Wiki Selling TSLA Options - Be the House

[StarFoxisDown!]

What’s up with the $193-$189 haircut the past few min?

You're not watching the macro's? Market is dumping based on the Fed/Powell's comments. Everything has been tanking for the past 15 mins.

Pretty much what I thought might happen. The market is just looking for a reason to correct itself anywhere from 5-10% and was likely going to use any "tough" talk by Powell as justification.

 

[BornToFly]

What’s up with the $193-$189 haircut the past few min? Perhaps market sympathy dump.

Powell said cuts probably won't come in March

 

[TexasGator]

What’s up with the $193-$189 haircut the past few min?

trying to drive borntofly crazy

 

[Jim Holder]

Powell said cuts probably won't come in March

Yeh, just noticing that now. What didn’t market like? He sounds happy with no more increases and confident cuts are coming.

 

[StarFoxisDown!]

Yeh, just noticing that now. What didn’t market like? He sounds happy with no more increases and confident some cuts runs year coming.

The market is absolutely pricing in a March rate cut. If that doesn't happen, then expect a dump.

Powell can talk tough now but if the labor numbers on Friday come in weak like the ADP numbers did and if the Jan CPI number comes in cold on Feb 13th, Powell won't have a choice but to cut in March. But between now and then, I expect the market to correct itself. Will be interesting to see how TSLA holds up. Will it show strength in the face of macro weakness and hold 180 or 170 or will that macro correction put it in freefall again.

If TSLA holds 180 through a 5-7% macro correction, it really feels like it's loaded to launch. Ideal scenario would be for TSLA to test 180 about 2-3 more times in the face of a macro 5-7% selloff. If it were to hold through that, I would flip some of my positioning to much more bullish.

 

[BornToFly]

Before the dump I added -210/+230 to make an IC with my 155/175 BPS. All for this Friday.

 

[Jim Holder]

$187.50 GEX confluence should provide decent support, let's see...

 

[BornToFly]

We need the market to close already, and hope for better macro sentiment tomorrow....

 

[Jim Holder]

That's an ugly candle

 

[StarFoxisDown!]

We need the market to close already, and hope for better macro sentiment tomorrow....

Are you overall wanting the market to go up or down after the next 1-2 months and the rest of the year?

If you're wanting the market to be higher in 3-6 months, better to just get the 5-10% correction out of the way. S&P already down 1.7% from it's peak. Still got another 3.3-8.3% to go. Personally I think the correction will end about 7-8% down from the high on Jan 29th.

Personally I'd rather just get this correction done and over with because it makes trying to position oneself with TSLA that much harder if you have a pending correction that could happen at any time.

 

[Yoona]

possible supp within the Order Block AH

looking ahead one month:

 

[thenewguy1979]

If we end this week in red that make 7 consecutive weekly red candles. The most so far.

 

[Max Plaid]

Hmmm, OK, so I was a bit busy today, but was able to do some trades:

BTC 80x 2/9 -c185 @$7.7 (+$2.1) -> STO 60x 2/16 -c185 @$10.3

STO 40x 2/9 -c190 @$5.6
STO 50x 2/16 -p185 @4.9

 

[thenewguy1979]

Hmmm, OK, so I was a bit busy today, but was able to do some trades:

BTC 80x 2/9 -c185 @$7.7 (+$2.1) -> STO 60x 2/16 -c185 @$10.3

STO 40x 2/9 -c190 @$5.6
STO 50x 2/16 -p185 @4.9

Seem you're betting on SP going sideway for next 2 weeks. No wonder we didn't get that massive pump today

 

[Max Plaid]

Seem you're betting on SP going sideway for next 2 weeks. No wonder we didn't get that massive pump today

Well pre-earnings had 100x -p205, then knee-jerked into 100x -c185

Having extracted from the -p205's, now treating the -c185's

Going well, happy with the repositioning so far, no stress, no panic... preserve capital, etc.

 

[thenewguy1979]

Tesla seem pretty resilient vs M7. Maybe we hit base and round up from here?

 

[tivoboy]

View attachment 1014038

My god Jim that’s consistent… just to be clear - what does the numerical value represent? Is the data points of occurence?

p.s. longer post coming, been two days pretty much sidelined.

 

[Jim Holder]

My god Jim that’s consistent… just to be clear - what does the numerical value represent? Is the data points of occurence?

p.s. longer post coming, been two days pretty much sidelined.

That chart is from @Yoona ;- )

Looking forward to your post!

 

[tivoboy]

That chart is from @Yoona ;- )

Looking forward to your post!

Well, technically that was my Dr. McCoy (aka Bones) talking.

 

[intelligator]

I stayed out of new TSLA positions for this week. Opened another IC today with the rack maker post earning ... $50 from each sold end. Also have one with the chip maker, same, looking good. WIll hop back onto TSLA Monday after the smoke clears.