llirk
Member
Still holding the Yoona IC as well as -c192.50, -c195 and -c200. All are the covered call side of the wheel at the same assigned put strike. Will likely close IC tomorrow at > 50% profit.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Will be either very good or very bad. No middle ground. Doing this right before earnings call is bullish imoWalking to the edge of the abyss…
Zack better have a good story prepared…
Pre-Market reaction to price-cuts so far more muted than I imagined. I have to trust Tesla on this one
Counteracting that we have very strong Chinese numbers just reported, really good for this early in the quarter
Counteracting that we have very strong Chinese numbers just reported, really good for this early in the quarter
SpeedyEddy
Active Member
So we seem to get the upside-down heartbeat apparently, which doesn't matter to me. Any very big move today (after market open) I will counter (but safely, at least 15% away for next friday (not so sure to really end @ maxpain ($185). 174 must hold until today, or 143 (which in my belief is more likely a nextpossible bottom than $160) might be in sooner than later, especially if macro keeps looking this bad (dumb money and smart money diverting, rates rising, dollar dropping, banks in trouble, China's economic downfall (that keeps on being kicked down the road, beyond local governments money, so defaults of Chinese cities are around the corner. It will ultimately break somewhere, especially given Chinese demographics. (there will be vacancies))
At least, Finally my -C on Meta, SPY and QQQ for 5/5 are taking the right turn and hopefully all expire
At least, Finally my -C on Meta, SPY and QQQ for 5/5 are taking the right turn and hopefully all expire
EVNow
Well-Known Member
Earnings report might open up a buying opportunity. It smells like a demand problem. And one needs to lower prices to stoke that fire.
The lower we are, more room to go up, so bullish.
dc_h
Active Member
SpeedyEddy
Active Member
no movement after opening struggles so STO P177.50 on top of earlier 172.5 and STO C200 (again) plus sold some according shares that I hope to pick back up cheaper. (premature assignment would be OK too in both cases)
I'll close the one that's winning first and the other one later on. Maybe both will end up winning. Maybe it will really turn out to be a Heartbeat :
(NOW BEING JUST OVER P-bump, ready for R, maybe just a little Q and then S aftermarket into T tomorrow.
)
I'll close the one that's winning first and the other one later on. Maybe both will end up winning. Maybe it will really turn out to be a Heartbeat :
(NOW BEING JUST OVER P-bump, ready for R, maybe just a little Q and then S aftermarket into T tomorrow.
)
Derisking a bit by closing 10 of the 15 strangles p160/c210 (for 55% profit). Not touching the 5 strangles p150/c220 for now.
gabeincal
Active Member
Rolled 23 x Apr 21 -135c to May 26 -135c for $2.1 credit. Getting paid monthly for hoping...
Yesterday I closed the 50 Puts I had bought for about even, thinking I could buy them back cheaper this morning…. Ooops. I think I’m going to wait for a recovery today, and then sell 1/6th of my shares before close today. If the SP drops with earnings, I’ll have margin protection. If it doesn’t, I’ll be able to sell aggressive Puts for income until I get my shares back….
EVNow
Well-Known Member
They want to bury the bad news of price cut with the good news of ER coming up.
The other interpretation is - put out all the bad news together.
Either way, once they decided price cut was needed, doing it today is better than doing it next week.
That was a very late roll. Weren't you afraid of the calls being exercised early?
I think if ER was going to be good news, they would have cut prices after ER, and said on the call - “Our margins are so good, we are going to cut prices more tomorrow….”
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