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So what is the overall consensus for tonight with regards to people's position. Are the majority of the members of the forum cutting back their positions, holding, or adding prior to tonight? I have Jan 16 280 strike calls which I have no problem holding through earnings tonight. I also have March 15 300 strike calls which I'm not sure what to do with (hold or close out). There are good arguments for closing them (ie slightly bad earnings tonight) or for holding them (model x reveal perhaps in Jan and another earnings event in Feb). Any suggestions on the latter would be greatly appreciated. Thanks.
Buying weekly slightly OTM calls now. Can't resist
(I need to call 1-800-STOPGAMBLING). I can't shake the feeling that it's possible to outsmart the casino on this one...
Good luck my friend. I am slowly offloading some 240 puts and buying 200s. I may grab some lotto ticket calls (Nov 14) at the 275-280 range. But it will be a small play and gives me something to watch today.
So you're sticking to the original plan huh? Today's drop feels unwarranted, that coupled with Elon's confident tweets, the analysts aggregated lowish expectations and where we are right now with regards to the trading channels (medium-low channel) makes me fell we could see a big gap up tomorrow. Never underestimate a TSLA earnings call.
Buying weekly ITM calls now. Can't resist
(I need to call 1-800-STOPGAMBLING). I can't shake the feeling that it's possible to outsmart the casino on this one...
So you're sticking to the original plan huh? Today's drop feels unwarranted, that coupled with Elon's confident tweets, the analysts aggregated lowish expectations and where we are right now with regards to the trading channels (medium-low channel) makes me fell we could see a big gap up tomorrow. Never underestimate a TSLA earnings call.
Buying weekly ITM calls now. Can't resist
(I need to call 1-800-STOPGAMBLING). I can't shake the feeling that it's possible to outsmart the casino on this one...
This belongs in the newbie thread, but....
So, when you buy ITM calls, does that mean you will simply yield the "cream" off a rise, at much lower cost than buying the stock?
So, if you pay $20(00) for a 11/22 220 contract, once the stock hits 240, you will yield a buck for each point above 240....so a rise to 260 will return (approx) 100% profit?
so far this is like all the other day of report trading except the downward trend less severe percentage wise. expect to drop further. i am not making any claims about the report (although i do expect a beat). will sell half my puts later today and hold the rest through tomorrow just in case. the puts were not meant to be a day trade for me but insurance to take the sting out of potential loss.Thanks for everyone's input. With the selloff today prior to earnings, and with everyone's encouraging words, I will hold onto my March 15 calls.
Yes. The time value cost much less with these calls than the ATM or OTM ones. But you tie up more capital.
so far this is like all the other day of report trading except the downward trend less severe percentage wise. expect to drop further. i am not making any claims about the report (although i do expect a beat). will sell half my puts later today and hold the rest through tomorrow just in case. the puts were not meant to be a day trade for me but insurance to take the sting out of potential loss.