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Rolled the 50X 170CCs to Jan 2025 240 strike for $5.6 credit. That was the entry for the 5,000 shares. If we are at or above 240 in January then lots of my old BPS spreads that expire on the same date will expire worthless.

Well, Macro is trying to help my 170CCs for today. I will wait until the end of the day when all Theta gone, and then either roll to end of June 180 (for about even), or Jan 2025 240 strike for a credit. I'm just worried that we are 200+ end of June, and then rolling will be very difficult, so...

Definitely an EV rally today, although companies losing lots of money had more stock buyers. NIO up 9.53% and RIVN up 7.34%. 🤦‍♂️

I don't know. I was hoping for at least sub 175 tomorrow, but not looking good at the moment.

My gut feeling is that TSLA goes up after the Shareholder meeting, even if the vote goes against Elon (because of other good news at the meeting). Between FSD and CT ramp, and possibly new Model Y, I think TSLA goes up from here. So I'm trying to get out of all my ITM CCs before then.

OK market. Now would be a good time to start the old TSLA fade.... (Begging for a friend)

I'm thinking of throwing in the towel on my 170CC and just rolling them up and out to Jan 2025 240 strike (which is the price I paid for those shares).

We already knew Tesla was going to bring FSD to China. My 170CCs are hoping this was just a pre-market bump that corrects during the day today and tomorrow....

Futures are down so far. I still have 170CCs for Friday that were a multi week roll after the earnings pop. The closer we can get to 170 by Friday close the easier they will be to manage....

I've had the CT for a month now, and words can't describe how much I LOVE this truck. Not only is it insanely quiet and smooth on the highway, but Steer-by-wire is a game changer. I don't even want to drive my Model S anymore. Having to turn a steering wheel more than a full turn to make a 90...

Sold next week 202.5CC on this opening pop.

Interesting. Last week Customer positioning for Friday was a massive Red bar. Now they are showing Green???

Ended up selling some 197.5CC for next week. I don't see us getting over 200, and setting new highs since March 1st, the week before the Shareholder vote.

My premium target for 192.5CC isn't being met. Anyone think we are above 190 on Friday?

Sold 50X CSP -175 for Friday near the bottom. Waiting for some recovery to sell 192.5CC.

I really don't know what to make of this. "Flow Sentiment" is still Bullish, but "Customer Positioning" for today changed to a big red bar. Which is it?...

Market closed Monday. Are we expecting a Red day Tuesday? (Asking for a friend who wants to sell some CSP for next week)...

Sold 197.5CC for next week. Will also sell 200CC if it hits 0.25

Interesting. Tradytics shows Bearish next week.

I'm never clear on the timing for what you expect to see. What would you do with 170CCs for next Friday? Roll them up and out now, or wait a little longer?

Look at the giant red bar for next week on customer positioning per tradytics. This is giving me hope for my 170CCs next week. Does it hold water?

I was in surgery today after selling my 192.5 and 195CCs for Friday. On a separate note, I wish I had rolled my 170CCs for next week to end of June 180 yesterday when I had the chance. Now it's a debit, just like rolling them to Jan 2025 240 strike is now a debit. I'm hoping for a little...

China numbers indicate 2024 will surpass 2023 soon. Delivery center reports in the US say Model Y sales have exploded with 0.99% financing. Add CT sales and 2024 should beat 2023.

Sold 195 and 192.5CC for Friday on the opening pop.

Over the weekend Elon agreed with a post that if the pay package doesn’t go through, and he doesn’t get 25% control of Tesla, he is taking AI elsewhere. So he won’t leave Tesla, but he will remove and take a potentially significant portion of TSLA’s future value elsewhere. I would think that...

I can now roll my 170CC for next week to end of June 180 for tiny credit. Should I do it?

I missed selling 195CC at the open for 0.3 by 5 seconds. Now I sit on my hands

Are we bearish now? (Asking for a friend)

I'm letting mine run. I want the final 0.08 = $800

Is this website slow and laggy for everyone lately?

I have two things I'm trying to repair at the same time. I have 50X 5/31 170CC on shares I don't want to lose. I have shares I'm trying to get back that I purchased at 240 and got called away at 160 (current cost basis from sale of Puts is 169). Maybe I should fix one at a time. Maybe I should...

It looks like the short sellers responsible for the massive red candles at the open are slowly buying back. TSLA probably closes above 177. Just a guess.

What do you do with the original CCs that haven't expired yet? Buy them back for a profit and then start the repair?

QQQ at ATH and TLSA still down more than 50%

At what point do you start the repair strategy? If you buy SMCI today, and sell CCs one month from now for 700 strike. If the SP goes down below 700, do you wait until the CCs expire in a month?

I'm scratching my head. QQQ keeps going up and TSLA flat for an hour. Other EV stocks are getting hammered. Only GM is up (because Mary lead....).

When you sell the 2X CC for stock repair, are half of those naked?

QQQ has been rallying for the last 30 minutes and TSLA is flat. Will it close the gap...?

I have end of May 170CCs that still have almost $5 extrinsic in them. I could roll to end of June 180 for minimal debit. I can wait longer and hope I get lucky with a drop in SP. I could roll to Jan 2025 240 (but then I have no income from those shares for 8 months). Thoughts?

I will be surprised if the SP doesn't recover based on Elon's FSD Tweets about FSD monthly take rate and 12.4 coming soon with 10X fewer interventions. This drop doesn't make sense to me.

I don't know. You might get your chance to sell again on a bounce, and then YOU win.... ;)

NIO and RIVN are down 3X TSLA, so this isn't TSLA specific attack. Because of this, I'm not closing out my CCs for Friday.

Yes. I'm hoping 187.5 doesn't get breached by Friday. I would think CPI ends the rally tomorrow, but 1 hr and 2hr MACD suggests this climb continues.

Yes. I'm hoping 187.5 doesn't get breached by Friday.

I was hoping that after 5 days of lower highs last week, that this week would be green. BUT, I was scared it would keep going down, which is how I ended up selling my CCs too early yesterday on the first sign of green at the open.

???

The only worrisome thing for selling CCs is that the 1 hr and 2hr charts show a reversal from last weeks decline. (At least that is what I see)

I sold 187.5 and 190 WAY too early yesterday.

I sold CCs for Friday....