A RT is nothing like we have today. No car from anyone is a RT. Its a new class of cars. Obviously the software is the majority of the difficulty but the RT itself is a nice chunk of challenge to design and manufacture at scale.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
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A RT is nothing like we have today. No car from anyone is a RT. Its a new class of cars. Obviously the software is the majority of the difficulty but the RT itself is a nice chunk of challenge to design and manufacture at scale.
I'm hoping the opposite. The product should sell itself and we don't need fancy stage or speakers to talk it up. If its revolutionary as I hope it will be then zero need to waste on a nice stage.
Knightshade
Well-Known Member
I agree stationary storage is a significant growing part of their business- but generation (solar) has been hilariously awful for years now with massive declines in MW of deployment from the early years. It was over 200 MW a quarter back in Q4 2016. 5 years later in Q4 2021 it was below 100 MW a quarter... and by Q4 2023 it was a mere 41 MW. In Q1 2024 they stopped reporting the solar deployment number entirely.
I always thought the leaps would have enough money to cover the losses of the short dated calls? I can't imagine where that doesn't happen. So bought calls gets taken away and you are left with less cash?
thenewguy1979
"The" Dog
offload my long TSLA too soon thinking it was going to fade 
Let see if it can hold above the 187.4 mark.
Let see if it can hold above the 187.4 mark.
as per @Max Plaid , exercise is not automatic and it makes sense - broker wouldn't know what to sell if there are multiple LEAPS
if the shorts are losing, then it means it is more profitable to sell the LEAPS and then buy stock to cover the shorts (exercising the LEAPS means i lose all the extrinsic)
should be done before friday close to have a clean exit
PUMP:
Morgan Stanley reiterated an Overweight rating and $310 PT
June 25, 2024 7:17 AM
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla.
Morgan Stanley reiterated an Overweight rating and $310 PT
June 25, 2024 7:17 AM
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla.
⚡️ELECTROMAN⚡️
Village Idiot
Yes please. Although I’ll probably be out well before it reaches that unless I see significant FSD progress on my own car. I plan on quitting my job and attempting to retire early 2025. If TSLA tanks it’s going to make me uncomfortable to quit. I thought I would be worth four or five times what I’m currently worth. This isn’t going so well.
TSLA pre-market volume 300k, NVDA 9.5M 
However, and this is the way I use LEAPS (and shitcalls, shitputs, etc.), you can roll the weekly short if it's losing, or keep writing them far enough away that you bring in a weekly profit and just use the LEAP as the long side of a celendar spread/diagonal
In this case, the debit for the position is $62.50, but there are around 130 Fridays to write short positions, meaning 50c per week would break-even; $1 per week would be 100% ROI
And then you can get a bonus if you manage to keep ahead on the short strike while the SP rises, the long strike will go up in value and at a certain point you can just sell the long for good profits anyway
That's the game...
And long LEAPS can be rolled too, especially when they low in value, as I explained up-thread earlier
It's all in the Delta, i.e. how much the option value moves per $1 move in the underlying... this is easiest visualised as a calendar spread. The immediate and obvious part is that it's a debit to enter the position and if the SP falls you begin to lose immediately, likewise if it rises too high, the value of the closer-dated short becomes higher than the longer dated long
However, and this is the way I use LEAPS (and shitcalls, shitputs, etc.), you can roll the weekly short if it's losing, or keep writing them far enough away that you bring in a weekly profit and just use the LEAP as the long side of a celendar spread/diagonal
In this case, the debit for the position is $62.50, but there are around 130 Fridays to write short positions, meaning 50c per week would break-even; $1 per week would be 100% ROI
And then you can get a bonus if you manage to keep ahead on the short strike while the SP rises, the long strike will go up in value and at a certain point you can just sell the long for good profits anyway
That's the game...
And long LEAPS can be rolled too, especially when they low in value, as I explained up-thread earlier
Actually you just roll the shorts, normally... that's the beauty of calendar spreads versus straight spreads...
I could actually retire now and generate the same weekly income as I get from the day job with incredibly low-risk weeklies, but as the wife will work the next 7 years anyway, I carry on as long as I can and try to keep my hands off my capital
That being said, my weekly target is 1% of total portfolio value added as cash, and to tag on the extra I make doing the 9 - 5 would be 1.3%, so I do wonder if it's worth the effort, especially as it distracts from trading opportunities
So yeah, thinking about it...
ChiefRollo
Member
You're not alone my friend.
For myself, I kept working one year after I was comfortable with the value of my portfolio-- and retired back in 2018 at 47. At that point it was worth twice what my old retirement target was. The TSLA pop quadroupled that number (and the drop lowered it by 25%). The reality is that if it wasn't for the TSLA pop I wouldn't have had the stability to stay retired; I significantly underestimated my retirement needs, although I did buy a much bigger house than I intended to which significantly increased costs.
This is the problem with the PMCC / leap backed covered call. On a move against its not hard for the short call delta to go higher than the long call delta. At that point the short call is losing money faster than the long call is gaining money.
With share backed covered call the shares always have a delta of 1 - no matter how DITM the short call goes you will always be making money on further increases in the share price.
The PMCC is also exposed to Vega - changes in the option value based on changes in IV. The leap IV doesn't necessarily move in unison with the short call - when they work in your favor of course that's grand. When the IV changes go against you - not so much fun.
ChiefRollo
Member
Great perspective. Of course the "not so much fun" part can / should be entirely attributed to the bad short call play, not a knock on the long call.
$RVIN ripping on announcement of a joint-venture with $VW, good for them both!
thenewguy1979
"The" Dog
Wait, so Rivian beat TSLA to the punch by licensing their software to VW?
If so wouldnt that make Rivian a Tech company now?
All respect then . No hype, no Bull, just action.....these are the types of good news we need for TSLA - not just RT......
I think professor @tivoboy can retire early with his holding in RVIN
thenewguy1979
"The" Dog
It’s beyond embarrassing that VW can’t do a decent and capable operating system for their EV’s. The fact that they’re licensing Rivians software which is as vanilla as they come with a fancy cell shaded rendering look from Unreal is just sad.Wait, so Rivian beat TSLA to the punch by licensing their software to VW?
If so wouldnt that make Rivian a Tech company now?
All respect then . No hype, no Bull, just action.....these are the types of good news we need for TSLA - not just RT......
I think professor @tivoboy can retire early with his holding in RVIN
View attachment 1059698
Congrats to Rivian for getting a one time payment for something that a small group of competent engineers could do in a couple months
I would assume that Rivian supply the EV tech and software, VW help them with their bloated cogsWait, so Rivian beat TSLA to the punch by licensing their software to VW?
If so wouldnt that make Rivian a Tech company now?
All respect then . No hype, no Bull, just action.....these are the types of good news we need for TSLA - not just RT......
I think professor @tivoboy can retire early with his holding in RVIN
View attachment 1059698
Either way it's good for EV adoption and The Mission
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