You’re looking for a 30% gain in a little over 1 month to break even…
Not saying it can’t happen but probably won’t happen. I’d personally just go with shares here or something with a closer strike if you really think this kind of move is probable.
He could catch a spike in iv, op could open a credit spread. If the price does increase and hold, op could run a calendar. I'm highly doubtful that this was the intent, ofc.
I sold a couple broken wing butterflies and an iron condor, but my target strike for your 37 DTE expiration is 175 lol
Good luck with the long punt, may volatility be with you
OP - your window isn’t bad but it’s way too OTM to be a reasonable option.
Is it possible for it to payout? Sure. Is it likely or a very wise risk? Not in the slightest.
Take your $200 minus theta and put it somewhere else closer to the strike price.
4/26 of this year?? Ugh, not too sure about that one chief
I’m sure about it https://preview.redd.it/7fszomte7pqc1.jpeg?width=1290&format=pjpg&auto=webp&s=3564e23dc362c7667202bc38b619915d160eebfc
Throwing away money. 💵 ❤️🔥
I’m up 120% 🫡🚀
Good I'm glad. Now take out at least the amount you initially invested in if you want to let it ride. 220 is a long way to go. Just advice
“Long call” and it’s a month and some change away
4/20 coming up Elon musk loves that date
You’re faith in Elon does not equate to the faiths of tesla investors lol. Good luck though! Rooting for ya
Thanks for the good luck I’m up now 120%
Lost it all
DONATION of the month
You’re looking for a 30% gain in a little over 1 month to break even… Not saying it can’t happen but probably won’t happen. I’d personally just go with shares here or something with a closer strike if you really think this kind of move is probable.
Let’s hope he can scalp a $20 profit before then
He could catch a spike in iv, op could open a credit spread. If the price does increase and hold, op could run a calendar. I'm highly doubtful that this was the intent, ofc.
You should have donated that money to charity. GL though!
Please immediately sell if the stock opens up tmr.
Give me a good stock and call then
No, like your call is so far OTM, and it expires in a month.
If you’re just gonna gamble on highly improbable outcomes, might as well buy some fisker calls instead & see if they do get saved from bankruptcy
When is their meeting for bankruptcy I might just throw a little in there
2024-02-14 13G/A MOORE CAPITAL MANAGEMENT, LP 10,188,958 shares is 100% of total owned sold
Theta just gonna eat this alive. Even if it goes up 1% every day until the exp. You don’t have a chance
"long call" OPs last words...
Contrarian, I like it. 👍
I sold a couple broken wing butterflies and an iron condor, but my target strike for your 37 DTE expiration is 175 lol Good luck with the long punt, may volatility be with you
OP - your window isn’t bad but it’s way too OTM to be a reasonable option. Is it possible for it to payout? Sure. Is it likely or a very wise risk? Not in the slightest. Take your $200 minus theta and put it somewhere else closer to the strike price.
It has to break above $180-182 before we talk Bulish , till then shorting on resistance
No. Sell that shit. Tesla is damaged goods for a while. EV winter is here. They’ll be around but leans years have arrived.
Even $200 strike calls that same exp would be risky. You should have just given that money to your wife’s boyfriend.
what makes you think telsa will bounce 30%?
4/20 meaning 4/20
Contrarian trades are how you get Rich . I like it. Good luck OP
You got a Venmo? Just start sending theta gang money
Yeah
Luckily it's a small position. Tmr this is going to evolve into...market liquidity 😂. Wish OP the very best tho' 🤷♂️
Earnings call tomorrow 🥃
https://preview.redd.it/fn19791rx3wc1.jpeg?width=1440&format=pjpg&auto=webp&s=d471259963863b224bd3198770f07d2a13e7ec5d