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Boildown

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Boildown last won the day on September 18

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  1. Did not get low enough, but I did sell a bunch of puts that will likely expire worthless (which is good) for this week and some for next week (less certain of them expiring worthless, but probably).
  2. Oh yeah the afterhours market is selling TSLA hard from this overhyped Battery Day. Huge drop the moment it became clear that the presentation was over and the Q&A began and there was nothing immediately relevant they're announcing. Will be looking to buy back in if it gets low enough tomorrow.
  3. Welp its battery day. I think the stock is overhyped and I'm not in. I think the drop last night when Elon tweeted to tamp down expectation was a preview of the upcoming sell on the news. Probably won't be as bad as the S&P 500 miss thing though.
  4. Not I, waiting on reviews. I know they'll be good but I always want to wait for the gotchas to be discovered first. I do see on social media though that Newegg's entire stock sold out in less than 5 minutes.
  5. Sold a lot of cash-secured Puts this week and for next, with strikes between 340 and 320. Looks like this week's "probably" won't be assigned, next week is the runup to Battery Day so I feel safe about them too. But I'm kinda mad that Tuesday was the only chance to buy TSLA outright at a reasonable price... I did not anticipate the stock to rebound that fast, especially as afterhours was also down. Now hoping for more down days or a sell-off after Battery Day (it happened after Autonomy Day) to buy back in... I'd really like to not buy back in at today's levels... it still seems grossly ove
  6. TSLA not added to the S&P 500 at this time: https://www.cnbc.com/2020/09/04/tesla-falls-after-sp-500-adds-etsy-and-two-others-bypassing-carmaker.html Check the TSLA after-hours chart at 5:15PM for today (Friday).
  7. https://www.anandtech.com/show/16057/nvidia-announces-the-geforce-rtx-30-series-ampere-for-gaming-starting-with-rtx-3080-rtx-3090 In the RTX 20 series, the 2080 Ti was way ahead of the rest of the pack, even one step down, the RTX 2080 (Super or not) didn't come close. But in the 30 series, even the RTX 3070 looks like it might have better performance than the 2080 Ti. If true, this will be a revolutionary GPU. I plan to buy at around the same time or maybe slightly before the next Ryzen CPUs come out end of year. I think the best plan will be to order when the Ryzen release d
  8. I'm actually out of my TSLA shares. I think they're way overvalued. A 3-week long short squeeze on news that doesn't fundamentally change anything about the company's long term valuation. I may regret this, but I definitely think these shares are coming back down fast at the next disappointment, whenever it might come and whatever it might be. Multiple chances coming up, starting with the S&P 500 thing, or Battery Day. I think both these are built into the stock price already and the one characteristic we know about short squeezes is when they stop, the stock comes back down swiftly.
  9. https://ir.tesla.com/news-releases/news-release-details/tesla-announces-five-one-stock-split Five for one split! Good news, options trading will be a lot easier. Won't need to risk margin to do cash-secured puts any more. And the after-hours price jumped $80 on the news just now. I have been doing cash-secured puts anyways, just with a very conservative strike. I can probably be more aggressive with them and risk being assigned shares after the split. Same for covered calls, which I've only done once on TSLA (but was quite nice when it expired worthless).
  10. So with an hour left of trading Friday we can tell that TSLA is very likely going to end the week somewhere between 1400 and 1450. My straddle would certainly have lost money had I done it. The only way out is if I had the foresight to close out the option right before earnings when the stock moved close to 1700, but that's unrealistic to think that I might have done that, I'd certainly have waited until after earnings hoping for the stock to go up, but it didn't. It was a really useful exercise though, I saw for the first time how the implied volatility changes before and after earning
  11. Had a new idea of just buying the down-side protection... a hedging put option. A relatively inexpensive one, not one at the money. That way if the stock goes up after earnings Wednesday I make money from the stock I own, if the stock goes down (they don't post a profit or there's no surprise and people sell on the news) I make money from the stock going down (but not more than I lose in stock price value). The way I lose the most money is if the stock goes down slowly and not enough to get to my strike price. But considering the recent unprecedented rise in the TSLA price, it seems like i
  12. So that's 3 very ho-hum days in a row for TSLA, which lowers the volatility which means the options are less expensive (also, 3 more days makes them less expensive, maybe all of it is accounted for by the days going by). That said, doing the Straddle still costs $22,496 according to the midpoints on the calculator linked above. And I'm not about to spend that much even if I think it might win... that's a just a huge portion of what I have. Risk isn't worth the reward, for me. Maybe if TSLA did a 10 to 1 split I'd be willing to risk 1/10th that (and then be rewarded 1/10th if I'm right)
  13. Ok, so I just plugged the numbers into here: https://www.optionsprofitcalculator.com/calculator/straddle.html And its way too expensive. I'm not going to do it lol.
  14. Might be time for another straddle/strangle play ahead of earnings July 22nd. https://www.fool.com/investing/2020/07/10/why-shares-of-tesla-jumped-friday-afternoon.aspx The stock is stupid high, and earnings are only a few business days away. If they blow things away in earnings the stock could go even higher, or I think there's an excellent chance people will take profits on the news. Things have been super volatile and that makes the option play expensive, but if the stock levels out next week that'll reduce the volatility enough to make it affordable. I'll be looking for a ho-
  15. Its been a year since the last post on this topic. It, from my USA-centric perspective, hasn't been kind to HK. Are you considering moving to Taiwan yet? Or do you have eligibility to move to any other country? Because I think I'd be getting out right around now, if I were you. https://www.rawstory.com/2020/07/hong-kong-set-to-become-a-new-tibet-says-exiled-leader/ https://www.youtube.com/watch?v=9bTIHGcwkDg&t=252 https://www.youtube.com/watch?v=9R3wFZnPjVI&t=190
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