Wiki Selling TSLA Options - Be the House

[SpeedyEddy]

sold around 10:00 EST a lot of OTM C’S for the next 5 weeks (experiencing same IBKR issues as above) until end of April (280) all bringing in around 66 cts, of course every week later at least 10 dollars higher strike which brought me in total around 2400 dollars. Sold part of my shares when SP evidently was going down and bought back in one of the dips, bringing me 1000+ dollars, so again gained more than just holding stocks. Winning with daytrading the stock on days like this is very easy, keeping an eye on SPY and SPY daily options too like I explained before. But you have too be focused on being happy with little profits and quickly cutting unexpected losses. You can not always get very near to selling tops and buying dips. Halfway is safer and satisfying too. (Don’t think about what you COULD have MADE)

 

[BornToFly]

PS-- I am reading this thread from the beginning, but it is 1360 pages so will take me awhile. I too started thinking of the "wheel" strategy".

When you get to the part where we go from the "wheel" to BPSs, where we were all making insane amounts of money, don't skip past the part where we lost far more than we ever made less than a year later.... Don't get tempted.

 

[juanmedina]

Lots of Cybertruck sightings lately. When Tesla opens the Cybertruck configuration page that could a catalyst and it could be around the corner.

 

[jeewee3000]

When you get to the part where we go from the "wheel" to BPSs, where we were all making insane amounts of money, don't skip past the part where we lost far more than we ever made less than a year later.... Don't get tempted.

Reading this post I realized I'm still not over it...

Beware newcomers! Hope for the best, prepare for the worst!

 

[NicoV]

FYI OPTIONS DEC 2025 HAVE OPENED, so I will keep some money aside for buying these calls on the dip, that the shorters are hoping for.after they pushed SP high enough

Is it normal that December 2025 options are open, and December 2024 not? Was there a recent regulation change that allowed this?

 

[SpeedyEddy]

Is it normal that December 2025 options are open, and December 2024 not? Was there a recent regulation change that allowed this?

June '25 was opened before too, I don't know who's decision it is frankly. For AAPL there are dec '24 options...

 

[Max Plaid]

Nice dip, closed out this week's -c200's for 50% profits and set a new sell order for the rebound...

 

[UltradoomY]

Wow, I always knew something was wrong with me but I can't stop....

Just set a STO order for 04/06 $190P's for $10 each.... it's close ($9.50 each as of writing this)

I wanted to be out for next week but that's juicy...

Edit - changed to $9.50 and filled... Yay? we will see... Will close on a big bounce

 

[rikkert]

Sold one 04/06 $180P for $4.95. Living on the edge.

 

[SpeedyEddy]

SPY options say 396 today's close, SP being 396, you can predict where TSLA goes on SPY's moves. SPY moving higher than 397, TSLA will drop. SPY below 395 TSLA will rise. (Already sold @191.92 and bought back @188.92, bringing me over 1000 dollars again.)
Furthermore sold QQQ: -C 316 may 5. Wanted to buy UNG Arca (natural gas ) at it's low, but need a Dutch KID for that to happen alas. My broker doesn't have it. Maybe someone nows another fund in Natural gas? (Don't want to buy calls Chevro or so)
[Edit] To be honest, unless Macro anything happens, we can call it a day already nothing big to be expected $TSLA-wise while stable 396 SPY [/Edit]

 

[intelligator]

Wanted to verify OI shift before I placed my order but the CBOE server isn't cooperating, they are having issues. Meanwhile, I went back in for the 3/31 -177.5p/+172.5p spread, filled at .55

 

[SpeedyEddy]

Earlier I sold 170 next friday put and am not totally happy with that but it is not very expensive to close, . My only losing position at the moment (aside TSLA STOCK)
I do not recommend any near the money put-selling, unless you want to get assigned.

 

[SpeedyEddy]

Did you mean Call? and not Put? the lowest I'm showing for that P is $7.80 today... I know because I am trying to open these for $10!

Must be -P 190 3/31 I guess, now trading 4.85-ish

 

[rikkert]

Did you mean Call? and not Put? the lowest I'm showing for that P is $7.80 today... I know because I am trying to open these for $10!

Sorry, that was a typo. I meant the 180P for April 6th. I've corrected it.

 

[BornToFly]

Closed my CC for Friday for 85% profit. Will open new ones today or tomorrow on a bounce. It looks like TSLA is just trading its Beta with no P&D effect at all....

 

[bingoz]

Closed my CC for Friday for 85% profit. Will open new ones today or tomorrow on a bounce. It looks like TSLA is just trading its Beta with no P&D effect at all....

Yeah we can't blame TSLA for that. Look at the indexes. People are buying McDonald.

 

[BornToFly]

Yeah we can't blame TSLA for that. Look at the indexes. People are buying McDonald.
View attachment 922172

Makes sense. They are saving the planet with a new chicken sandwich.

 

[EVNow]

Closed my CC for Friday for 85% profit. Will open new ones today or tomorrow on a bounce. It looks like TSLA is just trading its Beta with no P&D effect at all....

Actually more bearish than the normal 2x Beta (-2.25% vs -.76% now).

 

[ReddyLeaf]

I really need to be paying more attention to Wicked Stocks. His predictions are on both up and down sides, but once the trading direction is known (up or down), the limits that he describes are almost always good turn around targets. For example, last night’s prediction for today was support at a $187.36 descending speed line. The SP came within a few cents of that number twice, with reversal. Then, just a few minutes ago during the lunch hour (hmmmm), the price broke through, with a gap down. Clearly day traders are using these TA levels. Unfortunately, closing below $187.36 suggest more pain down to the $180.62 rising speed line. Perhaps the options sellers don’t want those minuscule number of excess 190 calls paid out this week (13888 call OI vs 13025 put OI this AM).

 

[MikeC]

Sold a -c185 out of boredom. Don’t mind too much if it exercises but would like to close by end of day if I can.