Indices (SPX and QQQ) sitting at their weekly chart support levels, which are overall still showing bull trends. So, if there is a further breakdown, signaling the possible end of their bull markets, I don’t know if it’ll just last a couple weeks. Curious to know what indicators you keep an eye on.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
I agree with others and would add that you can keep rolling as it will eventually get back to ATH sooner rather than later. I'm more confident about that happening a week after earnings though and I've placed my trades accordingly. I think @BornToFly said it recently that "waiting is the hardest part" and patience. But theta burn helps with that.
Knightshade
Well-Known Member
Well, for something THAT DITM extrinsic is probably about 0, which I think I already covered.
But for anything with extrinsic left, which sounds like what the OP was asking about-- stuff that's not CRAZY deep ITM... you'd STILL be better off selling the calls (you won't have to actually pay the LT tax bill till next year anyway)-- then buying shares the same day to start a clock on them.
Though really if you're ONLY buying shares because you want to capture the gain between now and next year when you'll need money- buying shares doesn't make sense either... you'd just buy yourself more LEAPs-- long as you hold them the same 12+ months then sell you can capture the same delta between now and then at the same tax rate- PLUS get back the extrinsic left in your original LEAPs- PLUS need less $ -now- to get the same delta exposure compared to holding shares... in fact you could almost certainly get yourself higher delta exposure that way.
FYI, for those of you that like to know what earning and financial events is going on next week.
Earnings: Commercial Metals, Accolade, Tilray
10:00 a.m. Wholesale trade
Tuesday
Earnings: Albertsons
6:00 a.m. NFIB survey
9:30 a.m. Kansas City Fed President Esther George
10:00 a.m. Fed Chairman Jerome Powell nomination hearing before Senate Committee on Banking, Housing, and Urban Affairs
4:00 p.m. St. Louis Fed President James Bullard
Wednesday
Earnings: Jefferies Financial, Infosys, KB Home, Wipro
8:30 a.m. CPI
2:00 p.m. Federal budget
2:00 p.m. Beige book
Thursday
Earnings: Delta Air Lines, Taiwan Semiconductor
8:30 a.m. Initial claims
8:30 a.m. PPI
10:00 a.m. Fed Governor Lael Brainard nomination hearing for Fed vice chair before Senate Committee on Banking, Housing, and Urban Affairs
12:00 p.m. Richmond Fed President Thomas Barkin
1:00 p.m. Chicago Fed President Charles Evans
Friday
Earnings: JPMorgan Chase, BlackRock,Citigroup, Wells Fargo
8:30 a.m. Retail sales
8:30 a.m. Import prices
9:15 a.m. Industrial production
10:00 a.m. Consumer sentiment
10:00 a.m. Business inventories
11:00 a.m. New York Fed President John Williams
Source:
What to watch in the markets in the week ahead
Inflation, rising rates and the Federal Reserve could whip stocks around in the week ahead
Week ahead calendar
MondayEarnings: Commercial Metals, Accolade, Tilray
10:00 a.m. Wholesale trade
Tuesday
Earnings: Albertsons
6:00 a.m. NFIB survey
9:30 a.m. Kansas City Fed President Esther George
10:00 a.m. Fed Chairman Jerome Powell nomination hearing before Senate Committee on Banking, Housing, and Urban Affairs
4:00 p.m. St. Louis Fed President James Bullard
Wednesday
Earnings: Jefferies Financial, Infosys, KB Home, Wipro
8:30 a.m. CPI
2:00 p.m. Federal budget
2:00 p.m. Beige book
Thursday
Earnings: Delta Air Lines, Taiwan Semiconductor
8:30 a.m. Initial claims
8:30 a.m. PPI
10:00 a.m. Fed Governor Lael Brainard nomination hearing for Fed vice chair before Senate Committee on Banking, Housing, and Urban Affairs
12:00 p.m. Richmond Fed President Thomas Barkin
1:00 p.m. Chicago Fed President Charles Evans
Friday
Earnings: JPMorgan Chase, BlackRock,Citigroup, Wells Fargo
8:30 a.m. Retail sales
8:30 a.m. Import prices
9:15 a.m. Industrial production
10:00 a.m. Consumer sentiment
10:00 a.m. Business inventories
11:00 a.m. New York Fed President John Williams
Source:
What to watch in the markets in the week ahead
Inflation, rising rates and the Federal Reserve could whip stocks around in the week ahead
Echoing what many have written over the weekend, my 1/14 -990/+790 BPS could really do with a nice Green Day. Currently they are looking like *sugar*...
This morning I'm considering:
1. 1-week roll for credit at same strikes
2. roll as far as needed to get below -900/+700 for credit (this is my weak-macros play)
3. do nothing for another day or so
4. other not-advice ideas ? (BCS, IC, roll just the ITM short, etc.)
Not that it is ever really indicative, but Frankfurt is up 2% in early trading:
This morning I'm considering:
1. 1-week roll for credit at same strikes
2. roll as far as needed to get below -900/+700 for credit (this is my weak-macros play)
3. do nothing for another day or so
4. other not-advice ideas ? (BCS, IC, roll just the ITM short, etc.)
Not that it is ever really indicative, but Frankfurt is up 2% in early trading:
OK, my IBKR TWS is or doing something wrong, or fudging me over. I bought Feb25 800 puts for 15.48 a piece and they were at close 19.41. But they show up deep red affecting my margin bc somewhere over the weekend it thinks the market price is 11.70?
Now, I do understand that we are getting closer to the 25th of February, but with the SP barely nudging in after- and pre-market, I have a hard time believing this 11.70 is remotely true. I hope.
Now, I do understand that we are getting closer to the 25th of February, but with the SP barely nudging in after- and pre-market, I have a hard time believing this 11.70 is remotely true. I hope.
I've got -1100/+800 bps for 1/14 and I'm not that worried.. these can be rolled still at 950.
If we dip below 1000 then I'll roll.. but for now looking ahead, I'm quite bullish for this week.
Yes, I got -1100p's early last week too because that looked like a good option for this week.
Not so much right now
Options prices don’t change outside of normal market hours, so that seems like a glitch to me. Theta is only $0.55 for that option, so it should open at $18 give or take today - assuming no big stock price move
Looks like we go lower before any kind of rally. I posit that few if any predicted the price action of the past week with TSLA. I sold some BCS last Monday with trepidation and some CCs that have obviously fared well, but not on the basis that I thought the entire rally would collapse and be erased, but in the belief that it would stall for earnings. The BPS I sold on the never ending dips afterwards all look sick.
I believe that has many of us rattled here. TSLA executed well beyond even bullish expectations and is getting hammered ostensibly over a quarter or half a point of interest rates. I expected a beat down at some point, but timing is everything and the timing here is tough to swallow. But that is how the market works.
Should be an interesting week.
I believe that has many of us rattled here. TSLA executed well beyond even bullish expectations and is getting hammered ostensibly over a quarter or half a point of interest rates. I expected a beat down at some point, but timing is everything and the timing here is tough to swallow. But that is how the market works.
Should be an interesting week.
i suspect this -p900/+p800 is safe this week at 4 DTE, just need to ride out the storm
waiting to IC it on -c1200/+c1300 (delta 5, 20% OTM)
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