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TSLA calls have been ridiculous the last few months. Buy >50% OTM calls with expirations 1-2 months out and still make money. No wonder it looks like free money
by siruncledrew 6y ago
TSLA calls have been ridiculous the last few months. Buy >50% OTM calls with expirations 1-2 months out and still make money. No wonder it looks like free money.
- synaesthesisx 6y agoThere were multiple instances where I bought absurdly OTM TSLA weekly calls (sometimes > +200% or as far as I could out) at open, and sold as soon as an hour later for profit. Earlier this week, I bought Tesla $800C’s despite the stock trading in the 400’s and sold for 300% returns later that day. I’m not one to day trade, but when opportunities like this are on the table it’s hard to resist.
- SZJX 6y agoYeah though if somebody bought a high leverage call on Tesla Thursday they might have lost it all in a day. The thing is it's hard to predict when the rally will end. You can only make predictions with some, or maybe increasing, level of certainty but it's still a bet.