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  1. UltradoomY

    Wiki Selling TSLA Options - Be the House

    If you can't lose them - selling them was a bad idea... not trying to be mean, just facts. Roll out and up if you can't lose them, there is always a roll out and up... even if that is in 2024 or 2025. This is not a game of free money - there is massive risk with options - which hopefully you...
  2. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I plan to let my $170 CC's execute next week (got $1 for these) these shares were Put to me at $175 and with CC sales my cost basis is around $160. Will convert that cash to 30 x $200 Leaps for the June 2025 strikes at what I am guessing is going to be about $50 per contract at the time. Not a...
  3. UltradoomY

    Wiki Selling TSLA Options - Be the House

    It is a monthly though - which means - weekly and monthly expirations and it has been open for more than 90 days. Probably a lot of buyers / sellers from the lows in December making bets that have been well hedged already.
  4. UltradoomY

    Wiki Selling TSLA Options - Be the House

    You don't have to stop - I would have DM'd you but your DM's are not open. Just asking for more commentary or why you thought it was important to share - obviously you saw something - just share what your thoughts are with that in the post. I don't know why Wave C has any meaning in this...
  5. UltradoomY

    Wiki Selling TSLA Options - Be the House

    So, could you elaborate on what you think with this @Yoona we all appreciate your data driven posts but lately posting a twitter screen shot isn't giving us any insight... Not trying to be snippy but you posted numerous of these with nothing else added.
  6. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Closed these BPS opened ITM from last week this morning at $3.25 each. Pocketed almost $5 each from following an ITM BPS trade I had high confidence in.... normally I would say Whiskey money, but since I am doing dry January... Sushi money?? Just trying to post more of my activity - seems most...
  7. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Just STO - 02/03 - $175CC's for $1 each - these are all from shares Put to me at $175 minus premiums. IV for next week is looking still pretty good as of now.
  8. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Just to put some thoughts out there... This is not a squeeze (definitely not a gamma squeeze) This is good macro = TSLA up This is run up to earnings This is some small amount of short covering (smart ones) This will be new shorts opening (soon) IV is high, all the round numbers are going...
  9. UltradoomY

    Wiki Selling TSLA Options - Be the House

    This is not correct - the premium received was $8 per contract and the max loss is the premium / minus spread width. I just opened this (and not my first time doing an ITM BPS) you take the spread width x 100 and subtract premium x 100 for total risk. Which in this case is $1500 per spread -...
  10. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I just copied this BPS - so fun doing stuff like this again. STO -$140 / +$125 BPS - $8.20 each Small position but gets the juices flowing!
  11. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Have a STO order sitting waiting 01/27 $150CC's again $2 each.... Probably need $135 for it to hit, maybe before lunch...... please.
  12. UltradoomY

    Russia/Ukraine conflict

    Don't forget - some men just want to watch the world burn. They forget that hope, life and liberty are of the utmost importance. It's a sad existence to want people being slaughtered to lose even more than they have including their children. I also enjoy the use of the ignore feature.
  13. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Today - Closed out my 01/27 $150 CC's - sold in 2 batches (last Friday and Tuesday) for $1 each and $1.6 each - closed for $0.90 each today. Total gained was $0.55 each. Not amazing but seeing them at $3+ yesterday had me thinking about closing them if the opportunity presented. Will look to...
  14. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I think the market isn't as interested in the print for earnings - it is going to be more interested in the forward looking statements and what they say about the pricing strategy is for guidance. We already know they are going to guide for +/- 50% for the full year on production. The market...
  15. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I would agree if we were still priced to perfection (i.e. $300+ share price) but right now we have a P/E TTM of 36 and going down in a week if the share price stays the same or goes to around $150 with earnings. The FCF is still growing ang with price drops we can still grow 40-50% in a...
  16. UltradoomY

    Wiki Selling TSLA Options - Be the House

    STO more 01/27 - $150CC's for $1.60 each - I got $1 for these on Friday. Will look for a BPS tomorrow or if we get a good MMD around $115/$105 - looking for $1 each there too.
  17. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I didn't mean to be snarky or confusing - I'm always a little off - my bad. Also- it gets weird the closer to the money on earnings week you are and if the underlying is rising. We have done this enough that you will see a lot of - I wish I wouldn't have sold my "X" on Monday and waited for...
  18. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I am referencing the WEEK OF EARNINGS - meaning Monday the 23rd STO Not today or Tuesday. We have seen it happen time and time again - that's why I said reminder - if you sell on Monday and it stays flat or goes up you lose out. If you sell today you may be ok, but a possible run up is more...
  19. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Reminder if anyone is looking to play the week of earnings - IV will continue to increase during the week up until the day of earnings and crash the next day. So if you sell a CC on Monday and the stock stays flat - the IV rise will make rise either way. If the price does rise, the CC will...
  20. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Closed 01/20 CC $125 that I rolled from $120 this week to next - for $0.75 each this morning. Total credit for this week from CC and P's was $4.25 around the world (sold the same amount of Puts as CC) Glad I closed my $110P's as well. Starting to feel it again in my bones, this is not TA...
  21. UltradoomY

    Your top books of 2022?

    Just finished American Desperado - fantastic read. Thanks for the recommendation. Took longer than normal with all the citations but very fun as someone who grew up in the late 70's and early 80's in Florida.
  22. UltradoomY

    Wiki Selling TSLA Options - Be the House

    No- Mentioned last week - these are from assigned Puts at $175 (CB was $170) and with CC's and the roll down to about $166 Will just keep rolling up and out, no big deal.
  23. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Same - closed my puts for $0.25 each - 1 day and $1 gain each... Nice. Still have my CC's for next week that I rolled from $120 --> $125, going to let the theta burn for a bit on these as long as we don't go over $130.
  24. UltradoomY

    Wiki Selling TSLA Options - Be the House

    STO 01/13 $110 P's for $1.25 each this morning.
  25. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Obviously wayyyyy off topic here but my wife and I have created a family trust for our children, their descendants and charity with models for paying out based on milestones and ages Please DM if you wish to discuss - we can add more people or start a new thread and tag me.
  26. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I thought this was funny, not trying to be mean. The idea is that right now - Tesla is growing 50% per year (slight miss this year - 87% last year) this means production, earnings, new factories, new products (Energy, AI, Bot, etc.) and there isn't anywhere else to get exposure to that much...
  27. UltradoomY

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

    Ever watch the movie "Contact" with Jodie Foster? Why build one... when you can build 2 for double the price!
  28. UltradoomY

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

    Maybe that's what the 9000 ton is for in Austin? Did Tesla ever confirm that it was for the Cybertruck? I thought we have seen leaked images from the Cyber truck mules with castings.... If it isn't for Cybertruck then I would guess our doors are going to be (figuratively) blown off during the...
  29. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I hope we do! Out and up rolls!
  30. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Yes - Highest that still give credit - I am at next week $125 right now for $1.25 credit each. Will roll to the week after if $125 is breached.
  31. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Same - but I plan to roll for credit once the strike is breeched. One week for largest credit out of the money Will do the same all week if it keeps going up, and roll back in if heading down either this week or next. I want these shares gone but it needs to be over $170 each (technically -...
  32. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Shares I have from assigned Puts - assigned at $175 minus premium (around $170 CB) Will roll up to $175 if needed before closing, no big deal. Been doing nothing lately and looking for some fun. It's less than 25 contracts, so nothing crazy.
  33. UltradoomY

    Wiki Selling TSLA Options - Be the House

    STO 01/13 $120 C at $2.65 each Will sell more on an up Monday - trying to close out or roll before CPI on Thursday.
  34. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Alright, it's time. I don't know about all of you but it "seems" like since we changed the name of this thread from "The Wheel" everything has literally gone down to Heck! Bring back the Wheel!!!!!!!!!!!!
  35. UltradoomY

    Wiki Selling TSLA Options - Be the House

    A word of caution. TSLA can and has done in the past what you are saying can't happen. Most recently last year - with the announcement of Hertz buying a couple of cars... Then we ran wayyyy past all resistance in a Gamma squeeze up. It can and will happen again, but these are the types of...
  36. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Something to consider for next week is that the "Street" is expecting around 420k - 430k deliveries. The sad truth is that if we hit 431k we will probably dump. (IMO) We will need to be on the plus side of 440k delivered to start a real rally going into earnings. I do think earnings are going...
  37. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Leaps provide no margin though.. make sure you have the cash backing for the puts. (no Margin in a Reg-T account)
  38. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Converting more shares today to leaps - same January $200's which are almost 5 to 1 (5 leaps for 100 shares) Going to do 3 to 1 though and save the excess cash for future deployment. Cheers and don't forget - if you're going through Hell.. Keep going!
  39. UltradoomY

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

    What is coming for 2023? Not the stuff we know - Cybertruck, more Giga factories, IRA kicks in, etc.. That's not what I mean, for years Tesla has been doing the opposite of sandbagging; announcing cars with long wait times, talking about what they are going to do and then doing it... albeit...
  40. UltradoomY

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

    Same here in Tampa, FL - this morning saw the discount and was going to trade my Plaid in for a Model 3 P - 6 in stock (Red / White interior) at 9:30 am.... Went to a meeting and logged back on to make the puchase at 11am and they were all gone. Now only SR 3's in the State of Florida. That's...
  41. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Friday is a short trading day as well - don't wait for 4pm as the market closes at 1pm. Volume should only be 200M shares by then anyway... /s
  42. UltradoomY

    Wiki Selling TSLA Options - Be the House

    You can write calls against them... Just make sure they are over the strike - so over $200 and $166... won't pay much but it will help.
  43. UltradoomY

    Wiki Selling TSLA Options - Be the House

    You don't have to do anything. There is a whole year left on those (not advice) you should probably at least wait until next year unless you need the tax write off.
  44. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I feel insanely good about them, I actually can't believe how cheap they are at this point. It's more than 2 years away and the fair value share price if we argued it would be somewhere between $225 and $275 in a recession with the earnings and discounted growth going forward. If Tesla only...
  45. UltradoomY

    Wiki Selling TSLA Options - Be the House

    Volume almost 30M at 30 minutes in - I thought most WS firms were on vacation this time of year? So, some entity is dumping massive volume on TSLA again (going on a week now) and someone is buying the shares at a steep discount. Question is who is the one buying? No guesses from me, just...
  46. UltradoomY

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

    Not sure if this is OT or related but it is curious to me that E.M. was at the World Cup final in Qatar... Not one to waste the time (in the air) or during the game usually that is unless he is over there already for something..... What would that something be? Possibly getting equity...
  47. UltradoomY

    Wiki Selling TSLA Options - Be the House

    IMO the opportunity cost of opening on Monday is better - also shortened trading week next week with Friday being an early close due to day before Christmas eve. Chances are higher for a gap up than a gap down at this point. At least that's my non - advice.
  48. UltradoomY

    Wiki Selling TSLA Options - Be the House

    YMMV and Not Advice - I went with the January 2025 (longest available) $200 strike calls for $44 each - so 3.5 leaps per 100 shares. Round strikes like that have higher OI and easier to fill than other odd strikes. Good Luck!
  49. UltradoomY

    Wiki Selling TSLA Options - Be the House

    I consulted my accountant and he thinks it will be fine. Guess we will find out if I get a nice note from the tax man!

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