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Will sell aggressively on a break of 171. If we do get an early week rally will sell -cc’s above the market but too soon to know at this time. 50day support is important in my view

this week’s thesis held up for a stress free Friday as my -c185’s will expire with full premium capture. 0.54 is less premium than I would like, but the best opportunity to sell was yesterday morning and I did not have the patience to wait, not knowing if it would come. Have a great weekend...

I looks more like $185 to me, what am I missing?

Apropos of the NVDA vs TSLA discussion

Continuing to focus on this thesis for next 2.5 days.. sitting on -c185’s… for anyone wondering those are the 12/21 MA’s in yellow and white

Thesis: TSLA Daily BB’s constricting and will contain stock price this week.

STO $185-cc for this week, for $0.54 in premium. Not liking the weak bounce off the low today and losing steam. Sellers still in control. Overnight news risk remains, but overhang of June 13 shareholder vote seems to be a factor here… range bound for now

I see $180 as a pivot point for immediate upside, since did not get it this morning, was looking to see if downside would develop below $171. Not yet… stuck in this mini-range. What keeps me from selling $185-cc’s right now off of a weak open is the possibility of overnight news. Over $180...

Thanks @Yoona you are the best and great to learn from

I have been on this board for a couple years and have found it very helpful as I continue to learn how to sell TSLA options consistently without getting into trouble.. I am a work in progress. This week I experimented a little with sharing my trades, and some of the thoughts that went along...

BTC $180 -cc for $.07, so total premium collected for the week was $1.01

Truly fascinating to watch TSLA price action today, as it became obvious that price was being drawn up to $180 but the market did not want to see it cross, at least yet. Machines at work..

More active than I thought I would be today… BTC $185 -cc for $.09 and STO $180 -cc for $0.32,…. Total premium collected for the week now at $1.08 assuming I collect all on the $180-cc’s

Re-sold $185 -cc on the break of $178 showing weakness on the 2030 sales goal news, for $0.42 premium

BTC $192.50 -cc @ 0.12, not worth hanging on for the remaining premium and will reassess whether there is any other opportunity to sell this week, or wait until next week

Update: Well, life got in the way yesterday as I had to tend to some family things, so was away from my desk the last 3 hours of the day.. ugh! TSLA did reach $187 daily supply, but I missed that opportunity to sell CC’s into that supply.. With some profit taking underway, I decided to salvage...

UPDATE: very constructive price action.. $180 was a big level to clear. If it can hold above $180 today we should see more upside. TSLA has been consolidating in a range below $180 for a couple weeks.. Will we only get $2 out of this move over $180?…. As Colin Cowherd likes to say, “say it...

At this point in the day any value in selling CC’s will likely have to wait until tomorrow.. if TSLA stays strong in the afternoon, it will portend a good overnight and morning tomorrow, so that is where the best opportunity will be for this week, if at all

As we approach the key $180, I am still waiting to sell any CC’s.. Always a chance that it could reject here and head back down and I will have missed my opportunity, but I don’t like the premiums for this week’s 190’s so will wait it out and see what happens later today and if there is a...

I will take it week by week, seeking to STO -CC’s on pushes up, and if there are breaks in support, will become more aggressive in preserving capital. So in all likelihood, assuming we will find out the results at the SH meeting after hours, will not have any options positions open, giving...

Sitting tight.. haven’t sold any weeklies yet given the straight drop at the open. Still rangebound and tight between $171 and $180

Yes I only trade weeklies, don’t like multiple week exposure

Will be playing by ear, but if we do get a move above $180 I am expecting $187ish, where I will consider -$195cc’s or -$200’s, depending on how things develop.. adding, the reason I expect $187 if we get above $180, is that on the daily chart the next area of supply is at the 100 day MA and EMA...

Closed this week’s -180CC’s at the close yesterday.. didn’t do anything today. Will let price action early next week dictate next options move. Current plan is to wait until we get above 180 to sell any cc’s, and if we don’t get that, will only sell cc’s below 180 if we break 171 and 168, to...

Completely agree. Looking at both the daily and weekly charts, if concerned about downside, then focus on protecting capital if price drops below $168.. as the daily and weekly Bollinger bands have room to the mid-140’s. But until $168 is given up, shorter term risk is to the upside. For this...

As it relates to this Friday’s expiration, is the market saying that it does not want TSLA to close the week above 180? That is my sense based on price action and the options positioning/GEX levels that others have posted… FWIW (probably not worth much tho)

I fixed it haha

This is very insightful. Thank you for sharing.

little salty are we EVNow? I have now gone through over 100 roundabouts in one week… there are many near me.. zero interventions.. sorry if I triggered you, just speaking to my experience. Was just trying to answer the question, and give my perspective. But you do you!

Yes. Order of magnitude better. Flawless at roundabouts which previously could not execute at all. Also can identify and slow down naturally for speed bumps. Just to give a couple examples. Check out Edgecase on X

160 Stock Option Max Pain

Thanks for posting these Jim (and Yoona)… two observations: (1) note Vanna for this week sub 160 as a counterweight? (2) net premiums yesterday were fairly red

Does anyone know why Tesla would have to make this filing, focusing only on this one exchange with an analyst question? I am assuming it might have something to do with Elon’s comment on the pending shareholder vote?

Market participants expecting 160-165?

Ya and Delaware was so beneficial 🤦‍♂️ btw Tesla laid out in detail the differences, pluses, minuses and all considerations of Texas vs Delaware.. its in their lengthy SEC filing if you care to read it

But at some level, isn’t it more important what the market wants to do, based on its positioning, versus what Elon will say.. especially since his words are usually twisted or capitalized on to further the interests of the big players in the market? Of course I have no confidence that the stock...

Gamma and Vanna for this week seems to favor upside, no? But I think events like earnings can override

Just ask Grok

Yes, it’s in the SEC filing itself. You can find a link to the full filing a little further up, but here is the relevant paragraph. This is the way the world works… outcomes in situations like this are pre-determined. Stockholders Want to Speak for Themselves. The Special Committee noted...

Look It has already been reported that 4 of the largest institutional shareholders already went to the company and said for them to do this, that they would support it. You think Tesla would take this step without knowing what Blackrock, Vanguard, T Rowe Price and others will do? That’s not...

His badge still there for me 🤷‍♂️

you're welcome Jim, glad you found it helpful. Those are the three services that make the most sense for a TSLA-specific trader.. pay particular attention to Caroline's timing windows which can identify inflection points. She also helps keep you grounded with her "no-trigger no-trade"...

Just to offer my understanding of this chart, the two targets are actually alternatives.. not successive targets. If price rejects sufficiently at the first target, we will be going lower toward the 170’s again before finally bottoming

I vote that @Yoona gets special dispensation to post whatever she wants here… her contributions to this board are valuable and including NVDA does not bother me one bit. Mods — let’s not screw it up this time!

I do find it useful, just replied to Yoona with an example. To expand on that a little, they are now showing potential waves that range from 200-210 (as a temp high), down to 160ish for a more major low. And the road to 200ish has an alternative path that could take us into the mid-170's...

Yes. You get stock futures/SPX with the base subscription. Zac's TSLA charts (along with a couple other analysts) are under the StockWaves sub service. They update TSLA every day. Carolyn then has her own service that also covers TSLA every day, using an entirely different methodology (not...

I have been an EWT subscriber for many years. Zac Mannes is outstanding at outlining targets based on fibonacci and Elliott wave theory, but requires a separate sub within the site to follow TSLA. Carolyn Boroden has her own paid sub-service which is good too.. Avi Gilburt is the master and...

https://teslamotorsclub.com/tmc/attachments/jan22tech-jpg.1011371/ @Yoona I find your insights on gamma exposures to be very keen, thank you for sharing your work here and I hope you will keep doing so even if you look at NVDA more

I didn't say anything about debits (or credits).. only talking about the extrinsic premium value that you can extract while waiting for price to come into your new strike levels