Oh my! Do you recall what your extrinsic was yesterday? I have 15x -P300 for the same January 2025, it has $4.97 extrinsic.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
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Oh my! Do you recall what your extrinsic was yesterday? I have 15x -P300 for the same January 2025, it has $4.97 extrinsic.
cough...cough, I subscribed yesterday, happy to share if its allowed. I have no problem paying for such services especially when it's just a couple hundred a month, when I'm benefitting from it to make several thousand a month. We should all think that way IMO.
Looks like we need to get through February alive and things ease into March and on (hopefully)
This is what was posted last night (same as I posted above):
The yellow circle iii is an alt if this fails to hold the i-ii start to (c) of circle iv. But after circle iv (as the larger charts recently updated show) should be attempts at another low ~170 for v of C of (2).
Earlier yesterday:
Yeah, I'm well aware of the issue with price moving much faster on the closer expiry, this is why I sold off the March +p200's with good profits and bought Jan 25 instead, so give ample time to roll if needed, and of course I straddle with calls too which builds in quite a lot of SP movement
But for sure I'm looking to normalise things to a more sensible approach, just who things appear to be settling down, something happens...
I sold the shares at the open, and re-sold the -290Puts for the same date. Made $2/share.
This will give me some time to figure out what to do. To roll them out another year, same strikes, will cost about $2/contract.
For reference, I have JJan 25 -p280 CSP , they have about $3.70 left... no matter how far out a position is, monitor extrinsic daily!
What's concerning is that the -p290 had more than a dollar left...
Very true. I asked my broker to request the programmers to add an alert function for extrinsic (when it falls a certain percent or to a certain amount) just as they do for all other metrics (price, etc).
Is extrinsic tied to the price we got for the contracts and when we sold them or a function of something else?
Interesting. Rolling them in to July and down to 240/260 only cost 0.2
I don't know if we will be over 260 by July (kind of doubt it right now), but then rolling it out to 2026 should still cost $2. But if I try to roll now to Jan 2026 and lower to the 240/260 it is over $3....
The price of the contract, realtime ... SP - (option strike - ask) , is what I visually calculate each morning; Fidelity web view doesn't display that in the option position summary view
Thank you. If so it seems it doesn't matter the price we got for the contracts and when we sold them. Yikes.
And pre-market looked so nice for a while...
Meh, I bought back 60x 2/16 -c185 @$8.3 (net +$2), looking for a pop to resell those, trying to whittle the contracts down... now it's glued at Max Pain...
In other news, I bought 100x TSLA in pre-market, this being the start of my accumulation... not worrying about the price too much TBH, just looking to regularly add a bit
Meh, I bought back 60x 2/16 -c185 @$8.3 (net +$2), looking for a pop to resell those, trying to whittle the contracts down... now it's glued at Max Pain...
In other news, I bought 100x TSLA in pre-market, this being the start of my accumulation... not worrying about the price too much TBH, just looking to regularly add a bit
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