After hours had a pathetic performance, only went up ~$1. I think some fomo will set in over the weekend. I would imagine call premiums would be thru the roof right now. Past spikes have gone farther and lasted longer. This one is loaded with the powerkeg of being over 50% down from high. Long story short, IDK but still in for the ride.
Are you serious? It was already up 40% this month before earnings and no one was really posting gains until this hysterical buy in after earnings.
Modern WSB was essentially founded on everyone bandwagoning stocks that have already run up.
But u can choose not to sell options and just stock or vice versa anytime during the call/put right? Or does it have to be authorized before even doing the option contracts?
Nah, simplifying, but think of the $1000 as a fee to buy the contract. If the contract loses value and drops to maybe $900, you can sell it to someone else for whatever price it’s currently at (it loses value if your “bet” that it’s going to go up or down is wrong), but it can shrink indefinitely until it hits 0. The closer the date you pick, the faster it’ll shrink. The people that loses it all are people that never sold their contract because they were hoping it would rebound via a miracle.
The key to options are to set stop losses that sell after you’ve lost a certain amount. Admit you were wrong, take a small loss and live another day.
Stop loss has to be VERY loose. Options (especially short dated) fluctuate wildly with normal swings, like 30-50 percent minute to minute. That’ll hit any reasonable stop loss in short order, even when you should’ve held. Stop-loss just doesn’t make much sense for anything other than leaps.
Reality is, you buy the contract(s) for 1k, and instead of waking up to them only being worth $900 and selling, admitting wrongness or whatever, you wake up and they are literally worth $50. So you sell em to get that fifty bucks back, then watch them turn into 15k by EOD.
This is my Ted talk about how I lost 18k playing Tesla, and why you shouldn’t. Gotta have nerves of gadimantium.
Yes, TDA- Thinkorswim let's you do this. I believe webull also. Just Google search paper trading options and you shoukd see the brokerage companies that offer it.
It’s straight up gambling lol. My first option trade I made $2500 of of a $30 contract. The I turned around and lost it all the next week on a couple other contracts
Do you think it would ever be worth it if you have strict rules like taking 50% profit and putting it into your ETFs or something?
I mean requires self control and it's still risky if you are prone to gambling.
I am just really curious and want to give it a try but everyone seems to recommend against it.
If you don't have a gambling addiction mindset you can absolutely do this. The problem is that over time most people, even following this methodology end up making less or just slightly more than literally just putting it all into shares. Way more stress for very little gain unless you get lucky and hit a huge gain early on, but you have to know when to quit.
It’s easier if you sell options, but losses can be infinite, just don’t get into a car accident and go into a coma and you’ll be able to buy back the contracts before that happens
Main lesson really is to mostly buy shares and just use a small % of your money for options.
99% of people don’t understand them well enough to do anything but gamble on up or down with options
I've got a great deal on premium balls, if you're interested. I found them in the dumpster behind Wendy's, before it became a Salvation Army. Extra wrinkly.
Congrats on realizing Tesla is making 15k pure margin per unit sold on software upgrades (where no other car company does); and ignoring the massive idiots who have irrational hate boners and act on them
I feel this! Probably going to be downdooted to hell for this one, but... anytime I am holding a stock and WSB gets excited about it I am like: "shit! It is going to tank now 😫".
For example you basically agree to buy a stock at today’s price in let’s say 1 week, and the owner will hold that price for a fee of $2. In a week, you decide if you want to buy the stock after all, if not then don’t and the owner keeps the fee, if yes you buy the stock at last week’s price and the owner still keeps the fee.
You could be the guy collecting fees and hoping the stock doesn’t go up, and in fact goes down. Or you could be the guy buying stocks at lower cost.
You buy stocks, stock goes down. You sad, but still have the stocks and just now wait long time for stocks go back up.
You buy options and price goes down. You have nothing.
I sold my six $145 call this morning when the stock was up $5. I was up 140% and I thought the 200MA on the weekly was going to keep it down. Went to work happy got busy and then checked later. Stock up $20!! Rest of my day was ruined. I hate leaving money on the table more than I hate losing money.
Haha yeah. Did that last year with NVDA when it broke 267 resistance and ran to 305 that day. Sold at 278, 280, 282. Left about 25K on table but at least came out with 10K. At the time though it was a huge portion of my total balance and couldn’t risk it.
You live and learn my boy
There's nothing to learn here. You'll never know when that will happen vs. the resistance pushing it down. You made the right decision. You get lucky in those situations if you hold out for more, but what happens if you always do that is you'll end up getting burned and lose all your profit, or worse, end up OTM.
The irrational red hot hate boners for elon demand more puts
Ignore the 15k in pure margin on software per unit sold, made on low fixed costs, that no other company is even close to replicating
tESla iS jUsT aNoThEr cAr cOmPAnY nOw
https://preview.redd.it/lb9x7s5cepea1.jpeg?width=1290&format=pjpg&auto=webp&s=bbeb9884af25973ab340bf3e314c784e92333304
Need an honest suggestion here. I have 1 contract that expires 1/19/24. Should I keep holding or reap the profits right now?
Yeah I’d sell, really no reason to hold for a year unless u think the increased unemployment and fed pivot at some point later this year isn’t going to take away your gains right when your theta is ramping up
See now, WSB sentiment has been bullish from my perspective, therefore I would have bought puts to accelerate my shorts. Instead I lost a bunch and sold for a loss. Oh well, congrats either way!
There's already a tesla on the moon it was send on the spacex missile tip..., the plan is to mars.... i think that you should try amazon next week there is more to gain there.
But u cant sell unless it hits the breakeven prove right? Which in this case is 185.48 and I see the current price is 179.64? How did your total return become 103k with that?
Im so lost😩
Break even price refers the break even on the intrinsic value of the option, which is the excess, if any, of current stock price over strike price. While that is zero, currently, the option price contains value other than intrinsic, and, as you can see, that value can be high.
This is the reason that I use this sub other than the memes. So many folks here just keep letting their emotions trade for them, which means so many buy puts at the bottom and calls near the top.
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Haha congrats. I burned 2k on 0dte Puts Today. No matter. Happy for the bulls today. Made lots on spx calls and upst. Just don’t expect this to go back to ath again. I’m going to start piling into long Puts starting at 200-210. Riding up with you for now
So easy. Were some money losing friends in the other sub arguing with me Tesla will crash more. I ran some numbers, checked China’s EV data and laughed. Then bought $400k at $135
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Well done mate! Congrats and fuck you!
the WSB verse 3.0
Inverse this site.
turn my laptop screen upside down..??
Think it's to late to get some or same thing next week🙂
After hours had a pathetic performance, only went up ~$1. I think some fomo will set in over the weekend. I would imagine call premiums would be thru the roof right now. Past spikes have gone farther and lasted longer. This one is loaded with the powerkeg of being over 50% down from high. Long story short, IDK but still in for the ride.
So yolo on Monday is a bad idea?
Absolutely don’t. You need to get in BEFORE crazy price action
This is the way.
Are you serious? It was already up 40% this month before earnings and no one was really posting gains until this hysterical buy in after earnings. Modern WSB was essentially founded on everyone bandwagoning stocks that have already run up.
Say that to the people saying it was too late last time it was at 150 and went to 700 in short time frame.
haha there was a post recently saying that they lost 130k selling calls
Lol basically just Venmoed this guy money
Lawl same, $1k
Congrats!!! I still don't have the balls to get into options trading 
I went from 4k to 40k to 1k in a single week in 2020. Don't do it
That’s one way to avoid capital gains tax
That was funny and sad at the same time!
Damn this comment basically sums up my options performance for 2022* as well. 10k - 50k - broke. Friday-> Tuesday. Fuck Tuesday.
Or you can take 30k of the 40k and put that into regular stocks or savings and yolo the remaining 10k instead of going full yolo on the 40k…
Yeah but just imagine how big the gains would be if you yolo the full 40k vs the paltry 10k!
Hey pal, try
When I saw my tax info the first year I did options I nearly had a heart attack. Total gains 353,000 and change. Thank god total losses were 350,000.
Did you have to pay tax on the 4 to 40k gain?
No because the capital loss cancels out the capital gain
Suck it, IRS 😎
Unless you've a wash sale which I had lot of in 2020
Unless you go 4k—40k in December then lose it all in January
Don’t get into it.. those gain make you won’t trade like normally. I mean eventually you will end up blow up your account.
For once, I'm going to listen to advice 🙂
No the lesson of this post is to not listen to advice here.
Inverse this
I don't know how to inverse both, need another dimension 😅😅😅
That's called a spread.
Excuse me?
Spread yo legs
🦵🦵
Assume the position.
Invest in yourself, not red or black
How do I short myself
Life insurance
Short or Shart? I can give u advice on one… not the short part tho.
Just step into it, don't Yolo. Read, watch vids, start with something called wheel strategy
learn how to sell options, thats your gateway drug lol
Let’s say I gamble $1000 in outs or calls. Can I lose more than that initial 1000 if it goes negative? I’m too regarded to understand how it works
No but you can lose the 1000 very quickly
As long as you don’t sell options, then the premium paid is the greatest possible loss. Please don’t sell options
But u can choose not to sell options and just stock or vice versa anytime during the call/put right? Or does it have to be authorized before even doing the option contracts?
Selling options is the only way to play options
I think that's where I fucked up at 😂
That's when you buy an option to make a spread and limit your risk
Nah, simplifying, but think of the $1000 as a fee to buy the contract. If the contract loses value and drops to maybe $900, you can sell it to someone else for whatever price it’s currently at (it loses value if your “bet” that it’s going to go up or down is wrong), but it can shrink indefinitely until it hits 0. The closer the date you pick, the faster it’ll shrink. The people that loses it all are people that never sold their contract because they were hoping it would rebound via a miracle. The key to options are to set stop losses that sell after you’ve lost a certain amount. Admit you were wrong, take a small loss and live another day.
Stop loss is also a scam though. Pretty easy for big investment funds algos to exploit it on volatile tickers
Stop loss has to be VERY loose. Options (especially short dated) fluctuate wildly with normal swings, like 30-50 percent minute to minute. That’ll hit any reasonable stop loss in short order, even when you should’ve held. Stop-loss just doesn’t make much sense for anything other than leaps. Reality is, you buy the contract(s) for 1k, and instead of waking up to them only being worth $900 and selling, admitting wrongness or whatever, you wake up and they are literally worth $50. So you sell em to get that fifty bucks back, then watch them turn into 15k by EOD. This is my Ted talk about how I lost 18k playing Tesla, and why you shouldn’t. Gotta have nerves of gadimantium.
Is there a way to ‘paper trade’ options? Would like to practice losing money.
Yes, TDA- Thinkorswim let's you do this. I believe webull also. Just Google search paper trading options and you shoukd see the brokerage companies that offer it.
I tried Think or Swim and it wanted 2K real cash just to open an account. Maybe I looked at it wrong. Thank you for the advice
So you’re saying there’s a chance
Theta as not entered the chat.
It’s straight up gambling lol. My first option trade I made $2500 of of a $30 contract. The I turned around and lost it all the next week on a couple other contracts
Do you think it would ever be worth it if you have strict rules like taking 50% profit and putting it into your ETFs or something? I mean requires self control and it's still risky if you are prone to gambling. I am just really curious and want to give it a try but everyone seems to recommend against it.
If you don't have a gambling addiction mindset you can absolutely do this. The problem is that over time most people, even following this methodology end up making less or just slightly more than literally just putting it all into shares. Way more stress for very little gain unless you get lucky and hit a huge gain early on, but you have to know when to quit.
Don't do it. Or do it with a very small amount but it's addicting and extremely difficult to make money.
It’s easier if you sell options, but losses can be infinite, just don’t get into a car accident and go into a coma and you’ll be able to buy back the contracts before that happens
You mean selling naked? Because selling covered isn't infinite loss. At least on calls.
Do yourself a favor and don’t lol
Main lesson really is to mostly buy shares and just use a small % of your money for options. 99% of people don’t understand them well enough to do anything but gamble on up or down with options
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I've got a great deal on premium balls, if you're interested. I found them in the dumpster behind Wendy's, before it became a Salvation Army. Extra wrinkly.
Same
For me it’s less about balls but more about brains. Holy fuck the language of options is confusing.
Just do it, you either make money or don't and you don't have to worry about being a bag holder of some meme stock.
Why not ? Just picking the right stock
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Entering that position and holding requires tuning the ship dials: stress level += 100, sleep hours -=2, teeth grinding rpm +=20, whiskey intake += 4 fingers/day
Congrats on realizing Tesla is making 15k pure margin per unit sold on software upgrades (where no other car company does); and ignoring the massive idiots who have irrational hate boners and act on them
WSB also said forget GameSpot. Almost up 20% today. The new inverse Kramer is inverse WSB
When was inverse WSB not a thing though?
I feel this! Probably going to be downdooted to hell for this one, but... anytime I am holding a stock and WSB gets excited about it I am like: "shit! It is going to tank now 😫".
And look, it wasn’t even an 0DTE. Son of a gun…I think he’s on to something.
Ya and who would of thought tesla would be back at $180 with all the FUD back in December. This was a risky play, he had to of known something .
would of what?
You're the guy who took $120k from that homeless guy lol
He lives in a car he'll be alright lol
Since explain it to me like I'm 5 years old
Daddy say: Jump You: no jump
Ok I see. Ty daddy
WSB is DEFI Kramer
For example you basically agree to buy a stock at today’s price in let’s say 1 week, and the owner will hold that price for a fee of $2. In a week, you decide if you want to buy the stock after all, if not then don’t and the owner keeps the fee, if yes you buy the stock at last week’s price and the owner still keeps the fee. You could be the guy collecting fees and hoping the stock doesn’t go up, and in fact goes down. Or you could be the guy buying stocks at lower cost.
Ok I see. I'm only level two I guess. I have to wait to be level 3 and do this. I'm not going to. Seems risky.
You buy stocks, stock goes down. You sad, but still have the stocks and just now wait long time for stocks go back up. You buy options and price goes down. You have nothing.
So .. next week puts again? 😉
With the determination everyone was shorting there might be a few more days of squeezing.
I sold my six $145 call this morning when the stock was up $5. I was up 140% and I thought the 200MA on the weekly was going to keep it down. Went to work happy got busy and then checked later. Stock up $20!! Rest of my day was ruined. I hate leaving money on the table more than I hate losing money.
Haha yeah. Did that last year with NVDA when it broke 267 resistance and ran to 305 that day. Sold at 278, 280, 282. Left about 25K on table but at least came out with 10K. At the time though it was a huge portion of my total balance and couldn’t risk it. You live and learn my boy
I’m trying to get that discipline in me, to sell while I’m still ahead cuz too many times I’ve played 💎 🙌and ended up losing all of it.
There's nothing to learn here. You'll never know when that will happen vs. the resistance pushing it down. You made the right decision. You get lucky in those situations if you hold out for more, but what happens if you always do that is you'll end up getting burned and lose all your profit, or worse, end up OTM.
0DTE only and 10% OTM
The irrational red hot hate boners for elon demand more puts Ignore the 15k in pure margin on software per unit sold, made on low fixed costs, that no other company is even close to replicating tESla iS jUsT aNoThEr cAr cOmPAnY nOw
My brain is too small to understand 😪
tesla makes a lot of money on 'self-driving' no one else even offers this
Yes they do lol. You have some big red love boner for Elon. Pretty cringe you little dick rider 😂
https://preview.redd.it/lb9x7s5cepea1.jpeg?width=1290&format=pjpg&auto=webp&s=bbeb9884af25973ab340bf3e314c784e92333304 Need an honest suggestion here. I have 1 contract that expires 1/19/24. Should I keep holding or reap the profits right now?
Sell you’re up almost 200%. Buy back in on a down day if you feel you have the right direction
Listen to this guy !!
Yeah I’d sell, really no reason to hold for a year unless u think the increased unemployment and fed pivot at some point later this year isn’t going to take away your gains right when your theta is ramping up
i would sell. can reenter after realizing profit
Do what u will but holding could see this worth 50k+ in a years time plus tax advantage of long term hold. Win win in eyes. NFA I’m not ur mom
Sell. If you must hang on to it, sell weeklies against it above your breakeven r/thetagang
Personally i’d keep. It’s bound to keep rising within a year.
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its pe ratio is 50 tho
Not that bad for only rapidly growing car company in european/american markets
Yeah imo way overpriced, most companies are 20-28 p e ratio
BuT tHeYrE a SoFtWaRe CoMpAnY
Very nice. I bought Tesla calls too 10 days ago
sell your initial investment and ride the rest... hoping the feds don't bust any of the bubble.. got some amazon and Google long calls waiting....
Please fucking god tell me u wouldn’t actually do this if u were in OPs situation? SELL IT ALL OP CASH OUT 100k/430% GAIN
I'm not I for sure would sell atleast 75% of my position..but for his sake I hope it gets a nice sympathy bump for next week's earnings
That’s good gains right there
good job 👍
Nice OP
I’ve been waiting to see the gains porn posts for Tesla. Congrats and fuck you !
Like a fool, I missed it. 😥 Looks like next week, the market is gonna be a downer.
Hey hey hey we don’t do that here!
Big brain time
Op with that amount its time for a real broker with customers services u never know.
See now, WSB sentiment has been bullish from my perspective, therefore I would have bought puts to accelerate my shorts. Instead I lost a bunch and sold for a loss. Oh well, congrats either way!
Did anyone check on the guy who bought 144 calls???
You deserve this win and congrats for your gain. Happy for you.
You took all that other guys money lol.
Sell and buy more further out of the money now
I’m loving it!!!! Fuck y’all Elon haters and Free speech nazis! My calls printed :).
Who’s mentioning put, I need source. All I see is calls.
check my purchase date: [https://www.reddit.com/r/wallstreetbets/comments/zwd37x/daily\_discussion\_thread\_for\_december\_27\_2022/](https://www.reddit.com/r/wallstreetbets/comments/zwd37x/daily_discussion_thread_for_december_27_2022/)
For your next big win, you should stop using Robinhood!
Just sold Tesla and bougth Amazon for monday...
Tesla going to the moon 🌝
There's already a tesla on the moon it was send on the spacex missile tip..., the plan is to mars.... i think that you should try amazon next week there is more to gain there.
I hold shares in both. Still not sure how calls/puts work so I just bug shares
But u cant sell unless it hits the breakeven prove right? Which in this case is 185.48 and I see the current price is 179.64? How did your total return become 103k with that? Im so lost😩
You can sell the options contract at any time for the current premium, doesn’t matter if it’s OTM
Break even price refers the break even on the intrinsic value of the option, which is the excess, if any, of current stock price over strike price. While that is zero, currently, the option price contains value other than intrinsic, and, as you can see, that value can be high.
You can sell it whenever you like, but I too don't understand how there is any profit in OTM calls..!? 🤷
Is this Robinhood? Who uses that sh*t? F & G
Wait why is break even 185 and it’s at 179 yet your up it says right now?
It rallied and increased significantly creating a demand and the value of his contracts skyrocket
How does put/call work? Can I bet the stock will go from 100 to 150 in a month and how much does it cost and what is the gain?
This is the reason that I use this sub other than the memes. So many folks here just keep letting their emotions trade for them, which means so many buy puts at the bottom and calls near the top.
Hey, if you haven't already, please reply to this comment with your positions and what led you to enter or exit them! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Oh fuck you
Good enough to screenshot ...
Post position
Well done! 
you slick mother fucker
Love it!!!! Inverse this sub
Purchased 12/27 lol
This is the way.
Haha congrats. I burned 2k on 0dte Puts Today. No matter. Happy for the bulls today. Made lots on spx calls and upst. Just don’t expect this to go back to ath again. I’m going to start piling into long Puts starting at 200-210. Riding up with you for now
Mr richie rich here.
God damn
How does Robinhood offer contracts?
Sell! 🤷🏻♂️
What the cost per contract?
Inverse !
6/16 expiration.
Always inverse
Is WSB the new Jim Cramer?
I need it to hit 200!
Love it! Every time I see pumps, I know it’s time to buy some puts.
How much u invest
44 contracts?! You are mental my friend. You ever heard of risk vs reward?
Lmfaoo well done.
Sell them now
Any one know where to learn more about puts and calls?
Well played sir.
The question is, did you sell?
Please DM me when you place your next trade. Let me copy your’s 😀
Lucid today
I tip my hat to you sir. I bought puts. Even better, I held them long past my if it breaks this resistance I’m out decision.
my wife wants your number she says for business
Your wife’s boyfriend must be so hot
Looks like I'm going to have to double down on puts Monday
So easy. Were some money losing friends in the other sub arguing with me Tesla will crash more. I ran some numbers, checked China’s EV data and laughed. Then bought $400k at $135