Wiki Selling TSLA Options - Be the House

[Jim Holder]

@Max Plaid can you take a look at this ITM 9/20/24 -P290 position and let me know if the $3.34 extrinsic is enough for me to hold onto it or should I roll now? There's 242 days to expiration remaining. If we go below $200 would the extrinsic disappear faster? Not sure how that works.

 

[Jim Holder]

https://twitter.com/x/status/1749536401689845831

 

[thenewguy1979]

Except QQQ dropped 0.25%, TSLA >1%

Even pump master NVDA cannot sustain a break over 600. The Macro take a breather before pumping again this week.

Tesla is it own animal. It's been disconnected from Macro for weeks now while M7 was pumping ATH.

For the fellow last month who was sad since Tesla was not cheap enough so he can load his boat - here come the opportunity.....
Load them up.

 

[Jim Holder]

For the fellow last month who was sad since Tesla was not cheap enough so he can load his boat - here come the opportunity.....
Load them up.

If TSLA keeps this up soon no one will want it even at $60

 

[thenewguy1979]

If TSLA keeps this up soon no one will want it even at $60

I don't know.............Max said he was aiming to add 10K shares by the end of the year.

 

[Jim Holder]

I don't know.............Max said he was aiming to add 10K shares by the end of the year.

I’ll sell mine for $2.50

 

[Max Plaid]

@Max Plaid can you take a look at this ITM 9/20/24 -P290 position and let me know if the $3.34 extrinsic is enough for me to hold onto it or should I roll now? There's 242 days to expiration remaining. If we go below $200 would the extrinsic disappear faster? Not sure how that works.

View attachment 1011287

I guess you can never say never, but the general rule-of-thumb here is that there needs to be less than $1 extrinsic and close to expiry before you start sweating on early assignment. In this case looks OK down to $190, doesn't help that IV is pretty low

On the other hand, consider that there's quite a bit of OI with 3314 open positions and no volume

I had a bit of a similar situation with Sep 2024 -p300's, that I could see would look a bit tight if the SP dropped, so I rolled them down to -p270 and sold -c270's to cover the premium gap (which I rolled in and out of a few times, then wrote 2x in the end)

 

[Max Plaid]

I don't know.............Max said he was aiming to add 10K shares by the end of the year.

More like mid 2025, but if it dropped to $60 I'd buy them tomorrow - and it's only 8k shares, I already have 2k...

Then I'll sell 100x $1 weekly calls + puts for the rest on my life for a $1m annual income, that's the idea

 

[Yoona]

2/16 c220 bullish bets just in

View attachment 1011226

one more c220, but for next week 2/2

 

[Jim Holder]

I guess you can never say never, but the general rule-of-thumb here is that there needs to be less than $1 extrinsic and close to expiry before you start sweating on early assignment. In this case looks OK down to $190, doesn't help that IV is pretty low

On the other hand, consider that there's quite a bit of OI with 3314 open positions and no volume

I had a bit of a similar situation with Sep 2024 -p300's, that I could see would look a bit tight if the SP dropped, so I rolled them down to -p270 and sold -c270's to cover the premium gap (which I rolled in and out of a few times, then wrote 2x in the end)

View attachment 1011294

Thanks. I’ll definitely keep an eye on it then maybe roll down if it gets sweaty.

What does the high 3,314 OI and 0 volume imply in your comment?

 

[juanmedina]

Man the sentiment is horrible. I think most Tesla stock holder are extremely down because all other stocks are performing so well. I sold some $180 puts for Friday again after closing them this morning.

 

[Jim Holder]

2/9 looks a lot more put heavy than 2/2, which is odd given that earnings are 1/24

2/2

2/9

2/16

2/23 (turns bullish)

3/1

 

[DaBooster]

A while back someone on here was asking if there was a site with historic options pricing (Sorry can't find that post) but here is a site that has historic options prices.

https://www.optionistics.com/quotes/option-prices

 

[Jim Holder]

Yeah, and I’d like to get PAID to buy then. ;-)

Ah, so you're planning to close them on any run $217-$235 between now and March 15 (if we get one), and/or you don't expect TSLA to be below $190 by expiration. More likely you're seeing a run of some sorts on the menu where you plan to close them and get PAID, yeh?

-P185 3/15/24 currently @$5.55
-P190 3/15/24 currently @$7.05

 

[Jim Holder]

https://twitter.com/x/status/1749594128583733660

 

[Musskiah]

Jim Cramer Predicts Tesla 'Would Be First To Fall' From 'Magnificent 7' Stock Group: 'We Have A CEO Getting A Little Petulant...Again' - Microsoft (NASDAQ:MSFT), Advanced Micro Devices (NASDAQ:AMD)

Cramer is a big fan of Nvidia and its CEO, so much so that he has named his dog after the company.

www.benzinga.com

Cramer...inversed Cramer time...we pump guys

I love this video. I haven't watched it in a couple years.

 

[Max Plaid]

Thanks. I’ll definitely keep an eye on it then maybe roll down if it gets sweaty.

What does the high 3,314 OI and 0 volume imply in your comment?

Well if you're on a strike with plenty of OI and some get exercised early, then less chance will be your positions, also as no)one is trading them they're more likely longer term setups

But that's just my opinion, I have no facts to back that up

 

[Max Plaid]

Man the sentiment is horrible. I think most Tesla stock holder are extremely down because all other stocks are performing so well. I sold some $180 puts for Friday again after closing them this morning.

View attachment 1011307

Broader EV sector is getting crushed, I don't think it's a Tesla specific issue, rather the general narrative that has been setup that EV's aren't selling anymore

No doubt the pirates use this to amplify the signal in TSLA to reap more rewards...

 

[Max Plaid]

Very strong China numbers, again...

Indeed the anti-EV FUD is really strong right now, and the only narrative you see about Tesla is price-cuts and margins, but reality is that they are delivering a lot of cars right now where the other manufacturers are struggling - even BYD's much publicised "beating Tesla" is not the fun story given that they have >70 days of inventory at their dealers (which have bene counted as sales)

So do we have another disconnect from the company and stock, once again?

https://twitter.com/x/status/1749686856344641585

 

[Max Plaid]

In other news, @Yoona's Twitter impersonator now has more followers than Yoona

https://twitter.com/llastadam

Reported...