Mario Kadastik
Active Member
*sigh* I was trying to get into Tesla being smart and selling puts. I started around april 2012 when it was around $28. I sold monthly options at-money hoping that if it closes just below I'll get the stock dead cheap. By around March 2013 I had made ~$2000 without actually putting anything in (it's an IB margin account and I only had ca $10k on it when I started). I've kept selling puts with the occasionally bought call spread in there and I've made about $5k on TSLA, but I still beat myself up from the fact that I didn't just outright buy TSLA when I planned. Though I doubt I'd have held on to it until now (i.e. $170 range). Still, making $5k without investing a single cent is useful Right now have 3 short puts (weekly 155, 160, next weeks 155) netting me ~600 USD against margin. I of course have stop loss orders which are GTC trades to safeguard against a huge drop, but there's still the risk if the drop happens outside of market hours. Probably should start safeguarding with some very low price PUTs just to avoid a flash crash margin call.