Well we have an orthopedic surgeon and a Radiologist on this thread, so we are covered there. Cheers everyone, what a gear day.
China new Trio NIO, XPEV, LI market cap163.88 bln. Detroit big 3 GM, F, FCAU market cap 130.18. TSLA market cap 494.66bln.
I've been holding Jan '21 $800s deep in the red for a while.
Today, I've rolled these into Mar $700s. Therefore realizing a loss (for 2020 tax purposes), giving me 2 months more time and realizing higher % gains on days like today.
Sell 19 TSLA Jan 15 '21 $800 Call Executed @ $8.95
Buy 3 TSLA Mar 19 '21 $700 Call Executed @ $39.7
Just another step in learning this game and tweaking my portfolio for the risk I'm okay with.
This transaction also paid back about $5k of my long overdue margin...
With that, I can now move the portfolio to IBKR and reduce my margin cost by about 6% per year.
I wonder if the pace of the TSLA move-up has anything to do with buyers not wanting to get ahead of the upper bollinger band too much. I don't really trade on TA or anything, but I've noticed from @Papafox posts this year, that pretty much every run up did not get too far ahead of the upper bollinger band, and often only stayed above it for a day or two at a time.