Shorted more calls as opposed to sold calls I already own, in order to
- sate my incipient greed (actually am way past incipient), sensing that even in insanity, the RobinHooders are still not totally recklessly insane. There appears to be Some method to their madness. In any case they want to be frightfully rendered, and so I offer my magnanimous help;
- lock-in, indirectly, some of the unrealized profit already indicated on the long call positions, without selling the long calls, letting them ride into Battery Day, and possibly election night. It is good that the Fed is being helpfully understanding.
The longer I hold the long calls even as time-decay does work, the longer and more calls I can and should short, to lock-in profit as i go, and essentially transfer the gains on the long side into gains on the short side, and finally extinguish my rights, then obligations on / to my counterparties;
- fidget-fidget, to quote the jack
Order of battle now stands thus, green be long, red be short
Added shorts, as opposed to increased longs, but still indirectly locked-in unrealized profit, to make sure they shall be realized as opposed to wasted away, even as the long calls continue to work diligently into Battery Day
Now that I am in a new day, being past midnight, need to think about NKLA again, then nap.
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