thenewguy1979
"The" Dog
I just bought some 120P. Sorry if that showed up on the radar. Was a cheap play.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
ProfessorZoom
Member
Exactly"Let's see how Earth responds to that. If the company fails because ofan advertising boycottDelaware," he said, "That's what everybody on Earth will know." -Elon
One wild card for anyone playing the next 1-2 month timeframe leading into the annual shareholders meeting …I wonder if we might see somewhat of an arms race to collect as many shares as possible to increase voting power one direction or the other.
The possibility of Elon/Tesla fallout if his comp plan gets rejected to me is pretty real so those wanting to finally get Elon out of Tesla could see this as their chance if they collect enough shares. And the opposite, if the share price continues to dip, Elon or the large whales that are close to Elon could significantly increase their share count and voting power in support of the comp plan
The possibility of Elon/Tesla fallout if his comp plan gets rejected to me is pretty real so those wanting to finally get Elon out of Tesla could see this as their chance if they collect enough shares. And the opposite, if the share price continues to dip, Elon or the large whales that are close to Elon could significantly increase their share count and voting power in support of the comp plan
We’ve said for a while now, that below the ~ $148 lvl, there really is NO support.. one would have to bring in some very thin VWAP data points, or try and marry it up with volume and some inflation adjusted discounting of EPS expectations - all of which are much lower today, than 1/1/24, or certainly 10/1/2023…so at this point its quickly becoming a game of chicken and greed.
If we look at the term structure and the premiums for 4/26 - so AFTER earnings, it’s like nothing.. 2-3% for ~ about 7$ OTM at this point.. that’s crazy cheap overall.
Even out to MAY monthly, ~ that $170 strike is “only” about 2-3%.. Again, for the implied volatility (and not truly IV) that pricing seems very low. MM will take it from buyers for sure, I think they are confident they won’t have to pay out or pay up.
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Keep wasting that time. My call expires Jan 2026 currently sitting on 80% profit with 20 being time. Probably wise to close this as it's not worth 20% for 1.5 years of time but I really don't want to pay taxes today when the money is in tax free bonds.Because what was once up must come down and eventually what must come down must go up.
For the 146 gap fill to finally fill, it will have taken a year. Could be another year before todays gap gets fill going back up
I'm thinking of selling 20x -C230 1/17/25 @$8.50 on 30% of my shares (they have a CB of $240). Happy to escape those shares at that time to reduce TSLA and diversify a bit. I can also BTC the short calls on next drop if we get one, or bleed them to the end and roll up and out (?).
If I'm truly ready to let the shares go at b/e (~$240) is there risk in this trade that I may not be seeing?
i have CC at $160, $165,$170 and $175. i am trying to close the $175 and buy new ones for $152.50 instead of selling shares ?
I’m in a similar boat. I have a bunch of sold calls from last summer and winter that I’m up 80-90% on. But I want to at least wait until Jan 2025 to close them out so that the corresponding taxes won’t be due until the following April.
But for mine, the strikes price are all at 400 and above. The lower we keep going, the more comfortable I feel letting those actually ride out until they die for nothing
April 15, 2024
So the date has already past. So the idea of people buy TSLA to control the vote on the compensation package doesn't make sense.
Ah well, there goes that theory
I ended up selling some short calls here at the $152 retest:
10x -C225 12/20/24 $8.00
20x -C230 1/17/25 @$8.50
These are on some shares I'm okay letting go near b/e (~$240) since I sucked a lot out of them anyway on CC scalping the past couple years. So even if by some miracle TSLA get over $220 in 2-3 months (how likely really?) it'll prolly retrace down here anyway again and it'll be a fight all the way back up again too, giving plenty time for theta burn or close for even modest gains if the story improves, or roll up and out if needed (I guess?).
Yes, sell short calls at resistance and never at support and all that, but we broke support and this is also a hedge in case we do head for $137-$120 and even lower. At least if so the gains will help cover the loss on a few long LEAPS and the -P300 6/18/26 snake I'm still carrying.
That's a great tell when we see long calls get really cheap. Implies more pain.
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