EVNow
Well-Known Member
So the pump is going on. We'll see if we get a dump on Thursday/Friday.
BTW, note the CT delivery is
Last edited:
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
So the pump is going on. We'll see if we get a dump on Thursday/Friday.
BTW, note the CT delivery is
we also had good China numbers .. trending to 1.8M
TSLA has been laggard for past week, lot of NAS stocks have been up quite a lot.
As long as angry bird does not show up ....
SpeedyEddy
Active Member
SpeedyEddy
Active Member
Most certainly, no stock-influencing news to be expected then per Tesla (I realized this as soon as I heard of 13:00 hrs)
Last edited:
EVNow
Well-Known Member
Knightshade
Well-Known Member
So I just closed the short leg of all my 12/8 -220/+225 put spreads... the short leg was near 80% profit so seemed like it made sense to remove the downside cap for relative pennies on the dollar I paid for that cap- esp. if we get the "might go much lower than 226" DL003 suggested might be the case.
Dumb or not do you think?
Dumb or not do you think?
RIP @dl003
j/k ! who cares if it breaks a specific number? Can't predict FED saying dovish things, and it's still right around a specific downtrend line and could easily flush down after the Cybertruck event.
Speaking of RIP. Famous TSLA option trader (ok, maybe not) Charlie Munger passes at 99 yrs. Hopefully there are soda dispensers in the after life.
Was thinking the same, sold at .89 , can buy at .60 ... Lowers cost if bought puts , when we reverse.
Did same.
Sitting on the other leg, 30x +P225 12/8 @$2.67 avg. If we keep pumping tomorrow I may put the -P220 back on.
thenewguy1979
"The" Dog
pardon me Jim. Why would you want to add the short leg back on? Originally why they were added was to cut the cost on the long put legs. Now they're down to penny not sure why we should add them back unless you want to placed more spread.
Sad, and sad that he won’t live to see Bitcoin rule the world.Speaking of RIP. Famous TSLA option trader (ok, maybe not) Charlie Munger passes at 99 yrs. Hopefully there are soda dispensers in the after life.
….or not
You're right, if yours is down to a penny for sure no need to re-add. Mine was ~$0.60 when I BTC (from $1.39) so a bit of juice left. At first let's say it continues pumping to $250-255 or whatever, then STO the -P220 at $0.50 or whatever it's then and it'll decrease as price pumps and BTC for lower price then. But maybe since we already had a big run it may not worth the headache.
Though adding it back for a higher price than we BTC them for if we retreat may make more sense.
I'll let those who do BPS more often than me chime in as to ways to squeeze out more value.
Last edited:
SpeedyEddy
Active Member
65-Min - Double Top detected at 1.618% fib
Credit: Yoona
(That was the one I was talking about today so Yoona should have credited me!)
I sold the same at 3pm and got $2.70
I posted an update. @BornToFly was right and I was wrong.
I'm still holding my puts but not adding more. Once the 246.7 ceiling is gone, there're no more ceilings. We closed 30 cent above it. In a correction, these overshots may happen, just very rarely when it comes to zig zags.
I'm still holding on to the possibility of a 2nd leg down to break 226, unless tomorrow TSLA closes green again.
I'm still holding my puts but not adding more. Once the 246.7 ceiling is gone, there're no more ceilings. We closed 30 cent above it. In a correction, these overshots may happen, just very rarely when it comes to zig zags.
I'm still holding on to the possibility of a 2nd leg down to break 226, unless tomorrow TSLA closes green again.
Last edited:
Did you sell the short side of your 220/225 12/8 BPS (and is that something one does)?
It just might hold tomorrow since CT is the day after (sorry for mentioning news). The STN might come a day late.
Similar threads
