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Is it just me or is TSLA the greatest stock ever to sell CCs on?
The premiums are through the freaking roof - even for 1 week out. I guess the downside is that the stock occasionally suffers big drops. But it's just as likely to rocket back up if you wait a few weeks.
I guess the downside is that the stock occasionally suffers big drops.
or you sold a CC for $275 a week ago
like me
I've already rolled it up and out a bit, waiting for the next pull back (fingers crossed)
If you sell CCs on TSLA there are times 1-3 times per year when it goes on a tear where is increases 50% in 3-10 days. When that looks like it is starting I rebuy my CCs and wait until the daily price stops hitting the upper bollinger band for a day or two
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I recall ATM being $1240 intraday -- Google Finance chart shows it as $407 ($1220 pre 3-1 split) on Nov 5 2021
Wish I hedged my thousands of shares with a collar at that point :)