Moron . Naked put options otm Friday. BUT stock price went down after hours...interactive brokers

[destriero]

Monday will probably be another risk off day imo. Cryptos are down big time over weekend so far...

BTCUSD is trading where it was when the S&P news hit the wires.

 

[Overnight]

No, he's got a an additional day of lost decay. You really think futures are going to open higher on Sunday?

I no longer "think" when trading futures, because I am a meat popsicle. But I remember the last holiday, Independence day, and the futures drifted higher while NYSE was sleeping.

As for the decay deal, yeah, I don't ever remember shit like that...Theta and stuff? If I were a smart man, I would be figuring a way to hedge my outright micro future risk with the new CME micro options.

Thus, I am not a smart man.

 

[destriero]

I no longer "think" when trading futures, because I am a meat popsicle. But I remember the last holiday, Independence day, and the futures drifted higher while NYSE was sleeping.

As for the decay deal, yeah, I don't ever remember shit like that...Theta and stuff? If I were a smart man, I would be figuring a way to hedge my outright micro future risk with the new CME micro options.

Thus, I am not a smart man.

How is trading vol on micros, pre-mkt, going to help the guy?

NQ was still trading when the news hit and they traded 80-90 lower, but no idea where it will open. My guess is 100-120 below the NDX cash close.

 

[JamesJ]

BTCUSD is trading where it was when the S&P news hit the wires.

Right, not so much down since then.
IG has tradeable Dow quote of 28021/28045, down a little to fridays close.

You can watch tesla in european markets to get an idea where you stand. Maybe you could even hedge with european tesla shares... Not sure wether IBKR allows this margin wise...

 

[Overnight]

How is trading vol on micros, pre-mkt, going to help the guy?

NQ was still trading when the news hit and they traded 80-90 lower, but no idea where it will open. My guess is 100-120 below the NDX cash close.

I think we have some crossing in this thread. I was responding about pointbob's "stock", and somehow crypto came into the mix. I was not suggesting the guy traded micros to help his stock position...I was just pontificating how maybe if futures were pointing up on Sunday evening/Monday, his position might be salvaged come Tuesday?

 

[Amun Ra]

would buying a covered call help stem some of the losses?

Only if TSLA goes up next week. What if it shits the bed next week and drops another $50 which it easily could do?

 

[pointbob]

Clearly the Mms saw this one coming. I'm not saying insider info - but why on earth (in retrospect) were OTM put premiums so high on Friday? 3 mins before close the bid on the 405 puts were .60 and the ask was 1.50. And the stock was at $418. Should have been .10. Someone was making large bet that S&P were not adding TSLA.

Wish i knew. phuk.

 

[traderking007]

Im short tesla and long nikola and its working out great. i would get out asap or hedge with single stock futures on eurex if u can add that exchange fast enough. china may threaten tesla as i alluded to before. if china uses tesla as a bargaining chip for tik tok etc then tesla could drop another 20% in an hour. that would be an event shock for sure would screw with a lot of models

 

[FSU]

At the close Friday, the expiring TSLA 410 puts were 3 bid and they were more then 8 points out of the money. There was no cheap covering of expiring options in this stock on Friday.

 

[pointbob]

thanks for all your replies. i'm coming to the conclusion i'm screwed. I find it amazing that my wife has always said the stock market was "fixed"...always trying to screw the little guy.
Well here i am.