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Not a fan of this emerging narrative of Robotaxi or bust. Seems like a false dichotomy that doesn't do justice to the company on the whole. Hope things can be cleared up on the earnings call

Absurdly brutal week for NVDA -C and TSLA -P 🤯

Thanks for sharing. Is the likelihood of a breakout to the upside higher? Or these are just the upside scenarios?

Saw the whole thing too. Seems he is upset about advertisers leaving and he's willing to martyr X to lay blame with the advertisers rather than taking any responsibility. Ugly interview all in all. Sorry, none of this is on topic but key-man-risk will get called into question again. On topic -...

We seem to be riding the 200 DMA. Any guesses as to which gap gets filled first? (down ~$210/ up ~$240)

Agree, Cary from Wicked Stocks has been spot-on with channel top and bottom/levels. Looks like continued strength in pre-market. I wonder if this is gonna be a big buy the rumor, sell the news on tech for NVDA earnings 🤔

Reminders in the interest of planning for next week - Market closes early (1pm ET) on Monday and is closed on Tuesday. Also, P+D likely Sunday o_O Short week slightly offsets the potential volatility of P+D but I think I will be further OTM next week regardless.

Is it me or are the premiums for next week actually looking decent? Esp considering it’s a shorter week. Thinking about legging into an IC to try to bail out some CC’s

So, massively overbought, up 60% in a month, record number of green days, still going in AH and it's Powell time tomorrow What could possibly go wrong 🫣

This is just ridiculously overbought now, I have a lot of roasted calls.

Feels a bit like the market forgot about Powell

Macro feels very bearish. TSLA plugging along nicely but may be impacted. Sold an iron condor for 3/31: +152.5p -162.5p / -217.5c + 227.5c

Are people still of the view that at some point we will fill the gap around $145-$155?

Same. So quick to go from oversold to overbought. My CC's have been caught big time. Going to pause and see how things pan out and if we revert to fill the gaps. Will try not to look at the value of my CC's in the meantime 😞

Looks like we settled around the 50 DMA in AH. Think I will have some CC rolling to do unless MM's are really committed to max pain this week.

Fidelity upped my margin requirement from 40 to 50% which has put me in a freaking margin call. After working so hard to finally get out of the woods, i've been picked up and dropped off back in them. Anyone have any experience negotiating this? Worth giving them a call?

Elon is on Twitter spaces right now. Just said no more stock sales for 18 months/till 2025 https://twitter.com/i/spaces/1OyKAVlPQznGb?s=20

Was assigned on 1x Jan 25 400p

Considering converting some shares to ITM LEAP calls and do poor man's covered calls on the weekly. Anyone else had success with this or considering it at this time?

I am with you all. This is not sustainable for me at these levels. Will likely have to sell shares at a loss and rebuild with about 10% of what I had. Sorry for anyone in a similar/worse boat. This honestly just f'ing sucks. My long term bullish view on Tesla the company is mostly still in...

If we continue drifting back up, does today's action have any significance as a higher low?

I don't remember a product unveil/delivery event that moved the SP in a significant way, with the exception of Cybertruck that had a negative reaction. Anyone else remember differently? Could be wrong but unless the delivery event includes unexpectedly bullish news on production or other...

Also had an assignment - 1 x Sep 23 p375 overnight

A few things i'm trying to do to improve success rate based on learnings from a painful year. - Choose strike and timing of entry based on sp rather than premium (much easier said than done) - Don't fly as close to the sun (seems to be the cause of most issues) - Don't do BPS on TSLA on margin...

This is effing ridiculous

Got some -260/+240 BPS expiring tomorrow that i'm trying to de-risk/slip out of. Options for rolling are not looking too great, would likely have to widen the spread and not at all keen on entertaining another margin death spiral. Could certainly use a sp bump right about now 😞

I am with you guys. I am slightly underwater but at peak demoralization at finding us where we are. Will stay long shares and forever be a TSLA bull but considering similar strategies on other names where leadership isn't a volatility catalyst.

Seems like closing at a nice large number exactly divisible by 3 would be optimally convenient for MMs today 🙄

Thinking about how to rebuild one of my accounts that got blown up by BPS. I'm considering cash and LEAPs as collateral for CSP/strategic conservative BPS and leap covered calls. Keen to hear how those who were mostly selling against cash have fared the past few months 🤔

Sure, they were $890's expiring 6/10 so not a huge surprise. Had been managing and trying to roll but wasn't really getting anywhere.

Had the short leg of all my remaining BPS assigned overnight. Will be selling some of those shares today. Glad that the BPS is resolved but with a pretty significant realized loss.

This price action is so demoralizing. At 790 just on Thursday I was on the way to getting out of some ITM bps and being free and clear. Now back at 700 I have to keep an eye out for margin calls and sign an acknowledgment from Fidelity that I am responsible for the performance of my account...

Also had 2x 5/27 $930's assigned last night. They were the short legs of a BPS, was under the impression that if they would be assigned, the long leg would be simultaneously exercised but apparently not.

Seems futile to wade into the game of politics which is mostly for entertainment purposes and in which there are no winners. It seems unnecessarily divisive to pick a side in such a game.

I have 15x 935/820 BPS for 5/20 that i'm debating what to do with. Probably close at a loss on any pop early this week or roll for minimal debit. +1 on this sucking

Fear and margin calls

FFS

I didn't "just blame the brokerage"

Welp, again Fidelity hasn't given me the chance to resolve things myself. They liquidated some shares and sold puts to cover the house call that was in place for all of an hour or so. Obviously the share price then rallied which would have eased the majority of the problem. I know they have...

Ok, first ever House Call with Fidelity. I sold some shares which I guess will reduce the outstanding once it settles? Any pearls of wisdom/hints and tips for dealing with house calls would be much appreciated.

In for 20 more shares AH @$935

Rolled everything to next week. Live to trade another day. This is ridiculous.

Yeah it was about 1:20pm which seems early for this type of stuff. They dipped in the money for a period but yeah, they would have ended up $20 out of the money and expired worthless. So Fidelity essentially lost me $50k without even sending a message or any type of explanation. Lesson learned...

Of course, thanks (brain is foggy today, Covid test incoming). Share count is unchanged, seems Fidelity liquidated.

Good question. I don't see anything about an exercise on the order/execution details, just buy to close. Would there be any indication? I'll call them after the close where I imagine i'll be complaining that these would have expired worthless :mad:

Was planning to roll my -1030/+930s or have them expire worthless but obviously waited too long because Fidelity just liquidated the short leg on my behalf. Wtf.

Amazing how quickly you can go from worrying about puts to worrying about calls :D

Indeed, have also been rolling some BPS. Highest short legs are at $940. Have to feel that with Elon close to wrapping up his selling (hopefully), this $910 gap being filled and triple witching out of the way things will start to drift back to $1000 and the heat will be reduced. Painful in the...

Rolled some 940/870s and 950/860s to 12/23 mostly 930/850s. Still a bit too close to the sun for my liking but hopefully the sun can also rise back higher into the sky by then :p

Wasn't sure whether to roll or not so I rolled half of my 12/10 960/870's to 12/17 940/855s. Time will tell, but feel reasonably good about not totally sh$tting myself on this latest wild ride.