ADVICE REQUEST: Still holding my $TSLA 500CALL exp 9/25

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up300konngz

I paid $5K for this position. I plan to sell ahead of battery day. Or on battery day...

This call has went to like $60 all the way down to $6.50...and now is at around $20, i believe. Id be satisfied to get atleast $4K back out of this. I can eat the lil $1K loss.

Im wondering when would be the best time to sell this call. I had dreams of making to $750 and making $20K on this trade(yes I know Im a dumbass, but I didnt even look at the chart before buying), but I know that dream is long gone for this option. I just want to get out and minimize my losses.
 
"...“One topic we’ve seen a lot of conversation around of late is Elon Musk’s plea with miners for environmentally sustainable sources of nickel and other battery metals,” he says.

“The reality is that increased demand and rising commodity prices will be what drives investment in sustainable battery grade metals. But innovations like Nano One’s can also address this need by pushing cathode waste streams back to the refiner where they can be properly recycled and by integrating with raw material refiners to consolidate the supply chain, eliminate waste and provide cost effective and environmentally sustainable materials.”

And where does all this power to create the batteries, and to recycle the metals come from?

Why, it comes from the plug.
 
up300konngz said:
I paid $5K for this position. I plan to sell ahead of battery day. Or on battery day...

This call has went to like $60 all the way down to $6.50...and now is at around $20, i believe. Id be satisfied to get atleast $4K back out of this. I can eat the lil $1K loss.

Im wondering when would be the best time to sell this call. I had dreams of making to $750 and making $20K on this trade(yes I know Im a dumbass, but I didnt even look at the chart before buying), but I know that dream is long gone for this option. I just want to get out and minimize my losses.
More...

The closer you are to expiration, time decay is the fastest. If you paid $50.00 or $5,000 and now is around $20.00 or $2,000, you have lost $3,000. Odds are against you. This is an out of the money call and you are $57.85 away from $500.00. Your breakeven price is $550.00 on the stock. Out of the money options are cheaper for a reason. Look to get out and save your capital, the soonest. Each day you wait is probably, going to cost you more monies.
 
Overnight said:
"...“One topic we’ve seen a lot of conversation around of late is Elon Musk’s plea with miners for environmentally sustainable sources of nickel and other battery metals,” he says.

“The reality is that increased demand and rising commodity prices will be what drives investment in sustainable battery grade metals. But innovations like Nano One’s can also address this need by pushing cathode waste streams back to the refiner where they can be properly recycled and by integrating with raw material refiners to consolidate the supply chain, eliminate waste and provide cost effective and environmentally sustainable materials.”

And where does all this power to create the batteries, and to recycle the metals come from?

Why, it comes from the plug.
More...
Completely off subject, F.
 
I opened a similar thread few days ago.

First thing you need to ask ET members , if they holding any position themselves ? if they have Long position, they tell you should not be Short, and Vise vera. Comments are very Biased, be careful advice is coming from who and why?
 
up300konngz said:
I paid $5K for this position. I plan to sell ahead of battery day. Or on battery day...

This call has went to like $60 all the way down to $6.50...and now is at around $20, i believe. Id be satisfied to get atleast $4K back out of this. I can eat the lil $1K loss.

Im wondering when would be the best time to sell this call. I had dreams of making to $750 and making $20K on this trade(yes I know Im a dumbass, but I didnt even look at the chart before buying), but I know that dream is long gone for this option. I just want to get out and minimize my losses.
More...

I don't play options, but seems to me you listened to hype from Public. I had short 50 Shares @408$ and later added another 50shares@445$, but i made a mistake closing at break even $445$ and closed another 50@422$ ...But tesla went down to 410$ i could have made 1250 profit, insead i took $800 Loss. because later i came to know all comments from ET members were biased, but Majority were long.

Next time trust the chart, not public. I have no positions in Telsa now, it will either goes down to around 300 or do sideways for sometimes. But Tesla maybe go up, but to $750 anytime soon, no way !!

I think you was daydreaming, there is no free lunch as majority public wants to make easy money of Tesla.
 
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My best advice to you get out, and just take a long side, and if stock drops avarage down 25 shares for every 50$ tesla drops as example or avarage upside on every pullback. Problem with Options is that you have to buy 100 shares at a time (1 contract), that's too heavy. Options are not always better than buy stock shares. remember this. because you can't add and avarage .
 
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TradeTune said:
I opened a similar thread few days ago.

First thing you need to ask ET members , if they holding any position themselves ? if they have Long position, they tell you should not be Short, and Vise vera. Comments are very Biased, be careful advice is coming from who and why?
More...

You are right. When traders take a position, they have analyzed the trade and come to a conclusion on what direction a stock for instance is going. That said, there is no guarantee that they are going to be right anymore than being wrong. To assume you are going to be right on every trade is a very costly, assumption. More likely, it is a 50/50 proposition. That is why you have stop losses. Trading is also, a game of percentages. You do not know ahead of time which trade is going to be a winner and a big winner at that. Most times, the trades you did not think was that good of a trade turn out to be big winners and the sure trade you thought it was turn out duds and big losers. Traders have no control over the outcome of their trades. Only thing you control is the risk to your capital. That you have 100% control and should protect at all times.
 
I do not judge you for your bias (long TSLA) but what I can tell you now is - there is no repair. And for the future - if there is a craze going on for a stock, stay far away from it. Those who have the money to play the game manipulate everything, from the chart to the news. Seek for boring stocks instead.
 
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