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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
if your diagnosis is true(seems very likely) ... we might be in for some lemon squeeze
Yep, it looks like I should have taken profits on my CCs yesterday. I might be rolling for a while....
Looking more and more like I had to close positions and take a permanent 25% loss in my wealth because of one week of really low SP after surviving 10 months....
SebastienBonny
Member
I'm in for 205cc, so think I will be rolling them today if this rise goes through.not this week I hope I have $210-220cc's for Friday
SebastienBonny
Member
We may have a chance if we see a morning dip like when we got CPI numbers last week.
Edit:
And this: *TESLA $TSLA CUTS DELIVERY TIME FOR MODEL 3, MODEL Y CARS TO MINIMUM ONE WEEK - REUTERS
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Yes, I closed out positions and took hits, sold shares, tried to reposition with LEAPs not because of the macros, which it seems I had set up for properly, but because of Elon selling TSLA for TWTR. Had it not been for just that one event, EM liquidating, my margin account would be doing very well indeed.
Funny part is I had hedges on the macros and other big tech to account for my too much TSLA and they got hammered as well as the market went up while TSLA tanked 7% daily. Ugh what a mess. Play with fire….
We are still here, hopefully the wiser.
It's a big OPEX this week, with a huge call-wall at c200, hence a walk-down now somewhat against the indices and other tech stocks...
I put in an optimistic sell order for -c205's for this week, hoping to take advantage of any early pop and IV spike
I put in an optimistic sell order for -c205's for this week, hoping to take advantage of any early pop and IV spike
I think our $205/$207.50 are okay for Friday 11/18, we’ll see……….I’m thinking to roll to 12/2 +10%OTM on Wed/Thu. Impression is higher closing cost is covered by higher premium from extra day or two of DTE, but I don’t have statistics on it.
I've got $205's for Friday, BTC my $200's yesterday.
Looking to STO some if we spike up, would like to get $210s if we touch $200 today.
Looking to STO some if we spike up, would like to get $210s if we touch $200 today.
If we do finally get a big rally, be careful of picking up pennies in front of a steam roller everyone.
You have any pennies in play? or what is your entry point?
I had 10x -c200s for this week backed by 10x +c200 for next week, but closed 5x 11/18 at open.
Really tempted to sell 210s against next week’s 200s now but have been burned before selling at the beginning of a rally after enduring through big drops and stagnation.
Speaks to just how damaged TSLA is that reclaiming $200 is as tough as this even on back-to-back soft inflation prints.
corduroy
Active Member
Off topic FYI: SPY and QQQ are now adding Tuesday and Thursday options so there will be options expiring every day of the week going forward. I've noticed this has already affected SPY premiums this week.
So far so good. This red wave 3 has 2 potential targets: 199 and 205. The fact that we already made an intraday high above 199 makes me think 205 more likely than not is in play. Looking for a false breakout of this rising wedge or whatever consolidation pattern we'll be in later today or early tomorrow, before pulling back to the 195-196 area. Choppy next few days. Invalidated if we fill the opening gap today.
QQQ is hitting major resistance around $293 and hasn't been able to break it. This corresponds to Tesla around ~$200.5 at the moment. The last touch of QQQ near $293 seemed to send macros down so we may have a bit of trouble running a lot higher today. It may take a bit of a breather before we can run higher this week. Of course we also can expect MM's to take control to try and prevent the 44,000 high $200 Call wall being breached.
I've got 155/170 BPS decaying away nicely and have been day trading CC's on the dips and DITM BPS/Shares combos on the rises to keep things interesting.
an Inside Bar going up on a res (ie 200 round number) may signal a reverse downwards, and it did
edit: happened twice today
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