hoping tsla stays up just a tiny bit tomorrow so i can get out w/ profit. bought a 38dte strangle for tsla. what a move at earnings!
cool thing i like about longer dated strangles (assuming you get a big move in one direction) is after the call or put becomes toast, over time, a d2 necro might raise it from the dead. we can also sell poor man's covered calls or puts (probably will get peanuts for premium, but better than nothing)
This post was edited by ChocolateCoveredGummyBears on Apr 23 2024 08:15pm