Probably smart, although I have to mention the last two times I did that the cc expired
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
SebastienBonny
Member
Chances are big we don’t reach 180 at 5/05 close, but it’s still a long way and 60% in such a short time span is too much to ignore.Probably smart, although I have to mention the last two times I did that the cc expired
In Q1 I kept a 150CC before earnings and we all know how that turned out.
Then again, keep on rolling it would’ve made it almost closable by now
One datapoint — I got caught out in Feb with a $140cc and had to go out to mid-July to get it to $200 accepting a small debit. That is now at 20% of its sto cost, but still 3x the accumulated net premium. So I dither whether to roll down and in, or wait for it to hit $1.62 and get out whole……maybe I should do both for half the position.Chances are big we don’t reach 180 at 5/05 close, but it’s still a long way and 60% in such a short time span is too much to ignore.
In Q1 I kept a 150CC before earnings and we all know how that turned out.
Then again, keep on rolling it would’ve made it almost closable by now
I'm wondering if the markets looked at $GM's margins and realised that $TSLA's being 3x $GM's are actually rather good...
Yes, expiry this week. Sold 30x last week for $7.6 and 84x today @$4.1Wow for this week? What was the premium? I have $177.5cc and $180cc for this week.
Yes, I got caught with -c135's in January, but that was a short-squeeze reversing a fake drop, this current pull-back has some logic behind it and I doubt it will rebound in the same manner
Those premiums are so juicy you could come out ahead even if you have to roll for zero debit/credit for 4-6 weeks, and that seems unlikely to be required. These are 28Apr$160 that you sold when SP was about $165?
Well, you never know, of course, but I have 2000 trading shares that I can let assign at this strike, which makes rolling easier, plus then I'd have some extra cash to straddle puts if it came to it
I have to admit that I was also considering just to let the whole lot go to cash as well and sell puts... wasn't my long term plan, I wanted to hold those core shares back to the purchase price of $300, but that's a long way off IMO. This isn't 2020 with zero rates and the FED money-printer running 354/24/7
Might wheel the lot too, that might be fun...
You are a swashbuckler, sir, and possibly also a pirate? Aaargh…..
More Captain Pugwash than Jack Sparrow, I think...
EVNow
Well-Known Member
MSFT up 9% and Google up 2% post earnings. Probably a solid positive day for the market tomorrow. I think TSLA will be back to 165
SebastienBonny
Member
Time to sell some calls thenMSFT up 9% and Google up 2% post earnings. Probably a solid positive day for the market tomorrow. I think TSLA will be back to 165
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I forgot about CPI and Fed Meeting next week and opened some CC for next week already at 187.5. I was worried about those when I realized my mistake, but the action in pre-market this morning makes me think that even a market rally after CPI isn't going to bring TSLA back up to that level....
This is the typical pattern we see on the day following TSLA significantly outperforming it's macro and the NASDAQ. It's like the pirates go extra hard after an outperformance to punish Tesla. I've seen this over and over recently with the exception being periods when TSLA is on significant run.
jeewee3000
Active Member
Not saying we will spike, but OTOH I think you assume way too much just from pre-market SP pricing.
Remember the days/weeks before the Q1 2023 ER: pre-market threw us off a lot. It proved not to be a reliable indicator for where the trading day will go.
IMO the best measurement of day-sentiment is the first 30 minutes of trading. We have the first 5-10 minute spike or drop, and then it either gets undone within the next 20 minutes, or it stays high/low. Only in the latter case we have a day of "keeping to climb/drop".
Not advice.
We got a big downgrade from $235 to $180 and from Buy to a hold
Tesla Loses Another Bull. Price 'Elasticity' Is the New Fear.
SpeedyEddy
Active Member
Just STO P162.5 for friday on a hunch we will tick up later today/this week
STO 10 x p150 for next week at $2.05. If we go down I will probably sell more at a lower strike.
SpeedyEddy
Active Member
From a source that does not understand the word "price-elastiticy".We got a big downgrade from $235 to $180 and from Buy to a hold
Tesla Loses Another Bull. Price 'Elasticity' Is the New Fear.
[Edit](if they would understand, they would connect it to a price-target-upgrade)[/Edit]
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