Wiki Selling TSLA Options - Be the House

[mickificki]

Let us know where/when you go next so I can research it and see if something similar works for my strategy.... your crystal ball is treating me pretty well too (Although MUCH smaller scale) . Maybe our slack channel is better/more discrete?

Hey don't forget about me in your slack channel.

Hmm...+86% on my 720/620 BPS...hold till friday or close now...

 

[dl003]

Hey don't forget about me in your slack channel.

Hmm...+86% on my 720/620 BPS...hold till friday or close now...

A middle road would be to roll the 720s down to 700, spending $11 for $2k cushion a piece.

 

[BrownOuttaSpec]

Hey don't forget about me in your slack channel.

Hmm...+86% on my 720/620 BPS...hold till friday or close now...

Everyone here is welcome to join. The link was on a earlier post:

Slack

join.slack.com

The reason was we didn't want all of our trades to be public, not like it matters yet but once we are all MM's then it might be an issue

 

[ammulder]

Well... I'm out of all my 8/22 put spreads at 80-90%. I sold about half the normal number of 8/29s between yesterday and today. Premiums were "OK" given the distance from the stock price, though given the uncertainty I'd rather have been farther away. If there's a drop tomorrow I'm hoping for 5% or less, and I'll sell the other half of my spreads. But the stock could go sideways, could go up, so hard to predict. If the drop is more than 5% I plan to buy back short legs first thing and let long legs ride a bit.

This week I'm really just hoping to make my income goal, whereas the past couple weeks I've been aggressively exceeding it.

 

[Yoona]

starts in 5 mins

 

[EnzoXYZ]

I don’t see why we would drop much if the earnings is good to decent. Still have all positions open. Will make new trades for next week tomorrow before market close.

 

[MikeC]

Good luck, everyone. This is my first ER as a serious option seller. Makes it even more exciting than usual!

 

[Tslynk67]

https://tesla-cdn.thron.com/static/TWPKBV_TSLA_Q3_2021_Quarterly_Update_SI1AKE.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q3-2021-Quarterly-Update.pdf%22

It's a beat across the board (except FCF slightly down yoy), but is it a big enough beat to send $TSLA

I think it's good enough to continue the steady run up, but expect some volatility this week, as usual

 

[PastorDave]

The past 6 quarters we dropped an average of -2.7% the day after earnings (all with earnings beats). If (and that's a big if) that pattern holds, and we close around $865 today, tomorrow we would drop to $842.

We also have 2 gaps to close, one right around that level, and another one at about 820:

 

[AquaY]

I'm out of my positions as well. Premiums were so small that it just wasn't worth it.

Same. Dry powder at the ready now.

I am letting the rest of my 10/22 BPS ride out to Friday. I have plenty of uncommitted margin and plan on mostly holding off until after earnings. I figure why close out for 90 % when I don‘t need the capital and if I want to I can put on more positions for next week as I see fit.
I did sell a small amount of BPS for 10/29 for a small credit figuring these are very safe and still a 3% return

STO 30 X 740/690 for $1.65
It’s a 3% return and the strike is over 14% OTM. Worst thing I think could happen is premiums rise and I left money on the table

 

[CHGolferJim]

To risk mitigate a bit, BTC 1/2 of 102221C840 contracts and STO same number of 102921C860 at $0.00 net credit (via GTC at ~2:30 ET at BTC price; at closing, last trades of the two show a net debit of $6.50). Now have only the remaining 1/2 of 10/22 covered calls to fiddle after ER. Objective is to hold the shares without rolling out too far.

 

[Tslynk67]

After some initial swings, AH has steadied, which is unusual, I guess it's being receive as "mostly positive"

 

[AquaY]

The 1.86 EPS is going to show up in the headlines as a match or slight beat I expect, not a big beat / success.

So as a long term buy and hold investor I love what I see right off the bat. Pretty much because it sums up as "execution and forward progress right on track".


But in the very short term, I think down is far more likely than up tomorrow. In a week or 3 I have no trouble seeing the shares heading back up again. But tomorrow I expect the immediate reaction to be sell-the-news on a match.

After hours is off $7ish so far, to whatever degree you grant after hours as meaningful.

Several years ago I remember AAPL constantly beating estimates and dropping after earnings were reported.
I read an article that said to the effect that AAPL didn’t beat the streets estimates as much as they were expected to beat them!

IMO we could also see profit taking for the next day or two but afterwards the SP should be back on the rise

 

[EnzoXYZ]

Several years ago I remember AAPL constantly beating estimates and dropping after earnings were reported.
I read an article that said to the effect that AAPL didn’t beat the streets estimates as much as they were expected to beat them!

IMO we could also see profit taking for the next day or two but afterwards the SP should be back on the rise

Yup I’m betting on this and failed to mention I opened BCS to form ICs this morning. All 970+ for end of this week.

Slow and steady wins the House race.

 

[adiggs]

Yup I’m betting on this and failed to mention I opened BCS to form ICs this morning. All 970+ for end of this week.

Slow and steady wins the House race.

BCS - good call. I even thought about that earlier today and didn't act. The call credit spreads have been out of my wheelhouse and thought process for a few months now.

 

[InTheShadows]

All I gotta say is boo yah to the short strangles and straddles that were opened today!

 

[Drezil]

All I gotta say is boo yah to the short strangles and straddles that were opened today!

Well.. i only experimented .. so i only raked in 13k at max with my ironfly

I hope we will jump higher the next days/next week, as price-targets from various analysts will get corrected.

 

[juanmedina]

So far it seems that all my BPS, BCS, CC and LCC's will expire worthless. If that happens it will be my best week ever .

 

[BornToFly]

Planning to use my margin to open iron condors tomorrow for next week, without closing out my BPS for this Friday. Will see the SP after the morning dip, but probably something like 700/750 and 950/1000

 

[euro2012]

Assuming the stock price dips tomorrow and possibly Friday, followed by strengthening Monday and throughout next week, would it not be better to open the BPS side of the condor tomorrow, but wait on the BCS until Monday-ish (on the recovery side)?