Short term trending bearishly? We only set ATH about twice a week going on for like 2 months now.
Lol I short term trade a lot. In this case I've had to butterfly my position at a loss. It happens, but it still makes me a little sad. My friend actually just talked me out of my previous post. I've removed all of my September put spread hedges in order to buy back my short calls. I'm not fully exposed bullishly again and I've spent 15k on put butterflies, spreads, and naked puts expiring January 31. Its pretty gross considering I'm expecting Tesla to pull in 100mm+ in profit more than last quarter. But I've been right on Tesla turning profits and wrong about how the share price reacted in the past. This 15k is almost guaranteed to go to zero, but I don't have the stomach to go through another massive downturn again.
Feel free to flame me and post about how its all about the long term. Apparently I hate money.