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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Oh, sure! It's called Bookmap. Note: institutions and whales may not show their hands and can slam on orders (or cancel orders!) at the last minute.
11:30am
What @mongo posted... I called it that after a mention from you a specific "orb" pattern, apologies.
SpeedyEddy
Active Member
I'm switching over to
1. STO approx 3-months away (STAGGERED, so finally positioning for every month ) and then close them at a profitable point or the roll into what I guess would be trend-WISE. (so keep away from the edge and correct for middle-term trend. All at least 20% away from the money looks Okay.
2. In and out of weeklies, that I now more use for day-trades (so almost no overnight holding of near-the money options. ) (today I went 3x in and out of -C215, bringing me more than 1.20 a piece. Bringing -P202.5 into play at the moment. So I don't have to mind a lot about liquidity and loose less per transaction on fees. It is a bit more spongy than trading the stock but that applies to losses as well, which I sometimes am very good at ;-)
SpeedyEddy
Active Member
I use 210.95 as an anchor for day trading today. Dollar above I sell Ccalls and 1 dollar below I close and sometimes even STO -P. Now it hovers, I got nothing weekly, wait too see, watch Algo, options and these graphics, to keep myself awake on movements.
Same, scalped -C350 1/17/25 from $10.00 to $9.55 just to keep busy
So for those who worked in finance, how do companies keep earnings secret until the very last minute? Don't messages have to be pre-loaded (i.e., Bloomberg), reports written, etc.. It's more than a few people (and their kids) who know/can know.
EVNow
Well-Known Member
You are getting brave. Planning to sell 245CC & P175 close to end of day.Well, just sold another 100X 240CC at 0.8 for Friday....
Reminder IV should revert down tomorrow, so for anyone planning to sell options should do so today.
Right into close usually sees another burst of IV for those wanting to squeeze out a bit more.
Right into close usually sees another burst of IV for those wanting to squeeze out a bit more.
EVNow
Well-Known Member
thenewguy1979
"The" Dog
OK guys just a couples of hour left before the fireworks.
Got to be honest now, who bet the farm on this earning??? Don't be shy.
Me no, got me cheapo strangle goin on
Got to be honest now, who bet the farm on this earning??? Don't be shy.
Me no, got me cheapo strangle goin on
Yes, but premium might go up if the SP goes against you near the money. I have -210P from a month ago sitting at around $7 (and $65k loss). SP could easily drop to 200 AH today and then I'm looking at $10+ premium tomorrow.
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I’m bullish just based on price action contrarianism. We've had two bad ERs in a row and we’re all scared of this one and bracing for weak 2024 guidance. Seems like it could be a set-up to catch call sellers flat-footed.OK guys just a couples of hour left before the fireworks.
Got to be honest now, who bet the farm on this earning??? Don't be shy.
Me no, got me cheapo strangle goin on
View attachment 1011811
I’m mostly in bull call spreads (215-225) this week, and bull call calendar spreads (-c220 this week and +c220 next).
Staying away from selling calls until Thursday, I have a couple bought. I'll roll 1/26 -p210/+p170 to 2/23 ... ideally at SP 212 but getting close. Moving out a month will remove some of the weekly jitter and add some wiggle room (time to manage) should we move strong in either direction. Thanks @SebastienBonny (sorry, tagged Speedy in error) for sharing this perspective.
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Well stated on the sentiment. Everything I see in drone videos and on the street suggests that 2024 guidance should be strong, so I worry less about that. My main concern is when Tesla stabilizes on the margin front; going into earnings with a high P/E and declining profit is a little uncomfortable. Maybe not as uncomfortable as Elon saying on the earnings call he will need to sell half his TSLA stock [tomorrow] to fund x.AI.
Seems to be a pattern whenever TSLA goes quite off script DL goes AWOL (i.e., TSLA dropping to $206 vs stopping at $228; TSLA flying to $260's when it wasn't supposed to get past $237).
Could be he wants us to learn to fly on our own ;- )
I sure hope he's okay!
@dl003 Drop us a line buddy!
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