Tesla Inc (TSLA)

[la-tsla-fan]

SNATCHING DEFEAT FROM THE JAWS OF VICTORY

I entered the week extremely well positioned with Tesla calls at $240 and pous at $245. This is how I managed to screw it up royally!

Monday was a sideways mover that left my calls OTM, but my puts were comfortably ITM. I put in a sell order for Tuesday at $8, completely unaware of what the market was doing because I was playing golf. I checked at about 1 pm EDT. Much to my chagrin, my calls were sold at the asking price soon after the open. BUT the current price was close to double that!

Thursday was another sideways day and I wanted to get something out of my $245 puts which were well OTM by then. So I CHANGED my asking price from $2 to $1.10 on Thursday evening. I received my price but left at least $1.25 on the table per share! Needless to say, I did not check the market movement until later in the day. This time I was not playing golf but was busy doing something else.

So on the calls I left about $10 per share on the table and on the puts I left about $1.50 per share!!!