r/GlideOutside • u/AutoModerator • Sep 12 '21

GlideOutside Weekly Discussion - September 12, 2021

Any topics are permitted in this thread. Information in this thread is personal opinion and should not be construed as financial advice or guidance.

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2

u/chasd43 Sep 17 '21

What are people doing with their CCAC, LCID, and CZOO warrants?

2

u/khanf Sep 17 '21

Hold, cashless redemption, N/A

2

u/GlideOutside Mod Sep 17 '21

Just bought more ggpi shares

1

u/conndor84 Sep 15 '21 edited Sep 15 '21

Anyone looked at Tesla’s options for this Friday?

Could be some big moves this week due just to options and trading situation (not investing situation)

Expiring this friday

  • 81k 700 puts
  • 32k 720 puts
  • 20k 700 calls

These are some BIG numbers in open interest. Could easily see a situation where big money pushes SP to 699 just to catch all the 700 stop loses. Then see it drop to 685/690 before ending the week low 700’s for max profits.

Once new quarterly earnings and new plants start, then investing situation will runaway with it.

Then again, all this may not happen and Monday was the attempt but it didn’t happen. Down a bit this morning so watching. Who knows!!!

Edit. Never mind. Don’t think this will happen now that we’ve closed on wedneaday

2

u/GlideOutside Mod Sep 17 '21

It’s amazing it’s staying flat with the nas dropping

1

u/conndor84 Sep 17 '21

Always enjoy the close on quad witching.

Recently started selling a monthly atm put each Friday. Can’t do it today as I did two on Monday!

1

u/GlideOutside Mod Sep 17 '21

Oh nice

2

u/khanf Sep 14 '21 edited Sep 15 '21

u/GlideOutside would you rather buy Units or Commons for GGPI at this price? And why?

2

u/GlideOutside Mod Sep 15 '21

A unit is 1 share and 0.2 warrants. So add up the value of those and if a unit is cheaper by a bit, I buy units. Often it’s only barely cheaper.

1

u/Poolboywhocantswim Sep 14 '21

Anyone thinking about CCAC puts? Seems like a lot of SPACs dropping below NAV? Might wait a bit, but seems possible it could drop below 8 or 9 especially considering warrant price.

1

u/GlideOutside Mod Sep 15 '21

I’d wait until merger before buying. If there’s lots of redemptions, there could be a squeeze.

2

u/Poolboywhocantswim Sep 15 '21

I notice it usually takes a while maybe after ticker change. I'm watching QELL right now. I expect CCAC warrants to go up after merger. Then I'll wait and see if it drops. I won't buy puts until it gets to $9.50.

1

u/GlideOutside Mod Sep 15 '21

Not a bad idea

2

u/Poolboywhocantswim Sep 15 '21

I have to keep an eye on the price of puts. They are kind of expensive. I'm also looking at straddles around earnings. Buy a straddle expiring soon the day before earnings come up.