STO a bunch of calls maybe?
(regardless, nice move!)
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
(regardless, nice move!)
Does your tool enable calculation of the difference in $ and %? It would be interesting to compare the trend in up vs. down weeks.
i only grabbed the screenshot from
Options Max Pain - Calculations for SPY
Our Max Pain calculator displays the aggregate nominal value of options premium expiring at each strike price, for each expiration.
I was just going off your text that I quoted which was "the wide spread gives you much more room to adjust the trade while increasing your risk of total max loss". Regardless, yes, there are lots of aspects, but one thing you didn't really mention is that the the 10 point spread also has much lower premium as the 100 point spread as well, so you have to lever up a bit to compare them from a profit standpoint.
- GTC order to BTC 2/3 of my $765 position at $2 for a $7 profit -- hit.
- Will let the rest expire or close lower on Friday.
- Friday BTO at $760 for a Monday AM pop didn't work this week (bought too early, and Elon email plus noise seems to have overwhelmed FSDv10 news).
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AquaY
Member
Sorry, I used the wrong word. Like when I call my GF by my Ex's name.
That increases my risk of the size of the hurt I'm going to receive. LOL
I meant to say size instead of risk. Big difference
"I was just going off your text that I quoted which was "the wide spread gives you much more room to adjust the trade while increasing your SIZE of total max loss"."
In other news my short leg of my BPS of 710 Puts I STO last week is not being kind to me today
InTheShadows
Active Member
Options Max Pain - Calculations for SPY
Our Max Pain calculator displays the aggregate nominal value of options premium expiring at each strike price, for each expiration.
Knightshade
Well-Known Member
Knightshade
Well-Known Member
BTW, just poking around- as of a minute ago break-even price on buying $550 strike 10/8 (week after Q3 delivery #s are out) calls is ~$718.
Jan 21 of same (post Q4 delivery) is ~$741.
(without considering anything you can make on weeklies)
Not an advice.
Jan 21 of same (post Q4 delivery) is ~$741.
(without considering anything you can make on weeklies)
Not an advice.
I have a theory, based off of looking at max-pain for every week going out to 10/8.
This week I think that $700 call wall will disapear at some point. Guessing when SP drops close enough for whomever to take nice enough profits. When that happens it's game on for run to $750 to close the week.
Looking out further to 9/24 I'm being careful as it could run to $800 easily as there doesn't seem to be any calls impeding.
10/1 is a $800 small-ish call wall at 2.8k, but could disapear as well.
10/8 $800 call wall 4.9k.
The next few weeks look great for selling aggressive puts. I'm going to be very conservative with selling calls
Not advice.
This week I think that $700 call wall will disapear at some point. Guessing when SP drops close enough for whomever to take nice enough profits. When that happens it's game on for run to $750 to close the week.
Looking out further to 9/24 I'm being careful as it could run to $800 easily as there doesn't seem to be any calls impeding.
10/1 is a $800 small-ish call wall at 2.8k, but could disapear as well.
10/8 $800 call wall 4.9k.
The next few weeks look great for selling aggressive puts. I'm going to be very conservative with selling calls
Not advice.
What about if the entire market decides to take a dump?
ChefBoyardee
Member
Hell yeah - closed most of the bear side of my 720/710/700 butterflies (Sep 24) while we were at 710. The hedge is working 
Leaving a few to close tomorrow since selloffs tend to happen over 3 days and we're on day 2
Leaving a few to close tomorrow since selloffs tend to happen over 3 days and we're on day 2
Always a macro worry, yes. But then just buy more TSLA stock. Don't worry about options
corduroy
Active Member
Well this morning was definitely a gut check. Nothing like seeing your positions swing 90% one way and back,
InTheShadows
Active Member
Here is a sheet I made to help me figure out how to leverage put spreads and how much risk I want to take. I can enter different values and it will go out and fetch the latest option prices and do the calculations for me.
InTheShadows
Active Member
Yes. Same tools I PM’d a month or two ago.
Well, looking at how SP was falling this a.m. I decided 710 might be in play and rolled these into lower strikes.
-100x bps 9/17 690/685 @0.85
-200x bps 9/24 690/680 @2.65
Prices were all over the place while I was scrambling to put the trades in and close old position, but got about $5k credit from this and will make me sleep better.
Too bad I didn't follow my suggestion to wait until this week to see what MM will be up to instead of selling puts last week
Edit: Beta 10 seems to still have some major screw ups based on @wholemarsblog and @Frenchie videos, so not at prime time for robotaxi yet, but the progress is obvious.
Wouldn't be surprised if it's near perfect in 6mo.
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