Quick summary.
Beginning of April: bought TSLA 04/29/22 Put 1030 and TSLA 05/20/22 Put 975.
I was in that short position since price went through 1110.
Believed in tp 950 or below. Many doubts though. Wanted to get out many times. But did not, meaning I did not use a stop loss and took full risk.
Closed on April 20 the 1030 put with 65% profit.
And yesterday, April 26 the 975 put with 160% profit.
Patience was very important!
Question: should I have used a stop loss in that scenario because of the volatility of the price and the significant theta decay?
I’m a newbie. Try and error and just guess work. No financial advice!
