Drowning deep underwater TSLA SEP25 470/460 Credit Spread

[destriero]

Well, that's why dest was advocating not trying to repair. As all "repairs" would take on additional risk so it's not really a repair.

"unrealized loss" is the worst con in trading / investing

Right, most often the repair is simply another (in this case) long vertical. The mkt has dropped too much to short deltas, so they compound the error by adding delta or duration, or both.

Reduce the risk. It's why the short 70/80 call spread is really the only trade here that makes any sense. You'll get a good price at the open.

1. Don't go further out.
2. Don't add risk.
3. If in doubt, get out.

 

[DeltaOneFutures]

any insight or suggestion is greatly appreciated.

Hey @ITM_Latino,

I'm sure you appreciated @destriero giving you the benefit of his decades of options experience in your TSLA trade. Unfortunately, Elite's owner @Baron has removed his ability to "block" trolls and nonsensetalkers, so the help you received won't be available to others in the future. Please let @Baron know if you've any feelings about this. For my part, I'll no longer participate on a website which is ostensibly for traders and yet actively makes life harder for the handful of people who are successful industry practitioners. For the others, anything goes.

cc @globalarbtrader - if you'd like to speak up on behalf of those who are providing value here and who may find a "block" feature useful.

 

[qlai]

Unfortunately, Elite's owner @Baron has removed his ability to "block" trolls and nonsensetalkers, so the help you received won't be available to others in the future.

That would definitely suck. @Baron, not even a poll thread on this decision?

 

[Baron]

https://www.elitetrader.com/et/threads/wtf-happened-to-the-block-function.350063/#post-5203879

 

[NoahA]

ostensibly

There is only one other trader here who uses this word.... Hmmm...

 

[DeltaOneFutures]

There is only one other trader here who uses this word.... Hmmm...

That was intentional.
I'm not him and he's not me.
And I didn't have the full story.
Thanks for explaining @Baron

 

[taowave]

Hey guys,on a related note I am curious to how some of you would trade TSLA pre battery day..

Choice A) 9/25 565-640-700 1x3x2 split strike call Fly Trades at 1.60 debit.

Choice B) 10/16 Long 1 620 call + Long 640 call Short 5 800 strike .20 credit.
(I call it a 1 x2.5 spread)

FWIW,I had the 9/25 575-800 1x3 on for even,took it off for 80 cents. DISGUSTING!!

I have both on at better prices,so you can not hurt my feelings

 

[up300konngz]

welp my $TSLA 9/25 500CALL is worth more than $6.50/share now. debating if i should hold until BATTERY DAY and sell ahead of it or not.

i know next week time decay is gonna be serious...but BATT day is on TUES...so hmmm...

 

[destriero]

I was down on the day until AMZN bailed me out with some garbage puts in QQQ at the close. I bot shares to trade it flat into exp. Thanks TSLA, AMZN and QQQ.

 

[traction]

I was down on the day until AMZN bailed me out with some garbage puts in QQQ at the close. I bot shares to trade it flat into exp. Thanks TSLA, AMZN and QQQ.

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Hi Dest,
How do you determine where the stock price will be at your chosen target date? Is it technical analysis, fundamentals?