You are making me think of the 25 assigned puts I had on me December 28th the same day I sold my TSLA to realize a loss for tax purposes. I could not sell them because they only showed in my account December 29th. Hope they don’t count as a wash sale rule because if I can’t declare the 2.3M loss on my 2022 taxes then I am officially Bankrupt! At least I know my wife is not going out with me for my money since we’ve been going out together since highschool when we were 16. But at that point I realize I might have been richer than I might be in 2023, at least I was debt free.
-
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
You are making me think of the 25 assigned puts I had on me December 28th the same day I sold my TSLA to realize a loss for tax purposes. I could not sell them because they only showed in my account December 29th. Hope they don’t count as a wash sale rule because if I can’t declare the 2.3M loss on my 2022 taxes then I am officially Bankrupt! At least I know my wife is not going out with me for my money since we’ve been going out together since highschool when we were 16. But at that point I realize I might have been richer than I might be in 2023, at least I was debt free.
EVNow
Well-Known Member
I've similar issue. I rolled a put with a lot of loss in my investment account and near that date got assigned some puts in the IRA. Fidelity shows it as a "wash sale" ...
I was margin called, sold value shares to fill that obligation but then sold high cost basis TSLA to close out underwater BPS that I had no way to back. Lost twice in that instance. The shares sold were shares I earned through the splits and some as buy writes that I quit selling cc against and some put to me, pricey. So, although down 70% for 2022, still have the initial capital invested. I survived, justified it by being able to use those high cost basis share sales to flip from capital gain to loss. I feel good, not, but I do. The resulting tax loss is what I am now trying to protect.
Yes this is correct. The data you can get from this:This is a decent sign that at least the selling momentum has abated.. for now at least.
Do I sound too bullish?
1. Sell side momentum has slowed or stopped
2. Some covering has been done.
3. We have stabilized for now and should trade back at our normal 2X Beta (As long as we have no specific news).
There is no sign here to tell us that a bull run could start.
You can also maybe extrapolate that if we lose upward momentum here. That was the "Bounce" and that if the long side takes profit we'll give some of this back.
This is a decent sign that at least the selling momentum has abated.. for now at least.
Do I sound too bullish?
Feels like we’re finding a bottom even though it’s hard to have any confidence at this point. But a broken calendar has to be right once a year, right?
Volume while still high is drying up today. Yes we can still make new lows, but think about this: the people buying today are getting the deal of a lifetime. They wont easily let these shares go. Every share traded at this level is going to a strong hand. Every share traded therefore will reduce the risk of further selling pressure. As volume dries up, we know that the market is running out of sellers of TSLA and that is a sign to behold. When there are no more sellers its literally impossible for the stock to make new lows.
Option interest for next week seems to be changing, it will be interesting to see how it plays out.
Max Pain currently at $140
Max Pain currently at $140
May we break 125 today and end up breaking the downward channel.
I rolled my calls too fast Monday I could have had a better strike price for the roll if I waited. Oh well, still happy I had to roll them.
Last edited:
Jun 2025 Option are out. Start rolling 
.
.
SebastienBonny
Member
ThnxJun 2025 Option are out. Start rolling
Well, just checked, probably Broker needs a day.
corduroy
Active Member
If put buying is drying up, it sounds like a good time to buy puts (for hedges).
Yeah. I rolled mine up to 131 this morning. If I can close them out for nothing I’ll break even this week.
SebastienBonny
Member
Yesterday there were 30k -p100 for this week, today 34k, so they increased...
I closed out the -p110's I sold yesterday, sold 4x -115 straddle and 30x -c130 for next week, slightly too soon it seems, but there you go
Still have 52 -c130 in play for this week, I'm thinking they might expire, but a lot will depend on CPI, worst case it's an up-and-out roll, although strongly thinking to sell some shares for cash and de-risk a little bit
I closed out the -p110's I sold yesterday, sold 4x -115 straddle and 30x -c130 for next week, slightly too soon it seems, but there you go
Still have 52 -c130 in play for this week, I'm thinking they might expire, but a lot will depend on CPI, worst case it's an up-and-out roll, although strongly thinking to sell some shares for cash and de-risk a little bit
Last edited:
Lets just say I end up losing 600 shares from panic selling at the bottom. Now with 4000 shares in my account, about how long might it take to increase the 4000 shares to 4600 shares, being careful and conservative? And taking into consideration that I study Free Options Trading Courses | Option Alpha and follow this thread and don't bug you guys too much.
SebastienBonny
Member
And then stock went down again.
Better be safe than sorry
.
It's not unreasonable to say we are trending up.
Will add CC somewhere this week if we have another leg up.
Better be safe than sorry
.It's not unreasonable to say we are trending up.
Will add CC somewhere this week if we have another leg up.
No offense but if you study the courses you will get your answers. I'm not trying to be a dick or whatever just saying options trading is not for everybody and has a lot of risks.
Similar threads
