The TSLA specialty, great for scalping calls every morning
Already closed mine on the trip from 182-179
-
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
The TSLA specialty, great for scalping calls every morning
Already closed mine on the trip from 182-179
Overview
How to read the Contract Trade Statistics panel
First line
Red dominates=Bearish
Green dominates=Bullish
Second line
Red dominates=Bearish
Green dominates=Bullish
Third line
Ignore (don't know if buy or sell)
Fourth line
Green dominates=Bearish
Red dominates=Bullish
Fifth line
Green dominates=Bearish
Red dominates=Bullish
--------------
How to read the Gamma panels
General: GAMMA/VANNA/OI help predict RANGE and NOT DIRECTION. They are used to add confluence to standard TA/EW/channels/fibs/etc.
1) GAMMA shows the positioning of market participants (i.e., retail, institutions) at any given time. At several days from expiration it can show general range. Closer to expiration the tallest bar/cluster becomes a probable MAGNET to just below or above the wall, especially if it aligns with large OI walls. as
>When price approaches tall +Gammas from below: Dealers will BUY stock and sell stock as price passes it to cap the upside.
>When price approaches tall -Gammas from above: Dealers will SELL stock and buy stock as price passes it to cap the downside.
2) VANNA shows the positioning and preferred range of MM's and DEALERS at any given time. It is most accurate ~20Δ. Far OTM strike don't mean it'll close there. Very tall vanna walls tend to be "solid walls you can't cross." The closer to OPEX, the more influence VANNA has, because stocks are more volatile and VANNA reacts to IV changes. It is strongest on the last 2 weeks of OPEX and VIXperation.
If -VEX is ABOVE spot and price is RISING: -VEX becomes repellant (-VEX is resistance)
If -VEX is BELOW spot and price is DROPPING: -VEX becomes repellant (-VEX is support)
+VANNA (GREEN) ABOVE/BELOW spot = Magnet
If price is DROPPING and IV is RISING: SP will be pulled into +VEX below spot (dealers selling towards +vex)
If price is RISING and IV is DROPPING: SP will be pulled into +VEX above spot (dealers buying towards +vex)
-VANNA (RED) ABOVE/BELOW spot = Repellant
If price is DROPPING and IV is RISING: SP will be repelled by -VEX below spot (dealers buying away from -vex)
If price is RISING and IV is DROPPING: SP will be repelled by -VEX above spot (dealers selling away from -vex)
3) OI shows where everyone's bet is placed at. The range is normally between the lowest tall PUT wall, and highest tall CALL wall.
How to read the Contract Trade Statistics panel
First line
Red dominates=Bearish
Green dominates=Bullish
Second line
Red dominates=Bearish
Green dominates=Bullish
Third line
Ignore (don't know if buy or sell)
Fourth line
Green dominates=Bearish
Red dominates=Bullish
Fifth line
Green dominates=Bearish
Red dominates=Bullish
--------------
How to read the Gamma panels
General: GAMMA/VANNA/OI help predict RANGE and NOT DIRECTION. They are used to add confluence to standard TA/EW/channels/fibs/etc.
1) GAMMA shows the positioning of market participants (i.e., retail, institutions) at any given time. At several days from expiration it can show general range. Closer to expiration the tallest bar/cluster becomes a probable MAGNET to just below or above the wall, especially if it aligns with large OI walls. as
>When price approaches tall +Gammas from below: Dealers will BUY stock and sell stock as price passes it to cap the upside.
>When price approaches tall -Gammas from above: Dealers will SELL stock and buy stock as price passes it to cap the downside.
2) VANNA shows the positioning and preferred range of MM's and DEALERS at any given time. It is most accurate ~20Δ. Far OTM strike don't mean it'll close there. Very tall vanna walls tend to be "solid walls you can't cross." The closer to OPEX, the more influence VANNA has, because stocks are more volatile and VANNA reacts to IV changes. It is strongest on the last 2 weeks of OPEX and VIXperation.
If -VEX is ABOVE spot and price is RISING: -VEX becomes repellant (-VEX is resistance)
If -VEX is BELOW spot and price is DROPPING: -VEX becomes repellant (-VEX is support)
+VANNA (GREEN) ABOVE/BELOW spot = Magnet
If price is DROPPING and IV is RISING: SP will be pulled into +VEX below spot (dealers selling towards +vex)
If price is RISING and IV is DROPPING: SP will be pulled into +VEX above spot (dealers buying towards +vex)
-VANNA (RED) ABOVE/BELOW spot = Repellant
If price is DROPPING and IV is RISING: SP will be repelled by -VEX below spot (dealers buying away from -vex)
If price is RISING and IV is DROPPING: SP will be repelled by -VEX above spot (dealers selling away from -vex)
3) OI shows where everyone's bet is placed at. The range is normally between the lowest tall PUT wall, and highest tall CALL wall.
Last edited:
Big glitch in the Matrix today - I put an order for 100 @$200, but I don't think it will trigger...
Even if it did, it would be reversed… options however, might be another story as trading stop limits are looser and less precise.
Derivatives like $KO, $WFC, $AAPL. And anything else in the holding company could be affected throughout the day.
Did the round-trip again, +P505 6/12 SPY $0.92 to $1.12. Thanks @tivoboy!
Is it time to move to a further expiration and higher strike and wait for next leg up (if we get one)?
BTC 5x NVDA -p1100 @$9.9 ~75% profits, put a sell order @$15.1 for the next dip, not desperate to resell them, already a good start to the week
thenewguy1979
"The" Dog
Thought I could retired a multi-millionaires today.....
When things go your way, this options game is ridiculously good money for not a lot of effort...
BTC a bunch of CCs down here for varied gains in case we pop in the next couple of days.
Will look to re-sell into any rally.
Will look to re-sell into any rally.
1060.
TSLA 118 still
thenewguy1979
"The" Dog
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