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Been a while - too juicy to stay away. Opened a ratio collar at open - STO - $180C for 4/19 BTO - $155P for 4/19 Ratio 1:3 (1 call / 3 puts) Small Credit Haven't been able to post in a while - sold almost all shares (down to 1119 shares - no leaps) to buy a business in September of last year...

For those wanting Model 3 refresh in the U.S. (and Canada) don't hold your breath until Q4 and Cybertruck release event. This will be the 1 more thing they add - sales and delivery will start immediately in Q4 with CT release. Makes sense for financials and end of year push. But hey Q4 is...

STO 01/24 $310 CC - $13.50 each around open. GLTA - will close out if 50% presents itself before expiration.

Just sold 10/20 $275CC's for $12 each - will close out on a retest of $240 or wait till right before P&D report to close

I am targeting $195 for the end of the drop - 200 Day is sitting at around $196 - lots of stop losses are at $200. Once that cracks it will drop fast and blow through the 200 and that is where I "believe" we will find support. That is typically very strong, we only (IMO) went below it last...

Right now I have converted ($275-$280 sells) a ton of shares into 4 week treasuries - I'm doing 4 week rollers - each week one batch expires and rolls to the next 4 week expiration - Currently paying over 5% Also loading up on SCHD (for market exposure and dividend) and VTI - both low expense...

I'm still bearish through the beginning of September - there really isn't much in the way of Macro news to help. No scheduled Tesla news P&D is long way away Gaps to fill and the 10 yr. is screaming upwards - over 4.2 yesterday Still going to be selling ATM calls and buying 10% OTM puts for...

The Calls fund the Put purchases - so whatever that gets me - usually 10% OTM +P is somewhere in the $2 range and the ATM -C is somewhere around $5. So I am able to get a little more than 2 for 1 Bought Puts to Sold Calls. Yes - the Underlying shares have a CB well below where we are now. In...

Uh.... Q3 doesn't end till September 30th.... I am talking about end of August $225 or lower and September is when the new 2026 Leaps open up - so sometime between August 31st and September 21st is my sweet spot looking for Leaps.

I am not ready to buy calls yet - I am waiting till September - or if we drift below $200. I think we will be sub $225 before end of month - Positioning accordingly Open positions right now are 08/17 - $230P and 09/15 $230P's all bought last week. Right now also selling calls on Friday - for...

September they open up for January 2026 - cheers!

STO 10/20 - $315C's for $8 earlier STO 10/20 - $225P's for $8 as well Just getting some sushi money and taking the premium for a rainy day right now -

Either direction - that's the thing - IV is so low that to get any premium you need to be closer to the money - which is more dangerous.

Got stopped out of my SPY collars and my Bought Puts - Closed out the calls for a $2 gain from yesterday that covers the loss (almost - fees got me for a couple of bucks) I guess the PCE this morning gave the market what it needed. IV for next week is extremely low. Be careful out there.

STO - 08/04 - $260C's - $10 each BTO - 09/01 - $220P's - $2.50 each Market is in the 3 day digestion period after Fed yesterday and I think we get a market half flush that will be accelerated by profit taken from momentum traders that rode this up for the past few months. I also have some...

No offense meant here but IV always crashes after a binary event like earnings - this contrasts with IV last week on the day of earnings (prior to release) of almost 100. IV steadily builds towards binary events like P&D, Earnings and most of the Tesla events like AI day, or Product launch...

I closed the rest of my $275's at $14 when the uptick rule hit. Not mad about that! $12 gain per for less than 24 hours.

Looks like I got it right this time - closed call side at 95% this morning - sold half the bought puts as well just now at $4.25 each Letting the rest of them run till tomorrow. Nice week!

Yes - all Friday expiration. I'm still long a good number of shares outside this for upside protection but definitely don't mind having shares called away at these prices.

Hard to stay away - STO $300C - $10.50 each STO- $325C - $3.25 each BTO - $275P - $2.25 each Small positions but playing with earnings is hard to walk away from. Plus I am thinking to convert some core shares to cash for a business venture that I started late last month and wouldn't mind the...

I know you have been around for a long time and around here so I will save you the normal read the first page stuff - but there really isn't some set it and forget it. If you have a position that is monthly just be ready to roll just like weeklies or have it assign / called away. Not really...

One of the reasons I miss @Discoducky posting - was a treasure to have someone so knowledgeable from the inside tell it like it is. Come back please!

Free roll to June 2025 - $240's.....

To piggyback on the @Max Plaid post - I am slow this week just hoping for a close above $260. Have shares from 2 weeks ago $265 straddle put to me at CB of $251 that are tied to a $260CC In addition to that I have ALL of my leaps up for LCC's today at on $260Calls - will be converting these to...

Uh.... The best thing you can do for your TSLA investment is to drive a Tesla. There is literally nothing you can compare it to in the ice world if you don't drive a spaceship everyday. This is financial advice!

OT - I missed seeing you around sir.

It will be fine $265+ close today - not advice..... Edit - lol.... I was very wrong so far....

Closed my 06/23 $275C's for $0.25 each - opened last week at $4.50 Glad I was at the beach this week and missed when they went ITM.... Just opened for next week 06/30 - $250P's for $10 each Gotta love that opening IV spike! Looking to open more $275's for next week on a pop. Looking for...

STO - 06/23 $275CC's - $4.50 each - not naked but a good time! For clarity - we will not know if Buffet purchased TSLA until the quarterly disclosures come out for Q2 which I believe is September - unless he bought a massive amount that needs to be updated immediately following the 3 day rule.

Holy COW!!!! Just saw this Dark Pool print for TSLA today at $248 - $20B!!!

Just watched - this is interpretation. Could be his idea of a synthetic - Sell the Put / Buy the Call Could be opposite - Sell the call / buy the Put Could be a Straddle - sell both For the position size and timing (right around earnings) this to me is a Straddle - theta burn and up or down...

Not sure how the "Max Pain" website charts things but they have been there since 2021 - probably just a rendering feature of the site. For tomorrow - There will be a huge increase in activity in the afternoon and late day liquidity is fine - might take time depending on what side of the bid /...

This is the Quad - so weekly, monthly, quarterly and yearly - these would be $2475's presplit and about 2 years old - So likely someone thought when we were at $1200 that we would be at $2475 this week and paid for them - on the other side, someone said - Yes, I will sell you another share...

Of course, I'm not upset at the position, just upset that I let my emotions get to me - I want to exit some of my leap conversions I did earlier this year and late last year - when I converted a lot of shares to the June and December $200C leaps at very cheap costs. But I want to do it at the...

First off - love the new jet pic! Second - this is no coincidence! It is not only TSLA Quad witching but the whole market. Powell did his job well. The whole market needed to be brought down for tomorrow. I thought this last week - but I just couldn't believe it this week! I rolled my June...

I think the reasoning for July and August looking that way is that they just opened up - The weeklies only open up 30 days prior - just a 2 weeks ago there was nothing between the June 30th exp and the July Monthly and then nothing till August monthly. So what I am seeing is people selling puts...

Sure would be a shame if Elon and the CEO of VW (forgot who it is now that Diess is gone) scheduled a Twitter spaces for tomorrow to announce they have adopted NACS....

Just sold a $265 straddle for giggles. $14 - just one

I guess this is invalidated now... Not sure how far we go but I need to do something with my $230C's for this week - probably tomorrow around 3pm unless we break $265 - not sure what to do at that point - will need to reevaluate.

Buy to close existing spread - Sell to open new spread but opposite strategy - ie. existing is calls - sell to open puts has to be the same amount for even credit - Example BCS - to BPS Would need credit to offset. Roll is the roll out in time. I personally do not like this much since we...

the only non advice is - figure out if you want strike improvement or credit. If strike, roll out to stay in contact (meaning close) to the underlying without adding too much time value. If credit, figure out what strike you are ok with letting them exercise and go for that with credit. For me...

I think the fundamental thing that is happening - RIGHT NOW - is that the market is finally waking up that no one is coming for Tesla..... They are coming with Tesla, behind them, using the tools that Tesla has built and that Tesla is the King! They can be lots of princes but the King eats...

Made some purchases this morning - 2 weeks (06/21) out on the SPY Puts - 420P - $1.80 each More $205P's bought on TSLA this morning $1 each - 06/16 Sold some more $230C's for 06/16 - $6 each If I'm wrong I can always roll these out and up to past $250 for a cash conversion. If I'm right about...

Well.... This aged extremely poorly.... lol Not concerned as I have a bunch of theta to burn and these are not ITM yet... I still have July $250's that are well red and the plan was to open some $250P's to straddle these which I am looking to do this morning. Will wait and see for next week...

IMO (and keep in mind it's not a great opinion) During the closing cross it looked to be another fund gobbling up shares. Which caused the price spike from $219 --> $221+ During after hours shorts are covering because of the bullish close and now it looks to me that TSLA has broken the down...

STO - 06/16 $230C's for $4.50 each on the rebound to 221 recently. Now I'm all set for next week (on a Tuesday) yay for the theta burn.... if I can be patient. The $210 P's I sold earlier are already at 70% and I might close those soon just because...

Yes Sir - at least it says so on their calendar. That's why I think there is a great opportunity for bought Puts and to sell ATM Calls for next week. Just haven't opened the call side yet, looking for a good pop - should have yesterday...

Opened a Diagonal Put spread - STO 06/09 $210P's for $2.75 each BTO 06/16 $205's for $3.50 each Net Debit $0.75 each - Betting that the Quad and CPI next week gives me a high probability of profit on these. First time doing one of these and seeing the dynamics. Tried a Calendar Call Spread...

This morning rolled all of my 06/23 - $250C's to 07/21 $250's (same strike) Initially received $1.50 each and they were sitting at $2.75 prior to the roll- so down $1.25 each Roll was $8.50 minus the $1.25 - so net for the roll was +$7.25 Also BTO some $210P's for $1.85 each - looking to hold...

All, Keep in mind next week is one of the two "Quad Witching" events for the year. Meaning we expirations for - Yearly Leap Quarterly Leap Monthlies Weeklies This only happens twice a year - with the December and June expirations as they are the first to open for Leap purchases. Right now the...