Wiki Selling TSLA Options - Be the House

[Jim Holder]

https://twitter.com/x/status/1767175226901618841

 

[mongo]

Berlin GF4 restarting production later today is being reported, TSLA looking like it would like to push a little higher, but the rest of the M7 lagging

I've slept on my plan to offload my 2200 TSLA shares and like the idea even more. I studied the future values of 2200 shares versus $230k cash and 29x June 2026 +c200's and there's very little difference as the SP rises

So I don't gain any big leverage, but I bolster my cash holding in case of a dump and add +7 contracts to write against

And why 29x -c220's and not 20x? Because I already have 11x June 2026 and 60x Dec 2025, so it rounds-up nicely to 100x, and then the 20x June +c200's cover the Dec -c190's I wrote last week with little, or no, margin requirement

Also have 26x Jan 2025 +c270's which are a bit down the shitter for the moment...

I'm seeing a noticeable difference on the up side after a few months, floor lines up.
However, this doesn't account for what your cash is doing nor your sold calls.

 

[Max Plaid]

Does your broker treat +C vs shares the same for margin/writing against?

Yes, they're basically just the long side of a calendar diagonal

 

[Max Plaid]

I'm seeing a noticeable difference on the up side after a few months, floor lines up.
However, this doesn't account for what your cash is doing nor your sold calls.

View attachment 1026631View attachment 1026633

I base it on this - sell 2200 @$175, buy 29x Jun 26 +c200 @$50 + $240k cash

If SP goes up short term, for instance to DL's $235 projection, the shares are worth the same, or very close to the calls + the cash

Obviously long term the calls will decay, but I'm going to sell out of them if the opportunity comes and sell weeklies with them in the interim

And if the SP dumps hard, I have more cash to deploy

 

[Max Plaid]

OK, did my swap Sell 2200 TSLA @$180, BTO 29x Jun 2026 +c200 @52.28

 

[dl003]

Need to close above 181 in 9 minutes to register an overbought on the 15m. Then we start a new cycle of strength from there.

 

[elasalle]

sold 30 210 CCs for .11 cents each .. game of pennies Will wait for some price appreciation until i sell Jan 25s.

big rug pull on NVDA .... but i think it will go back to 920s after CPI tomorrow ...

 

[Jim Holder]

Need to close above 181 in 9 minutes to register an overbought on the 15m. Then we start a new cycle of strength from there.
View attachment 1026641

Bingo! 10am @181.60

 

[dl003]

sold 30 210 CCs for .11 cents each .. game of pennies Will wait for some price appreciation until i sell Jan 25s.

big rug pull on NVDA .... but i think it will go back to 920s after CPI tomorrow ...

Not a rug pull per se. NVDA is back at level not seen since... last Tuesday? Pain to the FOMO chasers for sure.

This is how they orchestrate a mild pullback in SPY, by rotating leaders.

SPY is not done yet, only requiring a few weeks of healthy consolidation.

 

[BornToFly]

Anyone having problems with Fidelity Trader Pro on Mac today? I can't get it to open. Rebooting the computer didn't fix it. Anyone?

 

[Jim Holder]

QTA levels for today

3/15

 

[dl003]

Looks like I missed a gap & trap / exhaustion gap last Thursday. This could very well have been the last flush I was waiting for. Doesn't matter to the bigger picture, though.

 

[Jim Holder]

Looks like I missed a gap & trap / exhaustion gap last Thursday. This could very well have been the last flush I was waiting for. Doesn't matter to the bigger picture, though.
View attachment 1026649

Confirmation to close shorts here?

 

[juanmedina]

Pl

Not a rug pull per se. NVDA is back at level not seen since... last Tuesday? Pain to the FOMO chasers for sure.

This is how they orchestrate a mild pullback in SPY, by rotating leaders.

SPY is not done yet, only requiring a few weeks of healthy consolidation.

What is your target for SPY?

 

[dl003]

Confirmation to close shorts here?

Please, I don't need confirmation here. 171.7 is the bottom. Firm.

 

[dl003]

Pl


What is your target for SPY?

No targets. just play it day by day.

 

[dl003]

Looks like I missed a gap & trap / exhaustion gap last Thursday. This could very well have been the last flush I was waiting for. Doesn't matter to the bigger picture, though.
View attachment 1026649

This is the type of thing I can miss and need someone to point out to me, btw.

 

[ChiefRollo]

Berlin GF4 restarting production later today is being reported, TSLA looking like it would like to push a little higher, but the rest of the M7 lagging

I've slept on my plan to offload my 2200 TSLA shares and like the idea even more. I studied the future values of 2200 shares versus $230k cash and 29x June 2026 +c200's and there's very little difference as the SP rises

So I don't gain any big leverage, but I bolster my cash holding in case of a dump and add +7 contracts to write against

And why 29x -c220's and not 20x? Because I already have 11x June 2026 and 60x Dec 2025, so it rounds-up nicely to 100x, and then the 20x June +c200's cover the Dec -c190's I wrote last week with little, or no, margin requirement

Also have 26x Jan 2025 +c270's which are a bit down the shitter for the moment...

I like round numbers too; mine are just an order of magnitude…or two…smaller.

 

[BornToFly]

Anyone having problems with Fidelity Trader Pro on Mac today? I can't get it to open. Rebooting the computer didn't fix it. Anyone?

Called them. Required going into the hidden Library folder, Application Support, and dragging Active Trader Pro to the trash. Then dragging Active Trader Pro application to the trash. Empty Trash. Restart computer. New install. Just reinstalling like I did this morning without wiping the folder in the Library/Application Support won't fix the issue.

 

[Knightshade]

That based on Wicked Stock timeframes of 8 weeks but we should see a bounce up there in 2-3 weeks. Going furthur is safer but the cost is higher.

I guess that can be offsets by a spread or going higher OTM. Im planning to wait till Tuesday and see how the SP react to CPI. Safer then jump gun on Monday.

FWIW buying 5/17 $200C is $8.25 right now, but making em spreads against 5/17 $205C is only $1.35--- seems one would rather have 6 of the spreads vs 1 of the naked +calls if they think it's gonna top around $209 by then?