Wiki Selling TSLA Options - Be the House

[thenewguy1979]

Could be! The data based on GEX indicates market is positioned for $200 this week. But like @dl003 often says the best way to get a real bull run is when it's not talked about and less eyes are on it. This also means that with all the chatter around the web and on socials saying TSLA is bullish this week, you may be right and it'll just pop and chop.

When everyone and their mom betting on a bull market, watch out for rug pull. Also bull runs out of nowhere for no reason make upward move fake IMO.

Staying out and riding NVDA for now. At least there are tangible reason for NVDA to pop with Micron ER coming up and AI still hots.

On the other hand TSLA 190/195 call spread seem cheap for any potential run

 

[Max Plaid]

That would seem like an odd scenario to me (a non-chartist). It is expecting a lot of volatility for volatility's sake in the course of a week. I can only picture flat-to-down for the week barring something major.

Same here, barring some positive catalyst, I see absolutely no reason for TSLA to go up, but plenty of reasons for it to go down

It is currently way over-valued IMO and I struggle to understand why it has stayed around this range, I know, "market forces"

P&D will be terrible, growth in 2024 over 2023 will be off the table, exposing Elon's off-the-cuff stock pump statement from the Q1 earning's call

 

[Patrick66]

Same here, barring some positive catalyst, I see absolutely no reason for TSLA to go up, but plenty of reasons for it to go down

It is currently way over-valued IMO and I struggle to understand why it has stayed around this range, I know, "market forces"

P&D will be terrible, growth in 2024 over 2023 will be off the table, exposing Elon's off-the-cuff stock pump statement from the Q1 earning's call

I think TSLA is fairly priced at the moment, maybe 5% high but that is a rounding error in the scheme of things.

Maybe the bigger questions to be asked are why hasn't the broader EV market grown at the rates anticipated 4-5 years ago? I can come up with a few excuses (limited drop in battery prices being paramount, followed by defensive policy by oil/ICE industry), but people just don't seem that interested in it still. I can come up with anecdote after anecdote exemplifying the failure, but the real challenge that Tesla faces is addressing it head-on rather than the symptoms.

 

[Jim Holder]

tentative plan last night, details in progress
View attachment 1059067

Oh! I thought you meant TSLA.

 

[Open Interest]

When everyone and their mom betting on a bull market, watch out for rug pull. Also bull runs out of nowhere for no reason make upward move fake IMO.

Staying out and riding NVDA for now. At least there are tangible reason for NVDA to pop with Micron ER coming up and AI still hots.

On the other hand TSLA 190/195 call spread seem cheap for any potential run

I’m with you. I have a handful of NVDA July calls. Wish I had foreseen the damage triple witching would do.

 

[deerfield]

Oh! I thought you meant TSLA.

TSLA is in there....just last

 

[Jim Holder]

Watch at 1.75x speed:

 

[Jim Holder]

TSLA is in there....just last

I see it now, thanks.

 

[Jim Holder]

Basically: “Over 200 is bullish. Below 200 is bearish.”

https://twitter.com/x/status/1804901670272552986

 

[Patrick66]

View attachment 1059103

Again, I am no chartist, but including the Jan 2024 high in the channel seems ...optimistic. Life was still roses then. I would push the top bars down to October and September highs for forming the top of the channel, which puts you right at ~187 for the high band this week.

 

[thenewguy1979]

Another big event for NVDA this week.

That high of 142 last Thursday maybe retested this week guys.

NVIDIA Corporation - Financial Info - Annual Meeting

investor.nvidia.com

 

[juanmedina]

A good Q2 P&D analysis/prediction in the "other thread": Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

So what does this means for the stock?

 

[DaBooster]

So what does this means for the stock?

Sell on the news

 

[Patrick66]

So what does this means for the stock?

If down going into the report it is likely to go up after; if up going in it is likely to go down after. If flat going in I would expect down moderately after. If we get whiplash this week... then it might mean up moderately after. Just guesses though.

 

[Yoona]

tentative plan last night, details in progress
View attachment 1059067

final, no TSLA

 

[Jim Holder]

final, no TSLA

View attachment 1059166

Smart move:

 

[EVMeister]

Smart move:

View attachment 1059183

Probably too early to call that.

 

[Yoona]

i decided to sell some, if not all, NVDA to lock in profits

i am ok to "lose" money if the stock goes up further

i will buy back after a correction, if any

that's the plan!

edit: there is support at the hourly (50sma + rising channel + order block)

View attachment 1058337

nvda buyback plan in 3 stages

target 150

 

[BornToFly]

I didn't sell Puts on Friday thinking we would at least dip Red at the open today....

 

[BornToFly]

Sold 205 and 207.5CC for Friday on the strong open. Macro dropping and may pull TSLA back down.

Edit: But other EV stocks also strong today. So money going into Auto this morning.