scubastevo80
Member
I just rolled our 1050/960s out to the 28th for a 0.10 credit. Still hopeful the earnings report can counteract this macro pressure we're all feeling.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
jeewee3000
Active Member
I too believe we will end the week above $1000, but have no interest in gambling.
To those that are pessimistic in this regard, would you dare sell $1000 1/14 cc's? That's right
To those that are pessimistic in this regard, would you dare sell $1000 1/14 cc's? That's right
We held 980 three times(triple bottom anyone?), looks like that is our very short term support. I doubt the bears will give up.
yeah, NDX (below) makes me worry a lot
Rolled 01/14 -1040/+840 to 01/21 -1030/+830 for a small credit
Rolled 01/14 -1030/+830 to 01/28 -990/+790 for even money
Keeping 01/14 -990/+790 for now
BrownOuttaSpec
Active Member
Rolled my 1/14 -1000/+850 to 1/21 -980/+830 for a small $1 credit.
I appreciate you posting your reasoning. I choose the 1/21 week for a 'buy the rumor' lead up to earning day.
Edit: In hindsight I probably shouldn't have rolled down since I gave up a lot of premium and I feel like we will be way higher than 1050 and not between 980 and 1000 by next week. we'll see how it plays out.
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bkp_duke
Well-Known Member
Since my 980/1030 BPS's went almost to max loss this AM, I decided to just say "screw it" and I'm going to watch things for now. Given how the NASDAQ is continuing to drop this AM but TSLA is fighting back, I'll take that is a slightly positive sign that there are buyers in the sidelines that are starting to enter.
Now . . . we just need some leaked earnings estimates or the like (Austin go live, Berlin go live, etc.).
Now . . . we just need some leaked earnings estimates or the like (Austin go live, Berlin go live, etc.).
ChefBoyardee
Member
This feels like the bottom for TSLA. During macro selloffs, at some point people start selectively buying winners before the rest of the market has rebounded. My hypothesis is this is what we're seeing with TSLA - rebounding SP while the market falls. Based on that, I'm keeping my ITM positions for the 28th open
Closed my call spread hedge
Rolled my 1090/1050's for this week to March 1000/950
Holding on to my 1090/1050's for Jan 28 (the bigger position)
Closed my call spread hedge
Rolled my 1090/1050's for this week to March 1000/950
Holding on to my 1090/1050's for Jan 28 (the bigger position)
BrownOuttaSpec
Active Member
Looks like "they" got us all this morning on that head fake to roll our spreads. Good for you for not panicking.
Everything is rolled to 1/28. I now have
200X 1100/800 - mid spread 950
300X 1050/800 - mid spread 925
400X 1050/850 - mid spread 950
100X 900/750 - mid spread 825
Total Credit for all the rolls $546k, which makes me unhappy because if macro had behaved I would have walked away from January with a lot more profit. Of course this assumes we are 1100+ after earnings. The potential losses are piling up if things go south which would make me REALLY unhappy. I ended up NOT reducing the total number of spreads (definitely taking a gamble here). I wanted to end January with all positions OTM so that I can get further from the SP for the spring time drop. If I'm still stuck, things could get ugly in a few months.
In my mom's IRA I rolled down her 1000/800 for Friday to 1/28 950/700 - mid spread 825 - for decent credit (can't remember exactly how much).
200X 1100/800 - mid spread 950
300X 1050/800 - mid spread 925
400X 1050/850 - mid spread 950
100X 900/750 - mid spread 825
Total Credit for all the rolls $546k, which makes me unhappy because if macro had behaved I would have walked away from January with a lot more profit. Of course this assumes we are 1100+ after earnings. The potential losses are piling up if things go south which would make me REALLY unhappy. I ended up NOT reducing the total number of spreads (definitely taking a gamble here). I wanted to end January with all positions OTM so that I can get further from the SP for the spring time drop. If I'm still stuck, things could get ugly in a few months.
In my mom's IRA I rolled down her 1000/800 for Friday to 1/28 950/700 - mid spread 825 - for decent credit (can't remember exactly how much).
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If it was closer to $65-$70 I’d probably consider it.I too believe we will end the week above $1000, but have no interest in gambling.
To those that are pessimistic in this regard, would you dare sell $1000 1/14 cc's? That's right
I also rolled everything to 28/1 for a credit.
I get too old for this stuff ...
Also opened some 1150CC against 50% of my 21/1 1050C .. doubt we hit that high. If we do i am happy to take profits on the 1050C before they get way to expensive due to theta.
I get too old for this stuff ...
Also opened some 1150CC against 50% of my 21/1 1050C .. doubt we hit that high. If we do i am happy to take profits on the 1050C before they get way to expensive due to theta.
1/14 IC is +p800/-p900/-c1200/+c1300
300 wide and still inside 1 STD DEV
probability OTM is 84-97%
I've been assessing roll options on my 1050/1000 1/14, and was doing so when both legs were ITM. Seem to still have a few reasonable split flip roll options.
One example: 170x 1050/1000 BPS to 85x 880/980 1040/1140 IC. Cumulative credit on the 170x BPS would now be ~$2.5/contract (or $0.83/week given it would be managed for a three week period now). While it doesn't cut my margin/max loss in half like I usually would do, it does move an ITM $50 spread BPS to an OTM $100 spread IC.
Also looking at 1200/1135 1/14 BPS roll options and that is likely a 1 week $5 widen. Just keep slowly doing that until at least the bought leg gets back ITM where more interesting roll options can open up again.
That said, I am waiting at least through Wednesday to pull any triggers. The fact that TSLA was at session highs while QQQs were at session lows was interesting. QQQs need another -3.5% to hit their macro support level (356) and to complete what would be 10-15% correction.
One example: 170x 1050/1000 BPS to 85x 880/980 1040/1140 IC. Cumulative credit on the 170x BPS would now be ~$2.5/contract (or $0.83/week given it would be managed for a three week period now). While it doesn't cut my margin/max loss in half like I usually would do, it does move an ITM $50 spread BPS to an OTM $100 spread IC.
Also looking at 1200/1135 1/14 BPS roll options and that is likely a 1 week $5 widen. Just keep slowly doing that until at least the bought leg gets back ITM where more interesting roll options can open up again.
That said, I am waiting at least through Wednesday to pull any triggers. The fact that TSLA was at session highs while QQQs were at session lows was interesting. QQQs need another -3.5% to hit their macro support level (356) and to complete what would be 10-15% correction.
corduroy
Active Member
I'm also holding off rolling my -980s. It's encouraging that we are keeping the $990-$1,000 range right now.
I did make an unintentional day trade, sold some 1/14 890/880 5 minutes after open then bought back 20 minutes later for 35% profit.
Knightshade
Well-Known Member
Rolled my spreads (-1040/+940 in one account to -1010/+910; And -1030/+920 in other to -1000/+895) all from 1/14 to 1/28 for a tiny debit, still up around $12/sh net credit from when opened (these were all originally opened with higher short legs Jan 4 then rolled out/down for a significant credit Jan 6)....
I thought it was more possible it'd dip below halfway of the current spreads if macro beatings continued this week (it already had reached 50%, on the higher spread) than it was we'd remain down here post ER- thus roll to other side of it.
Yeah I could've waited a bit longer (esp the lower spread) but First Rule Of Spread Club is don't lose money.
I thought it was more possible it'd dip below halfway of the current spreads if macro beatings continued this week (it already had reached 50%, on the higher spread) than it was we'd remain down here post ER- thus roll to other side of it.
Yeah I could've waited a bit longer (esp the lower spread) but First Rule Of Spread Club is don't lose money.
Well I'm happy to report that my jan14 1200/1400bcs are looking good!
IBKR margin is witchcraft, the 800 puts are now worth 24,45 so they're super green, but that wasn't enough to avoid IBKR thanking one sold 1100 put for its service. Closed the corresponding 980 puts since I'm not that pessimistic that they will end up ITM. And rolled the other 1100/980bps to 21/01 for now.
I still have a jan14 1000/800bps.
IBKR margin is witchcraft, the 800 puts are now worth 24,45 so they're super green, but that wasn't enough to avoid IBKR thanking one sold 1100 put for its service. Closed the corresponding 980 puts since I'm not that pessimistic that they will end up ITM. And rolled the other 1100/980bps to 21/01 for now.
I still have a jan14 1000/800bps.
already up 13% in 1 hrmy gut feel is TSLAby 1/21; i was even checking out this morning 1/21 -p1000/+p800 for quick IV fix and ~50% BTC
Rolled -1050/940 to 1/28 -1050/950 for $1 credit.I have for next week
-950/850 (a roll from 880 week)
-1020/920 (a roll from last week)
-1050/940
Not stressed out too much yet. May need some rolling, but don’t look too bad.
May change my opinion if we get to 900
Keeping the other 2 bps for now.
Rolled 15 1150 & 1180 puts from 1/21 to Feb/Mar and used extra premium to cut the number to 13 to get extra margin.
Yoona is suited for big profits! You have the right skills! When others panic and roll their $1000 put, Yoona buys them when it’s at the bottom and score big profits! That takes skills, patience and options muscles! Good job Yoona!
That's Master
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