Wiki Selling TSLA Options - Be the House

[intelligator]

^^^
I didn't sell the -c290 for this week, got pulled away Friday, would have been almost worthless by now. Buying puts coupled with some near the money CC may be a good play,.thx !

 

[Max Plaid]

I think this coming week it's going to be mainly about Macro and the Fed Meeting. We could see a fairly significant pull back if they raise rates again.

TBH I don't really think anyone cares what the FED say or do any more, they are clueless. Likely .25 already priced-in, so no rise might provoke the opposite

 

[ReddyLeaf]

Wicked stocks says it all hangs on $262 tomorrow. If we open below, the uptrend is broken. Holding above $262 then we still have a chance. I’m still feeling pretty glum and bearish, so I expect it to go lower. I am, however, very interested in Friday’s trading on the September monthly. It will be interesting to see if those c400s were closed or more opened. Hmmmm, waiting on the Monday AM update.

 

[Jim Holder]

Here’s a bullish $156M options bet put on right before Friday close, aiming for a recovery:

 

[Criscmt]

TBH I don't really think anyone cares what the FED say or do any more, they are clueless. Likely .25 already priced-in, so no rise might provoke the opposite

Market WON'T like a hawkish FED.
And, Big Tech earnings -ve surprises can be a big -ve on all stocks.

 

[Max Plaid]

A few -p270's this week...

 

[SebastienBonny]

With 225CC in play for friday, I'll have to keep a close eye on the extrinsic.
Was about .50 last friday. Rolling them a week/few weeks/a month at max isn't really worth it (yet), so actually waiting for those shares to get called away or a new decline of the SP. To be okay with a monthly roll, I think we need to get to 245ish. Don't really know we will get there, but it's not that far away as well.

 

[SpeedyEddy]

-CC 240 Friday against all of my shares, just to protect the projected fall, that (movement regarding) is a certainty now. With the expected gain (will close when shares near/cross 240) I will buy extra shares.(approx 6.50% +) further will day trade in/out of shares during the day I guess. (not yet today, have to find out bottom/resistance first)

 

[Jim Holder]

-CC 240 Friday against all of my shares, just to protect the projected fall, that (movement regarding) is a certainty now. With the expected gain (will close when shares near/cross 240) I will buy extra shares.(approx 6.50% +) further will day trade in/out of shares during the day I guess. (not yet today, have to find out bottom/resistance first)

I’d be a bit cautious shorting into the hole, Dealer Greeks showing bullish/long continuation, and GEX supporting above 260. It’s not always right but calls for caution and further study.

 

[SpeedyEddy]

I’d be a bit cautious shorting into the hole, Dealer Greeks showing bullish/long continuation, and GEX supporting above 260. It’s not always right but calls for caution and further study.

I guess you could be right and I figured out that, maybe, we only just experienced a gap-fill from June 28/29, but I let them in place for now until it gets unbearable to look at..

 

[strago13]

Holding 265p 28JULY2023 for this week. We shall see if I am rolling them to next week. These are hold over 270p from last week I rolled down on Friday.

 

[SpeedyEddy]

a lot of hours left to fulfill an unexpected (in my case), impressive engulfing candle for the day ($268.10 minimum target) But beware: Volume is still low, would have liked higher to be impressed enough to close the -CC 240already. Still looks more like one of the good old lure-them-retail-in-monday's...

 

[MikeC]

a lot of hours left to fulfill an unexpected (in my case), impressive engulfing candle for the day ($268.10 minimum target) But beware: Volume is still low, would have liked higher to be impressed enough to close the -CC 240already. Still looks more like one of the good old lure-them-retail-in-monday's...

I don't know - volume is decent and kinda feels like the post-ER drop was a head fake in conjunction with the NASDAQ rebalancing and now we're getting some of that back.

Holding -p262.50/272.50/280/300 and -c280s for this week.

 

[Cherry Wine]

Some institutions might also be buying on information contained within the 10-Q. Holding 7/28 -c310s sold last week - probably till expiry.

 

[DaveG_NJ]

Was holding 10x 7/28 -p265 going into earnings and was too greedy/lazy to take profits when it flirted with 300. Feeling better about that today (along with picking up shares @258). But then there's the damn FED coming up...

 

[Jim Holder]

I’d be a bit cautious shorting into the hole, Dealer Greeks showing bullish/long continuation, and GEX supporting above 260. It’s not always right but calls for caution and further study.

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Seems as though the bullish Dealer Greeks was accurate today afterall. Question is can it get over 270 which is a monster +GEX level:

 

[Jim Holder]

I'm tempted to write some -C285 or -C290 for this Friday on a bunch of $298 CB shares I don't mind selling if they get called away and re-buying on next 240 test, because $270 is such a wall upward, but all the bullish positioning, VIX puts, and unknown possible FOMOC reaction is giving me pause.

After Wednesday it's safer of course, but then premium will be a 1/4 they are now.

For now I'm sitting on my hands

 

[Max Plaid]

That was a nice recovery today from a gloomy pre-market and nasty open. But lots of big green candles were printing early on, the big put wall at 270, last week's monthly expiration aided by the exaggerated sell-off after earnings...

30x -p270 & 14x -c270 for this week, FOMC is the joker card, of course

And just broke 270AH

 

[Cherry Wine]

I'm tempted to write some -C285 or -C290 for this Friday on a bunch of $298 CB shares I don't mind selling if they get called away and re-buying on next 240 test, because $270 is such a wall upward, but all the bullish positioning, VIX puts, and unknown possible FOMOC reaction is giving me pause.

After Wednesday it's safer of course, but then premium will be a 1/4 they are now.

For now I'm sitting on my hands

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One of the most valuable things I appear to have (mostly) taken to heart after getting badly burned a number of times over the past 5 years is that it is okay to do nothing on a given day.

 

[tivoboy]

One of the most valuable things I appear to have (mostly) taken to heart after getting badly burned a number of times over the past 5 years is that it is okay to do nothing on a given day.

Patience is not inaction.