Nah, it keeps the riff raff out....Since the “wheel” idea is really no longer part of this thread, I suggest a thread title change.
I would recommend “adiggs TSLA Options Strategy Thread”
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Nah, it keeps the riff raff out....Since the “wheel” idea is really no longer part of this thread, I suggest a thread title change.
I would recommend “adiggs TSLA Options Strategy Thread”
There already were threads like those back when I was an options noob.Nah, it keeps the riff raff out....
Yeah, there are a couple of other threads too dedicated to Options.... however this is the defacto options thread now, despite what the thread title is.There already were threads like those back when I was an options noob.
Newbie Options Trading
First, before anyone laughs, I understand the title is an oxymoron. In my defense, everyone has to start somewhere and either get burned and quit or get better and keep going. The reason I am starting this thread is I've noticed lots of newbies asking questions in several other threads about...teslamotorsclub.com
And the advanced thread.
Advanced TSLA Options Trading
Now that we've got a thread for newbies, it seems appropriate to have a thread where we discuss advanced options trading on TSLA. My first idea was a "sell TSLA and enter a Syn Long, plus a spare Call" - but with the stock up so much recently, I'm thinking a better first post is "lock in some...teslamotorsclub.com
I might go through these to see how stupid I was back then. And I know I was because I know how many shares I had at one point back then.
yea this one is way better IMO. It was weird though seeing old names that are no longer around. I just skimmed through some of the pages in the advanced one. I remember that thread talking about spreads, butterflies, and IC's.Yeah, there are a couple of other threads too dedicated to Options.... however this is the defacto options thread now, despite what the thread title is.
Not sure why its not stickied either at the top with the "round table" since this thread has more views and replies than any other thread outside of the stickied threads.
I like it here more than any of the other options related threads because it is more of a hive mind "learning center" where ideas, strategies, wins and losses are discussed.
Most others are seeking or giving advice from a poor "not advice" frame of mind - IMO
That is the most important part, the talking through it - just glancing through the 2 you linked - and you can see questions being answered as if it was gospel / instead of - why did you pick this, why those strikes, do you have a management idea if the position moves against your theory.
Either way - I appreciate everyone's contributions as noted many times by myself and others, we are all learning profoundly in real time how to best manage options and strategies.
You are my heroWhen the price was at $738ish earlier I opened a bunch of call spreads -750/770 to see how that works.
Sell short-term calls for a similar strike against it to minimize that impact.I am not happy about my OTM LEAPs if we trend down they are going to hurt.
Thanks to inspiration and learning from this thread, I did not roll 735cc's and filled a 695-675BPS that I setup this morning and thought might hit on a pullback. I was worried earlier today, but got busy with work and let the market makers do what they do. My 735cc's may still be exercised and my 750's too, but the trend this year seems more contained than the 2020 runs. The downside is our premiums are likely to continue to decline until down the road Tesla is paying a dividend.
That looks like a significantly unbalanced put call ratio.
Agreed, the next couple of years there should still be considerable volatility. With 50% + growth, the stock valuation is subject to big turns based on minor changes in the outlook. But the golden premiums adiggs and Lycanthrope were gathering earlier may be gone forever. The more people getting on the gravy train, the slower and more stops the train needs to make.While the stock is in a lull right now, I think there's still plenty of volatility ahead.
I’d like to say thanks everyone. Managed 13.44% gain this month, thanks to all of your collective ideas and strategies. This is my second best month ever percentage wise and the other one doesn’t count IMO because it was buying OTM lotto calls. $ wise it’s #1. This is replícate-able though but probably only at 1/4 of this rate.
Congratulations. That’’s impressive.I’d like to say thanks everyone. Managed 13.44% gain this month, thanks to all of your collective ideas and strategies. This is my second best month ever percentage wise and the other one doesn’t count IMO because it was buying OTM lotto calls. $ wise it’s #1. This is replícate-able though but probably only at 1/4 of this rate.
I think the real “problem” is the more and more people realize Tesla is not only real but the leader in the industry the volatility is reduced.Agreed, the next couple of years there should still be considerable volatility. With 50% + growth, the stock valuation is subject to big turns based on minor changes in the outlook. But the golden premiums adiggs and Lycanthrope were gathering earlier may be gone forever. The more people getting on the gravy train, the slower and more stops the train needs to make.