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Let's Trade Options

  • #17,041
  • Nov 2, 2019 3:27pm Nov 2, 2019 3:27pm
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Is anyone buying put options on Tesla's debt maturity dates?

I ask because I've been following this since March 1, 2019, when Tesla repaid some $920MM in convertible debt.

As the chart shows, the share price peaked on Feb 28 at $320 and closed that day at $319.88.

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Click to Enlarge Name: Closing Price - 2019-02-28 - Thursday TESLA - share price declines from 319.88USD high.png Size: 32 KB


It kept falling, in spite of a few bounces, for the next three months:

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Click to Enlarge Name: Closing Price - 2019-06-07 - TSLA loses 44.05 pc in just over three months - taken June 10, Mond.png Size: 66 KB


And lo and behold, according to the latest quarterly report (released Oct 29), there is $566MM worth of debt being
paid back this month. The story so far:

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Click to Enlarge Name: 10-31-2019 - 1 Tesla closed at 314.92.png Size: 116 KB


Given Tesla's perennial cash flow burn, it seems like a clear choice to buy puts at these pre-determined maturity dates,
which takes the guesswork out of it.

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HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #17,042
  • Nov 2, 2019 10:15pm Nov 2, 2019 10:15pm
Quoting blunderbuss
it seems like a clear choice to buy puts at these pre-determined maturity dates, which takes the guesswork out of it
.ok, bigballs, show us that long put gambit. I got nothing but time...

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,043
  • Nov 5, 2019 6:07pm Nov 5, 2019 6:07pm
Quoting blunderbuss
{image} Is anyone buying put options on Tesla's debt maturity dates?
....still waiting on the actual trade..

What other names have comparable debt loads worth timing?

https://www.forbes.com/sites/jimcoll.../#4d571714113d

https://ir.tesla.com/static-files/6d...c-3ffbffe35e26

TSLA & SC debt rolled together since Tesla bought back Solar City.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,044
  • Nov 6, 2019 1:01pm Nov 6, 2019 1:01pm
Quoting The Fool
Wed I bot Nov6 SPX 3075 calls for $3, today sold Nov6 3085 SPX calls for $3.50 at the close.....paying myself 50c for a chance to make $10.
...today spoos flatlining around 3075..which is why I spread....cash-settled options....I watch into the close....ideally she rallies to just under 3085 at the bell...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,045
  • Edited 4:03pm Nov 7, 2019 2:58pm | Edited 4:03pm
us equities swing on China/US trade war news n tweets - a little stinky headline late today will show red in markets into next week, unless another tweet saves the day.

I bot Nov 15 SPX 3000 puts @ $1.90, looking to sell the Nov 13 3000 puts for the same or better.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,046
  • Nov 7, 2019 10:48pm Nov 7, 2019 10:48pm
Quoting The Fool
...today spoos flatlining around 3075..which is why I spread....cash-settled options....I watch into the close....ideally she rallies to just under 3085 at the bell...
...netted $1.75 on the call spread, left a buck on the table, but mainly was a day short...a calendar to Fri woulda made $5 maybe
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,047
  • Nov 28, 2019 2:54pm Nov 28, 2019 2:54pm
Quoting blunderbuss
Is anyone buying put options on Tesla's debt maturity dates?
...well no magic for TSLA bears yet. With 2 months til next ER and share price looking good, maybe think about getting in spreads that bracket the earnings date. TSLA shares have shown good volatility, could drop 40% on awful news or a market slide. I'll post a trade idea or two....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,048
  • Dec 1, 2019 3:53pm Dec 1, 2019 3:53pm
Over the last few weeks I have been trading SPY Puts and Calls. Some trades have been great and others have been bad. Sometimes one things they see it and they are right and other times they think they see it and turn out to be wrong. My best trade last week was one that was up over 100% and my worst was one that lost 35%
  • #17,049
  • Dec 2, 2019 9:40am Dec 2, 2019 9:40am
Quoting stylinex
Over the last few weeks I have been trading SPY Puts and Calls.
I don't trade SPY alot anymore, have settled on SPX as my bread & butter. Having cash settlement on the latter is a big plus for my mo.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,050
  • Dec 2, 2019 11:01am Dec 2, 2019 11:01am
Quoting The Fool
{quote}I don't trade SPY alot anymore, have settled on SPX as my bread & butter. Having cash settlement on the latter is a big plus for my mo.
Aren't they pretty ,much the same? How do you find this one to be better?
  • #17,051
  • Dec 2, 2019 5:21pm Dec 2, 2019 5:21pm
Quoting stylinex
{quote} Aren't they pretty ,much the same? How do you find this one to be better?
I could probly find better articles or vids, feel free to search the web

https://www.tastytrade.com/tt/shows/...spx-06-12-2019

https://www.stockinvestor.com/37185/...tions-trading/

I like SPX because it's bigger, because there's cash settlement (I usually close trades b4 expiry but it's nice to not absolutely have to), SPX is plenty liquid, but I still trade them both. When my volume (# of trades) is running higher, I will have more SPY. When I'm too busy to trade much, I like the bigger size of SPX.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,052
  • Dec 2, 2019 11:36pm Dec 2, 2019 11:36pm
Quoting The Fool
{quote} I could probly find better articles or vids, feel free to search the web https://www.tastytrade.com/tt/shows/...spx-06-12-2019 https://www.stockinvestor.com/37185/...tions-trading/ I like SPX because it's bigger, because there's cash settlement (I usually close trades b4 expiry but it's nice to not absolutely have to), SPX is plenty liquid, but I still trade them both. When my volume (# of trades) is running higher, I will have more SPY. When I'm too busy to trade much,...
Do you trade options 1 week out? I found that the only way not to lose ,much is during quick entries and exits. long term holding on options is usually bad as the decay so much
  • #17,053
  • Dec 3, 2019 1:35pm Dec 3, 2019 1:35pm
Quoting stylinex
Do you trade options 1 week out?
I set up all types of spreads, I will buy a wide SPX strangle 4 or more weeks out and sell against it multiple times with weeklies @ 6-10 days til expiry. I always have a range of expiries running, but usually nothing longer than 4-6 weeks. I wouldn't buy options with lots of time just to sit on them, I am always spreading.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,054
  • Dec 8, 2019 4:13am Dec 8, 2019 4:13am
Hi Guys,

Which Options trading platform would you recommend for an EU citizen? Is Thinkorswim available to trade in Europe?

Thanks in advance,
Karolina
  • #17,055
  • Dec 10, 2019 3:10pm Dec 10, 2019 3:10pm
Quoting Kijanka
Hi Guys, Which Options trading platform would you recommend for an EU citizen? Is Thinkorswim available to trade in Europe? Thanks in advance, Karolina
....Hi K., I don't think TDA allows foreign clients for trading on ToS, but you can go with tastyworks, I think - check there. Cheers.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,056
  • Dec 13, 2019 12:26am Dec 13, 2019 12:26am
Quoting The Fool
Any options traders here? Want to talk about trading options? Not sure if this thread will go anywhere. If I find even one cool trader in FF who wants to share some good options trading ideas, then I'll be happy. I am not a very sophisticated options trader - been trading options m/l full time for only the last year or so. I am basically a beginner, but I make money consistently. So, being a greenhorn, I am not out to be anybody's guru. And I'm not looking for one, either. I like learning by doing. I don't want to spend much time discussing options...

Hi everyone!

Useful information.... Thanks for sharing!
  • #17,057
  • Edited 10:21am Dec 13, 2019 9:51am | Edited 10:21am
Trying leg-in SPY put vert for early Jan, bot Jan10 SPY $302.50 puts for $0.99, looking to spread the same date with short puts @ $300 for better than that....

.....sold the $300 puts for $1.05....risk free put vert $2.50 wide...that will give some good insurance on some credit spreads below that


...with calls cheap as dirt I bot SPY Dec27/30 $324 calendar calls at 4 cents
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,058
  • Dec 20, 2019 1:50pm Dec 20, 2019 1:50pm
Quoting The Fool
...with calls cheap as dirt I bot SPY Dec27/30 $324 calendar calls at 4 cents
...taking off a slice at 20c today, looking for 40c next week
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,059
  • Dec 22, 2019 10:37pm Dec 22, 2019 10:37pm
shucks Fool, another year slide by....Merry Christmas, and a healthy 2020 to you and yours bro...
Look Sharp/Trade Tight
  • #17,060
  • Dec 23, 2019 4:08pm Dec 23, 2019 4:08pm
Quoting PayTheLimit
shucks Fool, another year slide by....Merry Christmas, and a healthy 2020 to you and yours bro...
hey I hope all is well with you bro, Merry Christmas!
"If The Fool persists in his Folly he will become wise." - William Blake
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