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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Got it. Thanks! I thought it implied that the week after it dropped only -1.64% last qtr, hence can we infer the same for next week since it may be same or better this round.
My prognostic for January:
Do not be lured into the bull trap, if there's any
Stay defensive until end of January
If you're stuck with an ITM short puts, roll out and down whenever given the chance
If you're stuck with an ITM short calls, roll out for credit until end of January.
Do not be lured into the bull trap, if there's any
Stay defensive until end of January
If you're stuck with an ITM short puts, roll out and down whenever given the chance
If you're stuck with an ITM short calls, roll out for credit until end of January.
NO, spreads IS NOT FOR BEGINNERS
you MUST start at the Rookies phase. THAT IS ADVICE!
Option Trading Strategies | Option Strategy - The Options Playbook
40 detailed options trading strategies including single-leg option calls and puts and advanced multi-leg option strategies like butterflies and strangles.
www.optionsplaybook.com
Spreads are a minefield littered with traps that a novice is guaranteed to step on
couldn‘t get the number, they made me work for it.. took $11.40 right at the end. Whew, we’ll play this game again next week/year.
time for two fingers of peaty fermented grain - I know, it’s EARLY for new years. end of year is always a good time to REFLECT, RENEW, RECHARGE
Great year folks, let’s do this again sometime soon.
This chart just screams to me..so we ended 2023 right where we were in Nov 29, at the 50% fib
what a waste of a month
View attachment 1004182
THAT GAP MUST BE FILLED@!@$%%^
so we ended 2023 right where we were in Nov 29, at the 50% fib
what a waste of a month
View attachment 1004182
Unless you mean a waste of a month for the stock's progress overall, that's only for those who just HODL and didn't scalp the volatility
This December was one of my best months this year in absolute gains. And you killed it like a boss too!
BTW TSLA is today at about the same spot it was when it was added to the S&P on December 21, 2020 (~$240 split adjusted). Now that's maddening!
Cheers to all and wonderful playing at the table with everyone here!
Here's to more and better for all of us in 2024 with all we've learned and gone through together.
Happy new year!
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But something like a vertical credit spread is such a defined rvr? Start with HTF charting to find support/resistance levels, check out your deltas on the side you want to play, check expected move for confirmation, then possibly go further out than that.NO, spreads IS NOT FOR BEGINNERS
you MUST start at the Rookies phase. THAT IS ADVICE!
Option Trading Strategies | Option Strategy - The Options Playbook
40 detailed options trading strategies including single-leg option calls and puts and advanced multi-leg option strategies like butterflies and strangles.
I have done the weekly CC/CSP, but not the other two so I will give them some study.
The Accountant
Active Member
I am an amateur playing scales while many here are virtuosos - definitely not investment advice.
I recently switched to monthlies (from weeklies) around mid 2023
For my tax-free IRA account:
I set 25% of my assets with strikes ATM or $10 OTM
and 75% of my assets with strikes $30 OTM
For my taxable account:
I set 50% with strikes at $30 OTM
and 50% with strikes at $60 OTM
I have a 3rd Investment Account with low basis (cost) TSLA shares where I don't write options.
These are not set in stone. At times I sit on my hands and do nothing and there are times I will change my strike price or duration approach based on upcoming news or due to a recent drop or run in the stock price or based on what I am hearing from the people in this thread.
I am pleased with going nowhere. Please go nowhere some more lol.so we ended 2023 right where we were in Nov 29, at the 50% fib
what a waste of a month
View attachment 1004182
Patience is not inaction.
Im just going to go out on a limb here, but if Tesla actually come out with a ~ 20% projection for next year P or D growth, well Katie bar the door..I know, not till later in Jan, but still it won’t be well received. It’s REALISTIC, but not what FOMO, MOMO, growth managers or retail is hoping for.
for 2024, I would consider it SOLID, but still it’s going essentially nowhere, and will be seen as HALF the prior years growth and a DE-celeration for sure. If not for realz, for at least perception and perception is reality as far as the stock is concerned.
disclaimer: I’m down an inch.
That's annualized. You got little over 0.43% for DecemberI got 5.21% in my high yield savings account for the month of December
Yield is always on an annualized basis. It takes whatever you get that week and multiply it by 52.
If you can get 5.21% from cash in 7 days the stock market would literally go to zero overnight.
I’m sorry to say. But, unless you’re really kidding here you should not be using options in your portfolio.
Today's Close = 248.48
I was right(!) last Tuesday pre-market guess, safe by 4.31
This week's High = 265.13, i'm only off by 30 CENTS
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