Any ideas why the markets crapped their pants at 14:40 - seems to be everything, including crypto, but I see no news to explain it??
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Today I placed a 12/1 -c260 for .75 , waiting for price to come to me , but we didn't get to 241.xx , gonna try again tomorrow and wednesday even if it's going to be lower premium. Will also watch for reversal to buy puts.
Ultimately, human emotion across the entirety of the planet, adjusted individually for their capacity and desire to engage in the market for a given security, dictates the price. However, assessing as such directly person by person is an intractable challenge. Humans are, however, often good at identifying shortcuts that allow for them to function most of the time without actually solving the hard intractable problem. Use such shortcuts when you can, where you can. (Yes, all of the above, slightly tweaked, applies to many other areas of humanity beyond securities trading.)
From my understanding this panoply of emotions shows up in the chart. Which is why it works for so many traders.
The market was so dull I noticed the drop as well. Maybe coincidental but the prez was at the podium.
It was overall probably more related to bond auctions and upcoming funding needs becoming a bit more defined. LOTS of supply inbound. Track the treasury auctions for USD$, auction outcomes and impact on equity markets. USD$ DOWN, markets UP, rinse and repeat.
The markets in general have gone on a massive run the last few weeks, with TSLA largely left behind. If CT event doesn't move the needle, I'm going full Bear mode until dl003 says otherwise, as QQQ seems tired. I'm just not ready to do it yet until the end of the week. dl003 will have a stroke, but I still believe major news can move the SP and over ride TA.
Honestly, vehicle reveals going back to the D event in 2014 have rarely moved the stock, and a sell-the-news has been pretty reliable over the years.
We used to get runups into the event but seems like even that hasn’t been the case in a while. I think Elon threw a financial wet blanket on Cybertruck with that last ER, so I remain comfortable with my ITM calls from 215-240 for Friday.
thenewguy1979
"The" Dog
All the major indexes including SPY and QQQ are developing triple bear divergence or head and shoulder.
Tesla been flat so far since last week. If there was a bounce coming soon due to CT it may go as high as 242 then deflate. That would still make DI0003 statement true as he did mentioned loading more boatload of puts at 241.x By now I think he have a carnival ship of Put
The 244 price target aligned with wicked stock and if broken will also invalidate the bearish move down. We go long then.
We should know soon this week.
Tesla been flat so far since last week. If there was a bounce coming soon due to CT it may go as high as 242 then deflate. That would still make DI0003 statement true as he did mentioned loading more boatload of puts at 241.x By now I think he have a carnival ship of Put
The 244 price target aligned with wicked stock and if broken will also invalidate the bearish move down. We go long then.
We should know soon this week.
chillerjt
Member
16.7k China weekly numbers. According to Twitter.
Highly recommend Papafox’s post #4112 for historical perspective. The question is how to balance our two prominent opinion leaders — Papafox and dl003.
OI traffic jam at 235, busy between 232.5 and 240. Nice call increase at 250, 240, 242.5. Uniform put OI increases as well.
Being mostly flat, I may just set an IC and let time decay do its thing for a few days, shut down the losing side, momentum trade once direction is set.
EDIT: Tallest call wall is at 245, 46K. 14k of the OI is at P220 and similar size at P230. Put call ratio is .73
Being mostly flat, I may just set an IC and let time decay do its thing for a few days, shut down the losing side, momentum trade once direction is set.
EDIT: Tallest call wall is at 245, 46K. 14k of the OI is at P220 and similar size at P230. Put call ratio is .73
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I believe they're coming from two completely different perspectives, PoppaFox writes in that post that he hopes the market will soon see the growing value of Tesla and reacts accordingly, while DL003's data is solely based on TA and not hopes.
jeewee3000
Active Member
With all due respect to Papafox and his efforts through the years, his posts are mostly an explanation/synopsis of why the SP has moved in the past.
His goal isn't predicting short term SP moves, and he makes no attempt to. He is in essence a long term bull that many HODlers rally behind, and because $TSLA is such a strong ticker, his bullishness is rewarded whenever we rally. Papafox doesn't say: sell this top 'cause short term the stock is overbought.
dl003 is an entirely different beast, who tries to pinpoint with great accuracy the shorter term moves of the SP. I guess dl003 is a long term bull too, but that's unrelated to his short term trading/analysis. It's not because a stock will reach $X one day, you should keep holding until that day. Too many opportunities lie between now and then. In other words I don't think dl003 is too attached to any ticker, which is my view as well. I don't need the prestige of HODLing anything, I just don't want to see my portfolio drop 50% whenever $TSLA does.
QTA levels for today + some notes
NFA
12/1
12/8
NFA
12/1
12/8
Correct… I think this thread name should be changed to “tesla options trading - making money no matter what the stock does”..
SpeedyEddy
Active Member
just BTO P250 for 12/8 @ $14.90. These are already $16.50
Maybe today IS THE 225 day
Maybe today IS THE 225 day
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BTC all at lows for around $1,800 overnight scalp.
Looking to STO again on next pop if we get one.
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