A gap fill at 224 is what I'm betting on, at the minimum.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
No timing yet. Well, within a week.Thanks. Timing?
john tanglewoo
2012 Roadster Owner
Want to clarify my post.
TSLA correlation to S&P is less for the normal look back of 5 years. It's only been 0.5 for the past 2.
Regarding the US10YR, TSLA is negatively correlated by 0.12 (meaning it moves in the opposite direction).
But generally anything less than 0.3 is statistically insignificant.
EVNow
Well-Known Member
Yesterday I sold 240 CC and again 245 CC.
Looks like 240 is already in danger. I don't get much gain by rolling to next week - just $5 (may $7.5). @adiggs would you roll today ?
Also I bought back sold 190 puts (limit orders executed) - should I sell puts for this week again. What strike ? 215 gets me 25 cents.
ps : The way I got caught really badly in DITM puts and got assigned was something like this. The SP ran up and I rolled up the put. Next day SP tanked ("Twitter"). I still haven't recovered from those assigned puts.
Looks like 240 is already in danger. I don't get much gain by rolling to next week - just $5 (may $7.5). @adiggs would you roll today ?
Also I bought back sold 190 puts (limit orders executed) - should I sell puts for this week again. What strike ? 215 gets me 25 cents.
ps : The way I got caught really badly in DITM puts and got assigned was something like this. The SP ran up and I rolled up the put. Next day SP tanked ("Twitter"). I still haven't recovered from those assigned puts.
Eating right through and up...
$236 area holding down so far...moment of truth into the close.
For those in short calls, be mindful of a gap-up into the 50-day ($241 area) which can ignite more fireworks.
$236 area holding down so far...moment of truth into the close.
For those in short calls, be mindful of a gap-up into the 50-day ($241 area) which can ignite more fireworks.
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If you are stuck with ITM CC, please cry on the inside and don't type it out. People over in the main thread love days like this. Don't give them the satisfaction, fellow degenerates.
chillerjt
Member
Dropping charts, knowledge and jokes. Please don’t ever leave.
Sold 12x -cc245 11/24 @3.80 weeklies (thanksgiving week, could be lots of low volume vol) (would have held out for $4 but don't have time today)
I agree. Some profit taking wouldn’t surprise me, but today’s CPI print and the accompanying changes in Fed funds futures could precipitate a rally that doesn’t see us revisiting recent lows any time soon.
I show the day's high at $238.135. Above $238.11, but not at close.
Yeh, intraday touches don't really count I'm told. I meant on a close basis.
SAPharmD
Member
So I guess when the fed pivots next year, the market will begin to show weakness and pull back significantly?
Oh, "daily" chart
...I'll go with the more optimistic view.
[Edit: oh wait... just read the rest of that thread
...]
Well I do have 100x ITM -c220's, but I'm not crying over them, I'll be rolling at the same strike and straddling with puts, using the excess premium to close out positions and then write OTM shitputs with freed-up contracts and buy back more contracts with those premiums too, -c270 is a strike I'm OK to sell off my LEAPS and wait for the next pull back, will "survive" selling puts
I did buy back the 50x -c215's and 50x -p210's for this week and STO 115c 11/24 -c250's -> these written mostly against 100x +c240's bought at $195 and my target sell on those is +200%, which is around $250, I'd made enough on all my puts this week, the initial call premium and the -c250 sell to pretty much break even, so although not perfect I'll take it
But not rushing on the rest...
I did buy back the 50x -c215's and 50x -p210's for this week and STO 115c 11/24 -c250's -> these written mostly against 100x +c240's bought at $195 and my target sell on those is +200%, which is around $250, I'd made enough on all my puts this week, the initial call premium and the -c250 sell to pretty much break even, so although not perfect I'll take it
But not rushing on the rest...
Nice work. A lot to keep track of!
I'm still holding these covered calls (would like to hold onto the shares if I could):
11/17
15x -C230 @1.00 (currently red
Wondering about this (nutty?) logic: If I BTC this today or tomorrow it will cost me around $8/share ($12k) over what I got for the contracts, that's like locking in the sale on the shares for $230 when it's at $238 now and might go higher by Friday. If I do nothing and let the clock run out and the SP remains around $238-242 range by Friday close, I end up with more or less the same "punishment" but keep the chance we chop tomorrow and Thursday and close Friday around $230-235 in my back pocket. (However, if the SP goes to 245+ I would be stupid for not freeing up the shares and just rolling to maybe Jan 19, 2024 -C265 for $8.70). Is that nutty overthinking?
11/24
30x -C235 11/24 @ 3.15 (currently red
15x -C240 11/24 @1.00 (currently red
I'm not worried about these just yet.
I would like to apologize to @dl003 for him to read this.
thenewguy1979
"The" Dog
How you keep track of all the wheelin and dealin? Just reading them make my tiny head spun round and round.....
For those 100x ITM -c220 guess the expiration are weeks out so they have no chance of being assigned?
I read here somewhere but cannot track it down is it true ITM Call are seldom assigned whereas ITM Put are almost always assigned?
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