Wiki Selling TSLA Options - Be the House

[Yoona]

quick STO play at today's open

closing it now

 

[UltradoomY]

lol - they are trying hard to shake out the weak hands for sure!
Overnight they early assigned my -P $1120's
These were not for tomorrow but for 02/11 and still had $5 of time value left in them.

Definitely some shenanigans going on to force the market down - margin call as many as possible and what I am guessing is - get them back to work by making their gains evaporate.

I had these 90% backed by cash and only 30% of margin used for other things so now I just have more shares.
Was planning on selling CC's against them next week for $2k in 2024 but now I think I will just hold tight.
Feels like there will be good news on the horizon - only so many hits the market can take before money on the sidelines starts to find good deals.

Stay safe out there!
Cheers

Update - I just checked my cost basis on these Puts that were early assigned and they are $857..... between time value left and share price over cost basis, seems fishy.... Either way - Yay more shares and time for some WHEEL!

 

[EVCollies]

Just rolled my 2/4 BPS 800/600 to 2/11 770/570 @3 and picked up a few more with proceeds.
Holding onto my 2/18 BPS 880/580 for now but nervous...
My 2/25 BPS 1000/800 are far out enough that I feel safe but could be mistaken.

 

[chiller]

lol - they are trying hard to shake out the weak hands for sure!
Overnight they early assigned my -P $1120's
These were not for tomorrow but for 02/11 and still had $5 of time value left in them.

Hmm, they show 0 time value here?

 

[mongo]

for LEAPs as share replacement.. what would the not-advice here be about safe strikes?

Depends what you mean by safe.
I have DITM Jan 23 500s and Jun 23s 500s. Around double the swing per dollar as shares, with only $40-$60 of time value... back at 1040... So down more than stock, but expecting (hoping) them to go back up.

 

[OrthoSurg]

I was expecting TSLA to drop to 800 right after market open and here it is almost in the 900s. When I expect a sharp drop, it doesn’t happen. I am hesitating to roll my -p925 18/2 or wait.

 

[intelligator]

How do you all deal with the expensive roll propositions. Meaning, although I can roll 2/11 960/850 to September 900/750 down, out, and wide for credit, the cost of the short leg goes from 72$ to 161$ ... just makes a huge snowball to deal with if we for whatever reason are held down beyond September. Buying to close then would be a problem.

Alternatively I can close two almost similar spreads at a 10k loss.

 

[chiller]

It helps me to not think of it as rolling a position, but rather closing one, and opening another. Just take the loss, and open another position that you are happy with.

 

[corduroy]

I was expecting TSLA to drop to 800 right after market open and here it is almost in the 900s. When I expect a sharp drop, it doesn’t happen. I am hesitating to roll my -p925 18/2 or wait.

Tesla is showing a lot of strength this morning, fighting against growth macros, QQQ down, and relentless fake recall stories.

 

[mickificki]

Is it out of the realm of possibility that FB money is pouring into TSLA?

There’s also this:

https://twitter.com/x/status/1489244125547401221

https://twitter.com/x/status/1489269957749882882

 

[Chicagoguy]

Is it out of the realm of possibility that FB money is pouring into TSLA?

There’s also this:

https://twitter.com/x/status/1489244125547401221

Not all money will stay out of the market. Even with macro concerns, I'm sure funds are moving to safer equities that have a better chance of profit. Tesla, apple, google, even energy.

 

[Right_Said_Fred]

lol - they are trying hard to shake out the weak hands for sure!
Overnight they early assigned my -P $1120's
These were not for tomorrow but for 02/11 and still had $5 of time value left in them.

Definitely some shenanigans going on to force the market down - margin call as many as possible and what I am guessing is - get them back to work by making their gains evaporate.

I had these 90% backed by cash and only 30% of margin used for other things so now I just have more shares.
Was planning on selling CC's against them next week for $2k in 2024 but now I think I will just hold tight.
Feels like there will be good news on the horizon - only so many hits the market can take before money on the sidelines starts to find good deals.

Stay safe out there!
Cheers

It's very unlikely those puts still had $5 of time value left. Probably only $1 (look at what the c1120 for 2/11 was doing yesterday - $1- and this will approximately have been the time value left in a p1120 for that same date). When a put is that far ITM you have to keep an eye on the time value left. Anything under $2 becomes a risk and then it's time to roll out to a later date.

 

[ChefBoyardee]

Wow, wasn't expecting to see green today but this is great. Kindof looks like we're forming an inverted head n shoulders, and if we close above 928 we have an engulfing candle.

Also, yesterday I noticed a lot of shorts & FUD on Twitter. Contrarian indicator? lol

 

[BornToFly]

NASDAQ Red, TSLA green.... I'm so confused....

 

[mickificki]

NASDAQ Red, TSLA green.... I'm so confused....

Morgan Stanley note today, says they expect Tesla revenue to be larger than GM + Ford by 2027. Maybe a contributing factor?

 

[FS_FRA]

NASDAQ Red, TSLA green.... I'm so confused....

Maybe it's in celebration of Chinese New Year - the colors there are inverted (red = good, green = bad )


...I'll show myself to the door

 

[BornToFly]

NASDAQ Red, TSLA green.... I'm so confused....

Would I be giving to much credit to WallStreet that they figured out that Tesla is a better place to put their money than FB, Netflix, etc....?

 

[ReddyLeaf]

Lots of doom & gloom overnight, better in the light of day. I still think MaxPain is in control for this week (925+/-5), so sold a few -c950s & -c955s for $5-$6.xx. Will roll if needed. Still holding lots of Sep22 -p1000s, Jan23 -p1100s, and one 2/4 -p900 that I will only roll at less than $0.20. Willing to take the shares, but would rather take $15/wk selling well-timed ATM puts. I need some real profits to make back those crazy “realized” losses (vs all those “unrealized” future profits). I finally went back to the spreadsheet, wow, nothing like an early January 5-figure “realized” gain turning into 6-figure “realized” loss last Friday. Ouch. All cash secured puts, so will roll again if needed.

 

[WattsHappening]

I rolled my 2/4 CC1100s down to 2/4 CC1005s this morning for a $1.25 credit.

Come on Wall Street; I dare you to take my shares.

 

[Yoona]

2/18 -p850 prem:

tempting at $9.30/wk or even just daytrading it @50% - someone stop meeeeeeeeeeee