Wiki Selling TSLA Options - Be the House

[Jim Holder]

In regards to Pierre, do any of you subscribe to his trading view chart? Just wondering how much emphasis is placed on his analysis?

I subscribe to his chart and it’s the same as what he shows on his daily videos.

Note when importing his chart into your TradingView account, changes he makes are not dynamic, meaning you need to re-download the chart into TradingView after daily changes. Other than that it’s great and a very helpful reference.

 

[EVNow]

Isn’t that a big risk for just a couple of grand?
I think one would need a lot more than that to roll the dice. What if we have a face-ripping rally tomorrow?

Then you roll - like how I rolled through ER 50%+ rally. I've 200 strike calls too.

 

[EVNow]

Stunning. Highest number since the last week of September...

Just want to note that .... for 50% growth
- China needs to continue to grow since
- Berlin will start supplying more & more to EU

So anytime we don't see growth, expect downgrades from analysts (and SP going down).

 

[OrthoSurg]

You don’t know how much I love it when we close at the intraday high



My end of the day still sucks

 

[juanmedina]

You don’t know how much I love it when we close at the intraday high

IIRC we needed $183 to turn the trend bullish.

 

[Max Plaid]

Blimey, that was a rip into close, I expected day-traders to be taking profits and was trying to sell some -p175's, but nope!

Earlier I BTO 15x -c185 @$3.4, I still expect the weekly to close below 180 given the OPEX MP, but who knows...

Maybe get those puts sold in the MMD tomorrow

 

[bkp_duke]

You don’t know how much I love it when we close at the intraday high



My end of the day still sucks

OOF . . . 11 psi.

 

[Jim Holder]

Right before the run into close I BTC the 50x -C245 8/18/23 that I began scaling into the past couple days, for an -$8.8k loss (now -$11.5k had I held). Learned my lesson not to STO Covered Calls unless trends are confirmed. What’s unnerving is that I knew this rule when I STO but got a little hasty yesterday. Got a slap to remind me to follow the rules!

With P&D coming up first week of April (only 20 days away…) and trend appearing somewhat bullish for now, better safe than sorry. Worth the L to be able to sleep better. Live to trade anther day.

Sitting patiently to STO same at next top, whether 198, 213, 224, 242, etc. and will recoup that and more on next retracement.

I also managed to dump 300 TSLA shares that were put to me from an ITM CSP last Friday for a small profit in addition the initial premium ;- )

Let’s see TSLA run a bit now!

(PS is anyone considering STO -P $160-$165 for 3/24 and 3/31? Safe yet?)

 

[SpeedyEddy]

Still don’t trust the ralley, but -C140 and 145 giving me a headache of course. Testing my diamond hands on those. Think it is is far too early to have these out , after CPI. So thinking what to do next. Or not to do a thing this week.

 

[intelligator]

Traveling this week, little to no time to trade. Feeling a .08 delta based IC may be safe as a 3DTE play Wednesday. Gamma is slightly positive, the short legged strikes would be -p167.5/-c197.5 , $10 wide is .60 or the next strike lower/higher, delta .06 for .52, same width ... hmmm, if I find time in the morning to set it.

 

[MikeC]

Went from being scared for my puts on Saturday to being scared for my calls on Sunday to being scared for my puts this morning.

Now getting scared for my calls again, but thankfully closed out the -c175 on the dip this morning.

Closed a 170p and 175p today, still holding 1x -p170. Also still holding the -c180 but today I bought 100 shares at 181 to back it, kind of a "write-buy".

Then I bought another 100 shares and a couple 1/25 c180 because this feels like a bullish turnaround with good China numbers and the Fed maybe handcuffed on interest rates now. Anticipating some rise into deliveries over the next few weeks, especially if China deliveries stay strong this month.

 

[Jim Holder]

Bullish signs appearing behind the curtain. May be safe to open -P 160 for 3/17-3/24 after all, what do y’all think:

Higher % of a rise:

Note nothing between 183-190. TSLA can just soar up to 190:

 

[Jim Holder]

One more data point, this from Mauro (on 2/21/23):

“As long as the pullback will have a corrective structure I will be buying W-2 whenever it may come.”

His W2 seems a bit too giddy though (and I don’t know if pullback to 163 was considered corrective) but here it is:

This seems to imply no more sub-200 again…

 

[phantasms]

Anyone else considering buying some yolo CS leaps?

 

[traxila]

Anyone else considering buying some yolo CS leaps?

More likely TSLA yolo LEAPs. But that is just me.

 

[jeewee3000]

Anyone else considering buying some yolo CS leaps?

Nope. Too much of a gamble.

 

[chudiddy]

One more data point, this from Mauro (on 2/21/23):

“As long as the pullback will have a corrective structure I will be buying W-2 whenever it may come.”

His W2 seems a bit too giddy though (and I don’t know if pullback to 163 was considered corrective) but here it is:

View attachment 917735

This seems to imply no more sub-200 again…

Where has Mauro been. He's been MIA since that 2/21 post.

 

[scubastevo80]

Rolled my 3/17 $165 puts this morning to 3/24 (split $170 and $160) for a net $4 credit. As many of you probably know, I was called out of my big TSLA position at $155/160. I've been writing puts about 10% below market and using the cash to buy VOO.

 

[Right_Said_Fred]

Rolled my 3/17 $165 puts this morning to 3/24 (split $170 and $160) for a net $4 credit.

Is that number correct? I've been eyeing the same move (rolling P165 from 3/17 to 3/24), but the BTC is still $0.47 and the STO just $2.42, resulting in a net credit just shy of $2.

 

[Max Plaid]

Was out for a, ahem, "business lunch", but had put a limit STO 15x -p175 @$2.3, which finally triggered, then added 5x more at $2.6

Holding still 15x -c180 & 15x -c185, TW OPEX strongly indicating ~177.50 close in Friday, we'll see, as usual, I'm OK to take shares at this strike net cost would be around 160...