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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
You can do weekly, monthly, or leaps. Depends on how much you want to watch the ticker everyday, and if you think we are going to get a pop that would make selling leaps more profitable later. I held off on selling Jan 2025 400 strike calls a few weeks ago because I thought we would be over 260 right now. Boy was I wrong. I left money on the table if things continue like this much longer....
We're on the road to nowhere... Capping at $214 is the theme of the day!
EVNow
Well-Known Member
This is the reason I do weeklies instead of Leaps or monthlies. By staying out during ER etc - we can "hope" to avoid selling shares when the SP is ripping up.
But there are no guarantees - we can still get caught. Esp. true since TSLA seems to rip up for silly reasons (silly to me, apparently a big deal to some others) - like Hertz buying EVs (which now they are selling !) and NACS adoption, which to me seemed like surrendering a moat.
thenewguy1979
"The" Dog
Too many negatives headlines lately. Surprise SP held strong considering Macro and the continual price cuts.
Got a wedge forming by the looks of it...
Maybe it's being supported, rather than squished, by the OPEX expiry...?
sold Below Bid and sweep order, so that's a good sign
translation: seller has sense of urgency to get in on the action now, whatever the cost
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thenewguy1979
"The" Dog
That's should help us bounce off the 212.5. Thank Max for again dropping your Wallet.
Seem the forum is lonely today. Just a handful of us talking back and forth
EVNow
Well-Known Member
BYDDY down 4% too. You should add that to your list - afterall BYD is the largest EV maker and IMO the main competitor to Tesla in the long run.
thenewguy1979
"The" Dog
EVNow
Well-Known Member
My experience : If you are placing a large order through the broker, they will ask you to name a limit price that is beyond bid/quote. Atleast that is what fidelity did a couple of times to me.
Ding Ding we have a winner.
Would not be at all surprised by the stock being held up by MM's only to crater next week before earnings with max FUD out there. Hell there will likely be some sort of negative news between now and earnings, maybe more price cuts in other areas.
Leading into a setup of a sell off before earnings only for Wall St to flip bullish after earnings...even if they're not that great a la Q1/Q2's earnings and corresponding rallies. If this set up does come to fruition, I'll likely close out a number of my CC's and roll the 2025 LEAPS I own to June 2026 on the cheap.
While I do see this being the play by Wall St, there is the possibility that Wall St craters the stock next week only to really pummel it if earnings are weak and we hit all the way down to close the gap at $146.
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