jeewee3000
Active Member
Sound reasoning but the Giga Berlin opening could also keep IV high, no?
It's an eventful week in the world of Tesla.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
It's an eventful week in the world of Tesla.
Rumor is Texas built model Y will be delivered to employees this month. I think that news will pump the stock.
corduroy
Active Member
Yes, I still feel like there is one key thing we are all missing.
I am so tempted to sell some calls to balance my put spreads... but what if at the Thursday shareholder event they announce that Austin is starting production? I can't get over a possibility like that.
bkp_duke
Well-Known Member
I looked at this possibility this AM as well. What I was comfortable with (860 and up) was paying peanuts, so I didn't view the risk worth it.
I too am wondering what the SP effect will be. I'm hoping that by tomorrow afternoon my 580/680 spreads will have dropped in value enough that I can roll them to next week before a possible SP spike. Right now they have about $1.25 in value left.
Knightshade
Well-Known Member
FWIW I closed my weekly BPSes within the last half hour or so.
I was over 80% profit and wanted to be out before the shareholder meeting.
It's entirely possible they announce Y production starting immediately and this was a mistake- but also possible they announce anything less than that and it was a smart move.
It was enough uncertainty I was ok with "only" 80% profit.
Specifically, these were 645/745 spreads, sold 10/1 for net credit of $13.74 a share, and rebought for net debit of $2.58 a share. 81.22% of max net profit.
My next decision is if I want to get back in Friday or not... shareholder meeting could obviously influence- but there's also the Berlin event Saturday that has a similar may or may not include disappointing or positive news factor...so I might wait for Monday... or depending on the shareholder meeting news sell more conservative ones Friday instead.
most of my BPS are around 80% profit right now. Im not terribly concerned about closing them today vs tomorrow, but I do want to close them tomorrow so I can write next week’s ones before the shareholder meeting. seems like a good binary event to take advantage of
bought 10x 10/15 700c from yesterdays order at the dip that triggered at open @86.60. Sold half on the rise @90, other half @92.5.
bought 10x 10/15 700c AGAIN @85 as we dipped AGAIN. Sold half @90, other half greedy @95 (that did not trigger -.- 92.5 would have).
Sold 10x 825c for this friday @1.06 near the top. closed half for 0.5.
Order for agressive 800c this friday @5.4 still open. I have 10 DITM call expiring next week to cover them. Would close those @800 anyway - but this way i get paid 5.4k if we dont meet that threshold until friday..
Otherwise i just close them as a spread.
Also kneeled deeper into my 750/700 BPS yesterday again @4 (the third i sold @2.5 got reopened @4) & sold the third again for 2.5 today. Will close another third for 2$ & reopen both @3 or so again.
So far 7.7k realized today while TSLA is basically ±0.
I really like the swings ..
bought 10x 10/15 700c AGAIN @85 as we dipped AGAIN. Sold half @90, other half greedy @95 (that did not trigger -.- 92.5 would have).
Sold 10x 825c for this friday @1.06 near the top. closed half for 0.5.
Order for agressive 800c this friday @5.4 still open. I have 10 DITM call expiring next week to cover them. Would close those @800 anyway - but this way i get paid 5.4k if we dont meet that threshold until friday..
Otherwise i just close them as a spread.Also kneeled deeper into my 750/700 BPS yesterday again @4 (the third i sold @2.5 got reopened @4) & sold the third again for 2.5 today. Will close another third for 2$ & reopen both @3 or so again.
So far 7.7k realized today while TSLA is basically ±0.
I really like the swings ..
mickificki
Member
so...was feeling awfully lonely and left out...so I THINK I "purchased" BPS...its also known as vertical put spreads, right? I sure hope so(I swear I looked it up)...
4 contracts 580/680 @ 5.00, exp 10/15 (btw, which number goes first, the long put or the short put?
)
4 contracts 580/680 @ 5.00, exp 10/15 (btw, which number goes first, the long put or the short put?
)
The die has been cast for earnings play.
Sold 10/29 730 Puts
Bought 10/29 800 Calls
Sold 10/29 900 Calls
2.25 net credit
Wondering if I deployed a little early as maybe Friday would have been best but I did sell two theta and bought one so hope it will work out.
Sold 10/29 730 Puts
Bought 10/29 800 Calls
Sold 10/29 900 Calls
2.25 net credit
Wondering if I deployed a little early as maybe Friday would have been best but I did sell two theta and bought one so hope it will work out.
ChefBoyardee
Member
Is there any reason not to let your account get flagged as a pattern day trader? I'm thinking about triggering it just to stop the messages from popping up every time I enter a new position this week 
Is there any reason not to let your account get flagged as a pattern day trader? I'm thinking about triggering it just to stop the messages from popping up every time I enter a new position this week
Nope, embrace it. Happens once per account and then you forget about it.
Don't let it determine your investment decisions.
Quick question - I had a buy limit for 10/15 p685's set to $6.95 at the SP rose from $779 to $785, the "last" ticked to $6.94, but my order didn't trigger - how can that be?
InTheShadows
Active Member
Mine are GTC for 80% to hit. This is my second round this week, my first round executed Monday am and I reopened them in the afternoon. They are between 50% & 59% right now.
Also, macro wise, the cloture vote on the clean debt limit bill already passed by the House is in the Senate this afternoon, which is almost guaranteed to be filibustered by Republicans. Even though I think default is still unlikely, and Republicans are signaling they'll allow Democrats to use reconciliation, I wouldn't be surprised if there's a negative market reaction on the news of the filibuster of the clean bill (the vote on which is expected sometime after 1PM EDT).
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Nearly identical to my trade, but I have a few short puts left at $730, which I'm riding out a bit.
I'm looking to open new BPSs today as I feel that the OI will dictate we won't see less than $750 next week, but going to open much lower as there could be some juicy volatility after the shareholder meeting and Berlin opening.
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