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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Max pain for today is 230.
Looks like Bloomberg even planted a story saying what a nice boy Elon is
I'm 100% long leaning at this moment. If it crashes it crashes and I'll lick my wound.
thenewguy1979
"The" Dog
Aint crashing. Macro too Green. 220 seem to be the low for today.
Im calling big ass bear trap. Keeping my Longs.
Im calling big ass bear trap. Keeping my Longs.
jeewee3000
Active Member
Does not compute.
You mean you're short on 225 puts exp next week? Else I cannot reconcile these posts.
This should pop the stock a bit, no?
OK, as planned, STO 70x 1/26 -c220 @$11.1, could have got more, but obviously didn't expect the opening bounce to go higher, hey-ho!
Still holding the 100x 1/26 -c240, have a sell in for those, but didn't quite hit at open. No big rush, I might even hold them anyway given that I also have 1/26 20x -p240's
Why everything 1/26? Well that's the week with the best IV, of course, and the idea would be to close it all out on earnings day, we'll see...
+$210kYTD on short calls alone, so feeling OK with this very bearish position, until it flips of course...
OK, as planned, STO 70x 1/26 -c220 @$11.1, could have got more, but obviously didn't expect the opening bounce to go higher, hey-ho!
Still holding the 100x 1/26 -c240, have a sell in for those, but didn't quite hit at open. No big rush, I might even hold them anyway given that I also have 1/26 20x -p240's
Why everything 1/26? Well that's the week with the best IV, of course, and the idea would be to close it all out on earnings day, we'll see...
+$210kYTD on short calls alone, so feeling OK with this very bearish position, until it flips of course...
Got it. You were saying you are looking for a bounce and seems like we got the bounce at 219.6. In your opinion, how high this dead cat can go?
I don't know if it's a dead cat and probably won't know until after ER. So just play for a bounce first then risk manage for downside later.
Not seeing much life in the stock for the foreseeable future (next months). The dark clouds of further price drops, shrinking EV credits, Elon possibly selling after the lock-up period ends will not be easy to dismiss by the market. I can see us go to 150 this quarter. I'm prepared, but not well enough.
I could be wrong as usual.
I could be wrong as usual.
What are you talking about?
He oversold in 2022, should have plenty of cash on hand since X's burn has stabilized.
Alrighty them, all-in short then for me, the whole farm, fields, cows, sheep and yes, the dog too!
Not saying you're constantly wrong or anything...
At the end of 2022 he said he would definitely not sell in 2023 and probably not in 2024. ‘Probably’ being the magic word. And it's not like nothing has changed since then with the venture he may need money for - it's too far OT to discuss that in more detail.
I've added some more protection with 5 x p200 2/2 at @2.87 (not related to a possible stock sale, but to the 2024 outlook Tesla may provide).
SpeedyEddy
Active Member
like yesterday we do a fakey up and then go for the real bottom.
Like I said last week, again I do not like closing near the week low. We are getting close to bearish engulfing on the monthly, which would be very bad, but it all coincides with the 217 long term rising-bottom, that I pointed out this morning (@dl003 confirming that pivotal point). It is crucial to hold and in fact I would like to see a 217.99 at least today to jump away from immediately and not hovering around the bottom like yesterday, or as @dl003 explained earlier: You have almost zilch time to step in on a real bad bottom. That is the reason I do not think the 219.60 was the bottom today yet: we took off, but there was no follow-through. So now I am getting out of other positions to create maximum cash and margin for the last buy and just a little bit more -P, today if bouncing off 217 and otherwise Tuesday-Friday (Remember: no trade next Monday and quite a lot of worldnews to be digested over the long weekend.)
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BTO +C255 9/20/24 @24.15
BTO +C300 1/17/25 @21.10
BTO +C150 12/19/25 @102.75
STO -P300 1/17/25 @88.10
STO -P300 6/18/26 @104.00
Just a couple more of each, building position for the bounce and plan to STC/BTC however high it gets.
BTO +C300 1/17/25 @21.10
BTO +C150 12/19/25 @102.75
STO -P300 1/17/25 @88.10
STO -P300 6/18/26 @104.00
Just a couple more of each, building position for the bounce and plan to STC/BTC however high it gets.
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