Wiki Selling TSLA Options - Be the House

[SpeedyEddy]

if you're really worried it's going to dump, sell DITM calls, easier to repair those than lost shares IMO, you'll always gain something from the extrinsic and can essentially roll forever against shares until recovery

This is the first thing I did yesterday to hedge my -P185 for today. And today if stock does not fall too much and keeps hovering at current levels per hour my loss declines and will match gain on -C 215 (for April, so mainly delta) at which I can close both, so do not have to roll -P. After that I will look at the next -P, which is Apr 19 205 and maybe hedge that with a -C for may-sept or so. This looks a lot better than panic-selling stock and rolling -p nov '22-jan '23.

 

[Jim Holder]

Positive dealer delta (green bars) growing steadily heralded the dump and indicates it's likely to continue weak/down until we begin to see red bars (negative GEX):

Red=bullish/long
Green=bearish/short

 

[SpeedyEddy]

STO (a tiny bit of) todays -C185 for scalping and even solving -P185 issue far before close. SP stinks like a 185 hover-to-close today so both will theta out greatly. Maybe even ending in a Nice profit on all positions named today.

 

[mongo]

Positive dealer delta (green bars) growing steadily heralded the dump and indicates it's likely to continue weak/down until we begin to see red bars (negative GEX):

Red=bullish/long
Green=bearish/short

View attachment 1012457

Herald over what time span?
The graph starts with rising green bars and rising stock price
Then red bars and flattish SP
Then green and rising
Then red and falling
Now green with flat and gap down

 

[Max Plaid]

got meself a strangle at +175P/+195C exp 2/2

plan it to offload as SP bounce up and down. Also any extreme move yields good payout.

edit: based on the 2 bouncing levels from wicked. Could do an ICs but won't be able to leverage if there's a big move.

Bad news, it's pinned on 185

 

[thenewguy1979]

Bad news, it's pinned on 185

No worry - got 6 days for it to move

Any good or bad news should swing it wildly. Especially if there a price cut in USA.

Per Cary these are 3-5 days move from 176 to 195. Let see if that play out.

 

[Yoona]

shutdown time, i might be spending more time with NVDA and SPY so you may see me less

 

[SpeedyEddy]

Positive dealer delta (green bars) growing steadily heralded the dump and indicates it's likely to continue weak/down until we begin to see red bars (negative GEX):

Red=bullish/long
Green=bearish/short

View attachment 1012457

Algo still pointing $186 for today, so pulling @ both sides I guess. Somewhere next week we could get SP177 and a bounce back into 185 again, that would create a nice day trade-week. I'll try to pick-up some additional Delta today, riding the small waves buying P and C (Theta being almost out of the way this is becoming a new risk-poor Friday habit. Riding the moves as early as possible with-the-trend and hopping of when the waves break. [edit]So first thing in a minute or two will be BTC C185 and doubling that down into in fact BTO C185. [/edit]

 

[Jim Holder]

Boring CC scalps today from opening pop. It'll take some time for me to re-orient myself to the new price regime so I can rev things back up and get a feel for the movements. When TSLA is in twilight-zone price discovery mode better to be cautious.

 

[Jim Holder]

Herald over what time span?
The graph starts with rising green bars and rising stock price
Then red bars and flattish SP
Then green and rising
Then red and falling
Now green with flat and gap down

It's not a perfect signal rather meant to complement other signals so taken together it can help solidify a thesis.
Overall it's been fairly accurate. Note it requires more than 1-2 days of bars of same direction to solidify direction signal.

See SPY for example, deeper red bars correlated with ensuing pops and greens correlated with ensuing pullbacks:

 

[juanmedina]

shutdown time, i might be spending more time with NVDA and SPY so you may see me less

View attachment 1012461

We can make another thread called "selling options on other stocks - be the house"

 

[SpeedyEddy]

BTC C185 and doubling that down into in fact BTO C185.

turned that 180 degrees back, so now will leave that side bearish as the intended turbo hedge. Quite clear that it will end close to $185. Most activity seems to be MM's reacting to us getting in and out of C/P 185's

 

[tivoboy]

shutdown time, i might be spending more time with NVDA and SPY so you may see me less

View attachment 1012461

For what you do, you should look at PANW as well, right in your wheelhouse.

 

[DaBooster]

Please take a moment to read this post and share your thoughts

https://twitter.com/x/status/1750520764980240633

 

[thenewguy1979]

M7 and Macro are helping today.

NVDA ready to turn green.

 

[EVNow]

Planning to sell 205/210 CC and 165/160 puts.

Could go higher on puts if we trust the 176 support …

 

[EVNow]

Please take a moment to read this post and share your thoughts

https://twitter.com/x/status/1750520764980240633

Waste of time. Low ball SP using TA is nothing new. I’ve been seeing it last 10 years.

 

[Jim Holder]

Please take a moment to read this post and share your thoughts

https://twitter.com/x/status/1750520764980240633

Bear porn + fear-mongering. Last call wasn't any better and we still saw $265 somehow.

 

[Yoona]

hovering at largest DP

we might pingpong 180-185

 

[Jim Holder]

hovering at largest DP

View attachment 1012483View attachment 1012484

we might pingpong 180-185

View attachment 1012485

$185 very sticky today, GEX confluence.