Planning to buy back on a pull backWhat makes you think we are only going up a few percent more in the next 3 weeks?
"it'll pull back right? Right?"
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Planning to buy back on a pull backWhat makes you think we are only going up a few percent more in the next 3 weeks?
There’s no good answer that doesn’t involve more risk because you basically sold at 130 plus the premium unless we drop back down.Did a covered call monday for strike of 130 and expiring 4/26. Now what should i do? Looks like i got into a jam. Any ideas as to how to recover from this fiasco??
I think he's gonna be ok. Will see low 160s again soon.What makes you think we are only going up a few percent more in the next 3 weeks?
If you have the cash/margin then you could form a straddle, 60x -c130 -> 30x Sep -p175/-c175There’s no good answer that doesn’t involve more risk because you basically sold at 130 plus the premium unless we drop back down.
When this DITM you can roll it far out to move it up a few strikes but then you’re stuck with an ugly losing position for 2 years doing nothing. And even if the stock does drop back down, you’re still stuck with a contract 2 years out.
You can probably still roll week-to-week for a small credit ($0.20-0.50/contract maybe) and just wait and hope it comes back near your strike.
If you have more shares, you could do something like double the number of contracts into twice as many at half the price, which will move the strike up a good amount. If you don’t have more shares, you could buy some more and lower your cost basis.
And on that note, STO 100x 5/3 @$2.6 -> at this strike they roll nicely to September -c240's if need be
Yeah, really smart when they just burned $2.5B in Q1
Pure stock pumping from Musk & Co IMO, as was much of the earnings call and slide deck IMO
I might be wrong, my LEAPS hope I'm wrong, we will see...
Sorry to appear so cynical, but I'm really not feeling drawn into the hype right now, not at all
I think we have the break outAre we nearing @dl003's warning to cut shorts and get out of the way of the runaway train?
Tune in at 11...
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We have Stoch on the 60-min and got it today on the daily, just need to take out $180.38 to unlock next level.I think we have the break out
Just need stochastic over 60
Whoops, -c175, will adapt the post... can push those out to Sep -c240 if they go ITM, then my Jan 2025 +c300's come into play, etc...Which strike is that?
Day 3?....2 greens!
TSLA After Earnings - Day 1
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TSLA After Earnings - Day 2
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172.20 AHThat would screw me the most. So almost certainly YES....
We all have bad days and good days. Only difference is BTF allowed us to join him on the rides on both the good as well as the bad.Another above average volume trading day.
Ohh. Inverse BTF is DEFINITELY a thing!
Everyone on this forum could have retired with more money than Elon by just doing the opposite of my trades for the last 5 years.
This is probably the 10th time I've posted this, but
Once we've broken out of the daily trend resistance, the trend flips to bullish but overwhelming chance it will go back and retest the breakout level at 163.5. One out of 3 things will happen:
It will go down a bit further than 163.5, but eventually will turn up to make new highs
It will tap 163.5 then skyrocket, like it did on January 25th and May 24th of 2023
It will keep going down until it breaks the newly established daily trend support around 138
So if your goal is to rescue your CCs, pay very close attention to this level. As some of you know, as a trader I pay zero respect to the fundamentals. I only go off the probability of a setup playing out in the past and apply it to the current setup. So if you think Tesla is doomed and this is just a dead cat, just keep your CCs open until TSLA goes down to 80 or 100.
But if I was stuck with DITM CCs, I will have to make the difficult decision at 163.5 to cut them all or risk getting left behind. Your choice.
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