Wiki Selling TSLA Options - Be the House

[Jim Holder]

Still trapped by $150 -GEX

 

[Jim Holder]

 

[ssipak]

View attachment 1039995

how is bookmap looking for tsla? ty

 

[Jim Holder]

how is bookmap looking for tsla? ty

Looks like $150 huge sell wall/resistance:

.

 

[Jim Holder]

STO 5x -C230 1/17/25 @8.25
BTO 5x +P135 7/19/24 @8.75

 

[thenewguy1979]

I would have though a rate hike would have sink TSLA furthur today, instead it seem SMCI and NVDA got most of the wacking.......

Guess TSLA got to wait for 2 more days.

@tivoboy - we got the 7XX for NVDA. Time to rebound or more pain on the way?

 

[Jim Holder]

Wednesday at 8:09 PM

RE: NVDA

This doesn’t end or reverse without a $7xx in front, so pick wisely for puts or calls...

@tivoboy You nailed it again!

 

[elasalle]

Bounce up after hitting 805.

TSLA seem to flatline so far......

Hope they are flushing out the stop losses.
Took losses a lot of portfolio pressure with low TSLA SP (not on margin yet) - 800$ loss

 

[tivoboy]

I would have though a rate hike would have sink TSLA furthur today, instead it seem SMCI and NVDA got most of the wacking.......

Guess TSLA got to wait for 2 more days.

@tivoboy - we got the 7XX for NVDA. Time to rebound or more pain on the way?

They were still overbought, which Tesla - well we all know.

Magic 8 ball says, more pain but probably eod bounce back over 800$, but I’m focussed on closing out 115K+ in -CC for May today with prices at 90-95% off. I KNEW things in mid march were very over extended, we’ll most likely not see the same oppty again this year.. the same lvl of aggregate OVER extendedness across so many names, esp tech.

 

[ProfessorZoom]

Seems the chickens are coming home to roost for the BOD and Elon’s cold shoulder to Uncle Leo:

https://twitter.com/x/status/1781359245125951977

Important to note that that is less than 1% of shares

Doesn't Ellison have more? Or does he still not count as retail?

 

[juanmedina]

They were still overbought, which Tesla - well we all know.

Magic 8 ball says, more pain but probably eod bounce back over 800$, but I’m focussed on closing out 115K+ in -CC for May today with prices at 90-95% off. I KNEW things in mid march were very over extended, we’ll most likely not see the same oppty again this year.. the same lvl of aggregate OVER extendedness across so many names, esp tech.

Did the session containment failed? Or it will fail if close below it?

 

[Jim Holder]

As of now, next week 4/26 big middle finger resistance at $150:

Light blue line is SPOT

Gamma: If SP reaches tall bar it might hover below OR above (because it is a magnet), unless there is a tall wall or cluster somewhere else
Vanna: If SP reaches tall bar it might be "capped" at or below it, unless there is a cluster somewhere else.

Gamma

Vanna

Delta

 

[Jim Holder]

Did the session containment failed? Or it will fail if close below it?

View attachment 1040007

Usually he looks for a close of 1% below (so $786.81) to confirm downtrend continues.

 

[tivoboy]

As of now, next week 4/26 big middle finger resistance at $150:

View attachment 1040004

Light blue line is SPOT

Gamma: If SP reaches tall bar it might hover below OR above (because it is a magnet), unless there is a tall wall or cluster somewhere else
Vanna: If SP reaches tall bar it might be "capped" at or below it, unless there is a cluster somewhere else.

Gamma

View attachment 1040005


Vanna

View attachment 1040006


Delta

View attachment 1040008

Look at that put pattern.. NOBODY knows what is going to happen and nobody seems to have much conviction except to just buy protection (or sell it)..

 

[tivoboy]

Did the session containment failed? Or it will fail if close below it?

View attachment 1040007

I always look at my or others number as a bit of a cushion, but 1-10 min VWAP will indicate where the line was.

 

[Jim Holder]

Look at that put pattern.. NOBODY knows what is going to happen and nobody seems to have much conviction except to just buy protection (or sell it)..

Here's the 4/26 GEX visual:

 

[Jim Holder]

More selling kicking in

 

[StarFoxisDown!]

More selling kicking in

View attachment 1040017

Nasdaq breaking through it's low from this morning. Seems like further macro downside is in store. If macro's close hard I expect Monday to be quick drop and then recovery.

 

[EVNow]

Gap close ?!

146.41 to 154.76 on Jan-26-23.

Low today 146.64.

 

[intelligator]

yes, take profits when you can

if i didn't close these yesterday, today's 180+ SMCI black swan drop would have been a disaster for the puts... -20% 0dte... this shows how dangerous SMCI/NVDA is

I wasn't so fortunate. Not only did I forego closing yesterday, today I couldn't trade, was driving, when I got to my appointment, SMCI was already down to 760 ! I had to call in and have an options specialist manage the rolls to next week ... and the SP continues to dive. Now have +p685/-p785 rolled at small credit down and out and +p730/-p830 rolled for debit off-setting the initial credit also down and out to 4/26. They are each beet red. Reading into the lack of news and expectations that SMCI earnings aren't going to be good, don't know what to do other than roll until I can't ???

Be careful folks, I took the initial sold sides at .04 delta ... this drop wasn't expected.

EDIT: I STC half of the TSLA option positions I have open: 5 Jan '25 +p180, they are synthetic green, still a loss but much better selling these now than what I could have got at SP=170 when I BTC the paired Jan '25 -p240. Also BTC 5 4/26 -p130/+p140. Was going to hold these through Mon/Tuesday, decided better to take profit on half now while they are green.