Crazy Trades
I bought $145 puts on $TSLA for May
2 DTE puts I bought today, all gambles:
SPY 0.00%↑ $495
SMH 0.00%↑ $200
XLU 0.00%↑ $65
I still have XLC 0.00%↑ for May, and adding XLV 0.00%↑ here and there.
These are acceptable losses for me. I’m currently up about 30 percent in the SMH and SPY positions, and about 15 percent in Tesla.
Context is my post from this morning, watching bonds behave in the worst way possible for stocks and then seeing the rally in SPY and NVDA get to the 50-day.
This might only be a pullback, but I’m not trading a quick pullback. What I’m giving myself exposure to is the possibility that Meta and or Google miss, or even if they don’t miss, they announce something negative such as buying fewer chips.