Had to manage some weekly options after that. Fucking institutions. I'm still an options amateur, but at least this week I'm not losing money when it blows up $13 in a day.
Made a relatively big move today. Also tagging
@666,
@Lord Mayo and
@Beers because I think they're into stocks.
I never sell any TSLA shares. But the opportunity that appears to be coming was too tempting.
Sold 100 TSLA and bought June 2025 $220 and $280 calls. Leaves around $15k from the sale.
If a $500 2025 price target is correct, selling the $280 call at expiration will equal the exercise price of the $220 call and I'm back where I started as far as having those same 100 TSLA shares, plus I have an extra $15k to buy more options around the 10/10 Robotaxi reveal.
Also considering buying a single NVDA September call in the $130-135 around earnings.