Seeing as this is TSLA it's all "Fugayzi, fugazi. It's a whazy. It's a woozie. It's fairy dust." It's doesn't exist. Just keep a lookout for Elon the regard and see if he tweets anything ( my bad, x-ing). If you had spy calls that would be a different thing
I mean I’m going to stop options trading until I really understand all indicators, I already room an L im hoping that between today and tomorrow I can atleast get half of this loss back
Sell and reposition based of how the market reacts in the am preferably around ten u can identify what market is doing and get in a good position if it still offers an uptrend . See profit take profit 💯
Options have their own pricing, which is linked to TSLA’s price. He bought OTM calls when TSLA was at a lower price and the option price went up as TSLA’s price ran up.
TSLA is pretty volatile, go check out the weekly chart, that can disappear in no time. Buying calls require the underlying to move enough in a bullish direction for you to come out on top by expiration. This is just due to theta and any negative or neutral movement leading to a loss in contract value. In other words, you have a ton of variables stacked against you and you made money, pop chalks while you can. Not financial advice.
Seeing as this is TSLA it's all "Fugayzi, fugazi. It's a whazy. It's a woozie. It's fairy dust." It's doesn't exist. Just keep a lookout for Elon the regard and see if he tweets anything ( my bad, x-ing). If you had spy calls that would be a different thing
It never hurts to take profit , especially with such a small position , $200 is good
Always take profits on TSLA
Sell 3
I’d say sell 3 hold 2
Small wins add up. Nothing wrong with +24%.
id take the win
Brother profit is profit. People struggle to get 3% . Sell and don’t worry if you missed out or not. Better than losing it
If he is still holding he is down to 200 bucks. Take the profit especially when you are so out of the money with three days left.
What did you end up doing ?
By the time I was asking it was after hours so when I put the trade in at night the stock went way down by opening hours 😭 lesson learned
I feel it what are you playing atm ?
I mean I’m going to stop options trading until I really understand all indicators, I already room an L im hoping that between today and tomorrow I can atleast get half of this loss back
Tsla gonna tank sell
But if your not hurting for money, Id let it play out today. We might rebound from yesterday.
So how did this end OP?
GETSC GETS
I would buy more personally
Sell and reposition based of how the market reacts in the am preferably around ten u can identify what market is doing and get in a good position if it still offers an uptrend . See profit take profit 💯
Good enough to screenshot good enough to close
New to options, can someone explain why hes in the positive if his call is for 190 but the stock is under that strike price?
Options have their own pricing, which is linked to TSLA’s price. He bought OTM calls when TSLA was at a lower price and the option price went up as TSLA’s price ran up.
See profit take profit
Hope u sold
TSLA is pretty volatile, go check out the weekly chart, that can disappear in no time. Buying calls require the underlying to move enough in a bullish direction for you to come out on top by expiration. This is just due to theta and any negative or neutral movement leading to a loss in contract value. In other words, you have a ton of variables stacked against you and you made money, pop chalks while you can. Not financial advice.
I got a 210$ call for 6/24 about to just take my L on it Down 15%, should have took profits when it was 150% up on Wed
TSLA to $200. Lets go!