r/wallstreetbets • u/LifeIsYoursLiveIt • 18h ago

Loss Lost $7,200 in TSLA... in 28 minutes.

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At 10:19am I placed an order to buy 60 contracts of TSLA $240.00 Put... Was a market order and still didn't fucking place. So I canceled a couple minutes later. I would've made $20k.

At 10:47am I bought 32 contracts of TSLA $235.00 Put @ $279.00 per contract. TSLA skyrocketed ten fucking dollars right after.

At 11:17am I couldn't take it anymore and sold all 32 contracts of TSLA $235.00 Put for an average of $54.00 per contract.

-$7,200 in 28 minutes. Tesla has beaten me down in the equity in my model 3 performance, in the stock market, and now in the form of options. I hate you Tesla.

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u/shortfinal 16h ago

Is there a reason why you waited to buy those $240 puts when the stock was trading at 270-282 all week?

Dude you lost more than twice what I've made in profits. I've been holding puts for weeks now, but they don't expire for months..

Wth?

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u/LifeIsYoursLiveIt 16h ago

I had no intentions of trading today. Saw a huge downward momentum on Tesla today. Huge swing and 0dte can make for an exciting morning.

Jumped in, got fucked, jumped out.

Was definitely a morning to be remembered! But it's okay, I will survive. $7k lesson... I will take it.

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u/shortfinal 16h ago

Well, you missed the train. It was going past the station you were at.

Just a thought, if you see a train moving fast, it's not for you. Get on the ones that are moving slow.

Tesla was at the station all week between 270-285 and you decided to get on while it was racing to the next station.

Turns out that station is only around 240.

I plan to get off around 200 so I made sure the train has a couple months to get there.

You grabbing at some bullet train like those crazy indian tiktok videos lol

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u/Glueberry_Ryder 10h ago

That’s a nice analogy.