Slam...

I listened to the talking heads this morning and I decided right from the start my trade was going to be TSLA and was going to be a slam.

I had a little problem getting out of the trade when I was up $6,100.00 but I finally settled for a lot less on my bid and got out here.

TESLA MOTORS
05/08/2014 O STC TSLA MayWk2 185 Call 10 $8.75 $15.00 $8,734.44
05/08/2014 O BTO TSLA MayWk2 185 Call 10 $3.95 $15.00 ($3,965.36) 4,769.08
Total Realized Gain/Loss for TSLA $4,769.08

ADD:

Stock went down more but the bid on the call according to S/O is 9.45...so it must be that high frequency trading affecting the option. I am still happy with what I made but that is interesting. I think perhaps the market maker saw the turn around before I did and shooed some of us out of the trade. I'll gladly be shooed out with that sort of profit...120%



Edited 1 time(s). Last edit at 05/08/2014 09:45AM by Darcy2.

Darcy,
Looks like you're trading is back on track! Hope you are, physically, as well.

Getting better every day. Went to the store yesterday for the first time in a while. actually was able to walk around the entire store without hearing my heart beat in my ears.

Well after the CALL I waited a little bit and got into a PUT. Why because TSLA had gone up so much I figured it would go back down.

I put in a GTC and went to lunch..backyard and when I finished I checked TSLA and I was out of the trade. I really didn't think it would move that much in less than 25 minutes but it did so here it is...

05/08/2014 O STC TSLA May14 190 Put 4 $10.65 $14.95 $4,244.81
05/08/2014 O BTO TSLA May14 190 Put 4 $8.10 $14.95 ($3,255.09) 989.72

Total Realized Gain/Loss for TSLA $5,758.80



Edited 1 time(s). Last edit at 05/08/2014 12:39PM by Darcy2.