I went with the old philosophy - If you don't know what to do, do half. I bought 1,000 shares before close at around 725. We'll see what happens tomorrow and Friday....
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Mon/Tue - the AH and pre-market Highs are approximately dictating what is the day's High
Wed - the pre-market High is the Close
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Looking at this week only, OI from 720 to 735 tightened, put and call walls at 700 and 750 strengthened, interest to 800 seems to be thinning. Barring CPI influence and other news, we had three days of slight call bias, enough sideways trading for Friday to close +/- 10 of where we sit ?
That’s the way it looks now, but I think the CPI report coming out on Friday will move the market and TSLA along with it. I don’t have a prediction on which way though.
So I will be wary of holding options over Thursday-Friday night.
jeewee3000
Active Member
Strong pre-market for now, possibly due to China numbers. What do you guys think, will this pop on open and stay flat/drop or are we setting up for a +5% day?
Need to know if I want to open extra cc's on open
. Slightly hesitant because of CPI tomorrow. If the market is happy with CPI we could soar.
Need to know if I want to open extra cc's on open
. Slightly hesitant because of CPI tomorrow. If the market is happy with CPI we could soar.
corduroy
Active Member
What strikes and expirations, if you don't mind sharing?
Sure, they were $890's expiring 6/10 so not a huge surprise. Had been managing and trying to roll but wasn't really getting anywhere.
I check my email every morning expecting to see my 6/17 975/775 BPSs to be assigned but nothing yet. Waiting for SP 800 to close them out.
jeewee3000
Active Member
Regarding assignment, I take it the biggest danger is in the final week before expiration. Happened to me and many others already, and in I believe at least 90% of cases it only happens in the last days before expiration. (And if DITM = no time value , of course).
Would be very interesting to have data on how often early assignment happens say a month before expiration.
TL;DR: if you want to manage a DITM position, do it >7 DTE.
Would be very interesting to have data on how often early assignment happens say a month before expiration.
TL;DR: if you want to manage a DITM position, do it >7 DTE.
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jeewee3000
Active Member
Expecting similar price action today compared to the last few days: early peak of SP (now) and drifting later in the day.
Sold a $750cc @ $13 to day trade this expected move.
You can thank me when we surge.
Sold a $750cc @ $13 to day trade this expected move.
You can thank me when we surge.
bkp_duke
Well-Known Member
Your timing . . . like 60s after you posted this we sliced upward through 750.
jeewee3000
Active Member
At least it's not as bad as @BornToFly
.I'm not too worried. Will very likely be able to close these out today at a profit when TSLA's rise is capped. The other thread will complain, I will gain.
Knightshade
Well-Known Member
FWIW closed whole thing at 0.25 net debit yesterday for just over 90% profit- between china #s incoming and CPI Friday I was fine leaving the last few pennies on the table
jeewee3000
Active Member
Note to self: wait 1 hour after open before trading.
(OTOH, often the open is the best time of the day for a quick trade, so I don't regret nothing.)
(OTOH, often the open is the best time of the day for a quick trade, so I don't regret nothing.)
I think the #1 thing we have learned over the last year is to not fly too close to the sun, and stay away from being too greedy.
jeewee3000
Active Member
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