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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
corduroy
Active Member
STO 10/29 BCS -1050/+1150 $3
Edit: Added some BPS -845/745 to leg into ICs
Edit: Added some BPS -845/745 to leg into ICs
Last edited:
The Hertz news is probably causing a significant bump, which is silly if you think about it, because Tesla is already production constrained, so sales/revenue doesn't increase.
Wow, was able to buy back my 1050/1150 bear call spreads at open and sell them at 1100/1200 at the same price just a couple minutes later. Wish I’d done the same thing with my covered calls at $1050, but still feeling pretty solid with those.
Tesla did say that they are planning to increase Fremont production by 50%...
BrownOuttaSpec
Active Member
Opened 895/845 and 860/810 this morning. Not sure how close to the sun they are for you. I have limit orders to close my 795/745 from last week also.
Knightshade
Well-Known Member
pz1975
Active Member
I sold some 1200cc a little while ago. That seems quite safe to me for this week.
I’m just keeping my BPS I sold Friday and mostly watching. When the SP moves fast it is the most dangerous time to be selling options - both puts and calls. The SP will stagnate again eventually and the IV will probably higher when it does since it will be after a period of big move(s). Then we will be able to make even bigger $ again selling options.
My not-advice recommendation is just to be patient for now and accept lower profits until things stabilize.
I’m just keeping my BPS I sold Friday and mostly watching. When the SP moves fast it is the most dangerous time to be selling options - both puts and calls. The SP will stagnate again eventually and the IV will probably higher when it does since it will be after a period of big move(s). Then we will be able to make even bigger $ again selling options.
My not-advice recommendation is just to be patient for now and accept lower profits until things stabilize.
Call me Icarus. I've been buying ATM or near the money BPS since Friday, and am doing more of those now. I put on 11/12 990/1000 BPS at $9 that is looking like not such a hail mary right now. Closed a LOT of positions this morning and reopened more assuming that we're going to hold 950. I don't think we run out of gas until 1000, which I expect no later than next week (if not today the way things are going!).
jeewee3000
Active Member
Closed my Nov6th -900/+850 BPS @60% profit (only held it since Friday, I can resell it in case of a dip.
Sold 1050, 1150 and 1250 cc's for this friday. The 1050 can be executed for all I care to grant me some cash to sell BPS against upon later dips.
The 1150 and 1250's I don't see triggering, but you never know.
Sold 1050, 1150 and 1250 cc's for this friday. The 1050 can be executed for all I care to grant me some cash to sell BPS against upon later dips.
The 1150 and 1250's I don't see triggering, but you never know.
mickificki
Member
Did the same, sold 1050 and 1100's. And have been adjusting my mindset to welcoming getting called away (this is for my ira), and turning around and selling BPS. Adjusting my mindset to having no regrets has been difficult. I need to see it as another opportunity.
Sold $1250s for Dec 17th. Solid premiums, and if my shares get called for that much that's ok because $1200 is my magic number anyway.
Knightshade
Well-Known Member
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