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  1. C

    Wiki Selling TSLA Options - Be the House

    That's unfortunate. Are you still planning on a Discord for small accounts?
  2. C

    Wiki Selling TSLA Options - Be the House

    I've always thought Questrade and IBKR were the only real choices in Canada. Maybe things have changed in the last couple of years...?
  3. C

    Wiki Selling TSLA Options - Be the House

    @Yoona Really beginning to appreciate your tagline: “There is NO 2nd chance if you lose capital.”
  4. C

    Wiki Selling TSLA Options - Be the House

    I've been using OptionStrat for quite a while, but I've never seen the volume bars above/below the strikes. How do you get these bars? Or is this the paid version...?
  5. C

    Wiki Selling TSLA Options - Be the House

    Is that Dan Ives?
  6. C

    Wiki Selling TSLA Options - Be the House

    Is there an online calendar for Tesla events?
  7. C

    Wiki Selling TSLA Options - Be the House

    Again, a new rescue strategy that I'd like to learn. Can you walk me thru another example? I have a Mar17 META 140c (100 shares @155). Are you saying this is rescueable?
  8. C

    Wiki Selling TSLA Options - Be the House

    Love your idea of managing a DITM call to an ATM straddle or an ITM put. Really opens up the imagination!
  9. C

    Wiki Selling TSLA Options - Be the House

    What is the “-p” in “-p/-p120”?
  10. C

    Wiki Selling TSLA Options - Be the House

    I cannot imagine risking margin calls as often as others here, and don't want to even think about Peter's situation. RIP Peter. With a modest portfolio, I am very interested in balancing that risk/reward, and moving towards monthly covered strangles on fairly common stocks including AMD...
  11. C

    Wiki Selling TSLA Options - Be the House

    https://teslamotorsclub.com/tmc/threads/peter-my-husband-took-his-own-life.290396/
  12. C

    Wiki Selling TSLA Options - Be the House

    ? You can make money by (a) buying the $60 LEAP call for $70, and (b) selling it for $60 ??
  13. C

    Wiki Selling TSLA Options - Be the House

    Assuming chatGPT (or any AI) is based on totally unbiased programming is too much of stretch for me.
  14. C

    Wiki Selling TSLA Options - Be the House

    Thanks for your post; excellent opportunity to clarify the strategy in my mind: 1) You bought a 60c LEAP for $70 - does this mean your minimum CC strike is $130 ($60+70)? 2) If you sell a LEAP based $150c and the SP blows through it - what is the management strategy - buy it back? rolling...
  15. C

    Wiki Selling TSLA Options - Be the House

    IBKR account is about $125k, and spread out over a number of tickers. Just thought I'd set aside for a couple of "safe" ($50-100) puts.
  16. C

    Wiki Selling TSLA Options - Be the House

    What are the cons against selling Jan/24 $50 puts? I'm hoping for a much more stable world in a year's time...but who knows? Currently in the $4.10 zone; I submitted a bid for $5.00. I have a small account; any planning suggestions / advice?
  17. C

    Wiki Selling TSLA Options - Be the House

    Premiums for far OTM are very tempting. Submitted an order for Mar17 100p for $3.50
  18. C

    Wiki Selling TSLA Options - Be the House

    IBKR News: TSLA-NASD - Tesla's Equity Risk Premium (forward) rose to -0.31, in the past this led to an increase in price.
  19. C

    Wiki Selling TSLA Options - Be the House

    From https://twitter.com/freshjiva TSLA currently ranks #1 in the entire Nasdaq-100 in terms of forward revenue growth (FY '23 vs FY '22) of +39% while trading significantly cheaper on fwd P/E than other companies growing at a similar pace at only 35x.
  20. C

    Wiki Selling TSLA Options - Be the House

    Boats from Fremont & Shanghai.
  21. C

    Wiki Selling TSLA Options - Be the House

    Grabbed a Dec23 160p for $5.10. Satisfied with every credit!
  22. C

    Wiki Selling TSLA Options - Be the House

    Request for rolling advice: Having being assigned @ 167.50 last week and planning for a potential drop to the $160's, I wrote a 175c for this Friday for $6.00. Foolish in hindsight, but ready for my first TSLA roll. The $175 is in the $11 range, and I was thinking of rolling it either to...
  23. C

    Wiki Selling TSLA Options - Be the House

    Not really sure how to interpret or use; do you have a clarifying link?
  24. C

    Wiki Selling TSLA Options - Be the House

    On assigned, I will look for 2 very aggressive covered calls (...perhaps even ITM?). All is cash secured; if the strategy offers a consistent way of averaging down, I will repeat the process next cycle - always 100 shares - 1 CC - 2 CSP. I have no intentions to exit; happy to own TSLA...
  25. C

    Wiki Selling TSLA Options - Be the House

    I'm exploring a Buy/Write strategy, and would like to identify the weaknesses (if any) in my pie-in-the-sky variation: TSLA DTE=24, Buy: 100 @ $180, Sell 180c @ 12.80, Sell 160p @ 5.05 (x2) Total credit: $2290 The 3 columns in the red box looks at the possibilities: 1) Call ITM (everything...
  26. C

    Wiki Selling TSLA Options - Be the House

    OFF TOPIC re: W-8BEN For those trading from outside of the USA, did you fill out the W8 tax withholding form? Section 2 Line 10 is looking for tax articles & paragraphs. Logic suggests it is the same entries for everyone and I thought I’d check here to see if that is true. Can anyone...
  27. C

    Wiki Selling TSLA Options - Be the House

    They are all puts.
  28. C

    Wiki Selling TSLA Options - Be the House

    Sorry, lol. All are puts.
  29. C

    Wiki Selling TSLA Options - Be the House

    Here is a 1-1-2 play I’ve been pondering: Buy 830x1 Sell 820x1 Sell 725x2 Max profit has a $95 range; under a worse case scenario, you’re purchasing 200 shares @ 725 (or lower, depending on your lower strike) Edit: 200 @ (725 - net credits) Any thoughts?
  30. C

    Wiki Selling TSLA Options - Be the House

    12% dividend? QYLD comes pretty close, lol.
  31. C

    Wiki Selling TSLA Options - Be the House

    …the other thread?
  32. C

    Wiki Selling TSLA Options - Be the House

    Request for clarification: 25% OTM Is this 75% of the current price? or more like a Delta 25?
  33. C

    Wiki Options & "the Wheel" Glossary and FAQ

    I don’t mind saying I get confused sometimes with BPS & BCS. Are there common acronyms for Bear Put Spreads or Bull Call Spreads?
  34. C

    Noob option trading questions

    Yea, not pretty. The ATM approach is suggested by “Chicken Genius Singapore” on YouTube. Im still experimenting with different ideas. Maybe just sell delta 25 puts to provide a good assignment entry point. If I’m long at 950+/-, a second short put $100 OTM would give me a good ACB, but still...
  35. C

    Noob option trading questions

    The volatility can’t be denied; can that risk be managed by 30 DTE’s? Is it realistic to assume I’d be able to ride out a volatility drop to, say $700? I don’t see TSLA sitting at that kind of dip for any length of time, and even if it did, my lower requirements suggest I could just continue...
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    Noob option trading questions

    Definitely a noob post: I’ve been following this group for quite a while, trying to figure out the best approach for me, and thought I’d get some feedback from the more experienced. A critical factor is that I am 13 hours ahead of NY, so most of my trades will generally be in the first couple...
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    Noob option trading questions

    Continuing my previous scenario, I extended my OTM far dated put option strategy to a number of stock; the big picture looked more fantasy than real. I am weak on the Greeks (on my ‘to do’ list) so I’m probably overlooking certain risks. Any comments would be welcome…
  38. C

    Noob option trading questions

    Thank you; appreciate the analysis. My month needs will be modest, so I’d like to have a play such as this always running in the background. Other (staggered) tickers using similar analysis would be FB, AAPL & MSFT. Minimizing loss of capital is one of my higher priorities, while mechanizing...
  39. C

    Noob option trading questions

    OptionStrat is a nice freebie app; a premium live prices is available, but for my current learning purposes, it fits the bill.
  40. C

    Noob option trading questions

    Buying Power or Estimated Margin. The $500 is just a number out of the air; if I understand the related risks, I can tweak & scale accordingly.
  41. C

    Noob option trading questions

    Seeing as the thread for noobs, I’d like to question a simplistic scenario: What is the harm in selling a DOTM far dated put? A $500p Jan/23 gives a $4k premium with an estimated $5k in BP. Repeat every 2 months; once you have 3 / 4 positions, roll the oldest put out another 12-18 months...
  42. C

    Wiki Selling TSLA Options - Be the House

    Thanks , but nothing yet. More for my understanding, and not practicing; my account is way too small for it. Always nice to learn though!
  43. C

    Wiki Selling TSLA Options - Be the House

    I look forward to viewing this video a little later; Do you have any recommended videos to help newbies walk through your LEAPS strategy?
  44. C

    Wiki Selling TSLA Options - Be the House

    David Sun (ref: TastyTrade FB group) has a podcast and a number of different SPY/SPX trading plays that he tracks (and deploys) on www.TheTradeBusters.com. He’s got sheets going back a number of years, and lists his mechanical criteria for each daily (!) play.
  45. C

    Wiki Selling TSLA Options - Be the House

    I wonder how much MaxPain would be affected if it only included practical strikes. Maybe SP +/- $200 or so.
  46. C

    Wiki Selling TSLA Options - Be the House

    It was a learning exercise and it’s nice to confirm my understanding of the mechanics. Muchos gracias!
  47. C

    Wiki Selling TSLA Options - Be the House

    Noob question: I’m paper trading 0DTE today with my final call spread being 760/765. The price closed at a nail biting $759.49; I assumed it was a win. However, my app closed the spread automatically 4pm at a 0.70 loss. Should it not close at 0.00? Assuming the app is working ok, is this the...
  48. C

    Wiki Selling TSLA Options - Be the House

    Thanks; I missed the context of the post.
  49. C

    Wiki Selling TSLA Options - Be the House

    The $254 is for the 100 shares , right? Adding it to the strike doesn’t mean a whole lot (at least not to me).