Thanks!
Would you say TSLA breaking $253 means time to sell longs (for those of us that get out on downtrends and get back in on reversals back up) because the elevator is likely to drop a lot, or would it be a different level?
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Thanks!
Would you say TSLA breaking $253 means time to sell longs (for those of us that get out on downtrends and get back in on reversals back up) because the elevator is likely to drop a lot, or would it be a different level?
SpeedyEddy
Active Member
250 will be there soon I guess because today a weird kind of half-way island reversal from 9/11 can turn out to be another in-between Island tomorrow, which would be very bearish, unless we fill 163.91 today too, which to be honest I don't see happening yet, 258.50 ceiling turning into resistance
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We might think it's bad for $TSLA, but imagine what the $NVDA folks are thinking right now after their blow-out Q2 
Looks like "they" want a ~260 close tomorrow and they're holding it around 258 - volume looks low, so easy enough to manage
A CT delivery event announcement now would spice things up a bit...
I've done some trades today:
Wanted to leverage my 100x Nov +p200's, but didn't want to bet the farm. Tried an audacious 100x -p250 sell @$4.1 for this week expiry, set that before market open in case there was a push below 250, but never came
Instead I settled on 50x 9/29 -p240 @$1.70, seems a reasonable bet before P&D, and I keep 50x contracts in my pocket for rolling
Next challenge for today was to close out 20x -p270's, they've almost no extrinsic left, so didn't want to wait until tomorrow... I decided to roll and sold 20x 9/29 -p270 @$16.1 on a dip, then BTC the 20x 9/22 -p270 on a pop, so that was a net +$4.2, which is more than the ~$2 that an immediate roll offered
I decided to get a bit "clever" with this strike, so I BTO 20x Jan 2026 +c270 and have a sell order @$3.1 for 20x 9/29 -c270's -> the rationale there is that I can roll the straddle for two years if I want, will almost certainly pay for the calls after a few months, any pop back above 270 gives the put premiums, the call premiums and +$10 on the long calls, seems like a reasonable "bet" to me to harvest some weekly Theta with little risk
So most of my portfolio is long/short LEAPS now, but I have a few weeklies for entertainment value
Looks like "they" want a ~260 close tomorrow and they're holding it around 258 - volume looks low, so easy enough to manage
A CT delivery event announcement now would spice things up a bit...
I've done some trades today:
Wanted to leverage my 100x Nov +p200's, but didn't want to bet the farm. Tried an audacious 100x -p250 sell @$4.1 for this week expiry, set that before market open in case there was a push below 250, but never came
Instead I settled on 50x 9/29 -p240 @$1.70, seems a reasonable bet before P&D, and I keep 50x contracts in my pocket for rolling
Next challenge for today was to close out 20x -p270's, they've almost no extrinsic left, so didn't want to wait until tomorrow... I decided to roll and sold 20x 9/29 -p270 @$16.1 on a dip, then BTC the 20x 9/22 -p270 on a pop, so that was a net +$4.2, which is more than the ~$2 that an immediate roll offered
I decided to get a bit "clever" with this strike, so I BTO 20x Jan 2026 +c270 and have a sell order @$3.1 for 20x 9/29 -c270's -> the rationale there is that I can roll the straddle for two years if I want, will almost certainly pay for the calls after a few months, any pop back above 270 gives the put premiums, the call premiums and +$10 on the long calls, seems like a reasonable "bet" to me to harvest some weekly Theta with little risk
So most of my portfolio is long/short LEAPS now, but I have a few weeklies for entertainment value
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SpeedyEddy
Active Member
I mean trading hours. could be a SPY 433 significant break tomorrow afternoon and then a run down badly on Monday. Tomorrow not likely indeed.
AND I HAVE TO CORRECT MYSELF ON THE TARGET, would be 413.85 next FIB level and not 410..
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Not TSLA, but look at the size of that green candle for AAPL, 2million shares and the stock hardly moved... not very fair, is it?
STO 20x 9/29 -c270 @$3.1
That's me done for the week, can relax now and enjoy the show
That's me done for the week, can relax now and enjoy the show
Thanks for all the insight, all who are sharing! This morning I opened 2DTE 9/22 +P237.5/-P247.5 near the low for .65, closed just now for .23 ... will next look to again sell CC, maybe 1DTE ; -C270 is .40, -C272.5 is ..25 near $260 ... dunno.
SpeedyEddy
Active Member
Jaguar NACS adoption looks to be a bit of positive news on an interesting moment, though I don't understand, because they would be crazy NOT to have adopted
EXOTIC1
Member
Opened 20x 9/29 -c280s at $1.05 shortly after open. I want to open some 9/29 -p225s, but am looking for a better price than the current ~$0.40.
Give it a day or two.. price action across the board is poor.. I don’t expect TSLA to be spared or avoid what seems to be an objective based, or possibly necessary 8-13% NASDAQ pull back.
P&D FOMO? Maybe the delivery consensus will start to go down next week + the Cybertruck configurator opening should be around the corner.
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