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17106703 No.17106703 [Reply] [Original]

>tfw I bought a my first option
>got a Tesla Put on Tuesday and it did around a 4x
Do I keep holding this Put or sell?

>> No.17106795

Find out for yourself. That's what all the fun is about!

>> No.17106853

>>17106703
well youve got until next Friday and id wager TSLA will drop to $600 at least
Im also holding puts for next Fri but with a 625 strike

>> No.17107274

>>17106703
Here's a genius idea: you can buy puts and calls AT THE SAME TIME.

>> No.17107762

>>17107274
Genius

>> No.17107792

>>17106703
sell it asap it's in profit I would say
that's the rule of thumb buying shortterm options

>> No.17107793

>>17107274
That means you break even, lose severely on both, or win just a little bit overall

>> No.17107811

>>17106703
Sell calls
Can't go tits up

>> No.17107897

>>17107793
incorrect as long as one ends up higher than 100% and of course this is assuming you invested the same amount in each one.
e.g. 1000 in calls and puts at; calls go to 0 and expire worthless but puts went up 400% because you were trading risky shit therefore you're up overall.

>> No.17107964

>>17106703
I think it'll drop more tomorrow, but then start pumping again on friday evening, pump monday, then take a huge dump in the middle of the week

>> No.17107989

>>17107793
or you can buy puts with a delta hedge

>> No.17107990
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17107990

>>17106703
Could you please explain how this works to a total brainlet? Seems like easy money

>> No.17108059

>>17107990
I am essentially betting that Tesla stock will go to 670 or below by 2/14. Money is easy come easy go but I essentially am shorting from the top.

>> No.17108140

>>17106703
sell now

>> No.17108504

>>17108140
I’m riding it to 0 or 15-20k. Not a pussy

>> No.17108531

>>17108504
learn about time decay
you are gonna lose so much even if tsla just stays at the same price

>> No.17108574

>>17106703
>>17107274
This
Strangle TSLA

>> No.17108593

>>17108531
>lose money if the most volatile stock in the market stays the same price
I should be good then anon. Yolo

>> No.17108595

>>17107990
options are like leverage on crack

>> No.17108623

>>17108504
Riding it to 15k? Why don't you have any calls then

>> No.17108667

>>17108623
Because it is going to 500