Wiki Selling TSLA Options - Be the House

[Oil4AsphaultOnly]

Anecdotal data point. I sold a lot of CC Jan/Feb on Tue/Weds this week against other large positions in MSFT, AAPL, AMGN, ADBE, NVDA, INTC, AMAT, MAR, and they are all DOWN between 25-40% today since when they are sold, so overall FOMO run, EOM, end of big month NOV seems to really be pulling back hard at least to the extent that MM think we’re just going to continue to run up higher... IF some of these pull back harder against their ATH levels 3-5%, we could see much more downward pressure either macro or TSLA specific here in the near term on Tesla.

Really? Even with NVDA dropping significantly today?

 

[EVNow]

Self regulation is best regulation. ;-)

Would you say that given Cruise saga

ps : I know you didn't mean to - but lot of posters casually throw in political speech here. It is best to avoid any references to regulations or unions (unless directly affecting TSLA). Afterall regulations are the heart of political ideology.

 

[SpeedyEddy]

Went back in on P250 for tomorrow ((just as the cheapest synthetic counter-share without minimal theta) , big NY boys done with lunching. "let's scare some retail out..."

 

[tivoboy]

Really? Even with NVDA dropping significantly today?

the NVDA CC are down ~ 45% today, so its a solid winner. I may take some of these profits, but I think the most recent goose run is over.

 

[EVNow]

I've 260 CCs for Friday that I'll probably roll tomorrow - just to derisk. I also have 210 puts - which I'll buy back when it gets to 1 cent

Just not sure what would be a good strike to roll to for next week - considering strong resistance in 260s. May be I'll just buy back the CC tomorrow and open on Friday after looking at the CT reaction ... currently trading around the price I sold at.

With SP some $20 below the strike - I'm not sure I need to close out the calls ... or the puts.

 

[Jim Holder]

Not really.
I took profit of my puts at 240. Will reenter if we see 245 today/tomorrow.

Thanks. Closed the 225/220 and BTC a few CCs for gains near LOD as well, planning to try again if we get a pop.

 

[thenewguy1979]

Thanks. Closed the 225/220 and BTC a few CCs for gains near LOD as well, planning to try again if we get a pop.

Are we saying offload all puts since there's be a bounce going into CT launch? SP is now 239.

 

[Jim Holder]

Are we saying offload all puts since there's be a bounce going into CT launch? SP is now 239.

Bounce not assured, would be a bonus if we got one. But $238/239 is a support level. If I’m heavy in puts and see green and want to reduce risk, I’d take some gains off the table around here. But that’s just me “Roundtrip Bandit”

NFA

 

[juanmedina]

Are we saying offload all puts since there's be a bounce going into CT launch? SP is now 239.

I wondering why so early as well. I thought $226 was the target.

 

[Jim Holder]

I wondering why so early as well. I thought $226 was the target.

I think because the PA pattern isn’t clear currently so caution is in order. NFA

 

[thenewguy1979]

Bounce not assured, but $238/239 is a support level. If I’m heavy in puts and see green and want to reduce risk, I’d take some gains off the table around here. But that’s just me “Roundtrip Bandit”

NFA

Got it. I'm going to hang on to them and see how it play out as SP continue to deflate for now... it's approaching 237.

Closed the Condor for some kibbles.

 

[Jim Holder]

QTA mid-day update

Well below daily range low, seems to be retesting breakout area.

Wicks...though I wonder if it'll try for the green wick on the left @$234 area

1-hr

12/1

12/8

 

[dl003]

I wondering why so early as well. I thought $226 was the target.

I'm just trying to read the chop. For the life of me, I can't see an impulse. More like a zig zag pullback. EVENTUALLY, it's gonna take out 252. 226 will still be reached in between but I think it's gonna be a long grind down. Now we may bounce.

 

[intelligator]

Went back in on P250 for tomorrow ((just as the cheapest synthetic counter-share without minimal theta) , big NY boys done with lunching. "let's scare some retail out..."

Explain this pls, it's not clicking for me TL;DR previous posts for same position. Assuming you went long 12/1 +P250, you want to sell the news?

Never mind, found the post, you are selling at $236 , got it.

 

[thenewguy1979]

I'm just trying to read the chop. For the life of me, I can't see an impulse. More like a zig zag pullback. EVENTUALLY, it's gonna take out 252. 226 will still be reached in between but I think it's gonna be a long grind down. Now we may bounce.
View attachment 995060

I closed all my Puts and retained just 4 x +227.5 exp 12/8 for the heck of it.

Thanks DI003

 

[MikeC]

Bought a few 12/1 235p and 12/8 230p. Let’s see if this time is different.

 

[intelligator]

I am watching the broadcast on X, all video since top of hour, am I at the wrong theater?

 

[dl003]

I'm just trying to read the chop. For the life of me, I can't see an impulse. More like a zig zag pullback. EVENTUALLY, it's gonna take out 252. 226 will still be reached in between but I think it's gonna be a long grind down. Now we may bounce.
View attachment 995060

The smaller timeframe is not as reliable. It can be just a weird looking 5 wave down like this. I'll reenter puts if 243.5 is given.

 

[Jim Holder]

I am watching the broadcast on X, all video since top of hour, am I at the wrong theater?

Lol. Correct theater.

Typical for Tesla to start late...

 

[Jim Holder]

I'll reenter puts if $243.5 is given.

Even if $243 is not given then for sure puts, no?