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  1. BornToFly

    Wiki Selling TSLA Options - Be the House

    Anyone? Bueller....?
  2. BornToFly

    Wiki Selling TSLA Options - Be the House

    They are selling. Has been a record Q1 throughout Europe so far (except Germany due to the end of EV incentives). The question is if March wave will be smaller than last year, and the effect of two Berlin plant shut downs from two separate terrorist activities (Red Sea and Berlin).
  3. BornToFly

    Wiki Selling TSLA Options - Be the House

    Would like advice on this week's -165/+170. Lost a lot of value today. Worth about $1.40 now. 1) I could wait until tomorrow 2) Just close it for the loss. 3) Roll it to April 5th (post P&D) -160/+165 I'm kind of leaning toward #3 Edit: Fixed the -/+
  4. BornToFly

    Wiki Selling TSLA Options - Be the House

    If QQQ closes up big today, let's see if there is a pre-FOMC rate decision pull back tomorrow....
  5. BornToFly

    Wiki Selling TSLA Options - Be the House

    Do I remember correctly that Tesla will now report Energy sales with P&D? If so, what is the "market" expecting for Energy? (Asking for a friend)
  6. BornToFly

    Wiki Selling TSLA Options - Be the House

    The Daily Trader has a resistance at 180.31. I sold 182.5CCs for Friday.
  7. BornToFly

    Wiki Selling TSLA Options - Be the House

    Wicked Stocks said if we close today above 171.88 - GO LONG
  8. BornToFly

    Wiki Selling TSLA Options - Be the House

    X and a Y? Looks like doggy's kennel ain't so bad....
  9. BornToFly

    Wiki Selling TSLA Options - Be the House

    Well, turns out that waiting an hour to close them would have been worse....
  10. BornToFly

    Wiki Selling TSLA Options - Be the House

    The problem is if the SP had climbed more after the open, I would have lost more money. Hindsight is 20/20....
  11. BornToFly

    Wiki Selling TSLA Options - Be the House

    Aargh. Closed my -150/+160P for next week at a bit of a loss near the open. I still have my -165/+170 for Friday that is doing well. I missed out on selling CCs near the open. Now I wait to see if we recover because this is just a stupid MMD, or if we drift down the entire day and I really kick...
  12. BornToFly

    Wiki Selling TSLA Options - Be the House

    NIO mirrored TSLA. I like to watch both so I can get a feel if it is an EV thing vs TSLA thing.
  13. BornToFly

    Wiki Selling TSLA Options - Be the House

    FOMC tomorrow and Wednesday. I'm assuming rate decisions revealed Wednesday. I wish we could get back to a world where nobody cares about the FOMC. I never knew who the heck Powell was until the last two years....
  14. BornToFly

    Wiki Selling TSLA Options - Be the House

    Macro very green this morning and taking everything with it. Nio up slightly more than TSLA. Don't know how long this will last.
  15. BornToFly

    Wiki Selling TSLA Options - Be the House

    Interesting that your experience is different. But replacing 300,000+ lines of code with Neural Net training means progress is going to be very fast now. My understanding is that they are teaching a computer brain to drive just like a human brain would learn. I'm closing my protective spreads...
  16. BornToFly

    Wiki Selling TSLA Options - Be the House

    Rob Maurer video in Chicago. I grew up there. Driving is a nightmare. FSD handled heavy car and pedestrian traffic like a champ. Check out the 5 min mark. Parks at destination at 13:30. Just WOW. Then check out this amazing move.
  17. BornToFly

    Wiki Selling TSLA Options - Be the House

    If the SP opens lower tomorrow, and heads down, my decisions are easy. Keep the protective spreads, for this week and next, for nice profits. The tough decision will come if we open higher or go green, because then I will have to decide if I close them while they still have value, and decide if...
  18. BornToFly

    Wiki Selling TSLA Options - Be the House

    Legally - L2. But quickly becoming L4 in terms of capability. Just pointing out that there is a legitimate reason why TSLA market cap would suddenly justify a 4X increase overnight. That day is coming. I am not doing low SP CCs on my shares 1-2 years out!
  19. BornToFly

    Wiki Selling TSLA Options - Be the House

    The +165/-170 expire this week. The +150/-160 expire next week.
  20. BornToFly

    Wiki Selling TSLA Options - Be the House

    Don't intend to bring FSD back into this thread. I just think we need to remember with our CCs that 2T in market cap could be added very fast. Here is a video on X of a complete, paid Uber drive on X using FSD 12.3 with no intervention (basically robotaxi). Apparently 12.4 is already in testing...
  21. BornToFly

    Wiki Selling TSLA Options - Be the House

    Yeah, I would definitely hold them if mine were dated further out like yours.
  22. BornToFly

    Wiki Selling TSLA Options - Be the House

    Yeah, I'm wondering about getting rid of them at a slight profit. It puts almost $50k back in the account. For that money, I could sell $10,000 shares if the SP drops to 160, and buy them back if the SP recovers to 165....
  23. BornToFly

    Wiki Selling TSLA Options - Be the House

    FYI, Buying options never works out for me. The MMs don't want me to have any money. For next week I have 50X protective -165/+170P. So next week the closing SP will probably be 170.01 For 3/28, I have 100X -150/+160P, so the SP should close above 160.01. Thought you guys should know....
  24. BornToFly

    Wiki Selling TSLA Options - Be the House

    It seems like Wallstreet has just pulled the plug on EV stocks because of the false narrative that people don't want them anymore. Obviously, as they become a larger percentage of cars sold, the growth rate will slow YOY, but it is still going up. 5-10% is doubling of sales. 90-95% is minimal...
  25. BornToFly

    Wiki Selling TSLA Options - Be the House

    ARK bought more TSLA today.... FSD 12.3 reviews on X by different people continue to say this is the real deal. Great drives with no interventions.
  26. BornToFly

    Wiki Selling TSLA Options - Be the House

    TSLA now down 40% since Jan 1. Incredible.
  27. BornToFly

    Wiki Selling TSLA Options - Be the House

    What do you think about going an extra month out to capture Earnings?
  28. BornToFly

    Wiki Selling TSLA Options - Be the House

    I'm wondering same thing. Does it make sense to do -140/+150 end of April?
  29. BornToFly

    Wiki Selling TSLA Options - Be the House

    PPI just came out. I haven't seen the numbers yet.
  30. BornToFly

    Wiki Selling TSLA Options - Be the House

    What ever strike gives you $1 every week.
  31. BornToFly

    Wiki Selling TSLA Options - Be the House

    Sorry, I deleted my post because I realized the problem is the drop in share price if you are assigned higher, but then sell CC lower, will strip away your gains. I had only thought about it for a minute before writing the question.... 🤦‍♂️
  32. BornToFly

    Wiki Selling TSLA Options - Be the House

    I agree with pretty much everything you said. But don't you think this is getting priced in now with a 32% drop in 2.5 months?
  33. BornToFly

    Wiki Selling TSLA Options - Be the House

    Wrong. Model S always had positive gross margins.
  34. BornToFly

    Wiki Selling TSLA Options - Be the House

    Exactly. Tesla had one quarter of negative Auto gross margin in its history. The contrast with Rivian is huge.
  35. BornToFly

    Wiki Selling TSLA Options - Be the House

    Exactly. Their free cash flow was almost Negative $6 Billion in a single year, and some of the $9 Billion on hand is actually raise through debt (so they don't really have anywhere close to 9). The product reveal they just did was to justify another capital raise/dilution or to try to get bought...
  36. BornToFly

    Wiki Selling TSLA Options - Be the House

    Why do you say that? They put in multiple pins and it drove itself to each pin and parked/stopped to "let people out." Putting in new pin started automatic drive to next pin. It literally did Robotaxi in NewYork for 20 minutes, to multiple destinations, without a single intervention. AND this is...
  37. BornToFly

    Wiki Selling TSLA Options - Be the House

    People who still doubt FSD. This is V12 in Brooklyn. Slows down for speed bumps. Quickly goes around a car that puts on right turn signal to parallel park. Quickly goes around a double parked van and then makes left turn after letting pedestrian past. Finds a place to park on the street and...
  38. BornToFly

    Wiki Selling TSLA Options - Be the House

    PE is 40. Even if you only gave the Auto business 10, that means you would be giving a PE of 30 to a world leader in AI, robotics, self driving, EV charging refueling (nobody can make charges for the cost/reliability), and world wide energy storage as solar and wind continue to have massive...
  39. BornToFly

    Wiki Selling TSLA Options - Be the House

    F and GM massively green on down market day. WTF. 🤡 🌎
  40. BornToFly

    Wiki Selling TSLA Options - Be the House

    Lowest SP in 6 months. Awesome.
  41. BornToFly

    Wiki Selling TSLA Options - Be the House

    Yeah, I had a new plan for dealing with my 2+ year old +170/-195 BPS. I was able to roll it last week at no cost to April 12th. My goal is to make about $15 in premium, sell shares or let them get called away by CCs, and then sell the +170 to make the -195 CSP to get the shares back. So I had...
  42. BornToFly

    Wiki Selling TSLA Options - Be the House

    Yeah, I was countering some of the gloom and dome posts. The SP may go down below 160, but I think FSD will cause a violent move at some point. The question is when. I think we are getting closer based on the latest videos. Cybertruck is also proving to be a much bigger hit than even I had...
  43. BornToFly

    Wiki Selling TSLA Options - Be the House

    This is tough. I'm nervous about selling long dated CCs. Would definitely need a stop loss. Sure, EPS isn't going to be great this quarter, but the new FSD 12.3 videos are incredible. Nobody else will go door to door, including highways, on non-geofenced roads. And Tesla is doing it without tens...
  44. BornToFly

    Wiki Selling TSLA Options - Be the House

    Any guess/thoughts on Friday close?
  45. BornToFly

    Wiki Selling TSLA Options - Be the House

    @ProfessorZoom I bought a protective spread to guard my margin. I didn't sell one.
  46. BornToFly

    Wiki Selling TSLA Options - Be the House

    Pretty much caught the low. You're welcome. 🤦‍♂️ (At least I was smart enough to buy for next week.)
  47. BornToFly

    Wiki Selling TSLA Options - Be the House

    I bought a protective Put spread for next week. 50X -165/+170. If we get below 170 I let the shares go and roll down the -165 each week. Cost $1.69. I should have done it yesterday. Edit: I finally pulled the trigger because we took out the previous lows of 173.70
  48. BornToFly

    Wiki Selling TSLA Options - Be the House

    How do you manage the risk on naked options? Like Calls? Are you prepared to buy shares to hedge? Or Just roll before ITM?
  49. BornToFly

    Wiki Selling TSLA Options - Be the House

    It hasn't been easy. I've been on the verge of tears and panic for 3 days. When I factor in the TSLA shares I had to sell that I had acquired for a Buy-Write at SP 242, the loss is in the 7 figures, and my account is not that large anymore. I might have to come out of retirement and/or sell my...
  50. BornToFly

    Wiki Selling TSLA Options - Be the House

    Live footage of Max Plaid: