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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (160391)7/21/2020 9:45:20 AM
From: Pogeu Mahone  Respond to of 217840
 

LOCAL & STATE


Posted 4:00 AM

Updated at 7:59 AM

INCREASE FONT SIZE
Wave of evictions expected as courts reopen, assistance and protections expireThousands of evictions could be filed when hearings resume Aug. 3, and the Maine Affordable Housing Coalition is building a database to help inform policymakers.

pressherald.com



To: carranza2 who wrote (160391)7/21/2020 11:53:37 AM
From: TobagoJack  Respond to of 217840
 
Re <<Hope I didn't jinx things>>

I hope so as well, and not meaning to further jinx things, I closed out my TSLA longs from yesterday, by way of shorted puts, and topped-up w/ another tranche of premium from shorting DRD puts, all to finance long in a not-exactly random sprinkle micro-miners. I figured, as the money is free, might as well keep the wagering going, and who can know, maybe the micro miners can work out ...

The micro-miners are not that randomly selected. Take a look and see which ones if any strike your fancy






To: carranza2 who wrote (160391)7/21/2020 12:59:22 PM
From: TobagoJack  Respond to of 217840
 
TSLA earnings announcement coming up.
Am not the one to stand in the way of either wild enthusiasts nor dire panic.
Giving wide berth to the crowd, and shall overnight by remaining agnostic, short both the calls and puts

Need TSLA to remain w/i band of 1270 and 2200, before and at closing of 24th July.

Let us see by waiting.




To: carranza2 who wrote (160391)7/21/2020 4:41:51 PM
From: TobagoJack  Read Replies (1) | Respond to of 217840
 
One day we might, even if unlike, be told what the unusual option trade (Call, strike 3,500, expiration 24th July) was all about

investors.com

Tesla Stock Earnings Coming; What Does This Option Activity Mean?

GAVIN McMASTER
Earnings season is ramping up and sometimes option activity ahead of earnings is worth looking at. Here's some interesting activity on the options for Tesla stock.

Tesla Stock Earnings On Tap July 22
Tesla ( TSLA) put in a stellar move already this past year. The question is, can it keep going? Recall that a few weeks ago, we looked at a bullish option trade on Tesla stock that is working quite well.

The upcoming earnings report due after the market close on July 22 puts even more focus on Tesla stock.

One thing caught my eye yesterday and that was some unusual option activity in the Tesla call.

Yesterday, there were 6,244 calls traded on Tesla stock at the 3,500 strike expiring July 24. Yes, you read that right.

Now, Tesla stock closed yesterday at 1,643. So it was very surprising to me when I saw so many calls being traded on a strike price that is 113% out of the money.

What Does It Mean?We will never know if that was part of a larger strategy. But clearly someone thinks TSLA stock is going to rocket higher after the earnings announcement on July 22.

There are always two parties to an options contract, and someone was willing to sell those calls to the buyer.

Perhaps the seller was someone looking to collect the premium by selling naked calls (a risky strategy). The calls traded around $1.20 and 6,244 contracts would have cost the buyer $749,280.

If Tesla stock remains below the 3,500 strike at the July 24 expiration, the premium seller gets to keep that entire amount collected.

It seems unlikely that Tesla stock will rally above 3,500, but you never know!

I wonder who will win one this trade, the call buyer or the call seller. What do you think?

Either way, Tesla stock earnings are sure to provide some fireworks this quarter and I'll be watching intently.

This article is for education purposes only and not a trade recommendation. Remember to always do your own due diligence and consult your financial advisor before making any investment decisions. Gavin McMaster has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. Follow him on Twitter at @OptiontradinIQ.

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