Rolled 10x 5/10 -c175 -> 30x 5/10 -c185 for same money -> 70x -c175 remain... 100x -p180 also still in play
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Knightshade
Well-Known Member
Closed em back up for 33 cents, seems good enough for a day trade and Elons allegedly got an interview tonight
I've been holding off selling CC's the past few days, even for scalps. With the SP appearing to be in an unstable state lately (i.e., 160-138-168-198-176-187-183, etc.). Afraid of a steamroller/news event. Also a bit of PTSD from BTC -C165 5/17 at the low $190's for a decent loss, then seeing TSLA come back to $176 last week 
How have you been playing TSLA when it behaves like this, or do you just sit it out too?
How have you been playing TSLA when it behaves like this, or do you just sit it out too?
Isn't this how TSLA is always?I've been holding off selling CC's the past few days, even for scalps. With the SP appearing to be in an unstable state lately (i.e., 160-138-168-198-176-187-183, etc.). Afraid of a steamroller/news event. Also a bit of PTSD from BTC -C165 5/17 at the low $190's for a decent loss, then seeing TSLA come back to $176 last week
How have you been playing TSLA when it behaves like this, or do you just sit it out too?
100% agree.. IDF was literally on the top of the fence…why wouldn’t Hamas just say “uncle, ok, we agree”.. and they change it all a week or two from now.
I’ll take it though, time for selling more July calls.
Maybe you missed this post last FridaySo when is NVDA at $600 coming? This week or next week?
Update after posting: And It’s now pointing to 967
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I’ve been using -C260 12/20/2024 (228 days) as a scalp vehicle, so even if they go very red on some surprise ($200+), I’ll just be out of action on a tranche of cons until they expire but my shares will be okay.
July (78 days) sounds good since it expires sooner than December, though for any decent premium need to come NTM. -C200 pays $10.50 now. What did you have in mind?
I’m more confident with higher volatility between now and July, than in Dec.. Most elections years REGARDLESS of outcome - but this time really could be different, markets rally or at least stabilize post mid November. TWT.
Well, nothing is ever truly safe, but we’ll be past Q2 earnings most likely then (7/17/24?), and Q2 P&D, so unless everyone is just assuming BAD/BAD again, we could rally. All these job cuts won’t add TOO much to reducing negative earnings - since everything pretty much comes with 1-3 months of severance, or HC expense and in some states additional contributions to a more annualized SUI contributions.. overhead will most likely be reduced more by just MAKING LESS and reducing COGS.
There is SUPER hard resistance just below $200 and again just below $212… so trying to stay just ABOVE $212 all in would be my target.
A little more participation from TSLA with a general market rally. - which we are NOT yet getting, might push the July -cc200 to ~ $12. I’d probably sell there.
Thanks for teaching me something new. The “All in” concept is a good point. This implies that even IF $200 is breached, and even IF $212 is breached (two big IF’s; 2nd one apparently more unlikely before a retrace down) then selling -C200 for $12 nets the same cash if we sold shares then. It only fails if somehow TSLA passes $212 and heads for the $220’s for some reason, but then we can roll.
I’ll probably try a few -C210 7/19 @$8.00ish (net $218.00) just to add a bit of buffer/less stress.
thenewguy1979
"The" Dog
NVDA and SMCI on steamroller mode....both are aiming at upper BB.
TSLA is doing the flat dance. Perhaps waiting for a Catalyst to make a big move.
Yes, but,
For me, I’m often in this type of ALL IN target (and that doesn’t mean what it means in Texas hold’em)..because that is where I see total value for X at Y timeframe with Zed risk. But, for the most part I’m doing this all in relatively large TAX deferred accounts, so IF I get my all in target, meaning called away at $200 if the price like $212 (usually it’s lower) I’m fine taking the total cash, and just rebuying when the inevitable price fall occurs. Of, if it doesn’t I’ll buy higher and sell more calls - OR for the most part I just look for a better target vehicle for the time being in another equity.
Personally... writing ITM calls and hoping they get assigned. I still have a lot of shares, but the stock has become too volital to be a dominant part of my portfolio. I'm also writing some DITM LEAP puts that I will try to trade take gains where I can. I don't think it is a great strategy; I think the stock should be at $220 right now and I hate selling at the discount. I would describe myself as "strategically capitulating".
thenewguy1979
"The" Dog
This is who the Bears pray to now......
Imotep coming at you 11:30ET tommorow... Be ready...
Imotep
coming at you 11:30ET tommorow... Be ready...There is indeed NO uncertainty who ‘Bad Cop’ is within the federal governors space..This is who the Bears pray to now......
Imotep
View attachment 1044925
“I don’t see sub 2% inflation ANYWHERE on the horizon, let alone even 2%”
“Frankly, we undershot for so many years sub 2%, that we needed to overshoot 2% for several years. Now, we’ll have to see SEVERAL quarters sub 2%, or even YEARS maybe to be confident that it won’t re-appear in short order”
“I just had dinner with Chariman Powell last week while I was in Washington, and I think he’s finally coming around to my thesis”
“At this point with interest rates, we’ve simply gotten back to the long term historical trend, having spent several decades after the financial crises BELOW trend, so it’s probably best just to stay here longer than one would expect”
“If I had my druthers, we’d RAISE rates another 50 bps, just to increase confidence that inflation won’t re-appear later this year or early next!”
“My expectation is that CPI inflation won’t be below 2% till we’ve had labor force unemployment over 5.5% for 2-3 quarters, so the sooner we get there, the better”
I think I could play him in the movie version of Federal Reserve Nights.
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Can you elaborate on your thinking here. Many even long-term bulls saying it’s a miracle it’s not <$100 currently, given 2024 EPS crash and not much more for 2025.
People who buys/sells Tsla based on earnings I argue has about as many people as those who buys Amazon based on earnings.
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