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The one with the least delta. So, that would be anything with longer DTE and more OTM.One thing I am searching for is the rolling option that will cause the least increase in the value of the CC with a raising stock price.
Wow .... you are quite bearish ... but understandable.I decided to take the high quality roll available now and buy myself all the time in the world for the position to recover. And OMG has that bought me peace of mind!
I don't know when the recovery will happen - only that I consider it to be inevitable on a 2 year time scale.
Wow .... you are quite bearish ... but understandable.
I personally feel there will be a reversal soon .... (even if temporary), but may depend on P&D, which can go either way ...
I agree that we'll see a reversal soon. My decision making comes down to two big factors. The first is the realization that I have adequate share and cash resources to be, and remain, retired. However if I keep trying to time the recovery on these max loss BPS, the money each roll is costing me could actually endanger the retirement status.Wow .... you are quite bearish ... but understandable.
I personally feel there will be a reversal soon .... (even if temporary), but may depend on P&D, which can go either way ...
I am only selling CC on 10-20% of my shares right now. If the SP climbs, I plan to sell more CC at higher strikes to pay the debit to roll the ITM CC way up. So I am making very little right now, but staying safe. I'm also planning on going back to work at this point so I can buy more TSLA shares and replace some of the ones I lost this year.
Cool to see, but hard to see the catalyst that spurs such momentum at this point in time short of a blockbuster surprise of a P&D report. The rumored 100k December deliveries in China might do it - but that seems very far fetched.
My parents just asked me to liquidate their account. I tried to convince them to wait until P&D but they are done. Right now they are tight on money trying to sell a house that has been on market for 40 days without even one showing so it is understandable. When the house sells they will double or triple their current investment. Things are getting ugly.
On the "all-in podcast" Elon thinks that he see us coming out of the recession on 2024 Q2 and he advised again to get rid of margin giving the example of a company going down 95%. He said that long term it doesn't matter because the market will recover and hit again all time highs.
going away from this segment, I had more the impression that he talked about a worst-case scenario. I think many statements he made about a recession in the last few weeks were in context of a "worst-case scenario", and I was under the impression that with his actions (e.g., selling more shares to eliminate margin debt) he's aiming to err on the side of safety (= survival), potentially due to PTSD from Tesla/SpaceX almost going bankrupt during the last recession 2009.On the "all-in podcast" Elon thinks that he see us coming out of the recession on 2024 Q2 and he advised again to get rid of margin giving the example of a company going down 95%. He said that long term it doesn't matter because the market will recover and hit again all time highs.
going away from this segment, I had more the impression that he talked about a worst-case scenario. I think many statements he made about a recession were in context of a "worst-case scenario", and I was under the impression that with his actions (selling more shares to eliminate margin debt) he's erring on the side of safety (survival), potentially due to PTSD from Tesla/SpaceX almost going bankrupt during the last recession 2009.
Some good advice at the end regarding margin, market downturns, keeping powder dry, and increased risks from not having a recession for almost 14 years (2009).You are right he said "worse case scenario". Here is the time stamped clip:
The difference in stress can be summed up with the Breakfast analogy of the difference between imvolved and commited.I really really really much did not enjoy this week.
Got assigned Tuesday on 11x -p380
Got assigned today on 5x -p350
Had to transfer 65k to my account and had to sell ATM CCs yesterday to cash in 100k in premium to avoid a margin call.
I had to take that decision between 2 workers I was seeing for work related injury and had to trade while dictating the 30 mins long reports and decide to pull the trigger to sell ATM call when I saw the stock price already -5% going below 130, I was literally shaking holding my phone while trying to make that emotional decision on the spot while it was full blown capitulation day. Then today has to roll them down to 125 between 2 surgeries to cover for the -1.77% drop which sends me again to margin call again.
This is not sustainable for me and the stress it causes is 10 times worst than doing a complex surgery. I was trained to handle complex situations in which I have control of what I do and take rational decisions based on knowledges I have acquired.
Trying to salvage my portfolio this week before the next counter trend rally is like taking emotional decisions based on unknown facts about emotional people following the herd effect of mass selling one of the best companies in the world destroying my whole portfolio with it if I don’t short or hedge against my positions constantly.
On January 3rd I deleverage significantly whatever the stock price might be. I don’t wanna be constantly looking at the ticker while I go back to work on the 4th.
TSLA $122.2- Key level is $110 - Looking for a big flush to bounce TSLA off confirmation signal - If TSLA bounces, will take PT first around $115, $117.5 and $120 - No clear bias, will watch for how TSLA trades around the key level. |
From my Humbled Trader stocks to watch newsletter tonight
TSLA $122.2- Key level is $110
- Looking for a big flush to bounce TSLA off confirmation signal
- If TSLA bounces, will take PT first around $115, $117.5 and $120
- No clear bias, will watch for how TSLA trades around the key level.