Wow we may get a chance to close positions that we got into and we don't like.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
InTheShadows
Active Member
Looks like this morning might be decent for selling some BPS. IV is higher than last week. Most of my puts lost very little value yesterday.
AquaY
Member
S&P futures vs fair value: -34.80. Nasdaq futures vs fair value: -230.00.
Extended hours
$781.92-9.44 (-1.19%)
Extended hours
$781.92-9.44 (-1.19%)
corduroy
Active Member
I think all of us on this thread are responsible for about half of that 700 put wall.
I have 10/1 covered calls to roll this week ($760, currently $23 ITM) — is there an established pattern for say a $10 one-week roll that it’s better to roll on an SP dip, or does it make any difference? I’m guessing the difference widens with SP rising —> out-weeks show rising IV as the dates of so many catalysts get nearer?
jeewee3000
Active Member
Call wall @800 for 10/1 was around 12,600 contracts yesterday. Today already 17,355. The call wall seems tiny compared to the put walls (!) but compared to other weeks call walls of +15k are not to be scoffed at. Food for thought for those holding 800ccs.
Remember: the P&D report will not drop before the weekend. This seems the final week where it seems easier to supress the SP.
Not advice of course. This is $TSLA. For all we know we jump +10% tomorrow.
Remember: the P&D report will not drop before the weekend. This seems the final week where it seems easier to supress the SP.
Not advice of course. This is $TSLA. For all we know we jump +10% tomorrow.
wow .. despite the insane volume on 800c yesterday, the amount of OI at the 800-strike is nearly unchanged .. wild...
I would have thought that some people would hodl those calls...
I would have thought that some people would hodl those calls...
Wish I hadn’t moved so fast on the 10/1 $800s I had. I put in an “at market” sell order for Monday’s opening since my calls were 2.5x at Friday close, considering there might be a down day and only 4 DTE, but forgot to factor in a MMD and got nailed during the first hour. They shot up during the day, so I got 1/3 what I could have gotten
Might need to close out some puts I just sold yesterday and resell higher if we keep with this bullish price action
corduroy
Active Member
STO cc and lccs 10/1 $840 $2 Gravy trade.
Last edited:
jeewee3000
Active Member
"Nearly unchanged" isn't true IMO. OI for 800-strike is up 37%. It seems tiny since the put walls are insane this week, but if the OI were to rise every day till this friday we will have a pretty decent call wall. 800 was defended yesterday and again this morning. Volume mostly drops off later in the week, so I'm confident there will be opportunities to close 800ccs. (But best before EOThursday. If we get another friday like the last two, we know where this is going).
AquaY
Member
I wonder if puts are doing so well due to P&D coming out over the weekend or possible next Monday. Probably a lot of hedging too with the stock price this healthy.
Either way, Seems to me BPS is a good risk right now.
STO ( a little too early) 750/650 10/1 $6.10 credit
STO 760/660 10/1 $7.50 credit
Either way, Seems to me BPS is a good risk right now.
STO ( a little too early) 750/650 10/1 $6.10 credit
STO 760/660 10/1 $7.50 credit
mickificki
Member
opportunity knocking? sold 1 put 10/8 @ 725 strike for 10.40...in hindsight maybe sold too early. D'oh!
Sold 750/700 BPS for this week for $3
looking for 750/700 BPS for next week as well.. maybe for $7 or so.
I bought back my ill-timed c770s for a loss on the dip this morning... kept looking at rolls or considering assignment... but I don't have much confidence in down or level weeks just now. Seemed better to take the hit and move on.
KTC Lurker
Member
Looks like I have to roll a SHOP position. If I roll the sold put, as this is my first time rolling a BPS, do I just pick a strike next week with a credit and then add a bought put separately? Best to just close the bought put for profit?
And somehow put myself into a diagonal spread. Not sure what I'm actually hoping for at this point.
Last edited:
Sometimes it helps to BTC during the MMD, then do the STO in the next 24 hours after the SP recovers (have to have a cash cushion). Not advise.
On IBKR TWS you simply roll the whole spread to the new date and strikes you want. IBKR makes it one operation.
I just executed a flip roll for the first time. Had 50 OCT1 -c790/+c840 that was definitely challenged. Used the opportunity this morning to turn that into 100 -p760/+p700 for 1.60 credit. Now that I closed out all my calls (except a few CC's that are ITM), we can now resume moving up....
Similar threads
