As I posted previously on this board, I liquidated all my short term TSLA holdings post SP inclusion. It was a spectacular run, leveraged into options I made ridiculous coin.
The flawed plan was to re-establish positions as TSLA stabilized post SP for yet another run which I knew was coming. Ha! Never stopped running. Flawed in hindsight of course,
.
Today I was actually holding TSLA PUTS in my short term account, cause you know, that's what short term accounts are for, trading and such
.
The puts of course got HAMMERED into oblivion
.
Despite this, I turned a big profit in the short term today due to other positions, specifically IPOE.
But my long term accounts had a bigger profit for me today than I have ever made in my life, an amount I am ashamed to post and this is of course because of TSLA.
I sold some covered calls today. 1500 Jan 22s for 100 dollars. I am happily prepared to part with those specific shares for twice today's price a year from now (or a month from now
). I have already settled on a large number of shares that will never be touched (well, maybe at 5,000. Or maybe 10,000. or maybe ....ah, whatever).
I grew up lower middle class paycheck to paycheck. Where I am at now was unimaginable once I became an adult (almost everyone thinks they will be a billionaire or some such at 15, at least if they care enough to think about it). I think my lack of practice at dealing with these large numbers has handicapped my ability to handle them without losing my mind. It is only money.... and yet it was so precious and unavailable once.
I guess If I really knew what I was doing, my short term account would have really blown up the past ten days. OTOH, if I am failing at this, 99% of the American investing public would love to be labeled as failures as well.
Congratulations to all here, especially the crazy leveraged that cannot believe their eyes. Go big or go home, right? They say that to really become rich, money must mean nothing to you. Elon has followed that script. Equity is just something you use to get where you want to go.