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AutoModerator t1_j2936jr wrote

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VisualMod t1_j293750 wrote

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0x11C3P t1_j294irk wrote

What an odd way to ID it. I figured it would say 3022P123 instead of C.

Don't mind me.

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stockrot t1_j2987s5 wrote

that 123 TSLA put ,needs an update

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sermer48 t1_j29pk67 wrote

Max pain is $124 and there are a lot of outstanding options img

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stockrot t1_j29q99l wrote

Godspeed OP good luck .I have a funny feeling the market is going to run up and finish green this afternoon

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admiralmav t1_j29z5oy wrote

YOLOing it through your balcony in cash would've been a better decision

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gypsies232 OP t1_j2a01rg wrote

Replying to Kamikaze_Cash (#1,190,935)

I tried joining earlier this year but I lost my entire $100K account selling TSLA call spreads. Probably should start with $50 next time and not sell calls on a stock that’s mooning either. Oh, and position sizing is important.

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Kamikaze_Cash t1_j2a2clm wrote

Replying to gypsies232 (#1,190,972)

Yeah if you’re putting $100,000 into a credit spread, you can lose all of it by expiration. You can blow yourself up just as fast as with FDs.

Try doing some 30/16 delta iron condors first.

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reddituseranyonymous t1_j2a9u20 wrote

Good luck. Im down like a million dollars from Nov 2021 highs because I kept betting the trend would reverse.... instead of quiting and following the trend at some point.

And/or listening to the crap advice I got from Morgan Stanley- and not cashing out my calls and buying QYLD. Id have lost a lot on QYLD but Id still have a bunch of Tesla shares and have a second income stream instead of holding my calls to zero then losing more trying to makeup the losses

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reddituseranyonymous t1_j2abm09 wrote

Replying to gypsies232 (#1,193,508)

Im still salty about it. My account grew steadily all 2022 late September I made some small bets on Tesla rising into Q3 earnings and larger bets for Nov/Dec calls. Tesla went up 50% in a month. I made like 600k in a month. Mostly options, some $TSLA.

I considered closing the options, paying off my bit of margin - then doing something with the remaining cash but I had no idea what to do with the cash. Asked about buying QYLD was told not too- didn't. Monday Elon asked Twitter about Taxes. Tesla dropped 90% since

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kin_cyber t1_j2acck5 wrote

Tsla is making zero movement. Are you okay?

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elegance-etc t1_j2ad2t4 wrote

How much shares is this? I’m new to stock

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gypsies232 OP t1_j2anw21 wrote

Replying to hash303 (#1,196,664)

Oh yeah Merrill wouldn’t let me close because it’s a day trade and so I was on hold for 2 hours and it closed worthless so yeah fuck me right? Ready for next year

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Altruistic-Rice-5913 t1_j2bei52 wrote

Bring some to 🍀$GETR🍀 its wayy oversold beaten down by shorts. Cheers 🍻 Happy New Years 🚀✔️

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AlfredKinsey t1_j2c43p7 wrote

Replying to gypsies232 (#1,190,972)

In the future: it’s easier to deal with high liquidity, low price (like literally small number), and narrow strike differences in your spread, especially when you first start. The whole point of spreads is to reduce risk, but a $900/share stock with $5 spread strikes is always going to require a lot of risks.

It’s also not a great idea to be risking 100% of your account. I only revolve about 5% of my portfolio through theta strats.

Also, don’t continue digging into a losing strategy, just loose and walk away.

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AlfredKinsey t1_j2c4zsk wrote

How are you feeling, OP? Last gape of 2022.

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reddituseranyonymous t1_j2drsuq wrote

Replying to Varro35 (#1,221,834)

I dont have a broker you smooth brained regard. I am blaming the broker I talked to at a major firm for being a fucking idiot.

Any broker worth a shit would have told me to take some profits and offered to set up a meeting. He didn't. That's like sales 101.

Hell if any of my friends had asked me what to do I would have told them to take profits and offered to help them figure it out and I am not even a broker.

You probably couldn't sell a cardboard box to a cat

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reddituseranyonymous t1_j2dtegv wrote

Replying to Varro35 (#1,227,314)

Doubt. Even if you're not lying Its irrelevant. The sales man I talked to told me not to worth with him when he had the opportunity to make some commissions. Hes bad at his job.

Hopefully youre better at sales than you are at reddit

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Careful_Ad8239 t1_j2dttge wrote

I can probably turn that around by selling. Usually it does exact opposite when I get involved 🤣 who wants me to save Tesla?

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