F it. I didn’t get here without gambling. TSLA $850 puts

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Posting as :
works at
You are currently posting as works at

Probably goes to $50 but premiums inflated and theta burn will take these Low quick

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See, this was a high probability play but headline risk too high.

F

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Out. $24 to 33

Damn.

What exp? I would’ve been tempted to hold that

Exactly what I want to do

Buying when you did probably didn’t make a lot of sense, consider the Vega premium that was contained in the price

Premiums were inflated probably 3-4x fair market value so that approach doesn’t work. Did I expect to get down to 825, no. I was playing for the swift pullback based on the swift movement up. Gut play based on my years in the market

Puke haha

Well boys, that is a 10k per contract play. Not common or heard of. I only got 10% of the move

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Additional Posts in Option Traders & Investing

OP, how'd you make out this week?

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Which UVXY calls should we be targetimg

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So I am late to the party and honestly didn’t expect we will go down so much. I have 5k. Any plays on puts? Or just sit out till we stabilize?

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Obviously the time to sell was in November 2021 before the massive decline due to the anticipated hikes in interest rate and reduction of Fed balance sheet. For those who have been through multiple declines like this, curious to see if you’ve changed your approach from holding for the long term to taking profits and getting back in during crashes like this?

In hindsight, I feel like taking some risk off and building cash to buy at these prices would’ve been better. Even with a ten year horizon

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Too many folks are saying this was the fattest dead cat bounce of all time. Yet others are pitchforking in the streets saying we’ve already hit the bottom. What’s your take 🐠

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