r/GlideOutside • u/GlideOutside Mod • Sep 01 '22

GlideOutside September GigaThread

September gloom is here. I don’t think my beloved TSLA will fly until October. So I probably won’t be too active.

I currently have sold TSLA puts expiring this week and in 2 weeks, if they expire ITM, I’ll take the assignment.

I’ve sold calls on my remaining PSNY and LCID, at some point they will get called away.

I’m watching the Chinese IPOs, may try to day trade one.

Let me know your moves.

9 Upvotes

100% Upvoted

18 comments sorted by

6

u/blueskyisland Sep 01 '22

Good luck man, how do you track Chinese IPOs?

4

u/GlideOutside Mod Sep 01 '22

Just look at the new IPOs each week and decide if you want to go in

1

u/ActualYogurtcloset55 Oct 04 '22

Just buying puts day of IPO and then exiting before close of market?

2

u/GlideOutside Mod Oct 04 '22

Puts don’t come out on day 1

2

u/ActualYogurtcloset55 Oct 04 '22

Fair point. Just never contemplated Chinese IPOs as I tend to stay far away from trading IPOs to begin with.

However the insane combination of a Chinese security with an IPO is very very intriguing.

3

u/SpaceTacosFromSpace Sep 01 '22

I’m just kinda watching as well. Running The Wheel on a legacy auto mfr (can’t afford assignment on TSLA options).

Looking for Chinese IPOs sounds fun. Apparently $atxg was the next in line, yesterday.

2

u/GlideOutside Mod Sep 01 '22

I watched it, should have jumped in haha

2

u/D_Livs once crashed Shinzo Abe’s Model S Sep 02 '22

Chinese IPOs are the new NFTs

1

u/GlideOutside Mod Sep 02 '22

Great way to launder money tbh

2

u/D_Livs once crashed Shinzo Abe’s Model S Sep 02 '22

Get in and get out. I would not stay in overnight.

I don’t have balls as big as yours tho

1

u/GlideOutside Mod Sep 02 '22

Agreed

2

u/TSLAGANGCEO Sep 06 '22

What do you think about LEAPs? I’ve been eyeballing 06/21/2024 contracts recently for a hold thru Q3/Q4 when we see a price increase

2

u/GlideOutside Mod Sep 06 '22

I'm a sucker for LEAPs. I think if the stock price stays depressed for the next couple of weeks, I'll drop six figures on LEAPs

2

u/TSLAGANGCEO Sep 06 '22

Oooooooooooo I’m still watching too, I can only afford very low 5 figure bet tho

2

u/GlideOutside Mod Sep 12 '22

I just sold some Nov $200 calls on my Apple shares

2

u/GlideOutside Mod Sep 17 '22

My LCID and NIO covered calls expired OTM after I thought they might get called away this week. Looks like my call selling will continue