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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
And then the gap fill failed. But hey it's probably not going to go the rest of the way to 200.
View attachment 979231
Can you share some detail how you see things playing out cadence-wise between now and 10/18 so we can plan short calls/puts around it?
SpeedyEddy
Active Member
When you see a lot of FUD, you know you are being played by shorters, it sure is their HAMMERTIME.
So bad for them that we can tell and play along.
Nice little head and shoulders formation closing with a bounce to the neckline in the 1minute, hinting for another 3 dollars down at least. (so 244.50-ish within half an hour to an hour possible)
So bad for them that we can tell and play along.
Nice little head and shoulders formation closing with a bounce to the neckline in the 1minute, hinting for another 3 dollars down at least. (so 244.50-ish within half an hour to an hour possible)
I'm going to close 260Cs when we reach 245 today. Reopen at 252 tomorrow and watch it grind lower from there.
SpeedyEddy
Active Member
Thus: Intrest will at least stay higher for longer and maybe even get upped in the nov FOMC
Anyone noticing there have been zero high profile downgrades on TSLA post P&D? Do these analysts really need more than 5 minutes to plug in the numbers? Or are they allowing smaller bears to be squeezed out first?
Delivery & ASP dropped. Are they going to "wait & see" ER? Or are they going to strike first, squeeze out all weak hands before ER and decrease their cost basis going into it?
Delivery & ASP dropped. Are they going to "wait & see" ER? Or are they going to strike first, squeeze out all weak hands before ER and decrease their cost basis going into it?
Knightshade
Well-Known Member
Closed all my -260Cs today at 245 for ~80% profit FWIW
Still have -245p for 10/13... could roll for even down to -235 for other side of ER but still plenty of time to burn off this one right now
BTC all short calls at $244.75 today and will reposition after any bounce off lows:
18x -C275 10/20 @$5.55 (BTC 3.68)
18x -C285 10/20 @$3.50 (BTC 2.18)
15x -C262.50 10/6 @$1.50 (BTC 0.58)
8x -C265 10/6 @$1.25 (BTC 0.45)
18x -C275 10/20 @$5.55 (BTC 3.68)
18x -C285 10/20 @$3.50 (BTC 2.18)
15x -C262.50 10/6 @$1.50 (BTC 0.58)
8x -C265 10/6 @$1.25 (BTC 0.45)
if it was me, I'd be a lot more concerned about those -245p. The schedule says things are about to get real bad real soon. Tomorrow could be the last chance to de-risk. NTA.
NFA question:
I am currently holding:
xxxx TSLA shares @$305
xxxx +C150 12/2025 @$131
xxxx -P300 12/2025 @$92.00
xxxx -C500 12/2025 @41.38
From what you've been sharing I gather the next pop to $252 is the last chance to exit the long shares + long calls and stay in cash until $230's, correct?
And maybe STO some 10/20 $250 short calls?
(And leave the 2025 short puts and short calls alone.)
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SpeedyEddy
Active Member
got that one on the head
Speaking of Head& shoulders. On the daily, there could be developing one. Just a little drop needed, then back to 244 to confirm the neckline and then 244- (299-244) = 189 target. That would certainly be nice (for me, being bare-handed, converting the virtual gain on Delta from selling around 265 to buying plus gains on -C to finally get back in big (plus -P a lot once we get there to load up some nice LEAPS as well.)).
But first we have to make a drop and bounce to 244. Not today it seems. It's a move on the daily, so will take a week to two weeks or so.
It is looking like wait & see as of now. Basically, let the ER come, see how bad the numbers are, let the stock go down, and then buy low. That’s what it looks to me now…but probably too early to declare that as we still have 2 weeks to go before ER.
And while TSLA is down today, it’s showing relative strength today compared to peers…look at QQQ and other big tech stocks. Not sure what explains this relative strength today.
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low 250 for exit yes. 230 for re-entry, no - maybe.
Seen this "relative strength" movie so many times
. It makes no sense given the lack of any positives. It's like they pull the last of the bulls in and then drop the stock 2$ in 2 minutes.We already did the math. ;-0
thenewguy1979
"The" Dog
Bull traps. Pump then dump. Earning going be bad and yet no downgrades. Bull buyings the dip then stock take a dump. Macro is getting worse and yet Tesla still trying to pump back up with bad PD. Market make no sense but it a casino right? Luckily we got some good hands here.
STO here starter position:
6x -C260 10/6 @$1.50
10x -C270 10/20 @$5.55
6x -C260 10/6 @$1.50
10x -C270 10/20 @$5.55
Agree with you that it doesn’t make any sense given those numbers…was surprised myself and wondering why that’s the case.Seen this "relative strength" movie so many times
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