Wiki Selling TSLA Options - Be the House

[OrthoSurg]

Oh
My
God

Almost closed all my longs yesterday when I thought everything was going back in the 100s with the wedge breaking down

Was 1h late in my clinic so didn’t have time to do so. Today my LEAPS are flying high. I could sell CCs on my LEAPs however I don’t know how it would affect margin selling a poor man covered call when my LEAP is June2026 with 310 strike price

 

[SpeedyEddy]

Sold 250calls on all my TSLA.


View attachment 999376

so you expect a drop after rising above 250 next week?

 

[SpeedyEddy]

Oh
My
God

Almost closed all my longs yesterday when I thought everything was going back in the 100s with the wedge breaking down

Was 1h late in my clinic so didn’t have time to do so. Today my LEAPS are flying high. I could sell CCs on my LEAPs however I don’t know how it would affect margin selling a poor man covered call when my LEAP is June2026 with 310 strike price

You could quit your job, or stop being involved in short-term trades. You choose! (I know you are in doubt over this, but I could not trade before I quit my job*, so I am being serious)
* I would better have held the job, money wise, in hindsight ( nahhh, so much more fun now)

 

[EnzoXYZ]

Knock knock $250 knock knock

I'll admit trying to get my shares back from the CC's that was exercised (my unforced error) 230-235 may not go as planned. Certainly looking likely yesterday but we are getting at $20 reversal ATM.

 

[SpeedyEddy]

Tried to sneak in 250 CC's for .20 c on the Calls i bought yesterday.
It's getting Rocked now so I gotta Roll ....
.20 to 3.07 ... big paper losses if not for the roll

I thought you only were betting long Tesla, as from your comments. Maybe better roll into -puts instead... This is far from over If you ask me.

 

[Jim Holder]

$250 will be hard to crack

Lots of GEX confluence at $250:

Magic 8-Ball says range 238-248

 

[Max Plaid]

OK, so maybe I was a bit hasty writing -c240's yesterday, I seriously thought we'd be held below 240 for the week with the TWOPEX

Anway, no panic, will see where we land tomorrow, roll and straddle, as I do when things go ITM

Wider big-tech not doing so great, EV stocks flying

 

[SpeedyEddy]

SP hitting it's head hard against the lamp hanging from the 250-ceiling.. Just taking a very deep breath for another try?

 

[phantasms]

so you expect a drop after rising above 250 next week?

Sorry I wasn't more specific. They're for this Friday. I expect we close just under 250 this week. If I still have any TSLA left I'll write some 270s on Tuesday for the following Friday. I've been playing less with weekly because it seems less risky when I have a big monthly call wall to help me out.

 

[SpeedyEddy]

$250 will be a bit difficult to take, but signs of a squeeze are getting stronger now (50% of average daily volume in 1 hour, going up)

I made a little mistake, it will take 1,5 hours for almost 50%, now slowing down (as per usual)

 

[Jim Holder]

As long as TSLA holds $247 I'm staying bullish.

STO 10x -C260 12/22 @2.75
STO 10x -C265 12/22 @1.77
STO 5x -C270 12/22 @1.15

Added:
STO -C280 3/15/24 @12.30
STO -C300 3/15/24 @7.70

Sell wall @$250 grew a lot:

 

[dl003]

Fed pivoted
According to CGS it’s time to buy stock once again when fed pivot, everything but TSLA is at ATH.

I really don’t know what to do

Keep in mind this is the same guy who said don't buy stock at SPY 410, but now buy at 472.

 

[Jim Holder]

Keep in mind this is the same guy who said don't buy stock at SPY 410, but now buy at 472.

Are you net-long or we may be topping here?

 

[bingoz]

I'll be happy if TSLA just closes the week right here at 246.xx lol, keep next week a bit harder to predict. Of course, I have -247.5c.

 

[dl003]

Are you net-long or we may be topping here?

I've been net long since we held 232 2 weeks ago. Gonna add a bit more if we don't close the bull gap today by EOD tomorrow.

 

[SpeedyEddy]

Out of breath I guess, so for last 10 minutes have been selling long calls because theta will do most of the (negative) work until next monday, tomorrow I will daytrade a bit around the expected highs and lows (peeping at max pain mostly). -P all still in play.

 

[Jim Holder]

Out of breath I guess, so for last 10 minutes have been selling long calls because theta will do most of the (negative) work until next Monday.

Curious what strikes/DTE?

 

[SpeedyEddy]

oh sorry @Jim Holder the ones I mentioned earlier except for the 2026 ones.
Tomorrow on any dip I will buy some back (being ready for a good-old-monday-morning-jump. Must be ages ago we had one of those (or memory failing...)

 

[elasalle]

I thought you only were betting long Tesla, as from your comments. Maybe better roll into -puts instead... This is far from over If you ask me.

Above 300 by Jan and i close my personal account. So CC's against everything in personal for $310 for last week of Dec.
i took a small loss in closing them CC's.

 

[SpeedyEddy]

if we don't close the bull gap today by EOD tomorrow.

you surely do not mean the 274 of 9/18, but I see no other ones on the daily