Wiki Selling TSLA Options - Be the House

[juanmedina]

My gut feeling is that TSLA goes up after the Shareholder meeting, even if the vote goes against Elon (because of other good news at the meeting). Between FSD and CT ramp, and possibly new Model Y, I think TSLA goes up from here. So I'm trying to get out of all my ITM CCs before then.

Maybe Tesla will lower their prices again in June to move some inventory

 

[EnzoXYZ]

I'm thinking of throwing in the towel on my 170CC and just rolling them up and out to Jan 2025 240 strike (which is the price I paid for those shares).

Feels like a good chance from now to annual shareholder's meeting that we see sub 170?

 

[StarFoxisDown!]

Maybe Tesla will lower their prices again in June to move some inventory

Based on the inventory trackers, that's not going to be the case for the rest of Q2 after the .99% promo.

If anything the .99% promo may come back in mid Q3.

 

[BornToFly]

Feels like a good chance from now to annual shareholder's meeting that we see sub 170?

I don't know. I was hoping for at least sub 175 tomorrow, but not looking good at the moment.

 

[dl003]

Here we are dealing with the next 3-5 days to weeks ;- )
Are you still seeing for the $160 this week or next?

yes. Why not? TSLA regularly drops $10 a day. Days like today dont make me question my plan. 187.5+ will.

 

[StarFoxisDown!]

I don't know. I was hoping for at least sub 175 tomorrow, but not looking good at the moment.

Macro's are coming to the rescue for ya

 

[Jim Holder]

Was great to sell CC's into though!

 

[InTheMiddle]

View attachment 1051909


Was great to sell CC's into though!

Was great to buy more puts into!

 

[Jim Holder]

 

[Jim Holder]

Donkey Kong is throwing fire balls:

 

[DaBooster]

Took advantage of the pop

5-31
-C185/+C215
.77

 

[⚡️ELECTROMAN⚡️]

View attachment 1051909


Was great to sell CC's into though!

Darn! I was this close to selling a 180 for $2.80. No balls no glory.

 

[Max Plaid]

My gut feeling is that TSLA goes up after the Shareholder meeting, even if the vote goes against Elon (because of other good news at the meeting). Between FSD and CT ramp, and possibly new Model Y, I think TSLA goes up from here. So I'm trying to get out of all my ITM CCs before then.

Maybe will pop after Shareholder, but I'm still expecting a bad P&D, so let's see

 

[Jim Holder]

@Yoona When you get a chance can you share how you like to set the Option Order Flow filter (if >dollar amount, bid, ask, etc.)?

 

[Jim Holder]

I don't know. I was hoping for at least sub 175 tomorrow, but not looking good at the moment.

Gift for you:

 

[InTheMiddle]

Was great to buy more puts into!

…and now the dip is great to sell them off into. More profit could be made by holding, I’m sure, but *nothing* wrong with locking in these profits and relaxing for the rest of the day. GLHF all!

 

[Max Plaid]

Based on the inventory trackers, that's not going to be the case for the rest of Q2 after the .99% promo.

If anything the .99% promo may come back in mid Q3.

How do we know that less inventory means more sales? Perhaps they pulled-back on production, we just don't know

In any case, where are you seeing inventory, I no longer see in-stock cars on Tesla's website, they stopped that and just match exiting inventory with new orders as far as I can tell

 

[Jim Holder]

BTC scalped CC's from 182.

 

[Patrick66]

How do we know that less inventory means more sales? Perhaps they pulled-back on production, we just don't know

They cut at least 30% of the quarter's production in Austin for the quarter. Haven't been watching Berlin, but I expect there was a minor cut there too. Similar rumors were going around about Shanghai, but too hard to read for sure.

So I am guessing total production was cut 50-85k vehicles for the quarter. I expect sales to be more or less flat with Q1. Dropping 12.4 FSD would likely offset the P&D disappointment though-- if it stops my wife from screaming with the close following a late braking/accelerating into a slowing car.

Glad I "slept in" until 5AM (here) and missed the bounce. It might have questioned my short-term convictions.

 

[Jim Holder]

Bounced on 34-ema: