One would think that with Tesla saying that year over year for like 2+ years now(?) that the analysts would start using an annual 50% growth rate.That above 50%+ guidance is gonna save us. Thx papa elon.
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One would think that with Tesla saying that year over year for like 2+ years now(?) that the analysts would start using an annual 50% growth rate.That above 50%+ guidance is gonna save us. Thx papa elon.
You might be able to get decent roll on the 900/950 so maybe roll for that one in the morning. Hopefully we open closer to 950 tomorrow.What's the "not advice" on managing these positions that I have open which all expire on 1/28?
950/1000 BPS
925/975 BPS
900/950 BPS
Unless there is a substantial run up tomorrow, it's looking like I'm going to have to roll them. Open to suggestions on dates (2/4? 2/11?), etc.
Bad bad macros were really not something I was taking into account when I opened these weeks ago (when we were at ~1200).
I agree we climb next week IF macros are good and the NASDAQ recovers. If not, we could see 800s again.I'm tremendously excited to close my remaining 2/4 BPS. MM's can even have 1000 this week if they like. Hoping for a Mon/Tues rise to at least the $1050 zone as banks come to grips with this new reality.
I’m in the same mindset - I think it’s iron condor time - 20% each way. This is of course if we don’t get wiped out at the open tomorrow. Would love to see some strength above $950 tomorrow so we can get our roll on.I agree we climb next week IF macros are good and the NASDAQ recovers. If not, we could see 800s again.
I’m hoping for 1099 close on Friday. I sold some LCC’s to help relieve the stress of the 2 sets of BPS I didn’t kick down the road.I’m in the same mindset - I think it’s iron condor time - 20% each way. This is of course if we don’t get wiped out at the open tomorrow. Would love to see some strength above $950 tomorrow so we can get our roll on.
I’m in the same mindset - I think it’s iron condor time - 20% each way. This is of course if we don’t get wiped out at the open tomorrow. Would love to see some strength above $950 tomorrow so we can get our roll on.
I’m in the same mindset - I think it’s iron condor time - 20% each way. This is of course if we don’t get wiped out at the open tomorrow. Would love to see some strength above $950 tomorrow so we can get our roll on.
I think he was thinking 20% OTM on both sides. Your tight IC would make me nervous tomorrow when we don't know if there could be a 10% move in either direction in the coming days.View attachment 760718
Buy to open $1170 call
Sell to open $930 call
Sell to open $930 put
Buy to open $740 put
10 contracts for $86,170 credit
$843/$1016 breakeven on either side
Is this pretty much what you're thinking? Breakevens are about 9% on either side of $930
We in the biz call this an iron fly. It's also unbalanced. I'm gonna guess he meant the short legs are 20% out.View attachment 760718
Buy to open $1170 call
Sell to open $930 call
Sell to open $930 put
Buy to open $740 put
10 contracts for $86,170 credit
$843/$1016 breakeven on either side
Is this pretty much what you're thinking? Breakevens are about 9% on either side of $930
+1I think he was thinking 20% OTM on both sides. Your tight IC would make me nervous tomorrow when we don't know if there could be a 10% move in either direction in the coming days.
I think he was thinking 20% OTM on both sides. Your tight IC would make me nervous tomorrow when we don't know if there could be a 10% move in either direction in the coming days.
That's what I'm thinking (the first one). It all depends on how I get out of this situation today, likely a combo of rolls to lower put strikes and add BCS 20-25% out. I've played with too much fire lately, and the premium are high for a reason.Got it, so possibly something like this.
Just out of curiosity I split the difference below. Tempting to play with max pain settling around $1000 but I'll watch from the sidelines.
Then don't roll today. Simple.I still have Jan28 1000/900 and 950/900. I bet the SP is going to drop, causing everyone to roll, and then land tomorrow at 970 or something stupid.