Last Friday, I said the same thing about $850 for this week.
I'd think resistance should get stiffer in the $900s - especially as we approach $1,000. But hey, it's TSLA.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
I'd think resistance should get stiffer in the $900s - especially as we approach $1,000. But hey, it's TSLA.
always unpredictable with TSLAI'd think resistance should get stiffer in the $900s - especially as we approach $1,000. But hey, it's TSLA.
. S&P up 6% and QQQ up 9% for the week too.
InTheShadows
Active Member
I agree. The thing is, we know this works. This week was the week the can was done being kicked down the road and ugh, it was brutal.
The past two months have been gut wretching and I really wished I would have kicked stuff out another month to April, I think that would have saved some of my trades that went bad.
Moving forward I will be taking around half of the income I generate and buying stock with it.
Another bad thing I did was convert some stuff to calls in Dec when we were way over sold. Those DITM calls expired today and most of them were ATM and slightly OTM. Of course I sold them Tuesday and Wednesday trying to salvage a little from them. The 800’s are the ones that hurt the most. Sold them for 17.50. But Tuesday morning was looking awful.
I think I should be close to where I was early December by the end of this year.
InTheShadows
Active Member
I’m also concerned about Elon’s Master Plan part 3. I know it’s going to be fantastic, however I personally feel it will be heavily weighted toward AI and the robot. This, I don’t think the market will understand and could potentially give us another Q1 Earnings reaction.
Yeah this is insane. The sentiment has completely turned around. I guess the bear market, possible recession and the war got cancelled.
Been at work work so less trading and monitoring this forum.
Anyways I closed out all BPS Wednesday morning with just over 70%. Being extremely careful with strikes and quantity. Would rather make less then worry or take a loss.
Keeping true to my rule of selling BPS on strength (down days) I have nothing open since last few days been ups. No income, no problem as my long shares got nice recovery.
No CCs either as risk reward isn’t there for me.
Anyways I closed out all BPS Wednesday morning with just over 70%. Being extremely careful with strikes and quantity. Would rather make less then worry or take a loss.
Keeping true to my rule of selling BPS on strength (down days) I have nothing open since last few days been ups. No income, no problem as my long shares got nice recovery.
No CCs either as risk reward isn’t there for me.
Rumours say that MOEX will open on monday.
Not sure if it will have much effect on global markets, russian securities listed elsewhere have pretty much been sold now. I would expect a selloff in Russia, but you never know these things..
Not sure if it will have much effect on global markets, russian securities listed elsewhere have pretty much been sold now. I would expect a selloff in Russia, but you never know these things..
What a crazy week... Like most, I expected a pull-back on the interest rate rise, and most days the Futures and Pre-Market numbers pointed in that direction, even early Main Market was mostly down, then BOOM! Every. Single. Day.
So I'm caught with AAPL -c155's, GOOGL -c2650's & TSLA -c850's
At least the underlying LEAPS go up in value to compensate... from here I'll just roll up and out, I struggle to see a recovery given the way things are right now, and I fear to sell puts in case we dump down fast again
Very risky time to be trading with these massive swings
So I'm caught with AAPL -c155's, GOOGL -c2650's & TSLA -c850's
At least the underlying LEAPS go up in value to compensate... from here I'll just roll up and out, I struggle to see a recovery given the way things are right now, and I fear to sell puts in case we dump down fast again
Very risky time to be trading with these massive swings
Last edited:
I BOUGHT some 850 puts before close. Just small, just a hedge, but i got my butt ripped open too many times over the weekend. Last time was Putin starting a war
.Will sell at the open if nothing happens and take the few k losses.
I still have some rolled -970c for next week, but the underlying +900c also expiring next week causes this to form a bull call spread that is hopefully printing big in this environment.
How did I end up with that? 1 month ago I bought the 900c, then sold 900c weeklies against it every week. When I saw that we might beach 900 on Friday I rolled up and out for minimal credit and ended on 970.
I paid ~20 for the 900c's, sold ~15 in -900c's over time and now have 900c @~30, -970c@~-4, originally rolled from -1.
Max loss (<900 on Friday): ~5, max gain (>970): ~65 all combined. Needles to say I like the odds.
I tried something similar buying some March 18 c850's and selling weeklies against them, hard to work-out if that got my anywhere as I was selling against my other LEAPs too, but I got the impression it wasn't a great strategy - even worse I sold them way too soon this week - another casualty of the crazy markets
john tanglewoo
2012 Roadster Owner
Closed out of my 2nd CSP in as many weeks, this time up just over 80% in 5 days! 4 contracts of the April 14 660. Got them at 19.14, closed them at 3.88!
Decided not to roll so as to look for a fresh entry. Love the never-ending analysis on this thread! Very helpful.
Decided not to roll so as to look for a fresh entry. Love the never-ending analysis on this thread! Very helpful.
Xepa777
Banned
Tesla up 18% this week and is over $900 again? Yup I’m back in the call selling game. Glad to be here
Just don't try to pick up pennies before a steamroller for too long ....
Are we going to have 12 straight green days?Last Friday, I said the same thing about $850 for this week.
Back into catch up mode on CC, going to be more patient this time (currently have $850 and $895 for 3/25). The last two weeks of trading have proven to me the advantages of rolling before getting very far ITM — better strike improvements and credit potential when OTM up to $5 ITM, after that it’s mostly just getting a delay. That means making moves Tue/Wed this week after market digests Monday’s action (whatever that will be).
I’m still hesitating to roll CCs as soon ah they get ITM or wait on Friday near close.
For my underwater puts it’s easy I rolled them to July so I just wait they get above 1050nand close them break even and open new one
Long-term rolls for CC may be more called for if we’re in an updraft, I just hesitate to do that hoping for momentary reversals to let me exit, and to try to avoid prolonged periods of no/low income. I bought extra shares $975-$1075 to increase number of contracts covered and uncovered, and plan to let those go at $1200, so I’ll just keep rolling up to that point, if needed. Guess I’ll look further out at $1200 to see if that’s attractive for the next roll.
Will be a very interesting week for my 3/25 -935CC I guess... I'd rather close OTM on Friday than roll, Tuesday/Wednesday are going to be telling. Kinda hoping for a sell the news this week to reposition.
Our friend MaxPain seems to think we will close @ 845 on Friday... I don't trust that one at all. Looking at the max pain volume chart it looks like 920, 950 and then 1000 are the battlegrounds based on today's data. Will be interesting to watch how that pans out the rest of the week...
Our friend MaxPain seems to think we will close @ 845 on Friday... I don't trust that one at all. Looking at the max pain volume chart it looks like 920, 950 and then 1000 are the battlegrounds based on today's data. Will be interesting to watch how that pans out the rest of the week...
Last edited:
Last week I rolled 800 to this week 815, looking for the buy back wiggle room. Now that these are left in the dust cloud of this strong upward momentum, protecting with a far out expiration and higher strike is next stop. The problem is whether we'll see a slight pullback to improve roll pricing. Being so DITM, going to give it a day or two before I make a strong commit on next strike and expiry.
Similar threads
