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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
I agree, unless tomorrow Semi event has some sort of surprises for investors, that case, we could see 200 even before Friday. We're reaching 190 while Im typing here.
EVNow
Well-Known Member
This is why I don't look at TA. It is no match for EM, Powell, Trump et alsp went up too fast, my candlesticks are missing!
EVNow
Well-Known Member
Has any delivery event ever caused a SP spike ? All I remember are hype before the delivery and slump afterwards.
Funny you should suggest that: STO 10X -p200/+c200 +$13.1/+$3.1Sell new ones!
SebastienBonny
Member
Thanks this is very helpful, I guess let me rephrase my question. What are the odds that Friday close is higher than Monday High? So for example if you take 20 weeks of data(or however many weeks of data you have) and compare Friday closing price to Monday high is it 80% of the time that Friday close < Mon High?
So two possibilities and the the % of each event.
1. Friday close < Mon High
2. Friday close > Mon High
I'm guessing that selling 4 DTE CCs on Tuesday morning would be a good option but need the data to confirm this.
I can't recall, but I will be little cautious here. Not just because the Semi event, but also the marco momentum could last a few days until hitting major resistance, and can drag TSLA along. But if you already have the exit/rolling plan, just go for it. I probably will sit on the sideline until tomorrow.
Rolled my 2/12 -CC190 to 16/12 -CC202.50 for a small $0.80 credit.
My wife just told me she loves when I have to roll CCs because it means I don’t have to work like crazy to cover for potential margin calls. So she will probably slow down my schedule too. Good news!
My wife just told me she loves when I have to roll CCs because it means I don’t have to work like crazy to cover for potential margin calls. So she will probably slow down my schedule too. Good news!
Me too. There are a couple of resistances to get through to close at 200 in 2 days, but tomorrow’s data and other news may not work in our favor. We’ll see!
Anyone here seeing a 200 close by Friday?
EVNow
Well-Known Member
No - not worried about 200 calls. And as I've been posting, will switch over to call spreads to hedge the calls. Puts too, once I'm no longer trapped.
TSLA Fri Close vs. Mon High - History
in 2022, there is 78% probability that Fri Close < Mon High, with an average of -7.46% drop
i am guessing this means that if CC was sold at Mon peak (strike=peak), it would have 78% chance of expiring
for data: i used Tue/Thu if Mon/Fri is holiday
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Still confident on <200 by Friday, chaps? That was a big move today, might pull-back a bit, you know how it goes
I still have 20x -c180's for this week, they surely look like toast... tried to roll to 10x 12/9 -p195/-c195, but the limits didn't quite hit, will see tomorrow... might take the easy route out with a 20x -180 straddle for next week, that adds +$4 premium, so could reduce the number of contracts to 15x for free, will see tomorrow...
I still have 20x -c180's for this week, they surely look like toast... tried to roll to 10x 12/9 -p195/-c195, but the limits didn't quite hit, will see tomorrow... might take the easy route out with a 20x -180 straddle for next week, that adds +$4 premium, so could reduce the number of contracts to 15x for free, will see tomorrow...
SebastienBonny
Member
It’ll pull back a bit, but who knows what tomorrows Semi event will bring...
Looks like I might be rolling 12/16 195 CC higher when we keep on rising.
Surely waiting for friday to sell an extra contract for next week. Looking for 210 or higher. 200 could be resistance, but who knows...
Well, I had an appointment the entire afternoon, forgot about powell, inc., my 185cc got run over before I had the chance to roll forward. What's worse, is I had 197.5cc and 200cc order for this week that filled at such small premium. I expect shares called away tonight, which isn't optimal but will help offset tax gains. Ugh.....
Don't want to pollute this thread, but I think this is incredible significant for the sentiment and TSLA, even though it's more T-word related
After-market price action seems to agree...
After-market price action seems to agree...
EVNow
Well-Known Member
I didn't mean 195 SP closing today!!!I've underwater 190 cash covered puts & 200 Calls.
So, ideally, I want a closing SP of 195
I would not be surprised to see 220 by Friday, assuming a weak or flat PCE.
This is what TSLA does to you. If you are comfortable it will punish you.
I quite honestly prefer today's punishment.
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