I'll exit when the stock feels "cheap" enough. Same thing I did for the entirety of last week.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Last edited:
Asking to learn -- I've seen two schools on double and triple tops:
1) If it can't go up it's going down (start shorting).
2) The more times it tries eventually it'll get through, especially if consolidating near it (neutral/long)
Which have you found to be true for TSLA?
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thenewguy1979
"The" Dog
Thank Jim. With a spread there's always a point of diminishing return due to the short sold leg. This make it clear when to cash out.
Yes. My question was is this the trade you meant (puts on both sides; short and long)?
I just checked and it's showing both daily MP and SP
thenewguy1979
"The" Dog
Yes, Buying the 190P and simultaneous selling the 185P to offset the cost, but also cap the max earning.
IMO safer then going pure Long.
Yeah, keep trading 10 - 15% out, you'll probably do quite OK 99/100
Keep taking small, safe wins, don't go closer to the money, will go well a few times, you'll go closer in, make higher risk bets, then the rug will get pulled and you'll lose more than you gained to date
Happened to most of use here
No-one ever lost money making consistently small trades, however low the ROIC
I mean...
Back to the question: I don't ever trade based on triple or double top/bottom. It's a lot more nuanced than just that.
Here's a helpful short read. A > B > C in term of reversal potential.
I mean...
Back to the question: I don't ever trade based on triple or double top/bottom. It's a lot more nuanced than just that.
Here's a helpful short read. A > B > C in term of reversal potential.
View attachment 1023250
This is great. Thank you.
thenewguy1979
"The" Dog
Guys just some honest feedbacks regarding Long and Spread. These are all Gambling Plays.
You are betting either up or down in SP movements. The dog been burned almost hairless making those bets,
Don't risk it,. If you do - limit the bet to your % earning per week so you don't burn into your equities/margin. This is my plan moving forward.
dl003, Cary, Yoona have all provided us the max low and max high. Jim provided those inputs wrap up in a single chart. Just sell Call or Puts based on those.
In doubt - Copy Yoona - I haven't seen any lost from her
You are betting either up or down in SP movements. The dog been burned almost hairless making those bets,
Don't risk it,. If you do - limit the bet to your % earning per week so you don't burn into your equities/margin. This is my plan moving forward.
dl003, Cary, Yoona have all provided us the max low and max high. Jim provided those inputs wrap up in a single chart. Just sell Call or Puts based on those.
In doubt - Copy Yoona - I haven't seen any lost from her
Cumulative GEX March and April:
Just March
Just April (all that red could be the March puts extending into to April to buy time, but really meant for March)
Just March
Just April (all that red could be the March puts extending into to April to buy time, but really meant for March)
thenewguy1979
"The" Dog
TSLA feels stuck. Bearish divergence lurking above while hidden bullish pushing up from below. Consolidation near the top is a bullish sign, but since the top is also a huge resistance, it can't go anywhere right now. The window for a final push up is narrowing down to just a few days.
Hi gang, just arrived in Denmark for a long weekend. Road-tripping up from Belgium in a Model X Plaid does to wonders for reinforcing how good Teslas are - total autobahn destroyer! And the speed of Supercharging these days, hardly time to pee! Plus the SuC's are literally everywhere, quite the change from when I got my first Model S P85 10 years ago...
Anyway, just so happened have a charging stop bang on market open, so closed out this week's NVDA -p780's and the SMCI -p800's -> likely I could leave these to expire, but have a funeral tomorrow and not sure when the "festivities" will end, so want to deal with as much as I can today
BTC 10x NVDA -p780 (net +$7.2) -> STO 10x 3/8 -p770 @$10.1
BTC 2x SMCI -p800 (net +$28.35)
Have a sell order for 2x SMCI 3/8 -p800 set, almost triggered, now needs another dip, will wait and see. This stock has the habit to move +/-10% daily, both ways! Long term play anyway, so the exact premium isn't that important, but prefer to get more than less
Still holding TSLA 20x -p200, 20x -c200 & 50x -c210 for this week, probably will need to wait until tomorrow to deal with those...
Anyway, just so happened have a charging stop bang on market open, so closed out this week's NVDA -p780's and the SMCI -p800's -> likely I could leave these to expire, but have a funeral tomorrow and not sure when the "festivities" will end, so want to deal with as much as I can today
BTC 10x NVDA -p780 (net +$7.2) -> STO 10x 3/8 -p770 @$10.1
BTC 2x SMCI -p800 (net +$28.35)
Have a sell order for 2x SMCI 3/8 -p800 set, almost triggered, now needs another dip, will wait and see. This stock has the habit to move +/-10% daily, both ways! Long term play anyway, so the exact premium isn't that important, but prefer to get more than less
Still holding TSLA 20x -p200, 20x -c200 & 50x -c210 for this week, probably will need to wait until tomorrow to deal with those...
Next week
Largest OI Calls: $220
Largest OI Puts: $200
Most positive GEX: $210
Most negative GEX: $202.50
Largest OI Calls: $220
Largest OI Puts: $200
Most positive GEX: $210
Most negative GEX: $202.50
tomorrow is a news heavy day with PMI and Consumer Sentiment coming out. Don't be surprised to see the market shooting up on seemingly unworthy news. Once that's done, brace for the drop.
Make sure you track RIVN, LCID, ROKU, SNOW, any stock that has dropped heavily without much recovery. When they start squeezing, that's as good a signal as any the top is being made.
Make sure you track RIVN, LCID, ROKU, SNOW, any stock that has dropped heavily without much recovery. When they start squeezing, that's as good a signal as any the top is being made.
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