ELON MUSK IS GOD

[Sanlmar]

I had a $2.50 bid for the $350 calls when it was trading 242, was .50 from getting a fill. For a 40 lot. Lol.

Still made good on my long dated short puts, but damn, could have been an all timer!

i'm 100% not trolling, i'm def a trading newb

but, can you explain to me what you said like i'm 5?

Way back, like when TSLA was trading at $242 (now $379) monsterj threw out a limit order @ $2.50 on calls for $350 TSLA.

The right to buy (calls) TSLA at $350 is worth $29 today. ($379 - $350 =$29) Excluding all the cool volatility that is added into the option price.

He would have wagered $2.50 to earn $29.

Unfortunately, the options back when monsterj was interested were selling at $3 and he missed getting them by 50 cents. He was hoping they would trade up and down.

Let’s assume they were Aug 10th expiration (worst case). The $350 calls started at $3.39 today and traded as high as $45. 15x in a few hours if you had supernatural timing.

40 lots @ $2.50 = $10,000
40 x 100 x $2.50 = $10,000

40 lots @ $3.00 = $12,000

Thus, Snake’s joke.

The deal with calls is they don’t last forever. They expire. Most expire worthless.

There is a cruel game called Max Pain. Guys like monsterj figure out what price a stock has to be to hurt the most people. Monsterj and his evil minions will push the price to that exquisite point. If they can.

What Elon Musk did today was similar. He was fucking around with the stock price with suspect news to hurt the shorts and save his life.

His recent earnings call didn’t quite do the trick. Shit was getting serious as his bonds are about to be rated even lower. Thus today’s timing.

Craps is fun. Maybe you don’t play the middle like Snake. Options are better than poker, craps and few other things. Especially if you like pain.

40 lots x $29 = $116,000 .... minimum

If I have tickled your degenerate side Plop, please remember me when you are pushing the buttons. I wish to be immortal