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  1. M3Rider

    Wiki Selling TSLA Options - Be the House

    I would like to get ~100/contract. So if we can make it to around 750-760 the strike would be 1600. Reversal would really suck. We didn’t even have a proper rally since 5/20.
  2. M3Rider

    Wiki Selling TSLA Options - Be the House

    Closed 20 of 30 2024 CCs I sold at $760 for some $50k+ profit…actually paid off $400k of 7/2022 1000-1100 40bps losses that I rolled last year when Elon screwed those up with his share sales. 2024 CCs I started selling at 880 till now paid for bps, now I’m broke again. Can’t sell weekly CCs...
  3. M3Rider

    Wiki Selling TSLA Options - Be the House

    Seems some bears are covering, I’m hoping the bear rally will be back after FOMC mtg.
  4. M3Rider

    Wiki Selling TSLA Options - Be the House

    I’m assuming at least till EOY Sold 30 2024 1600 calls for $105 when we hit $760 and was expecting us to go higher and to keep selling more, but with this CPI it’s a 2nd blow after Elon’s email. Bears got it wrong this time, they expected green today…Still I see Wifey insisting the rally will...
  5. M3Rider

    Wiki Selling TSLA Options - Be the House

    I think this is related. I mean, what do we post, I sold bps/bcs 20% away from SP and hope it works? This tweet and today’s news it seems will have a pretty significant effect. Of course, market is bipolar and may take a week or a month to react and meanwhile you may get some lucky guesses as...
  6. M3Rider

    Wiki Selling TSLA Options - Be the House

    Damn so Elon single handedly killed the rally? Btw check out this tweet from 2 days ago:
  7. M3Rider

    Wiki Selling TSLA Options - Be the House

    None of you share insights like this: Anyway, I’ll shut up now, the prediction still needs verified.
  8. M3Rider

    Wiki Selling TSLA Options - Be the House

    I’m still learning the wifeyspeak and it’s not in the dictionary Also, don’t know how to look up $ES but I understand it’s SPX futures, so if SPX is up $76 today and futures goes up $90 (at least intraday) tomorrow, that sounds like a greener day than today to me.
  9. M3Rider

    Wiki Selling TSLA Options - Be the House

    Crystal ball prediction for tomorrow. You don’t get this from Cory.
  10. M3Rider

    Wiki Selling TSLA Options - Be the House

    Honestly, timing the market like that multiple times is a tough job. Nobody knows how many iterations it takes to reach the bottom. Does capitulation happen now or next time. If you act early you may get screwed. ES has his targets of best case 10k, worst case 7k. I’m sure he’ll act @ ~10k...
  11. M3Rider

    Wiki Selling TSLA Options - Be the House

    Yep, the reason I feel at ease following them is they have no beef with Tesla or Elon Musk, so I feel they are not the TSLAQ crazies who always want TSLA to crash, if needed along with the market. ES I believe owns a Tesla and I have a feeling will load up on TSLA at the bottom to the gills...
  12. M3Rider

    Wiki Selling TSLA Options - Be the House

    This is not a random guy, ES is the guy I’ve been following since like Jan and pretty much everything he says comes true, often even on a short timeframe. I have a lot more trust in him than in guys on the main thread when it comes to bear markets. They’ve been wrong, he’s been right, it’s as...
  13. M3Rider

    Wiki Selling TSLA Options - Be the House

    In other predictions, Corey from The Stock Channel expects bears to jump in @SPY 420 and more at 430. This correlates with So, 2 more weeks of growth, then back to bear market. Let’s see how this works out. So far, these bears were more right than permabulls in the other thread.
  14. M3Rider

    Wiki Selling TSLA Options - Be the House

    In wider context, seeing “1000 by July” posts… Elon said we’re in a recession and they last 12-18 months, right? It’s been 6 months since November. So, we have 6-12 months more to go by that metric. ES, Wifey talk about some bleak future, using words like “it will be worse than ever before”...
  15. M3Rider

    Wiki Selling TSLA Options - Be the House

    I enjoy following https://twitter.com/WifeyAlpha?s=20&t=g4Tfux4CRortCpAremVCxg (This is a guy, opposite to what the handle says) for market predictions. Pretty close so far. Last time I quoted him when it was a CPI day and everyone thought the market would rip, the opposite happened per...
  16. M3Rider

    Wiki Selling TSLA Options - Be the House

    If you have no current margin obligations, bottom is definitely the best time to sell leap puts(and maybe buy leap calls with the money). I would suggest though not to put 100% into this at one time, but cost average in case we go down to 500 or less. You may get better prices. Also, plan on...
  17. M3Rider

    Wiki Selling TSLA Options - Be the House

    For perspective, if Nasdaq drops 10% more, TSLA can drop 20%: We could have a bear market rally though for now and then come back down. TSLA fundamentalists no longer working, it’s a hostage of a bear market. We either have a panic and capitulation or a prolonged pain, prob another 3-6...
  18. M3Rider

    Wiki Selling TSLA Options - Be the House

    Never followed Squawk. That guy is manic depressive. Blaming everyone when stock goes down. Kept calling himself investor while closing his positions every 10 minutes. I don’t get why Elon responds to him, prob due to the followers count.
  19. M3Rider

    Wiki Selling TSLA Options - Be the House

    So it’s a 10k
  20. M3Rider

    Wiki Selling TSLA Options - Be the House

    Or rather ES https://twitter.com/defnotES2?s=20&t=sda0K8atQQm6oipRkV0nAA He’s been a bear since November. I kept reading and not believing until recently. We might be close to the bottom. He targets Nasdaq 10-11K. I’m thinking from this level capitulation will take us below 11K.
  21. M3Rider

    Wiki Selling TSLA Options - Be the House

    I was an idiot and kept bps open after Elon announced his Twitter purchase. After 2 days of pain and no clear picture what’s going on, I had to stop the bleeding and sell 200 shares to pay for losses on 20 bps. Duh, that was Elon selling. I also sold 2024 1600ccs @165 at sp 880 at that time as...
  22. M3Rider

    Wiki Selling TSLA Options - Be the House

    Dang. Now that I think about it, the last message wasn’t clear if CPI was expected to be higher or Market to drop despite a lower CPI (that would be an interesting result) The result is as expected, the expectation is not clear.
  23. M3Rider

    Wiki Selling TSLA Options - Be the House

    Exactly, like everyone is expecting. A moment of truth tomorrow. Will be very interested to see who’s right: Or
  24. M3Rider

    Wiki Selling TSLA Options - Be the House

    After reading es2 and watching stocks channel vid it seems we have 2 options - hitting support tomorrow and turning green (per Cory support is 393 SPY or 762 TSLA), so about 1% and 2% fall respectively, so this can happen early in a.m. Then green. Or busting through support and puking (margin...
  25. M3Rider

    Wiki Selling TSLA Options - Be the House

    I’m mostly staying low-risk and away since the start of the war, which I misjudged the probability of by thinking Putin has some common sense. Well, I was mistaken. Seeing you guys hoping for strong rebounds and bull runs has me amazed too. You just saw what market thinks of QT and rates...
  26. M3Rider

    Wiki Selling TSLA Options - Be the House

    Don’t want to risk my low cost basis shares on the low strikes, so sold 3/18 1200ccs @2.65. Would be great having to roll these. Not much premium, but better than nothing considering we keep going down and I’m not sure we gonna have that big pop soon, which would be a good opportunity to sell on...
  27. M3Rider

    Wiki Selling TSLA Options - Be the House

    I bought 50 shares @884 today with options premium money for the last couple of weeks. Was considering how to best position myself given all the bps I rolled. Buying them out is expensive, better to wait for time value to go away. Collecting cash would be the best to buy them if needed when the...
  28. M3Rider

    Wiki Selling TSLA Options - Be the House

    Watched a bunch of stuff today. What I kinda liked the most was Cory’s vid where he said the market always tries to hurt the most people (I thought HFs and MMs, but whatever). Anyway, a lot of people are bearish, so maybe an opposite move is warranted. He was pretty bullish there and considered...
  29. M3Rider

    Wiki Selling TSLA Options - Be the House

    Why is AM green? What’s going on? Ahhh AMZN
  30. M3Rider

    Wiki Selling TSLA Options - Be the House

    The pinned tweet from November called Nasdaq max in November. Don’t know what was before. The rest is based on Fed’s actions, for ex. The March projection is from the same train of thought. The last couple of weeks when we thought we could not go any lower every single day, he called most...
  31. M3Rider

    Wiki Selling TSLA Options - Be the House

    And btw, I don’t believe Putin will invade Ukraine. Just listened to a bunch of YouTube videos, U.S. has supplied tons of weapons and ammunition to Ukraine that far exceeds what’s amassed at its borders - 100k troops, 1500 tanks, 3000 armored personnel carriers. Any capability of Russia’s remote...
  32. M3Rider

    Wiki Selling TSLA Options - Be the House

    While I want to believe that, I am now burned and more willing to listen to a possibility this account is talking about, It’s been dead on on the recent events and even most of the timing, wondering if it’s the same as tivoboy on TMC, projections are very close: I did not believe it. It...
  33. M3Rider

    Wiki Selling TSLA Options - Be the House

    This is not bad at all, assuming 52 weeks/year, 104 weeks, at close to 1/week premium this is a normal lower-risk, but not low weekly premium. For next week that’d be 1025 strike, which I’m not comfortable giving up my shares at if the market suddenly reversed. If these are not core shares...
  34. M3Rider

    Wiki Selling TSLA Options - Be the House

    Well, was managing my 1/28 spreads yesterday and today. Since 60x 100-width spreads were fully ITM, moved them up and narrower to 12/16/22 -1100/1050 at probably ~20 debit. Today my 75x -910/710 breached midpoint…tried to roll them above midpoint to -1190/1090 Jan 2024. Got some credit and...
  35. M3Rider

    Wiki Selling TSLA Options - Be the House

    Yes, with macro in the dumpsters, we may continue to have a downtrend until the FED’s actions impact is mostly out of the way. I don’t have high expectations from Feb/March, can go either way. So, I don’t want to manage -1050/950 again if I roll it too near, so moved to July. I still have...
  36. M3Rider

    Wiki Selling TSLA Options - Be the House

    I rolled my -1050/950 to July -1100/1000 for some ~7 debit. With max pain at 1000, wanted to de-risk and get these out of the way. Still holding -1020, -1000, -955 100-wide bps.
  37. M3Rider

    Wiki Selling TSLA Options - Be the House

    That was a nightmarish Monday. Whew. I’ve held on to my bps, but rolled 13 puts to 1/24 to get extra $200k in preparation for taking full losses later in the week if I have to. 2 more days to survive, then I can start figuring out what and how to roll.
  38. M3Rider

    Wiki Selling TSLA Options - Be the House

    It seems many are looking for red Monday open, then short covering begins. So, I’m wondering how long we stay red and what’s the bottom. Will likely fill the gap fully though.
  39. M3Rider

    Wiki Selling TSLA Options - Be the House

    Mine are probably worse. Without some bump up next week I’m looking at max losses. -1050/950 -1020/920 -1000/900 -955/850 -910/710 Some are rolls. May end up rolling to, like, April or EOY to save whatever can be saved and stop trading until then. Looks like rolling yesterday to April would...
  40. M3Rider

    Wiki Selling TSLA Options - Be the House

    Bought 1/24 900c @350 and @360 Added 30 shares @955 for a round number, so I can sell a call. Had more orders for 1/24 500c 1/28/22 1200c That didn’t trigger I was thinking we’re closing gap to 937, but for some reason that didn’t happen.
  41. M3Rider

    Wiki Selling TSLA Options - Be the House

    Closed all my bps for 1/21 Added 1/28 -910/710 bps @11 And bought 1 1/24 900c @380 Today completed converting my 2019 calls into shares.
  42. M3Rider

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    After 1/26 ER we’ll see 8XX by 1/31?
  43. M3Rider

    Wiki Selling TSLA Options - Be the House

    That 240x was bought I think in 2019, like the next day after the 1/22 expiration date was added. So, holding 2+ years. Will be exercising tomorrow all my 1/22 and 6/22 calls. Sold today a bunch of short term shares I held as savings to pay for them. Playing this LIFO game where I have to pop...
  44. M3Rider

    Wiki Selling TSLA Options - Be the House

    Buying LEAPs has been a pretty good deal the last couple of years. I still hold some and added a few for 1/24. Tesla’s rate of growth is still under-appreciated and FSD-lotto can make odds of winning better. Short term calls are more challenging as MMs can screw you if they wish regardless of...
  45. M3Rider

    Wiki Selling TSLA Options - Be the House

    It’s amazing how many times we go from utter despair to elation in a scope of 1-2 weeks. I’m losing sensitivity somewhat, overslept market open by 30min today with my remaining 1/14 -1020/920 bps. Also got 1/21 -955/850 bps (rolled yesterday from 1/14 for +6 credit) 1/21 -1050/950 bps (opened...
  46. M3Rider

    Wiki Selling TSLA Options - Be the House

    Rolled -1050/940 to 1/28 -1050/950 for $1 credit. Keeping the other 2 bps for now. Rolled 15 1150 & 1180 puts from 1/21 to Feb/Mar and used extra premium to cut the number to 13 to get extra margin.
  47. M3Rider

    Wiki Selling TSLA Options - Be the House

    Wow 😂 I’d be like not worried at all with these kind of strikes. You can just keep rolling the same strikes week to week if we get close to 900-950 and collect nice premiums on them. I have hard time seeing 900 in 3 weeks(after ER) or 800 before that. There’s a limit how low we can go after Q3...
  48. M3Rider

    Wiki Selling TSLA Options - Be the House

    If this is related to 1/21 like Papafox said, the pressure might continue. It’s sad they can manipulate SP that easily, but it is what it is. I only bought a small number of Cs for after ER(which is after 1/21) and might add more. Will replace some shares with 2023 calls if we go lower. Short...
  49. M3Rider

    Wiki Selling TSLA Options - Be the House

    It’s nice when you have profits to clip 😅 I just moved today my 1/7 100-wide bps with 1050 short legs to 1/14 -1020 and 1/28 -1000 with minimal credits. Surviving mode…hate it. Bought some calls too. 1/28/22 1100c 1/20/23 1000c
  50. M3Rider

    Wiki Selling TSLA Options - Be the House

    Like p&d never happened. Depressing.

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