 DITM (if I didn't roll the -$600c) to 42% OTM.
But I might have to do daily margin call spreadsheets again.....right now will be margin called at $160s. I really wish I haven't bought back those DITM $750c and $780c.....thought we are suppose to be at $1500 pre split end of year 2022? lol
If he was then he's finished for today but he looks of it...Elon must be dumping hard again. Everything else is in full rally, TSLA dropping like stone since open.
Hopefully I’m not posting in the wrong thread. Thought this was the Wheel Options thread, not the main chit chat one. Let’s try to keep it that way. Anyway, did the roll on today’s pop, freeing up enough cash to fill out a lot in two accounts, then sold 11/11 -c190s. Damn, never been that brazen before, so I guess this is a B/W dare you to take ‘em. I’m rapidly approaching 1:2 put/call ratio on my account with all this buying, so won’t be too upset to lose a few, but still planning to roll weekly for credit just for practice to keep in the game. Most straddles are at 12/16 200s, but now also have a few at 190, 192.50, and 195 (various 11/11-12/09).Straddle Report: Today’s dumpster fire was amazingly brutal on straddles as well. Unable to keep strikes in contact with the SP. My one month away 12/09 -c215s lost 48% (-$2.43) just today while the -p215s were +37% (+$10.50) just today. There’s absolutely no way to manage these fast enough without making timing/directional bets. Tomorrow, I will try to roll out another week and down to 200s, but pretty sure this will require a debit roll. I really don’t want to get too close to the EOY or Christmas rally.