Norse
Active Member
Cool, I might do Asia if the Carrebean is to expencive. If tou are starting your trip in February I would do Asia first due to the weather.
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Social Chat - Short Term TSLA Movements
- Thread starter Jonathan Hewitt
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Cool, I might do Asia if the Carrebean is to expencive. If tou are starting your trip in February I would do Asia first due to the weather.
Do you have a defined exit point with a short play like this or are you generally just watching the stock and making a gut decision on when to exit?
InTheShadows
Active Member
I like to sell half when the price doubles that way the risk is gone and a lot of the emotion is gone from my decision.
I have also done this with a slightly
modified approach when there is a good run and I have some time to watch the stock. I let them ride and watch the stock with one minute candles. Three consecutive red candles and I sell no matter how small or what type they are. (After all I'm selling above what I wanted to get anyways.). Because I'm watching it by the minute a big red candle will get sold too because of emotion.
Mario Kadastik
Active Member
I think if you take multiple options contracts (not just one) I would personally sell some portion at such gain, then some at 50% some at 75% etc. Then again if you bought them for a particular strategy (i.e. autoshow), then I'd wait for the catalyst unless the deal becomes too good not to take
If you bought more than one then one option is to sell half when you hit +100% I think if you take multiple options contracts (not just one) I would personally sell some portion at such gain, then some at 50% some at 75% etc. Then again if you bought them for a particular strategy (i.e. autoshow), then I'd wait for the catalyst unless the deal becomes too good not to take
Thanks Mario and Shadows. Up close to 70% now. I have 25 contracts. Will probably sell a portion.
Suspect this is catalyst http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#tsla At&T and TM in long term agreement
InTheShadows
Active Member
InTheShadows
Active Member
So I guess this means that we won't have to pay a monthly fee to keep our cars connected for a few more years yet.
InTheShadows
Active Member
I'm expecting it too soon. I have options that expire next week at 150, 155, 160, and a 170 as a gamble. The positions get lighter as you go up. The 160's and 170 are a little under. I thought about picking up another 170 this morning but I doubt it will get that high.
I will gladly sell you some $170s. No, I don't have any to sell. I am actually already short the $170's; sold them a while back for like $3. TSLA will not get that high next week IMO.
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These I am just playing by ear. No real exit strategy.
I think if you take multiple options contracts (not just one) I would personally sell some portion at such gain, then some at 50% some at 75% etc. Then again if you bought them for a particular strategy (i.e. autoshow), then I'd wait for the catalyst unless the deal becomes too good not to take
This is great advice. And this is what I normally do.
I always have an exit strategy except this time I bought them for the auto show speculation. But if they run up this week then I will sell some this week if they double. I will have to wait and see what the market does.
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
Just don't get too greedy with these weeklies. 70% up can be 50% down in a wink. It's like musical chairs - don't be the fool when the music stops playing
Just don't get too greedy with these weeklies. 70% up can be 50% down in a wink. It's like musical chairs - don't be the fool when the music stops playing
Wise words, and very accurate. Not complaining but now down from 70% to 50% :wink: I will probably just hang on to see what happens at the auto show with TM and Panasonic presentations.
Just don't get too greedy with these weeklies. 70% up can be 50% down in a wink. It's like musical chairs - don't be the fool when the music stops playing
Go big or go home.
On second thought I might just hold them till next week and see what the auto show produces.
InTheShadows
Active Member
Short Term TSLA Investor Social Chat
That's why I didn't buy one. I bought most of these positions in early December. At that time I was expecting to see 155-160 by now. I thought we would go into the auto show at 160. You can see how well that prediction was.
I'm thinking hard about starting to buy one strike lower than what I plan. I had a lot of options that I missed by one strike.
This resistance at 150 is amazing.
That's why I didn't buy one. I bought most of these positions in early December. At that time I was expecting to see 155-160 by now. I thought we would go into the auto show at 160. You can see how well that prediction was.
I'm thinking hard about starting to buy one strike lower than what I plan. I had a lot of options that I missed by one strike.
This resistance at 150 is amazing.
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
I've gone home (empty handed) a few times too many, due to excess greediness
We've all been there :wink:
BTW, good to see you posting here again.
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