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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
thenewguy1979
"The" Dog
“If unemployment stays below 4% for the 28th consecutive month, it will be cause for celebration,” economist Dean Baker, co-founder of the Center for Economic and Policy Research, wrote in a note on Tuesday. “If the other data in the jobs report looks like they did in April, then it should help the Fed feel more comfortable about lowering interest rates.”
SpotGEX update:
If the market moves up, dealers will likely join and support up to 180, and then rest until 185 where they'll join somewhat less enthusiastically to 190 (unless a flood of calls come in during the move, then it'll help the move stronger):
If the market moves up, dealers will likely join and support up to 180, and then rest until 185 where they'll join somewhat less enthusiastically to 190 (unless a flood of calls come in during the move, then it'll help the move stronger):
it's ok
i accidentally discovered a way to hedge against these kinds of drop or sudden rise
for my wheels: instead of going all-in on weeklies, i laddered my wheel on alternate weeks
week 1 - sto this week's cc, sto next week's csp
week 2 - roll the cc and csp a week out
week 3 - roll the cc and csp a week out
etc
this way, the -c and -p "hedge" each other out (they are same delta) and half the position (on longer dte) has time to recover (ie not everything is a disaster right away)
My thesis hasn’t changed. I think still there is a 7-10% pull back in our future (30-90 days) overall. More in many tech stocks. But, we’re still in a FOMO market, and some of these moves are blow off tops, or will be soon enough. NVDA $1400 I’ll sell the entire position remaining. and the appearance of a July US Fed rate cut will continue to loom large till it’s extinguished.
I’m still at a full NO for a July cut (baring REALLY bad BLS numbers or further GPD compression, or of course other exogenous event).
No Aug
51/49 September cut.
So, there’s opportunity for more FOMO here up another 2-4% overall, NOT 5%.
And SOME further FOMO in NVDA, AMD, SMCI, TSM, AMAT, ASML, QCOM… notice i don’t really say anything else in the tech. It’s not going to be another 10% for MSFT, or AAPL over the medium term.
AI says NVDA 1225$ now, ok we were already THERE..
TSLA moved up to $118
Yes, I think a retest of 495-510 range needs to be tested before we can really break above 555+
thenewguy1979
"The" Dog
I offloaded all position in AAPL this morning during the micro pump.
Nothing on hand for TSLA.
NVDA crazy PA this morning. Up and down and up and down......
thenewguy1979
"The" Dog
Yoona please adopt the dog into your small trading club once you open.
Trading is too hard for the tiny dog head. He want to be more then a rep for Taco Bell (or Wendy).
Sincerely,
theDog
Max Pain website not working for NVDA... can anyone tell me where the big walls are for tomorrow - thinking to write some -p1175's...
Call wall 1200. put walls 1150 1200.
Indeed, instead of 100x weekly, 50x weekly, written two weeks ahead, get's good premium and time to adjust in case it goes stinky, I was doing this for a while...
pffs. This? Crazy? I've been through November 2021. You're making us look bad.
thenewguy1979
"The" Dog
Interesting statement re AAPL and MSFT (More so for Apple). My gut says something is going to happen with these companies soon to pull them out of the rut... but the market clearly doesn't think so with ~21% IV.
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