Wiki Selling TSLA Options - Be the House

[elasalle]

Awash in TSLA cc profits I just dipped my hairy toes in some NVDA puts….and RIVN shares.

Nibble, Nibble ...
I sold 5 - Jan 25 $10 PUTS for $2.79 .... let's see if 500 shares get exercised in Jan
..analysts doing there thing ... downgrading the stock ... but RIVN is no NKLA

 

[Max Plaid]

Do you often consider buying another car after one year or so of ownership…or is this simply a thought exercise as an excuse to vent? Timing’s a b*t**; welcome to our world.

My wife pushed me to buy another Model X, for me it's too big for European roads and I find it very stressful taking it to the city centre. I was looking to downgrade to a Model S, but the trade-in offer curtailed that idea, I will live with stress of driving a "monster truck" in our medieval streets...

 

[Max Plaid]

STO 10x 3/23 NVDA -p800 @$5.1, looks like 800 will be the fight... easy roll down and out to next week if needed

 

[SpeedyEddy]

STC SMCI p930 @$ 60, giving me a $26 loss. Ouch. But it is double covered by STO SMCI April 19 -C1480 @ $42.37

Too early obviously, but as I told you yesterday -C march 15 $890, also in place could easily expire worthless, covering $ 18 of the loss.

 

[BornToFly]

Very profitable week on NVDA ICs, but after rolling the calls in yesterday to -850 I was sweating this morning....

I need to be more careful next week and roll into them a few each day on strength like Yoona.

 

[Jim Holder]

Boxed in:

 

[Jim Holder]

If you buy the +p500 and never sell against it then you're purely betting on SPY dropping below 500, the point of selling safe short puts against them is to make profit regardless of what happens. Ideally I'd look to sell $1 weeklies or 25c dailies, which would 2x ROIC

So the main risk of selling weekly short puts against them at $1 is being put SPY at the strike if it assigns, right?
Does holding the +P of SPY help with this in any way?

 

[Jim Holder]

 

[thenewguy1979]

We should changed the names of this forum to - Be the House on NVDA and SMCI while Tesla falled asleep…..

might as well dump to 188 and finished the recoiling.

Seem everyone and their parents were buying NVDA\SMCI yesterday and no money left for TSLA.

 

[Jim Holder]

We should changed the names of this forum to - Be the House on NVDA and SMCI while Tesla falled asleep…..

might as well dump to 188 and finished the recoiling.

Seem everyone and their parents were buying NVDA\SMCI yesterday and no money left for TSLA.

Our day will come.....


...when Nvidia buys Tesla

 

[BornToFly]

Decided to try to sell some -210CC for next week for 0.8, but as soon as I put the order in the SP head down. Oh well. Hopefully Monday is a Green Day....

 

[Jim Holder]

 

[Max Plaid]

So the main risk of selling weekly short puts against them at $1 is being put SPY at the strike if it assigns, right?
Does holding the +P of SPY help with this in any way?

In some brokers I think the +p/-p are linked, but in my case, for sure, there's none, the +p is just providing margin limitation

In theory, if the SP moves down you can keep selling below, or at, the Long strike all the way to expiry, but if the SP dumps enough then there's a chance you could lose on the trade as the short Delta is much higher than the long, that's the risk...

Ideally you beed to buy the long and short on a high IV week, like NVDA this week the weekly premiums were way higher than the monthlies, so was possible to setup a narrow calendar spread for net zero

 

[Max Plaid]

OK, I joined the SMCI party too, very small trades, very low risk:

BTO 2x Jan 2026 +p800 @$249 -> STO 2x 3/1 -p800 @$33.1

 

[dl003]

Getting ripe. Closing a few CC below 190 and let her rip next week.

 

[jim0266]

Decided to try to sell some -210CC for next week for 0.8, but as soon as I put the order in the SP head down. Oh well. Hopefully Monday is a Green Day....

Tesla is only allowed to follow the market down, not up. Listening to @dl003 for that push next week.

 

[dl003]

If you're selling puts around this area. Set your SL at SP 182. Below 182, bail. Otherwise, 207.

 

[Jim Holder]

Getting ripe. Closing a few CC below 190 and let her rip next week.

Assuming you mean DITM CCs with strikes below $190, right?

 

[dl003]

Assuming you mean DITM CCs with strikes below $190, right?

It's up to you.

 

[Jim Holder]

It's up to you.

I meant what did you mean. Are you saying you’re expecting us below $190 to close them THEN rip or closing CCs with strikes below 190 here?