Bet TSLA
Active Member
Meanwhile, my E*Trade account continues to provide no notion of how much my holdings are worth or what I get to keep. The options bid/ask numbers are mostly nonsensical. And surely since TSLA closed at 695, my 25 short 690 puts that expired today won't cause me to get 2500 shares put to me for $1.725M. Or will they? I guess I'll find out tomorrow. The pricing on NASDAQ's Tesla, Inc. Common Stock (TSLA) Option Chain certainly doesn't seem to reflect a 695 close at my strikes.
My TSLA options that expired today:
- short 690 puts
- short 670 puts
- short 610 puts
- long 680 call
Given a 695 close, all the short puts should expire worthless, and the call should be exercised. It's just a single call that I bought late today for $5 as an experiment, so I don't care too much either way. Losing $500 is what I expected, but I don't mind buying another 100 shares at 680.
Still in play:
- long 12/31 590 calls
- long 12/31 690 calls
The latter still require TSLA to go up some more by expiration to break even. But I can't tell what they're worth now due to the aforementioned nonsensical bid/ask pricing.
My TSLA options that expired today:
- short 690 puts
- short 670 puts
- short 610 puts
- long 680 call
Given a 695 close, all the short puts should expire worthless, and the call should be exercised. It's just a single call that I bought late today for $5 as an experiment, so I don't care too much either way. Losing $500 is what I expected, but I don't mind buying another 100 shares at 680.
Still in play:
- long 12/31 590 calls
- long 12/31 690 calls
The latter still require TSLA to go up some more by expiration to break even. But I can't tell what they're worth now due to the aforementioned nonsensical bid/ask pricing.