Wiki Selling TSLA Options - Be the House

[StarFoxisDown!]

If MM's were concerned about getting TSLA remotely close to max pain, I would have to believe they would be trying much harder to walk this down right now.

Considering there's a big data point coming in tomorrow morning in the form of the PCE numbers....flying very close to the sun here cause if that number comes in cold, whole market could rip.

 

[Jim Holder]

If MM's were concerned about getting TSLA remotely close to max pain, I would have to believe they would be trying much harder to walk this down right now.

Considering there's a big data point coming in tomorrow morning in the form of the PCE numbers....flying very close to the sun here cause if that number comes in cold, whole market could rip.

Max-Pain moved up to $190 this morning

 

[StarFoxisDown!]

Max-Pain moved up to $190 this morning

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Ah much more doable for MM's. Though again, that PCE number could make it awfully tough on them if it comes in cold. All of previous month's inflation data so far has come in cool.

 

[ChiefRollo]

Off topic but I gotta say, it's crazy what you can get an X for nowadays especially if you're ok with a demo unit compared to 2 years ago, especially since it now qualifies for the tax credit. If I didn't have use for the cash in other ways, I would have seriously considered getting an X instead of the Y.

Agreed. Got a new SG one (my first was back in early 2016) 3 months ago with FSD and FUSC transfer from a 2018 S. Combined with the Federal and CO incentives, it's by far the best value in personal automotive. I've enjoyed and looked forward to driving it every day.

 

[TexasGator]

Max-Pain moved up to $190 this morning

Jim, what site did u use to get this - the max pain site hasnt been working for me

not super confident they'll pull it all the way back to under 190, and missed the opportunity to do something at SP 194, so at SP 197, I ended up rolling the remaining -190Cs to next week -C192.5s for a small credit. hopefully that helps everyone else out

 

[EnzoXYZ]

Off topic but I gotta say, it's crazy what you can get an X for nowadays especially if you're ok with a demo unit compared to 2 years ago, especially since it now qualifies for the tax credit. If I didn't have use for the cash in other ways, I would have seriously considered getting an X instead of the Y.

I brought up the demo Xs are under 80K on the main thread and should qualify for the tax credit. Everyone said you don't get the tax credit since the MSRP are over 80K on them. Makes no sense but Tesla supports that by not saying you get the tax credit also.

 

[ChiefRollo]

I brought up the demo Xs are under 80K on the main thread and should qualify for the tax credit. Everyone said you don't get the tax credit since the MSRP are over 80K on them. Makes no sense but Tesla supports that by not saying you get the tax credit also.

I agree with you (that it makes little sense) but it isn't up to Tesla. I noticed a $2,000 discount since I bought mine; that should help with interior (white or cream) or color (white, blue or black) options while remaining under the $80k threshold.

 

[thenewguy1979]

In August Im going sit back flipped a switch and let my 2 TSLA make money for me through Robotaxi as Elon’s mentioned. Then wheel those profit buying more TSLA stocks.

Me: Right Elon?

Elon: "Next year for sure, we will have over a million robotaxis on the road," "The fleet wakes up with an over-the-air update. That's all it takes."

Me: Wait....you said that in 2019

Elon; coming very soon, it's fire, I'm confident........

 

[MP3Mike]

I agree with you (that it makes little sense) but it isn't up to Tesla. I noticed a $2,000 discount since I bought mine; that should help with interior (white or cream) or color (white, blue or black) options while remaining under the $80k threshold.

Nope. Discounts can't make a car qualify for the tax credit. It is based on the MSRP, not the sales price.

 

[Jim Holder]

Jim, what site did u use to get this - the max pain site hasnt been working for me

not super confident they'll pull it all the way back to under 190, and missed the opportunity to do something at SP 194, so at SP 197, I ended up rolling the remaining -190Cs to next week -C192.5s for a small credit. hopefully that helps everyone else out

I use this:
http://maximum-pain.com/options/TSLA

 

[thenewguy1979]

Did SMCI announced a stock split? Cannot find any news so far.
Rare PA from SMCI going off on it's own tangent today.

 

[Jim Holder]

https://twitter.com/x/status/1806345974891135382

 

[StarFoxisDown!]

https://twitter.com/x/status/1806345974891135382

Jonas and his team puts out more notes than I've ever seen from an analysts on a single stock. We sometimes get 2-3 notes in the same week

 

[ChiefRollo]

Nope. Discounts can't make a car qualify for the tax credit. It is based on the MSRP, not the sales price.

I agree. The $2k discount I mentioned is at the MSRP level...since I bought mine, from $79.9k to $77.9k. OT I know; just thought I should clarify.

 

[Jim Holder]

Jonas and his team puts out more notes than I've ever seen from an analysts on a single stock. We sometimes get 2-3 notes in the same week

Yeh, he's trying hard to provoke a summer run like last June-July, I hope he succeeds, lol.

 

[thenewguy1979]

@dl003 - is there a PT that you'll cut those P175?

 

[Jim Holder]

Here's our range:

Red=attracts
Green=repels

 

[thenewguy1979]

Yeh, he's trying hard to provoke a summer run like last June-July, I hope he succeeds, lol.

Seem to be working.....heading back into green....

 

[Jim Holder]

GEX update: Quite bullish, including into next week
The fact that TSLA held it's gains for a 2nd day is impressive for once + it held the 194 area retest several times.

A question to consider is if/when it does get over $200 how long will it stay over (re cutting/dealing with any CC's or long Puts below). Last year it just kept going...


Green lines: Dealers join toward
Red lines: Dealers sell into below

 

[Yoona]

Did SMCI announced a stock split? Cannot find any news so far.
Rare PA from SMCI going off on it's own tangent today.

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https://twitter.com/x/status/1806345394919559460