01-09-2020, 07:01 PM
(01-09-2020, 10:10 AM)Otter Wrote: I have decided to try my hand at living dangerously. Considering buying a March 2021 TSLA Put with a $300 strike price.
My last 500 or so option positions have been sales because I insist on being the house, but I have to admit that sounds like fun. If you are a stock market addict, you have no choice but watch the TSLA show. I just don't know what to think anymore. There is no doubt TSLA is insanely overvalued, but Elon is keeping the dream alive. The China move was smart. It will keep the show going a good while longer. The cult reminds me somewhat of the bitcoin crowd. They overall market doesn't rattle them much.
On another subject I have effectively shorted DE about five times the past few months. Not really a short, but a vertical call spread so the potential loss is very limited. I'm only profiting about $100 to $250 so not a big bet. I got out a couple days ago and won't re-enter unless it runs on the trade deal signing.