Sure is. I own 3100 shares and have committed them all to calls originally at 250 then 300 and then scrambled to 320 in med January.
Worst yet when Tesla was at 200-220 days before the election and my call of 250 the Friday after looked boring and safe? Like no chance of the stock going beyond?
I jumped the gun and sold 31 calls covering my 3100 shares AGAIN. How many times have you heard me say I’m never going to do this again and I always do it again? And it’s always Tesla that screws me. Anyway I sold it at 300 at the time. And had to quickly scramble that.
So in order not to lose my shirt I had to double down. And extend both. Usually you have to do one or the other. I was upside down hard here. And the volatility of the moment made it even more expensive. The spreads were greater than they normally are. Soooooo I bought it out at 300 and resold it for March at 350 AND now sold 62 or walked 6200 shares.
So if you are keeping score at home
I own 3100 shares. Bought at $230
I have calls on all 3100 Jan 17 at $320.
I also have calls on 6200 which I don’t even own in March at $350
So yeah. San Clemente is nice to think I have pelosi luck but this is the stuff that gives you heart attacks, aneurysms, and an early death. If things turn around, I’m OK if things stay the same I’m OK if Elon cures cancer and that stock resumes its run you might read of me jumping off a building.
lol, I know man. I’m the guy that swore off stocks and kept my promise for 7 years. Then I got pulled back in. That morning buzz as I log onto my investment portfolio in the morning is not from coffee. Coffee can’t do that. I’m long on Tesla but I should have requested a check and didn’t. Now I’m in this room. Oh well, easy come, easy go. At least one of us is going to make money. It’s my turn again though.
Sure is. I own 3100 shares and have committed them all to calls originally at 250 then 300 and then scrambled to 320 in med January.
Worst yet when Tesla was at 200-220 days before the election and my call of 250 the Friday after looked boring and safe? Like no chance of the stock going beyond?
I jumped the gun and sold 31 calls covering my 3100 shares AGAIN. How many times have you heard me say I’m never going to do this again and I always do it again? And it’s always Tesla that screws me. Anyway I sold it at 300 at the time. And had to quickly scramble that.
So in order not to lose my shirt I had to double down. And extend both. Usually you have to do one or the other. I was upside down hard here. And the volatility of the moment made it even more expensive. The spreads were greater than they normally are. Soooooo I bought it out at 300 and resold it for March at 350 AND now sold 62 or walked 6200 shares.
So if you are keeping score at home
I own 3100 shares. Bought at $230
I have calls on all 3100 Jan 17 at $320.
I also have calls on 6200 which I don’t even own in March at $350
So yeah. San Clemente is nice to think I have pelosi luck but this is the stuff that gives you heart attacks, aneurysms, and an early death. If things turn around, I’m OK if things stay the same I’m OK if Elon cures cancer and that stock resumes its run you might read of me jumping off a building.