The brokerage does whatever it feels like when liquidating. You are probably better off deciding for yourself what you want to happen.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
I feel like the SP has even exceeded the expectations of TSLAQ and that’s saying something.
Where are the buybacks? I deployed some of my dry powder today but surprised by this action.
What is interesting to see is stocks like AMZN(bloated PE) and META hold up like champs.
If its not Elon this time it has to be someone big. I just don’t think the shorts have this much courage. Did Leo throw in the towel? Where are the buybacks. Pretty crazy, just hang in there folks.
Edit: Maybe this is Elon selling again, he is back with his securities analysis 101 cop out lol.
Where are the buybacks? I deployed some of my dry powder today but surprised by this action.
What is interesting to see is stocks like AMZN(bloated PE) and META hold up like champs.
If its not Elon this time it has to be someone big. I just don’t think the shorts have this much courage. Did Leo throw in the towel? Where are the buybacks. Pretty crazy, just hang in there folks.
Edit: Maybe this is Elon selling again, he is back with his securities analysis 101 cop out lol.
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Xepa777
Member
Bro, this is fear talking. This is a company with a PE ratio that's going to be in the 20s next month and an annual growth of 40-50% YoY for the next 4-5 years, and a legislative bill that's going to increase the margin power of most Tesla vehicles by over 15%. The company has billions in cash and can initiate a stock buyback with all excess cash. And real engineering moats with a multi-year lead.
2019 was significantly worse because after Q1 2019 and Elon saying Tesla would close all the physical stores in the US, you really could question the total demand / addressable market. This is not that. This is noise.
12/23 -p160/+p140 rolled again into same day 12/23 -p145/+p135/-c170/+c190, 0.57 credit
OTM probability now 61% instead of 17% last week
12/23 -p145/+p135/-c170/+c190 rolled again into same day 12/23 -p130/+p120/-c150/+c160, 0 creditdeployed a lot of cash to make this trainwreck hopefully die this week, all that work just to rescue what was in the beginning a -p175 before EM's selling
OTM probability now 75% instead of 17% last week
today's Close=137.80 supported by today's 1.618 fib extension 137.70
next supp i can find is
- weekly 1.618 fib 133.40 then 120.53
- daily 1.414 fib 136.40 then 133.40 then 125.33
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Reasonable 21 per option. Break even of 230 15 months from now.
With a FED pivot in late 2023 and TSLA earnings going up that might be hit much sooner.... or not.
Personally been buying Jan 25 200 and 180 strikes. Already down a boatload!
Yeah, it's better than the poop in my portfolio, but I was expecting to see some short term play and figured I'd save others the effort of extracting the data.
Break even on the trade is $230 at expiration.
Break even versus equivalent value of stock is $245.
My sentiments and plan too on both range and cutting 2,800 shares at $250 if/when we get there. That’ll get me completely out of margin and bring in some cash to replenish what I’ve been burning on *SUGAR* puts to keep from a margin and maintenance call, and margin interest.
I don’t even bother playing with other stocks or put/calls much, my goal is only to survive now.
Godspeed to all of us!
Huge reversal…
I have just enough money from my last paychecks to cover my 30k margin call tomorrow morning. The problem is that I kept that money to pay my annual taxes bill on January.
So I either transfer money, cover my margin call and delay the payment of my taxes for couples weeks. Or I liquidate TSLA shares and cover my margin call.
Pay my broker or pay the taxman?
Just introduce your broker to the taxman and let them fight it out
In all seriousness are you able to buy some Puts to relieve some margin requirements, like 1/6/23 $140 P.
On my account every $500 spent on near the money puts frees up about $4,500 of requirement. Been helpful when I have been liquid enough to put more money in.
Cory calling for a Santa rally and for Tesla he thinks we might get close to $197 
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So tomorrow I liquidate all my portfolio and buy 195 Calls expiring 2 weeks out?Cory calling for a Santa rally and for Tesla he thinks we might get close to $197
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JSML
Member
A few comments. In order to sell options you need a margin account, they won’t let you do it with a cash account.
Margin calculations is different then cash calculations so you won’t need the full difference in strikes x contracts of margin when you open the covered call.
Blah, just blah. A 12/23 +130/-135 BPS wasn't safe, who would have thought? I may have some fallout in the morning. Last I looked, there was very little margin available for trading, I expect Fidelity will take action if I can't get in there first. GLTA!
EDIT: 12/23 +130/-135p - Thx @Yoona
EDIT: 12/23 +130/-135p - Thx @Yoona
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At this point I think there is better chance of hitting 97 lol.Cory calling for a Santa rally and for Tesla he thinks we might get close to $197
AimStellar
Member
Learn from my mistake. If you are in a margin call, take action before your brokerage does.
I had a margin call due today that could have been covered by selling 300 shares.
Instead of selling the 300 shares at the open, I opted to wait and see if we bounced with the rest of the market.
At 11am, I received a Fidelity notification “Trade request received.” Fidelity sold 2,800 shares when 300 would have done the trick.
I had a margin call due today that could have been covered by selling 300 shares.
Instead of selling the 300 shares at the open, I opted to wait and see if we bounced with the rest of the market.
At 11am, I received a Fidelity notification “Trade request received.” Fidelity sold 2,800 shares when 300 would have done the trick.
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