Tslynk67
Well-Known Member
Dang! You weren't bullish enough to make the real money! But that's the way it goes with stock or options trading, no one gets all the profit, all the time.
I have noticed a trend regarding TSLA traders. The more bullish traders seem to make the bulk of the profits. This is how it tends to go with traders of companies that are more productive and more innovative than average. I expect this trend will continue for at least another 5 years. These are the companies that it's especially profitable to buy and hold over longer periods of time rather than having an itchy finger on the "sell" button.
Erm, how can you be bullish selling covered calls, by definition I'm betting the stock won't rise too much? As it was I took a strike that I thought was OK not to have my shares called away - which looks OK now, but a couple of days ago wasn't the case.
If I buy calls then I'm very bullish - I've made big bucks on LEAPS over the last 9 months, and expect that to continue.
I am bullish with the puts I sell too - I have one for today at $875, if it exercises I'm 100% certain I can sell those shares next week for profit, or sell an aggressive ATM call at the beginning of the week.
Full disclosure - last Friday I sold an $815 put for today, closed it on Wednesday for 99% profit and then sold the $875. "Money for old rope" springs to mind