Wiki Selling TSLA Options - Be the House

[Jim Holder]

Anyone know when P&D numbers are released on Jan 2. Is it before market opens or after market closes?

 

[dl003]

Will we get this drop to 240?

History says this drop can be quite steep. I think we can see 240.

My rationale is:

This is bullish
My target for the 2nd leg is at least 265
So it's better that it pulls back now way before 265, than to run all the way to 265 and crash
because there will be a 2nd leg to reach the 265 target

It reached my target, but I don't like the fact that it shot up right before P&D on news of Uber Japan and Wed Bush & MS pumping.

 

[DarkKnight83]

Anyone know when P&D numbers are released on Jan 2. Is it before market opens or after market closes?

They were not consistent on that. But it will be during market hours.

 

[DarkKnight83]

History says this drop can be quite steep. I think we can see 240.

It reached my target, but I don't like the fact that it shot up right before P&D on news of Uber Japan and Wed Bush & MS pumping.

There is too much euphoria in the market which is pissing me off. I couldn't get in without a good pullback.

 

[dl003]

They were not consistent on that. But it will be during market hours.

If the 2nd day of the month falls on a weekday, they'll do it premarket.

 

[tivoboy]

They were not consistent on that. But it will be during market hours.

They normally do it pre-market, and even on Sundays.

 

[thenewguy1979]

Where is Elon to help us sellers

Waiting…waiting….

 

[CHGolferJim]

My remaining LEAPs finally reached their cost, so I sold out feeling like we're in a macro-supported year-end run up, then a likely dip after P&D and ER (and certainly influenced by dl003 and Yoona commentary):

• Jan'25$160 -- bought 12/3/22, +59% = +13% vs. TSLA over same period
• Jan'25$300 -- bought 9/14/22, -62% = -48% vs. TSLA over same period
• Jun'25$250 -- bought 3/1/23, +25% = -4% vs. TSLA over same period
• Total +4.3%

May get back in with LEAPs if there is a sizable SP dip in 2024, but it's clearer to me now that you HAVE TO buy when SP and IV are low, and exit when the opposite. The risk of capital loss during periods of flat or reducing SP is significant.

 

[thenewguy1979]

Plan B

Dropped the short legs (-260p) and kept my longs +265C to ride the momentum.
Also kepts the Put Spread (+250p/-245p) to complete a strangle just in case Elon decided to step in to help Sellers.

edit: Macro is going green....that's parts of the decision thought process.

 

[DarkKnight83]

Anyone see 270 this week?

 

[Max Plaid]

Hmmm, the markets just crapped themselves...

 

[Yoona]

Anyone see 270 this week?

TSLA has difficulty climbing above the Order Block (4 attempts)

 

[thenewguy1979]

Hmmm, the markets just crapped themselves...

guess I jinx it when I said it went green. Note to myself - always inversed thyself....

 

[thenewguy1979]

TSLA has difficulty climbing above the Order Block (4 attempts)

View attachment 1003470

SP did eventually broke through 258/260 after numerous attempts. Still 2 more days left.

Let see if the Santa Rally still have some steam left...or the FOMO into PD playing a role.

 

[Jim Holder]

Added a few -C290 1/5/24 @1.05

 

[Yoona]

pockets of red appearing for 1/5

 

[DarkKnight83]

SP did eventually broke through 258/260 after numerous attempts. Still 2 more days left.

Let see if the Santa Rally still have some steam left...or the FOMO into PD playing a role.

I think its FOMO into PD. They are pumping huge. I dont' see any valid reason to break above ATH DTL now.

 

[Jim Holder]

Makes sense to be chopping around here, have a look:

 

[Jim Holder]

1/5/24 options data:

 

[thenewguy1979]

1/5/24 options data:

View attachment 1003497


View attachment 1003498

Sensory overloaded... thank Jim!