SpeedyEddy
Active Member
Took a $4.50 profit and sold C940, just to be a bit more safe for expiry (higher bottoms..)
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Watch it until at least Wednesday……..What would you do if you had -200CC for next Friday?
Hope you’re right, kept some that I could have closed for $0.06 on Wednesday……..
Yep, but your worries could evaporate, it’s the usual balancing act = guesswork slightly influenced by our fellow travelers.
SpeedyEddy
Active Member
Per Yoona's data, NVDA has never moved enough in one week since 2020 to put my IC ITM
I have BTC order for 0.03 to avoid the SP going up After Hours into my strike.
Also This should help...
Edit: SP keeps going up after posting this....
SpeedyEddy
Active Member
See the gravestone-into-eveningstar pattern of SPX on the daily? Means RUN! (can last a few days (even going op!) to fulfill and enter downtrend)
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Will be an afternoon of monitoring, looking at rolls of 16Feb$205 to a combination of 1Mar$205 and $220 if SP continues above $200; showing quite good credits at the moment (although that in itself is a market warning of potential move up).I have BTC order for 0.03 to avoid the SP going up After Hours into my strike.
Also This should help...
Edit: SP keeps going up after posting this....
View attachment 1019012
If we hit 205 by close I will roll those to July 250 strike for a good weekly premium and to straddle with old BPSs that expire that day. If we are above SP 250 in July then many of my old BPSs are OTM and my Margin will be awesome.
SpeedyEddy
Active Member
Yep I don't think this is a useful indicator. Too many times there's no tradeable correlation... at least that's been my experience the last few months
TSLA looking ahead 1 month; possible 220; dealers would prefer 2/23 190-210 if they can
NVDA looking ahead 1 month; if not for earnings, dealers would prefer 2/23 650-900 if they can
NVDA looking ahead 1 month; if not for earnings, dealers would prefer 2/23 650-900 if they can
I sold some 2/23 210Cs last Friday as the stock hit 70 RSI on the hourly. That's the good part.
The not so good part is I didn't close them at 182 for 70% gain.
That position is now -20%, which is still great in term of strike and I expect to go green by EOD today.
The timing caught me off guard, as I allowed the stock enough time to both pull back and stage a 2nd leg up. My initial plan was 2/9 - 2/23 would only contain the pullback and first half of the 2nd spike. So I got the strike and the entry, but not the exit down to a science.
I'm not the day trade type anyway.
However, this highlights the importance of timing. Most of the time we only think about the strike and the entry, but not the exit and if the schedule accelerates like it did this week, suddenly we're pulled in front a new move that we never intended to challenge. I thought of the timing and still gotta laugh a bit at the show, and I'm usually the cautious one around here. Be careful folks.
The not so good part is I didn't close them at 182 for 70% gain.
That position is now -20%, which is still great in term of strike and I expect to go green by EOD today.
The timing caught me off guard, as I allowed the stock enough time to both pull back and stage a 2nd leg up. My initial plan was 2/9 - 2/23 would only contain the pullback and first half of the 2nd spike. So I got the strike and the entry, but not the exit down to a science.
I'm not the day trade type anyway.
However, this highlights the importance of timing. Most of the time we only think about the strike and the entry, but not the exit and if the schedule accelerates like it did this week, suddenly we're pulled in front a new move that we never intended to challenge. I thought of the timing and still gotta laugh a bit at the show, and I'm usually the cautious one around here. Be careful folks.
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