Wiki Selling TSLA Options - Be the House

[dl003]

@dl003 What are you seeing for TSLA this week and next, we stay around here ($188-195) or lower/higher?

One of 2 things should happen:
Either we go back to test 188-189 then go up
or
We go up but then will go back and test 194 before going up further.
I think 1st scenario is more likely

 

[Jim Holder]

One of 2 things should happen:
Either we go back to test 188-189 then go up
or
We go up but then will go back and test 194 before going up further.
I think 1st scenario is more likely

Ty. That's a great relief that we're not going to see <$185 anytime soon

This also implies less urgency to set up bearish positions for end of March (though general market correction may bring it down there and @tivoboy is still waiting for $160's ).

 

[BornToFly]

With QQQ going up, this seems like TSLA short selling that will unwind by the end of the day. Typical MMD.

 

[DaBooster]

He could also decrease the spread to 5 instead of 30 to further decrease margin.

The 30 was to allow rolling, but if he seek assignment then don't need that wide.

this is true dog

 

[SpeedyEddy]

Second NVDA C660 scalp realized $8.50, waiting for 732-ish to take a third round
[EDIT:] Won't happen, straight up, I guess, so missed out a few bucks, diving back in.[ /EDIT]

 

[thenewguy1979]

One of 2 things should happen:
Either we go back to test 188-189 then go up
or
We go up but then will go back and test 194 before going up further.
I think 1st scenario is more likely

Seem like we aiming for 188-189 now....

NVDA on steroid...

 

[ChiefRollo]

I’ll sell another 10 -cc205$ for mar if we get over 6.50. Might do 5 at 205 and 5 at 210. Looking for Mar monthly puts to buy at 175/180

Tivoboy,

I’m asking to learn…

Both -c and +p are bearish plays; given how oversold the stock is, how are you compelled to stay short?

 

[Max Plaid]

$ is the universal language so I'd give a disagree but I won't.
I'd like to see more elaborate contents from @Yoona . All these option charts are cryptic to a slowpoke like me.

Meh, that's like me looking at your charts dude

Edit: #BTC just $2 shy of $50k

 

[Yoona]

$ is the universal language so I'd give a disagree but I won't.
I'd like to see more elaborate contents from @Yoona . All these option charts are cryptic to a slowpoke like me.

elaborate? here:

 

[Jim Holder]

@dl003 This is from one of the technicians at SW, what do you think of the work?

 

[BornToFly]

My gosh. Probability calculator still says my NVDA -820/+850 is safe for Friday, but I'm starting to have my doubts. I debated about buying stock this morning. I guess I should have....

 

[dl003]

@dl003 This is from one of the technicians at SW, what do you think of the work?

View attachment 1017643

At where?
I don't like it. TSLA has closed above 10 SMA for almost a week now. That's not how I'd interpret to be the behavior of wave 4.

 

[Jim Holder]

At where?
I don't like it. TSLA has closed above 10 SMA for almost a week now. That's not how I'd interpret to be the behavior of wave 4.

Thanks, that's why I was checking it with you. It's from StockWaves (generally good EW techs but maybe not TSLA sub-specialists).

 

[dl003]

At where?
I don't like it. TSLA has closed above 10 SMA for almost a week now. That's not how I'd interpret to be the behavior of wave 4.

To clarify: this is either good or really really bad. Normally I expect us to remain above the 10 SMA until 209 is hit at the very least. However, if something as bad as Elon selling hits the wire and we break it, can be very nasty. Not wave 5 nasty but late 2022 nasty.

 

[Jim Holder]

@dl003 Here's from another tech there:

 

[Jim Holder]

To clarify: this is either good or really really bad. Normally I expect us to remain above the 10 SMA until 209 is hit at the very least. However, if something as bad as Elon selling hits the wire and we break it, can be very nasty. Not wave 5 nasty but late 2022 nasty.

Maybe 170/180 BPS 3/28 for protection?

 

[BornToFly]

Might be turning into a Red Monday followed by post CPI Green Tuesday....

 

[dl003]

@dl003 Here's from another tech there:

View attachment 1017645

It's the same thing. I understand why they count it this way, but the stock is pulling back exactly when I said it'd pull back so unless it goes against what I think is going to happen next, I don't agree with this being wave 4.

Regarding buying puts, hedges should have been put on last week on Friday, or contemplated earlier in the week when I predicted RSI 70 on the 1h would produce a pullback. I'm an extremist I don't like chasing it here.

it was a simple retest of the falling wedge. At this stage, gap ups don't hold unless some substantial news causes it, which today none did. Needs time to build up momentum before more impulsive PA can develop. The 1h RSI is 56.8 now. 1st the 15m RSI reaches 70 (196 last week), then it fell some more before a stronger bounce, then the 1H RSI reaches 70 (should happen around 196 this week), then the consolidation begins. At least that's the scenario I'm looking for.

View attachment 1016181

 

[Jim Holder]

It's the same thing. I understand why they count it this way, but the stock is pulling back exactly when I said it'd pull back so unless it goes against what I think is going to happen next, I don't agree with this being wave 4.

Regarding buying puts, hedges should have been put on last week on Friday, or contemplated earlier in the week when I predicted RSI 70 on the 1h would produce a pullback. I'm an extremist I don't like chasing it here.

Already took profit on the hedges from $195-$189, hence looking for new ones to put on.

 

[dl003]

Already took profit on the hedges from $195-$189, hence looking for new ones to put on.

Re-enter hedges expiring this week. If it goes down it's going to do it quick. No point waiting till March.