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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Of course a lot will depend on the CPI print, which I believe is Friday pre-market, right?
Again, a new rescue strategy that I'd like to learn.
Can you walk me thru another example?
I have a Mar17 META 140c (100 shares @155).
Are you saying this is rescueable?
HoD is almost exactly +100% from the $100.20 PM low on Jan 6th 
On the opening pop I rolled my Friday CCs at 252.5 and 250 in to 235 and 240 for an additional 0.1
Hopefully we don't get a 20% climb in 3 days.
Hopefully we don't get a 20% climb in 3 days.
Unless CPI prints stone-cold, frozen, imagine...
Not as impressive on my leaps as I started averaging in around share price $160 but kept at it - average cost of my January 2025 $200 leaps is $35 each.... now at $70 each.
Annnddd now writing safe OTM calls against them now that we are over my strike of $200.
SebastienBonny
Member
Just rolled 03/10 210 CC to 04/21 230 CC for 1.3ish.
Following the SP rise here as those can't be called away
.
Still holding 210CC for Friday. Rolling that is not needed yet, cause I think even at 210 you can roll 10-15 higher for credit.
Following the SP rise here as those can't be called away
.Still holding 210CC for Friday. Rolling that is not needed yet, cause I think even at 210 you can roll 10-15 higher for credit.
Dang, turns out that Google returned the 2022 dates and I didn't spot the year... thanks! Have cancelled my -p180 close order now, don't see it dropping 10% by Friday without a nasty event
And not as impressive at those 10x Jan 2021 -c650's I bought 5th September 2019 - total purchase cost $1000... if held to expiry they would have been worth $3.6M
but I sold them too soon, but luckily before the C19 crash, 220x the initial value
Blitz3RS
Member
So we've touched and are dancing lightly in 200 territory.
I've got some 220Cs for this Friday (10 Feb). How are we feeling about the 200 call wall? Will it stand? Are there any other big events to close out the week?
I've got some 220Cs for this Friday (10 Feb). How are we feeling about the 200 call wall? Will it stand? Are there any other big events to close out the week?
With Nasdaq100 down 1,5% I'm impressed by how strong Tesla has been.
Unfortunately I only trade TSLA options so I don't want to give you bad advice. This call is in a much worse position, imo.
I'm thinking of rolling for minimal debit, -c170 to 2/17 -c177.5 ... it adds 2.5 to strike and more importantly, 2.10 of extrinsic, at about .35 now, too close for comfort, too near callable. I'm only going to next week, expecting that I'll have a better roll opportunity to something higher should we roll back to the low 190s , high 180s. I don't know or foresee, just taking this risk for a better move later this week or next. Ultimately, shares will get called if I do nothing today. Based on Monday and Tuesday gamma exposure and OI. open interest increased for p160-p165 subtle, more so p175-p190. c200, c210, c220 increased as well. Rolling a week rather than locking up the shares for call writing by rolling out months is a risk I am willing to take today.
You mean -c175 to -c177.5, or -c170 to -c172.50?
Do you have enough cash to straddle with some puts? Then you'll either get some free premium from puts that stay OTM or the calls will go OTM and you'll be even happier...
Good catch. -c175 to -c177.5
Not enough cash , tied up in a far out CSP ... but i like the thought for when i do have the cash. -->
EDIT:
it's a straddle , same strike, same expiry ... wasn't thinking clear.
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Yes, the idea being the ITM calls are very unlikely to go OTM, so take some put premiums with essentially zero risk, not zero, of course, but you get the ideaGood catch. -c175 to -c177.5
Not enough cash , tied up in a far out CSP ... but i like the thought for when i do have the cash. -->Pls share what it'd look like using the roll i have in mind.
EDIT:
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