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> My best move was buying 20 OTM tsla calls 3 minutes before they announced the split. Options adjust accordingly when a split occurs, so why is it relevant th
by shric 3y ago
> My best move was buying 20 OTM tsla calls 3 minutes before they announced the split.
Options adjust accordingly when a split occurs, so why is it relevant that you bought 3 minutes before?
Tesla has had two splits so far and there wasn't much movement during either.
- grepfru_it 3y agoI did not lose any value to theta decay. When the split announced the stock popped, my calls moved in the money. I got the maximum value for my calls with the least amount of risk. Obviously no one knew when the split was going to happen.