Maybe, these things can reverse fast, I'd rather close the week closer to 160 so I can get more premium for the same strike next...
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
I agree, I never felt more berish. Seeing $175 would be amazing. No buy backs in sight and Elon doesn't seem like he will step down from Twitter any time soon. I actually don't even want to trade CC's anymore; I just feel like I need to stop looking at the stock in the mean time and wait a year or so because is incredibly frustrating . Also, I don't understand why demand is not surging with the crazy price cuts. I get interest rates are high but it is mind blowing that Tesla is not moving way more units with the EV incentives an all. Tesla needs to secure really low interest loans somehow to help customer and consider doing an small pilot campaign of ads to see if that increases demand IMO.
I don’t think it’s definitive that Tesla is not moving inventory, nobody has true figures outside of Tesla and it’s just speculation at this point.
Max Pain on that chart is 165, but I think will be 160 by the end of the week
EVNow
Well-Known Member
Wicked Stocks has two big support levels - 153 & 146. We hit the first one today. If it breaks I guess we are looking at 146 within a week.
If 146 breaks, it will get ugly.
A couple more thoughts - it's possible today's move is not just a reaction to the Jeffries downgrade, but also investors/traders getting out in front of visibly rising inventory levels and anticipating another price cut - so maybe the reaction to another cut won't be dramatic (though I would expect an attack to try and drive the price down regardless).
For the upside, I did forget about the "Highland" unveil. I typically wouldn't expect something like this to be a catalyst for the stock price, but who knows - if it drives a lot of Model 3 volume that would obviously be met with optimism.
Sure! We shall see what the number are for the end of the quarter. Troy's numbers have been very accurate and they should be trusted.
Folks, don't be too concerned about EU inventory levels, they're very dependent on the arrival of boats from GF3, this is why you get sudden spikes. Tesla tend to put them all in inventory, then assign them to orders. EU deliveries are running +200% compared to Q1
Time to breath. This isn’t the end of the world, just a MMD on steroids, as they try to fill the January gap down to 146. I expect more of he same until they reach their goal. Put in your buy orders accordingly. For my part, it was a busy, scrambling, day. STC 5/19 +p150s at the MMD for about 2x. They were insurance and they paid off quite nicely, but probably not enough to offset my BPS-side losses. For this week’s options: closed BCS-side of the ICs, and rolled out/down the BPS, closed CCs and waited for the bounce to resell 5/5 -c160s and BCS-side of ICs. Still holding Jan2025 -c200s/-c210s, waiting to close when we hit $146.69. Still lots of cash waiting for the final drop.
Obviously worried about 4/28 ICs. Current positions:
-c160s for 5/12, 5/19
-p200s, -c200s and -c210s for January 2025
ICs: +p140/-p155/-c160/+c175 for 4/28
ICs: +p130/-p155/-c165/+c190for 5/12
Finally, there is a light at the end of the tunnel (and hopefully it’s not a train). It looks like some whales are betting this is a significant bottom. Look at this morning’s straight call buying, and some serious put spreads. Also, IV seems to be the lowest that it has been in months. Food for thought:
Sorry, you're right. I didn't look close enough to spot that. I have closed my -p150 for 50% profit btw.
EVNow
Well-Known Member
Thats a tight IC.
IMO, the volatility is still high - even though IV is down as usual post-ER.
I wouldn't touch anything closer than $15-$20 OTM.
Noticing a pattern this week of a sell off at open and then a slow rise the rest of the day, only to sell off the next morning.
I’m thinking maybe people are shorting hard at the open and then buying back slowly the rest of the day.
I closed out all my 160c and above and opened some 155c and 157.50c for this week and 160c and 165c for next. Used proceed to roll puts down to 160p for this week and 165p next week.
I’m thinking maybe people are shorting hard at the open and then buying back slowly the rest of the day.
I closed out all my 160c and above and opened some 155c and 157.50c for this week and 160c and 165c for next. Used proceed to roll puts down to 160p for this week and 165p next week.
EVNow
Well-Known Member
Same as market or different from market ?
For example, from 11:30 AM, TSLA is roughly following Nasdaq that is slowly raising. IMO if the market was going down today, SP would have probably gone back down to ~154.
Yes, I’m not really happy about it. it was much wider, but rolled the call side down in response to today’s action. Unless I’m lucky, they will get rolled on Friday and hopefully widened to a better position.
Without considering anything else. Just seems like a ~$5 drop at open and then a very boring $2-3 recovery the rest of the day for all 3 days this week so far.
That sounds right. I am about to re-open the -p150 again. Set limit for $1.20 again, see if it will fill or not.
EVNow
Well-Known Member
Its confusing - but the first price they show there is the current SP - 155.39. Second one is the max pain - 165. They are not properly aligned.
Now - its an entirely different question as to whether you can trust a site that apparently can't even align / use a simple table in HTML properly
EVNow
Well-Known Member
Given that it's 10% up AH, I would hazard a guess that $META results were a "beat", whatever that entails... so at least the other tech mega caps are doing their part to keep the indices up, which can only help, surely...
META +$20
MSFT +20
Ironic to see everything else is recession proof except our beloved TSLA…
TSLA bounce where art thou?
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