TSLA in beast-mode! Fortunately I bailed-put of my -c170's earlier, also the -p172.50's I opened late last week, slightly too early on those, but had a new plan...
Decided I wanted to take some profits on the Dec 25 c140 LEAPS and roll them up to a higher strike with 50% more contacts (i.e. some leverage), had the bright idea to facilitate this with a -185 straddle this week, figuring we'd probably stay flat, managed to sell the call side, but misses the puts by a few cents, meh! Will see how things pan-out in the coming days, the weekly calls will lose extrinsic, the LEAPS not, but would have liked the extra income from the puts
So for the LEAPS, I was thinking to go with Dec 2025 c200's, then write Dec 2023 -c200's against them, at the time I was looking was $60 for the LEAP and $25 for the short call, given the economic uncertainty, seemed like a good risk/reward, I don't know, will see...
Decided I wanted to take some profits on the Dec 25 c140 LEAPS and roll them up to a higher strike with 50% more contacts (i.e. some leverage), had the bright idea to facilitate this with a -185 straddle this week, figuring we'd probably stay flat, managed to sell the call side, but misses the puts by a few cents, meh! Will see how things pan-out in the coming days, the weekly calls will lose extrinsic, the LEAPS not, but would have liked the extra income from the puts
So for the LEAPS, I was thinking to go with Dec 2025 c200's, then write Dec 2023 -c200's against them, at the time I was looking was $60 for the LEAP and $25 for the short call, given the economic uncertainty, seemed like a good risk/reward, I don't know, will see...