Took profits on SMIC already at 35% profit from Friday. Hopefully It dips again so I can resale the contracts again. Made $8 on some contracts.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Thanks.
Re rolling your LEAPS up and out, what do you look for to decide? Is that like 6-mo before expiration to avoid theta burn, or when they become red, or something else?
thenewguy1979
"The" Dog
Still have some room to go up and hit upper BB before retracing. That all depend on it's bigger brother NVDA.
Not much help from dealers on the board right now, except for joining selling below $177.50:
Also puts arriving on schedule:
Also puts arriving on schedule:
thenewguy1979
"The" Dog
exciting day today with still 3hrs to go.....let see if momentum still there when "Smart Money" coming rolling in at last hour.
At least a year before expiration to avoid theta burn, sometimes fairly soon after the newest expirations are added. Depends what my other positions are at the time and what price action has been like.
Tesla Stock Is Soaring, but They Won’t Top This Level
By Al RootFollow
June 17, 2024, 1:05 pm EDT
Tesla's stock is soaring while the Nasdaq Composite naps. Investors looking for a reason should look back to Wednesday. Tesla stock was up 4% in midday trading at $184.28 while the S&P 500 and Nasdaq Composite were both up about 0.1%.
There aren’t any upgrades or downgrades to focus on. CEO Elon Musk hasn’t tweeted out anything noteworthy. That means the pay package is still the main reason responsible for Monday’s move.
This past week, shareholders re-approved Musk’s 2018 pay package, awarding the CEO some 300 million incentive-laden stock options. They had to vote again because a Delaware judge voided the deal in January, citing inadequate disclosures to investors.
Musk tweeted the result on Wednesday evening. Tesla disclosed full details Friday about the vote, which showed about 72% support for approving the award. The original proposal in 2018 passed with 73% support.
Wedbush analyst Dan Ives called the pay vote a $20 to $25 overhang on Tesla stock. If he’s right, that would put Tesla stock at about $200.
Shares aren’t there yet. Investors might be waiting for the judge to rescind her decision.
The $200 level for Tesla stock represents some resistance, according to technical stock-market analysts. Resistance refers to levels where investors have sold shares in the past. Breaking through a resistance level can signal good things ahead for a stock.
The $198 to $200 level represents “the spike high from April 29,” says CappThesis founder Frank Cappelleri. After that, investors can watch the $205 level which is the late February high, and the $209 level—the stock’s 200-day moving average. The moving average, however, declines when the stock is below that level.
With technical resistance around $200, it would take something significant for shares to top that, and one may be on the way soon. Tesla will report second-quarter deliveries in early July. Wall Street expects 450,000 deliveries, down from 466,000 a year ago, implying the second consecutive year-over-year decline for deliveries, according to FactSet. A beat might help shares top $200.
Slowing sales growth is one reason why Tesla stock, though midday trading, was down about 25% year to date.
After deliveries, Tesla’s next significant event is a robotaxi unveiling on Aug. 8 that will reveal a vehicle, and an update about the artificial-intelligence-trained autonomous-driving software. Maybe there will be some surprises in the specifics.
For the next couple of weeks, until deliveries, investors can look for shares to bob between $180 and $200.
Unless of course, Musk does, or tweets, something else dramatic.
Write to Al Root at [email protected]
thenewguy1979
"The" Dog
TSLA daily chart. Trying hard to breakout of upper BB.
Watch out for the train guys. Any AH good news can tipped the scale as @dl003 mentioned.
Watch out for the train guys. Any AH good news can tipped the scale as @dl003 mentioned.
BTO a handful of SPY+P515 8/16/24 @2.30
thenewguy1979
"The" Dog
We heading into halftimes and all in "green" leading by TSLA.
little more then 2hrs left. TSLA is holding and making additional gains. Guess money are being diverted from NVDA to TSLA today
little more then 2hrs left. TSLA is holding and making additional gains. Guess money are being diverted from NVDA to TSLA today
chillerjt
Member
Awesome news. M3 LR qualify for tax rebate now
Maybe this is part of the strength:
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thenewguy1979
"The" Dog
SP is at 188.5 and seem to be holding strong. Pieces of news regarding $7500 tax rebate for Model 3 LR came out.
Do you see anything new based on the PA, or continue to wait and see? Thanks @dl003
thenewguy1979
"The" Dog
You got it for 1 more QRT.
enough to Moon now?
Tesla to allow FSD transfers for 'one more quarter,' says Musk
Tesla will soon begin offering FSD transfers once again, according to a statement made by CEO Elon Musk during the company's recent...
www.teslarati.com
thenewguy1979
"The" Dog
thenewguy1979
"The" Dog
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