Wiki Selling TSLA Options - Be the House

[SpeedyEddy]

I'm eyeing some 1500C for $5.75. That's some legit mega cap meme *sugar*

I just placed a sell order for may -C1500 @ $47.50. Not filled yet while posting

 

[Yoona]

STO SMCI feb 23 C1320 for 10 bucks and a bit

thx for the idea; quick 25% $8400 daytrade in 30 mins

 

[SpeedyEddy]

I just placed a sell order for may -C1500 @ $47.50. Not filled yet while posting

Thinking about closing the -C1320 on any 50%+ profit before NVDA ER (btw would take 50% on the -C1500 as well if before NVDA ER). Catching a profit, not taking the risk of NVDA surprising massively, fueling SMCI, is never a bad idea..

 

[BornToFly]

Opened some NVDA IC for next week. -520/+550 -1030/+1060 for an impressive 0.6 Premium

41% OTM on call side and 32% on the Put side. I think it will be stable before ER, and then would have to move that much in two days to end ITM on one side.

Premium got even better, so opened another 100X

 

[dl003]

Premium got even better, so opened another 100X

The 1140Cs are paying 0.43, same as a 1030/1060 spread, meaning you will only lose on a naked 1140C short only after the call side of your IC has incurred max loss and the stock runs another $80. I feel naked shorting this way is much safer than doing BCS or IC. Am I missing something?

 

[thenewguy1979]

Per Yoona's data, NVDA has never moved enough in one week since 2020 to put my IC ITM

View attachment 1019011

It never happen till it does.... we might find out next week. When SMCI went up 1000% YTD anything is possible in the crazy market.

Jenson might be sandbagging the earning and forecast 50%+ growth in 2024. That would make SMCI 1000% YTD child play.

 

[Jim Holder]

I sold some 2/23 210Cs last Friday as the stock hit 70 RSI on the hourly.
That position is now -20%, which is still great in term of strike and I expect to go green by EOD today.

Are you saying you’re expecting a dump to $198-195 into close?

 

[dl003]

Are you saying you’re expecting a dump to $198-195 into close?

no, not a dump. Just simple theta before a long weekend.
The flow does not support a dump right now. A creep upward and a blow off top is on the table.

 

[thenewguy1979]

no, not a dump. Just simple theta before a long weekend.
The flow does not support a dump right now. A creep upward and a blow off top is on the table.

Potential for a blow off top meaning pumping beyond 209?

 

[Jim Holder]

no, not a dump. Just simple theta before a long weekend.
The flow does not support a dump right now. A creep upward and a blow off top is on the table.

Thank you.

What’s you’re guess re continuation into next week, should we sell longs and liquidate bought calls into any strength into close, or hold into next week for more upside potential and blow off top is then?

 

[elasalle]

SMCI .. I sold some bi-weekly PUTS agains Jun 700 PUT(bought for $40), for 15$ each after the big dip ..
now added/bought Jan 25 250 PUTS for $10 each.... need a Fibo Retracement now + on 1/18 it was around 318 ...

 

[dl003]

Potential for a blow off top meaning pumping beyond 209?

No we're only 200 right now. The potential is always there and this flow isn't making it any more pressing. If TSLA closes today red, then the 50 RSI line will have held and then we can expect a few days of sideway action before a top.

 

[dl003]

Thank you.

What’s you’re guess re continuation into next week, should we sell longs and liquidate bought calls into any strength into close, or hold into next week for more upside potential and blow off top is then?

I'll tell you the same thing I suggested at 194: time for theta. It's not where I want to bearish yet.

 

[thenewguy1979]

Team - whatever you do keep the below date in minds.

I plan to close all my open Contracts (TSLA -QQQ - QPY) before ER. Riding the hype wagon but don't want to risk it into ER.

Rather late to catch the ride then crash and burn guessing the direction.

I repeat = Be extremely cautious of that black leather jacket....

 

[BornToFly]

The 1140Cs are paying 0.43, same as a 1030/1060 spread, meaning you will only lose on a naked 1140C short only after the call side of your IC has incurred max loss and the stock runs another $80. I feel naked shorting this way is much safer than doing BCS or IC. Am I missing something?

I can do 200X ICs with $600k of cash/margin.

 

[Jim Holder]

I'll tell you the same thing I suggested at 194: time for theta. It's not where I want to bearish yet.

Thank you

 

[dl003]

I can do 200X ICs with $600k of cash/margin.

Portfolio Margin? Each naked call only costs me about 5500 of collateral.

 

[BornToFly]

It never happen till it does.... we might find out next week. When SMCI went up 1000% YTD anything is possible in the crazy market.

Jenson might be sandbagging the earning and forecast 50%+ growth in 2024. That would make SMCI 1000% YTD child play.

NVDA is a $1.8T company. I don't expect earnings to move the SP 40% in 2 days.

Edit: SMCI is up 192% YTD, not 1,000%

 

[dl003]

For what's it worth, my chart says that NVDA can get up to 800, but not much more than that. Timing is unknown.

 

[BornToFly]

For what's it worth, my chart says that NVDA can get up to 800, but not much more than that. Timing is unknown.

Exactly, I think my IC is VERY safe despite the nice premium. I could get a lot more with just a little more risk, but I'm not interested in playing with fire.