Replies to post #73451 on Tesla Inc (TSLA)

[Moonlazer]

I sold off my puts on the dive, but not the calls, then flipped the profits into 102 calls and 105 puts 50/50 from the put sales, for next week. Correction occurred. The calls are now also profitable again. Selling those soon close to $112.00 then restaking it all likely around 110c and 114p for next week.

The point of it all is that your worthless options regain their value in the inevitable Correction. That's where the largest chunk of the profit begins to be realized.