Wiki Selling TSLA Options - Be the House

[Max Plaid]

I'd swear someone is flipping in/out of TSLA/NVDA, when one has a big green candle, the other os often red...

 

[tivoboy]

Looking to sell 7 the -cc AUG $210 @ $10.5

Ok, which one of you miscreants is holding this thing JUST below 10.5?

 

[thenewguy1979]

So people are diverting investment from NVDA, the AI Company, to a CAR Company, that said it's an AI Company now?

 

[Yoona]

I'd swear someone is flipping in/out of TSLA/NVDA, when one has a big green candle, the other os often red...

tsla is the 3rd top-performing S&P stock in terms of volume

translation: bullish

 

[elasalle]

Closed 2 Jul 25 175 PUTS for 60% gains.in personal .. the force is strong till a pullback 200 is a barrier ..

 

[Yoona]

tsla is way above the upper-BB, MM usually doesn't like that

in all of 2024, max consecutive 1 day up there

 

[Jim Holder]

Massive call selling around here:

$286M
$115M

How to read "Contract Trade Statistics"

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

 

[tivoboy]

Looking to sell 7 the -cc AUG $210 @ $10.5

Sold 7x -cc $10.7.

 

[Max Plaid]

@MikeC @Max Plaid I have 15x -P300 6/18/26 that are about $2-3 dollars away from where I sold them (sold for $115.75, now $118.50, the closest it's been in a looong time). I'm thinking to buy back some--or all--with the intention to sell them again on any retrace down, the lower the better.

But I'm concerned the rally can continue given TSLA has taken out 191 and 194 and seems to be holding. The higher TSLA goes, the cheaper the puts are to buy back. Originally they were sold to save the 9/20/24 -P220's that were getting close to '0' extrinsic @ $140's. It was a rolldown and out thing.

Any thoughts?

I know TSLA hasn't been able to hold its gains lately, but...maybe....this....time...is....

I've no answer for you really as I don't get why TSLA is up, maybe it's call-buying in advance of P&D that making it move

I made a similar move when the SP was 187, bought back 45x Dec 2025 -p190 for a reasonable profit and sold 37x -c190 for the same amount, my thought process being to do the opposite when the stock drops, with 177 being the pivot point, but yeah, it went the other way

The +c190's are covered by Dec 2025 +c200's the I plan to roll out to 2027 once the chain opens up, then I have the possibility to roll them up and out, above the long calls

It's a 50/50 I would say

You could always move them out to fewer contracts if you're unsure, or out to a lower strike

Or buy back half...?

 

[Jim Holder]

https://twitter.com/x/status/1806050669758935182

 

[elasalle]

I think there will be some 8/8 FOMO, so repositioned and sold 2 Aug 14th 185 PUTS for ~ $9 each
we just need a neutral P&D read ~ 420K ... Troy has been upping his numbers lately

CC monies, so shares assigned are OK

 

[Max Plaid]

So can we assume $MU results sucked?

Into close rolled 100x TSLA -p177.50 -> -p187.50, to straddle with the -c187.50', for 35c - not much, but a low-risk move and it all helps, eh?

 

[dl003]

The "too many eyes" on a pump test in progress...

@dl003 @bmd00 What do you make of this rally, where can it stall out or can it keep going?

GEX showing little dealer resistance to hop over $200:

View attachment 1059994

I think we saw the high and sub 180 is next. I'm in 175P for 7/5 and 7/12.

 

[Max Plaid]

I think there will be some 8/8 FOMO, so repositioned and sold 2 Aug 14th 185 PUTS for ~ $9 each
we just need a neutral P&D read ~ 420K ... Troy has been upping his numbers lately

CC monies, so shares assigned are OK

Yeah, flipping this week's ITM -c187.50's to puts might be the best move, don't know yet... just straddling at 187.50 and reducing the calls gradually is also a nice option, which works well when you get a pull-back

But seeing the AH action, tomorrow might be a different story, maybe...

 

[Jim Holder]

I think we saw the high and sub 180 is next. I'm in 175P for 7/5 and 7/12.

Thanks. Are you saying you flipped your short -P175 to +P175?

 

[dl003]

Thanks. Are you saying you flipped your short -P175 to +P175?

Yes and added more 7/12 175Ps

 

[Jim Holder]

I think we saw the high and sub 180 is next. I'm in 175P for 7/5 and 7/12.

What cadence are you seeing to <180?
This would work out well for me since I dumped a handful short puts at $197.50 and looking to resell on the way down.

 

[thenewguy1979]

Yes and added more 7/12 175Ps

+175P exp 7/12 are at discount pricing now <$1

Thanks @dl003

 

[Jim Holder]

Yes and added more 7/12 175Ps

Nice! They're quite cheap (~$0.96)

Theta though won’t last much, I guess this is a play on disappointing or “Sell the news” on P&D release next Tuesday?

Spend $5k for chance at cost+50% or more profit:

https://optionstrat.com/A5AKuFe33waa

 

[thenewguy1979]

So can we assume $MU results sucked?

Into close rolled 100x TSLA -p177.50 -> -p187.50, to straddle with the -c187.50', for 35c - not much, but a low-risk move and it all helps, eh?

Earning exceed but forecast does not.

https://www.cnbc.com/2024/06/26/micron-shares-slide-after-revenue-forecast-fails-to-top-estimates.html

But if TSLA retrace that mean NVDA pump into next week right