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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
thenewguy1979
"The" Dog
been chilling out on the wallstreet forum and this site is a breath of fresh air. Lot of good people with some truly good insight. TA can only take you so far. It's the experiences that count and we have it in spade here. Happy to be parts of this and a Good Friday to all!!!!
Wait, what -?- you waltz in here, post a few times, and now you’re saying we all stink???
thenewguy1979
"The" Dog
FSD and Robotaxi are currently overhype dream. When stock rises because of hypes fallback are just parts of the game. Question is how far. Seem the fall is much faster then anticipated. $249 and still falling.....
Obviously macros are helping drive today's price action, but I personally think we are finally seeing the expected P&D number get priced into the stock as well.
Bought back at $5.5 don’t be greedy. (73% gain) I want to be able to sell 10 -c250 at the close probably today for 10/20 for ~ $15.
we may rally back up to 250/253 today, at the close most likely, but I doubt we’re going back over $262 before getting to 23X.. $234 is now my next intermediate target, MAY sell ITM 10/20 calls at $240 for more premium Like $20.
Mid-day QTA update
TSLA well below lower 2sigma, in the past when this happened TSLA usually rose to get back over.
Also $245 area held today (Cary nailed the session containment again, see below from yesterday). Question is do we go lower on Monday (low volume day due to Yom Kippur usually) and rest of next week. You'd think the mystery Q3 P&D coming up on 10/2 might cause some interest and price improvement this coming week, perhaps a dud is expected across the board?
TSLA well below lower 2sigma, in the past when this happened TSLA usually rose to get back over.
Also $245 area held today (Cary nailed the session containment again, see below from yesterday). Question is do we go lower on Monday (low volume day due to Yom Kippur usually) and rest of next week. You'd think the mystery Q3 P&D coming up on 10/2 might cause some interest and price improvement this coming week, perhaps a dud is expected across the board?
EXOTIC1
Member
Wall
Guess you just have to bet on the side that’s rigged.
it’s a totally rigged game. … Many of the legacy auto maker stocks are up today including Ford ……. Yet Tesla is down over 4%
Guess you just have to bet on the side that’s rigged.
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SpeedyEddy
Active Member
Not too bad to be on the sideline, but the only -P (240 dec) is bugging me, so I am buying some counterputs to cover for an assignment-loss on a real dump before dec 15, that looks more likely every day now. Only 7 dollars left (but I hope I can roll them in time) assignment up until 226 is neutral, so in this phase 230 will be my most important support. So I buy earlier puts to broaden the buffer on an early drop
[Edit] Still far from capitulation and shorters seem to keep the powder dry, luring the buy-the-dippers in[/Edit]
[Edit] Still far from capitulation and shorters seem to keep the powder dry, luring the buy-the-dippers in[/Edit]
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I think everyone expects lower numbers than Q2. It's also hard for me to see any margin improvement yet so unless Tesla pulls a rabbit out of their hat I'm not expecting a boost from earnings. Macro is unlikely to rally hard either IMO. We will need to see good news on inflation and GDP growth.
Bright spot might be when (and I'm pretty sure it happens) Jpow comes out next week to talk the market up a little, that and perhaps some hype when the CT event is announced but that might be fully baked in by now. IDK.
Sold calls today and grabbed a few puts so we will probably hit ATH next week.
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Maybe it's because I took the cheaper of the two subs - gets you real-time quotes too
Got out of jail free (except the fee) closed a BPS I foolishly opened yesterday 9/22 +p237.5/-p247.5 for even money. Now it can close above that , I don't care
OK, so, I rolled down next week's 20x -c270's to -c260 to grab an extra $1.50, also to taunt the trading gods a bit to get the stock up
With this dump was getting nervous on my insurance and was thinking ahead a bit, what if Elon starts to sell beginning 2024, he implied he would well next year, not a give, but it's a risk and could be disasterous
So I decided to roll 100x Now 17 +p200 to March +p200 - almost 100% profit on those Nov puts, plus the profit from the short puts I sold this week and I hope the 50x -p240's sold for next...
However, somehow I bought 200x, not sure if that's a broker technical issue (as I had an order I cancelled to change the price), or whether I fat-fingered it
Anyway, given the sentiment I decided to leave them in place for now and sold another 50x -p240 against them leaves 100x contracts free for rolling down if necessary
I'm confident I can recuperate the costs of those - just needs 50c premium short weekly puts, so not going to panic about them and appreciate the insurance for the moment
With this dump was getting nervous on my insurance and was thinking ahead a bit, what if Elon starts to sell beginning 2024, he implied he would well next year, not a give, but it's a risk and could be disasterous
So I decided to roll 100x Now 17 +p200 to March +p200 - almost 100% profit on those Nov puts, plus the profit from the short puts I sold this week and I hope the 50x -p240's sold for next...
However, somehow I bought 200x, not sure if that's a broker technical issue (as I had an order I cancelled to change the price), or whether I fat-fingered it
Anyway, given the sentiment I decided to leave them in place for now and sold another 50x -p240 against them leaves 100x contracts free for rolling down if necessary
I'm confident I can recuperate the costs of those - just needs 50c premium short weekly puts, so not going to panic about them and appreciate the insurance for the moment
john tanglewoo
2012 Roadster Owner
Just closed all these for 2.28. If we continue to dip next week I will be loading the boat selling puts.
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It is not a rigged game, BUT in the short to medium term duration for TSLA and other stocks it is a highly manipulated game. Here, we try and divine that manipulation and either participate or stay out of the way for various time horizons. Over longer term durations, 9-12+ months, fundamentals, market demands, domestic and international policies and objectives and the companies management will prevail and drive share price. Some higher, some lower.Wall
it’s a totally rigged game. … Many of the legacy auto maker stocks are up today including Ford ……. Yet Tesla is down over 4%
Guess you just have to bet on the side that’s rigged.
SpeedyEddy
Active Member
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Sold a $232.5 9/29 put for $237 [$2.37 lol ] right at the close. I’m guessing we get a dead cat bounce on Monday….or it goes to zero. 
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john tanglewoo
2012 Roadster Owner
You mean for 2.37 right? Otherwise you sir found the loophole!!Sold a $232.5 9/29 put for $237 right at the close. I’m guessing we get a dead cat bounce on Monday….or it goes to zero.
SpeedyEddy
Active Member
Ugly weekly candle ending on the low.
don’t make the mistake I and many over here made end of ‘22 to sell puts that eventually came DITM. (Got some now, but covered by buying nearer ones, using profits to buy new ones)
thenewguy1979
"The" Dog
sometimes the cat don't bounce, it just fall flat and died. Just 1 week till PD and then earning. Fear is in the air. The non-announcement of CT does not help. Even if it get announced and pricing is off the chart the cat will fall harder. Who know? This is just a casino.
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