I imagine tech millionaires drunkenly setting off bottle rockets and buying crypto, shouting To the Moon!
Just hope there’s no hangover tomorrow
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
I imagine tech millionaires drunkenly setting off bottle rockets and buying crypto, shouting To the Moon!
Just hope there’s no hangover tomorrow
This week in options. SPY, QQQ, IWM, Tesla
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"Options, which have underpriced moves in the stock (higher and lower) during its large swings of the past year are now pricing about a 15% move for the rest of July and about a 35% move by year end."
jeewee3000
Active Member
BTO some 7/8 $750calls @0.77. Expecting this to be the bottom. (EDIT: not planning to hold until expiration. Just a quick trade)
TheTalkingMule
Distributed Energy Enthusiast
This is the part of the week where I say there's no 7/8 BPS with premium worth selling.....and Yoona posts a +45% day trade.
I'll be looking to jump into 7/15 BPS on Wednesday at $500/400. Hopefully we're sitting at $630.....then obviously close the week at $795.
I'll be looking to jump into 7/15 BPS on Wednesday at $500/400. Hopefully we're sitting at $630.....then obviously close the week at $795.
Knightshade
Well-Known Member
I'm (by far) no Yoona... but I sold BPS for 7/8 -550/+450 for $1.69 and it's up ~30% after an hour if that helps!
Sold 07/08 -p650 for $20 when sp dipped to around 652. Just too tempting.
If this gets assigned, I really don't mind buying shares at 630
If this gets assigned, I really don't mind buying shares at 630
corduroy
Active Member
I sold some -560/460s for $2.2 and got out at $1 for a quick 55%. Wasn't planning on day trading but I couldn't pass that up.
I opened 560/460s BPS for 7/8 in my son's and mom's accounts on the morning dip for good money. Unfortunately, my account doesn't have enough Margin if we drop so I couldn't do the same in my account.
i missed a buy-write 660 then STO 640cc 39 creditSold 07/08 -p650 for $20 when sp dipped to around 652. Just too tempting.
If this gets assigned, I really don't mind buying shares at 630
becoz i over-analyzed it to death
wasn't that free money whether 19 ITM or 39 OTM???
what. am. i. missingggggggggggggggggg?
in other news: 50sma is excellent support during the 10:30 MMD, 673 is resistance 2x so far, sp can't break past PM Low
dc_h
Active Member
I've got 550-500 BPS I sold on Friday and are up ~50%. I'll sit on these the margin would not be used. I sold a few 740 CC's and will sell more if we get a bounce this afternoon. Macros and another round of Covid in China have me worried. So much positive possibilities, but negative issues outside of Tesla control makes me want to continue hedging against downside. Careful on the BPS, no big gains and more aggressive on the CC's and no margin on the calls.
The "B" in BCS/BPS doesn't tell us anything btw.
Unless I'm missing something that everyone here already knows... edit: now that I think of it, I never see it written that way anywhere else. I guess it's safe to assume bull but why don't you guys say short or long?
Unless I'm missing something that everyone here already knows... edit: now that I think of it, I never see it written that way anywhere else. I guess it's safe to assume bull but why don't you guys say short or long?
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dc_h
Active Member
If it breaks 673, where is the next resistance? Are we clear up to 700? We seem to be in a pretty solid channel between 650 and 750.
R1 is 693
TSLA - Tesla Stock Trader's Cheat Sheet - Barchart.com
Support Resistance, Pivot Points for Tesla Inc with Key Turning Points and Technical Indicators.
www.barchart.com
The "B" is different for the two. Bull Put Spread and BEAR Call Spread since we are selling the spreads, not buying them, in this thread.
For those who don't know, I believe those resistance levels are just for today.R1 is 693
TSLA - Tesla Stock Trader's Cheat Sheet - Barchart.com
Support Resistance, Pivot Points for Tesla Inc with Key Turning Points and Technical Indicators.
View attachment 824952
TheTalkingMule
Distributed Energy Enthusiast
I think we're seeing hedgies watching oil for signs of breakdown. Brent shot down to -8% real quick and QQQ shot up.
The likes of XOM are about to report record earnings and will be so flush with profits they'll need to invest in new production. Can't be looking like the price gougers they are!
I think this supercharges the transitory inflation angle and we could see some tech spiking. Look out CC sellers! The steamroller is being fired up!
The likes of XOM are about to report record earnings and will be so flush with profits they'll need to invest in new production. Can't be looking like the price gougers they are!
I think this supercharges the transitory inflation angle and we could see some tech spiking. Look out CC sellers! The steamroller is being fired up!
We really need the forum designers to add a "Fingers Crossed" reaction for posts....
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