This night’s operation synopsis ...
Shorted more TSLA call options at the usual 800-strike, December, January, February and March, gradually strengthening deployments, to December bulk-up, and Jan - Mar armed recon.
Am unwilling to march beyond March. TSLA might not be able to reach 800 by 19th March, but certainly can soon after should the mania continue, which we should hope does. Mania is energy to be tapped.
Did not bother closing out the Oct position even as winning large, because given the proximity of expiration, the OTM nature, and the absolute number involved, best to allow the position to blow up in hands of counter-parties.
Did go long TSLA call options Mar strike 640 and the Nov strike 440.
The Mar strike 640 is a play on upward volatility, a prepared rear-guard action, a consolation on any bad day between now and Mar 19th.
The Nov strike 440 is for the possibility that the RobinHooders might ramp the stock on some phooey catalyst and should they do so I would have more ammo for execution of shorts. Must tap the bullish energy every so often in order to maintain stamina for shorts when I should short more.
The absolute numbers involved on the long side in terms of dollars is small relative to the short side, so far, and really just simply locks up residual ‘prospective profit’ on the short Oct strike-700s as a kiss before the shove per easy come easy go.
Once Oct 23 is close, I intend to engage in detailing that fills out weekly harvesting of November options as yet to be established. Am hoping TSLA does a ramp for the setup.
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