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One more time
Sold May 1 1000 strike calls for $5.50
I planned to close these today or tomorrow. With the large bounces of the stock, plus going into earnings tomorrow, I decided that the amount of money on the table wasn't worth the energy this was consuming. Still made a little money, and as a dividend play, I'm quite happy with the end result, though not nearly what I was expecting.
Sold May 1 500 strike puts for $4.50 (nearly 1% for 1 week!)
One more time
Victory!!!!!!!!!
Added during MMD.
I may be stupid, but I have conviction.
I
Just
Got
Paaaaaaid
As always, if you’ve joined me, tip the dealer. We’ll be adding a P100D model S to join our P100D Model X.
Paying. In. Cash.
Hahahahaha
How about just buying 900 calls for next week exp? Would it be worth itI am loading up on PUT credit spreads for next Friday with these huge discount prices going on. I feel once this Elon hype is over people will realize how well Tesla is doing.
Did that already! LOLHow about just buying 900 calls for next week exp? Would it be worth it
I
Just
Got
Paaaaaaid
As always, if you’ve joined me, tip the dealer. We’ll be adding a P100D model S to join our P100D Model X.
Paying. In. Cash.
Hahahahaha
This is/was exactly my thinking. The volatility is crazy in the market right now. I know TSLA will hit 1800, its just a matter of when. I did not think we would be touching $750 a share this soon again, my conundrum is to lock in the profits (200% gain) now or just wait for this to all blow over. The problem with options is the time decay element. Lets say TSLA trades flat in the $700 range for the next 3 months until this blows over, my 200% profit is 50% less.
Thank you for your thoughts Frank.
I added some trading shares at $780. Current SP does not reflect what we've heard in the conference call and does not reflect the upgrades today.hahah. negative!
every thursday and friday the fun sponge comes out and sucks always the gains from monday to wednesday. like clockwork!
are call premiums more reasonable with the current VI?
I am still wondering how you made money on the May 15th 900 and 950 calls because I got the 950s same day and I lost a little money lol.
Leaps for me from now on. Hopefully @FrankSG will let us know if the premiums get reasonable.
Update for @juanmedina: this worked. Limit sell order triggered early Monday. +50% looks amateurish next to @BenPrice 's results, but not bad for a fifth option trade ever . Have to get better at it, though it was a cautious trade.So my first bet with the proceeds from not-advice from this forum is the purchase of what used to be otm 715 may 1 call at 49. This is a bet on a good reaction of the market to the quarterly call. I anticipate a 20% move, but set a sell limit price well below that.