What's the difference?? Upside vol picked up,stock was off 21 percent Hoping he blew it out in the overnight around 390..
First off thank you all for helping out (and especially destriero); who gave me some excellent options approaches to slow down the bleeding. Unfortunately I picked the worse day in the history of TSLA to be long. A 21% drop today. My broker was after me even on the weekend with liquidation notifications. Basically I had to sell off some of my shares meet those margin calls. I didn't want IB to do it so I did it myself. I sold off 75% at essentially 1 am pst. I'm on the west coast so I've had a long day. I didn't know it was going to be such a crash for TSLA but I just felt better selling at 390. In hindsight my losses were much lower then if I had waited for the "normal" premarket. Now I'm holding the rest of the shares in basically a synthetic fly. Once again thank you for the community. I fucked up. This environment made it a much less financially and personally destructive experience.
Hey, just curious, if you are able to comprehend dest's advice and understand synthetic flies and such, you must not be complete "moron" when it comes to options. Sounds like you have the knowledge but lack experience?
1 AM PST on Friday or Monday? Don't blame yourself, it can happened to anyone. Good trader will make it back and more.
WOW! Well done!!! Nice escape, from a terrible situation. I did not want to check ET today, because of your thread. I think it's the scariest thread I have ever read here, because I knew you were not playing around... "Rescue Operation" was a success, I guess. Props to @destriero
Yes, basically 1:04am. And It was more anxiety about what could happen that pushed me to sell the bulk at 390. I was basically going a bit bonkers the entire the weekend imagining a gap down of 50 pts.