i sold put option on Tesla on 490 expires on March 20. I don't have too much cash to buy back. What's the alternatives? Thank you so much.
How to get out of Tesla short put positon
- Thread starter tradejoe8888
- Start date
Either way, you will take a very large loss unless, TSLA goes up. If you do not have cash, you will get a margin call because you have a liability to sell TSLA at $490 and that will be exercised. There are 4 trading days left. I do not know if your broker will wait that long. If TSLA continues to go down, the losses will pile up.
will be a good idea to buy back and sell for the lower strike next week?
- You do have enough cash to buy TSLA?
- I assume you would need enough margin to open such a position in the first place.
- Some people have come up with the idea of: short put > covered call > short put > covered call > repeat.
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will people willing to sell their Tsla stock at 490 now?
why are these posts always made by some 2 or 3 post turkey????
are they trolls, or existing users afraid to admit a loss ??
are they trolls, or existing users afraid to admit a loss ??
ans: dont sell puts
and if someone on reddit tells you to, tell them gfy
and if someone on reddit tells you to, tell them gfy
Absolutely not, unless you can afford to loose more.