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What tool is this?
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What tool is this?
Bookmap.What tool is this?
Bookmap.
To answer bingoz, I'm new to this tool so have an elementary understanding of the tool. Interesting to see where the walls and support are.
View attachment 934802
Still following the January playbook to the T. Next stop is a test of the hourly 200 EMA. Rejected there to pull back and retest the breakout level @ 165, then up we go. Will Tesla raise prices some more? I don't know. I just follow the chart.
How to sell puts into this rally if you're afraid it's a bull trap: wait for 170. If we see 170, then it's not a bull trap. Then wait for a pullback to 165 before selling puts aggressively.
Not gonna happen. Will pull back before 171.5. If we make a $10 green candle on some news then I'll redo the chart but right now there's no point considering that possibility.Given the strength (finally!), if we pass $170 today or early next week, are 5/12 (next Friday) open $180 -C still safe?
Also, what cadence are you seeing for “off we go”?
Thanks again!
Not gonna happen. Will pull back before 171.5. If we make a $10 green candle on some news then I'll redo the chart but right now there's no point considering that possibility.
Just up. I don't know the slope yet.
RIP -c150’s
Not going to shoot past 171.5 without a pullback.Thank you. “Not gonna happen” you mean not likely for TSLA reaching $180 by 5/12, right. Just double-checking.
Not going to shoot past 171.5 without a pullback.
Yes. At this stage one needs to be surgical with call selling. If you wait for the "news" to come out to validate a rally, it'll already be too late.Thanks. So even though another $10 candle not likely next week, prolly safer to BTC -C180 5/12 at pullback to $165 as you mentioned earlier, vs let them ride out to Friday.
The chartist in me say 100% safe but the TSLA bull whispers "what if?". However, before breaking 171 we should pull back to retest 165 once, if this rally has legs. I'll close these calls on that retest.
Yeah, hopefully very few people followed my bottom call @ 152.3. Everyone should have sold their shares in the 150s as $0 is the bottom.I'm not much of a TA believer either but it's used almost everywhere as a platform for trade ideas. Not sure it makes much sense in a dedicated Tesla options thread but that's proven to be a dead horse. Hopefully very few folks are seriously trading from these ideas.
I rolled my 90x core shares to next week for +$1, and let my trading shares exercise to sell puts…I'm glad you're still holding up (as far as I can tell from that emoji). What's your plan for the ones you rolled and did not want to be assigned?
I am, but feels like I'm playing with fire!Anyone selling Calls into this rally?
I am, but feels like I'm playing with fire!
Having to roll sold calls is however a problem I look forward to having.