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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
thenewguy1979
"The" Dog
looked bullish to me vs Macro.
guess the Elon news got digested overnight and was now considered not bad news
guess the Elon news got digested overnight and was now considered not bad news
Thanks. I'm trying to decide when I sell CCs for Friday. I told myself to wait until Fed meeting this afternoon, but what if it's bad?
FWIW I've read that since PCE came in flat/cool last week FOMC will be repeat of last one and no major fireworks to cause a crash, but actually may keep things where they are. Tech may correct but not crash. Would be nice to see $$ flow from the fat 6 into TSLA.
Re CC's I'm holding off selling right now, since I have a feeling we may see mid-$190's again where I'll sell some then. If afternoon we're hovering near $195-196 then I'll be more cautious selling since a close over $195 can see $200-$217 by end of next week all things considered.
thenewguy1979
"The" Dog
Despite Macro the 5 minutes charts show wedge forming movement toward 190/191. It may trade sideway till fomc. But held strong so far.
QQQ are down something like 2% since Monday. Either somebody knows something, or we are going to get a nice rally after Fed Meeting that could take TSLA back into the mid-190s....
thenewguy1979
"The" Dog
thenewguy1979
"The" Dog
Thanks @OptionsGrinder for the lead! Trying it out too.
Carolyn says can get bullish with SL beneath $185.84.
If you went short off $197-$198 resistance, downside targets are $175 and $169.99.
Carolyn says can get bullish with SL beneath $185.84.
If you went short off $197-$198 resistance, downside targets are $175 and $169.99.
@Yoona Check out Zac's EW update on TSLA for today, pretty cool: https://www.elliottwavetrader.net/videos/SW-Charts-of-the-Day-2024013017776.html#T-TSLA-277 (need a subscription to watch)
What's interesting is that it matches what Cary/WickedStocks is calling for (attempt at $217 area and rotate back down to lower low before new highs) even though Cary doesn't track EW. The confluences between analysts are nice for conviction.
Zac says TSLA can try for $217 area now since the 'b' down is done, but there's a chance it makes one more low to $183 or even low $170's first, but better if it makes the new low from up high @IV ($217) then down.
Seems a possible play is $170 puts at $210-215 area if we see it...
What's interesting is that it matches what Cary/WickedStocks is calling for (attempt at $217 area and rotate back down to lower low before new highs) even though Cary doesn't track EW. The confluences between analysts are nice for conviction.
Zac says TSLA can try for $217 area now since the 'b' down is done, but there's a chance it makes one more low to $183 or even low $170's first, but better if it makes the new low from up high @IV ($217) then down.
Seems a possible play is $170 puts at $210-215 area if we see it...
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Theta decay too is taking a toll. 15 mins after open the 205's were .26 with an IV of 62.63% (189.93 SP). Now at 11:40 the 205's were .21 with a 61.21% IV and the same stock price at 190.
Yes. Being scared and waiting has cost me a lot of money this week on CCs.
thenewguy1979
"The" Dog
Tesla is posturing all morning. Seem a big move is imminent. The 5 and 30 minutes charts show upward being most likely.
Doggy is position for both:
+175P exp 2/2
+205C exp 2/9
Doggy is position for both:
+175P exp 2/2
+205C exp 2/9
From an EW POV holding above $185's indicate bullish continuation toward $203-210-217 without OML (one more low) first.
If TSLA loses $185 then there's potential to see $183, or even lower $170's, which would be the OML before rotation back up.
If TSLA loses $185 then there's potential to see $183, or even lower $170's, which would be the OML before rotation back up.
Bought the shares back I sold after ER and bought 200c for next week. Took a loss and closed out 185c I sold earlier this week.
I think the Elon compensation cancellation is bullish for the company and I’m starting to wonder how much lower it can really go from here.
I have been consistently wrong on my pre-FOMC positioning for the last two years so let’s see what happens today.
I think the Elon compensation cancellation is bullish for the company and I’m starting to wonder how much lower it can really go from here.
I have been consistently wrong on my pre-FOMC positioning for the last two years so let’s see what happens today.
thenewguy1979
"The" Dog
There's only 3 immediate things that can drive the SP lower IMO:
1. FOMC no tax cut in March (will know today)
2. Price Cut in USA (will know perhaps Thursday)
3. Elon ranting and resigning (far-fetched)
Else, all indication is bullish....
1. FOMC no tax cut in March (will know today)
2. Price Cut in USA (will know perhaps Thursday)
3. Elon ranting and resigning (far-fetched)
Else, all indication is bullish....
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