Wiki Selling TSLA Options - Be the House

[dl003]

Patience rewarded! I wonder if buyers are largely gone for the week, so no late-day surge? Spurt Mon AM?

The only thing we have to watch out for is whether the stock runs up and close at HOD today. If not then my money is on the top is in.
@Jim Holder I do track the broader market and this looks like a legitimate rally. It might very well be a bear market rally, but it has more juice still. What can ruin the party is CPI in 2 weeks, though. But again, TSLA will be fine. Pull back & correct, yes, but the low is in. Once the low is in, the sky is the limit once again.

 

[EVNow]

Patience rewarded! I wonder if buyers are largely gone for the week, so no late-day surge? Spurt Mon AM?

Just following Nasdaq.

 

[BornToFly]

Too much good TSLA news today. I feel like it really should go higher next week.

(IRA now includes 5 seat Model Y = price increases coming, Record Jan Euro sales, Massive China production despite a week off for holiday, etc.)

 

[Jim Holder]

The only thing we have to watch out for is whether the stock runs up and close at HOD today. If not then my money is on the top is in.
@Jim Holder I do track the broader market and this looks like a legitimate rally. It might very well be a bear market rally, but it has more juice still. What can ruin the party in CPI in 2 weeks, though. But again, TSLA will be fine. Pull back & correct, yes, but the low is in. Once the low is in, the sky is the limit once again.

Thank you. I so appreciate your balanced view. So many are saying we’re in a new bull market (50-day over the 200, 20% up from lows, etc,) but equally many voices are saying we’re in a Bear Market rally and will fall hard shortly. It’s hard to make sense of the noise!

A couple weeks ago I BTO 300x 3/31/23 387/390 SPY Put Debit spreads for $25.8k () and they’re deep red now (-44%), so I’m hoping for a retracement to escape them. Maybe we get it on 2/14 or sooner. Though SPY may run to 430 too. The markets are behaving very weird these days.
Grrr!

 

[traxila]

Which master do we fear most, the FED or recession?

Recession seems to be off the table. The FED will be sticky sticky.

EDIT: Personally I prefer the FED. Recessions just suck.

 

[SebastienBonny]

I think 200 is safe for the day

 

[Max Plaid]

I think 200 is safe for the day

Yeah, still hoping my -p180's go ITM, but think that's unlikely. "They" are trying to pin 190, I think, likely puts built-up there to match the calls and it's a neutral strike

 

[kcveins]

Waiting into the close to see if my 190 CC will get called away

 

[UltradoomY]

STO - -$200 / +190 BPS for 02/10 expiration - $6.50 each just now.

Betting on a Monday rise and tag $200+ to close these out with the weekend Theta.

 

[bingoz]

Waiting into the close to see if my 190 CC will get called away

It might happen after hours.

 

[Max Plaid]

Waiting into the close to see if my 190 CC will get called away

If you don't want those exercising then I'd be closing them out right now... if you don't care that's another matter... many of us here have had ATM puts and calls, closing slightly OTM, only to be exercised anyway

 

[Jim Holder]

Waiting into the close to see if my 190 CC will get called away

Closed at 189 and change ;-)

 

[CHGolferJim]

Closed at 189 and change ;-)

Unreal…….$189.98!​

 

[kcveins]

If you don't want those exercising then I'd be closing them out right now... if you don't care that's another matter... many of us here have had ATM puts and calls, closing slightly OTM, only to be exercised anyway

Yeah, I don't care one way or the other. It's in my Roth IRA.

 

[Jim Holder]

Yeah, I don't care one way or the other. It's in my Roth IRA.

I think what’s meant is if 190 is below your cost basis (meaning you paid for the shares more than 190) then if it gets called away at 190 you will lose money and that’s not desirable.

 

[Jim Holder]

The only thing we have to watch out for is whether the stock runs up and close at HOD today. If not then my money is on the top is in.

Well we didn’t tag HOD into close. I guess this means we gap down Monday and head towards the 140’s? I wonder over what period the retracement happens, days, weeks.

We have March 1st investors day coming up with rumored new product announcements. Would it be possible to complete a healthy retrace and reclaim 200+ by then (even if we get a sell the news sell off after)?

 

[Krugerrand]

God damn this market is rigged.

Shocker, huh?

Change the game when the mark is confident they know the next move.

 

[EVNow]

Which master do we fear most, the FED or recession?

Recession seems to be off the table. The FED will be sticky sticky.

EDIT: Personally I prefer the FED. Recessions just suck.

Isn’t FED feared because they may cause a recession?

 

[OrthoSurg]

I'm getting more and more tempted to just sell Jan 2024 400CC on all my shares and stop doing the weeklies for 0.2

I'm waiting a little longer because I think I can get more for those 400s if the SP keeps climbing....

The peace of mind I have gained for the last 2 weeks not having to check the SP because I rolled everything to 2025 is refreshing. I look at the SP just for fun once or twice a week, not because I have 2. I guess I am a 2 year expiry trader.

This peace of mind will disappear when I roll back my CCs in on the upcoming correction

 

[myt-e-s-l-a]

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