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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
EVNow
Well-Known Member
At this rate I won't be surprised if Friday close is 211
If TSLA can get over $215 it can stretch due to +GEX attraction:
That would suck (though better than $179...)At this rate I won't be surprised if Friday close is 211
EVNow
Well-Known Member
Why .. ? For option sellers the best outcome is no change in SP !
That would be AWESOME. I'll take anything over 210....At this rate I won't be surprised if Friday close is 211
Because my positions are skewed bullish and need $225+ to begin unwinding some if TSLA will be range-bound or down for several months.
In addition to longs I have:
6x +C255 9/20/24 @25.39 (now 18.40; -27%; extrinsic 18.70)
10x +C300 1/17/25 @19.53 (now 16.55; -15.65%; extrinsic 16.50)
5x +C150 12/19/25 @110 (now 93.25; -14.75; extrinsic 29.87)
16x -P290 9/20/94 @61.82 (now 82.95; -34%; extrinsic 4.01)
10x -P300 1/17/25 @80.00 (now 95.50; -19.50%; extrinsic 6.58)
3x -P300 6/18/26 @101.75 (now 108.07; -6.20%; extrinsic 17.79)
No covered calls currently.
I titled bullish too early back when we were in the $230's and averaged down instead of cutting on the way down. Since there's plenty time on these (first doesn't expire for 240 days...) I can hang onto them, I just don't like the risk if we dump to 150's and I need to worry about maintenance calls
For those that follow Dan Shapiro, he says if ER goes well there's too much congestion for a major upside pivot. However if it dumps, $206 and $194 are big spots to watch for shorts:
Feeling like we might get a little upwards movement on ER day, entered some limit orders before today’s open for 26Jan$230 CC at $1.50, 1.70 and 1.90 after yesterday’s close at $1.33. They all hit by 11:00 AM at an average of $1.72. Pretty good $ for 3 days. Didn’t have the nerve to do $210-$220 which are really juicy.
I'm surprised we're pinned <$212 heading into market close, despite all the +C220 call buying that came in today 
thenewguy1979
"The" Dog
While Tesla SP was sleeping I rode the Semi bandwagon. Seeing how it pump will just let it expired for full 530 credits.
thenewguy1979
"The" Dog
60 minutes chart. RSI showed buying deflating. Overall still Bearish.
Not a good posture going into Earning but who know.
Not a good posture going into Earning but who know.
I've got tears in my eyes. Just can't decide whether it's from laughter or sadness.
thenewguy1979
"The" Dog
UPDATE: sent 1/2 to 2/23 same strike, 1/4 to 3/15 imprved by 5$, left 1/4 in case we have some positive ER response. Should have room to manage these if I'm wrong. GLTA!
I decided that a few cents should not stop me from executing on my plan, so late yesterday I still BTO the BPS 180-175 2/2, for $0.30. It's currently doing $0.40 but that could be $0.10 tomorrow or it could be $1.00. Will know in a few hours.
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