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


To: carranza2 who wrote (162663)9/16/2020 12:18:39 PM
From: TobagoJack  Read Replies (1) | Respond to of 217927
 
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.






To: carranza2 who wrote (162663)9/16/2020 12:50:08 PM
From: TobagoJack  Read Replies (1) | Respond to of 217927
 
Pluck it,

Decided to completely hedge my winnings on the long calls by shorting still more calls 20 November strike 800, so that for each dollar the long calls lose from here on out should be balanced w/ a dollar of gains on the short calls, at expiration time, the come to god moment, otherwise known as final exam time, November 20th

In the meantime I continue to ride the long calls into and through Battery Day, and see if to stay or run at that juncture.

Basically formatted option on option, still have effectively unlimited upside, but down side backstopped to current unrealized profit already embedded on the winning long side. Some kind of good, as the short side would never be called, as long as (or as short as) we define ‘never’ as 20th November, strike 800.

Am feeling very naughty. A lot like climbing cliff face, putting in safety anchors for the roping works, to avoid going to splat.

I hope TSLA goes to 801, and 1,000, but after 20th November. This is too much fun.