Wiki Selling TSLA Options - Be the House

[bkp_duke]

The Volume for VFS Mar 2024 options is miniscule. I'm seeing 100 Calls so far have a volume of 162, and everything else for that date is 25 or less (most single digits).

Liquidity getting out of a position could be a problem.

 

[Jim Holder]

Really surprising (or not really…) how TSLA opened today and went straight down given all the positive momo and flow Friday into the close. Was that all a head-fake/bull-trap?

 

[tivoboy]

Yeah, but I'm not paying $50 for ATM puts, maybe wait until it get shorted to hell, then buy some shitcalls for when WSB pile-in and squeeze it up

Indeed.. here I brought my map with me.

 

[SpeedyEddy]

, so don't try this at home.

Ahmmmm I really should listen to myself more often

 

[dl003]

I sold march'24 calls 90 immediately, of course no option to buy puts.
What a mess of a company, without any outlook AFAIK

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Even Nikola looked better and we know how that went..

We sold 45/50 BCS exp March 2024 for 4.5 - 4.6.

 

[Cherry Wine]

We sold 45/50 BCS exp March 2024 for 4.5 - 4.6.

Risk of loss capped at ~10%? Seems pretty good to me. The main thing that gives me pause is that so much of the stock is under the control of one person.

 

[dl003]

Really surprising (or not really…) how TSLA opened today and went straight down given all the positive momo and flow Friday into the close. Was that all a head-fake/bull-trap?

Looks like those calls were bought specifically for the positive news that came out of China yesterday. They don't wanna commit to prices over 242 yet. Back in limbo. I sold some 9/8 280C for 0.4 each.

 

[MikeC]

Sold a VFS 9/15 BCS -c45/+80 for $25. Max loss $10, max gain $25. Bid-ask was pretty wide.

 

[adiggs]

Entered -220p / -250c strangle for next week.

The open strangle for this week has gone ITM on both sides, with -245p expiring this week and -200c have been pushed to 9/29. I'm keeping a close eye on the time value on each the puts especially, and expecting I'll be rolling. H'mm -- if I roll right now I can get the -240p in 2 weeks and a 1.20 credit.

Although I am biased towards down from here rather than up, there is also ~$2 in time value in those 245p, so I'm going to wait. I'll have a credit roll available whatever happens, but I could easily lose access to the strike improvement.

 

[OrthoSurg]

Entered -220p / -250c strangle for next week.

The open strangle for this week has gone ITM on both sides, with -245p expiring this week and -200c have been pushed to 9/29. I'm keeping a close eye on the time value on each the puts especially, and expecting I'll be rolling. H'mm -- if I roll right now I can get the -240p in 2 weeks and a 1.20 credit.

Although I am biased towards down from here rather than up, there is also ~$2 in time value in those 245p, so I'm going to wait. I'll have a credit roll available whatever happens, but I could easily lose access to the strike improvement.

Is it a good idea to sell uncovered calls on Vinfast? Or it will do like NKLA go from $10 to $70 before collapsing back to $1

 

[ZeApelido]

Sold a VFS 9/15 BCS -c45/+80 for $25. Max loss $10, max gain $25. Bid-ask was pretty wide.

Did the same.

 

[Max Plaid]

Rolled up my 10x -p230's to -p2'0 this week for +$3, will add 10x -c240, tried to sell into closed but the SP was being held below 239, so my order missed by 5c, will see tomorrow

Edit: sorry, bad math, +$4 net for the put roll, not +$3

 

[ZeApelido]

Rolled up my 10x -p230's to -p2'0 this week for +$3, will add 10x -c240, tried to sell into closed but the SP was being held below 239, so my order missed by 5c, will see tomorrow

Sir, this is the selling VFS options thread.

 

[BornToFly]

This is what happens when I'm at my computer all day with nothing to do.... Rolled my 10X end of September 205 Puts to Dec 230 for $17 credit. Then flip rolled them to Dec -240C for another $6 and bought 1,000 shares before close at 238.99 for a buy-write. So I "made" $23, but I didn't really want to buy shares at this point because I do think we are headed lower (but I didn't want to risk a gap up tomorrow and having those calls uncovered). From a margin perspective I think I would have been better off just holding the 230 cash secured Puts.

 

[OrthoSurg]

This is what happens when I'm at my computer all day with nothing to do.... Rolled my 10X end of September 205 Puts to Dec 230 for $17 credit. Then flip rolled them to Dec -240C for another $6 and bought 1,000 shares before close at 238.99 for a buy-write. So I "made" $23, but I didn't really want to buy shares at this point because I do think we are headed lower (but I didn't want to risk a gap up tomorrow and having those calls uncovered). From a margin perspective I think I would have been better off just holding the 230 cash secured Puts.

Haha I had time between 2 medicolegal expertises today so I sold 25x -p350 Dec25 again when I thought we were the low of the day. I just can’t look at money in my bank account, I have to force myself to buy TSLA again.

My life is way more easier when I’m broke

 

[Nb1277]

Looking for a stock replacement strategy. I own about 3K shares of TSLA today but need to sell roughly half to close my margin loan but I’d like to maintain a similar exposure.

I’m very bullish medium and long term but uncomfortable with my current margin loan, particular with the pending resolution of the NHTSA investigation into autopilot. If they take drastic action, the impact on the stock short term could be rather significant which could pose a problem for me.

What are your recommendations on cost effectively replacing about 1.5K shares with options? I’m ok with Leaps as I plan on holding.

 

[Jim Holder]

Looks like those calls were bought specifically for the positive news that came out of China yesterday. They don't wanna commit to prices over 242 yet. Back in limbo. I sold some 9/8 280C for 0.4 each.

What level does TSLA need to break downward to trigger aggressive LEAP call selling for you?

There’s a battle underway this week between the 250 calls and 230 puts

 

[samppa]

Sir, this is the selling VFS options thread.

Analytical DD over at reddit

Reddit - Dive into anything

reddit.com

I would not touch this mess even with a barge pole

 

[MikeC]

Sold a VFS 9/15 BCS -c45/+80 for $25. Max loss $10, max gain $25. Bid-ask was pretty wide.

Was surprised to see my VFS 9/15 -c45 assigned overnight, leaving me with a +c80 and -100 shares. Will buy the 100 shares to close and sell another call, maybe a higher strike or maybe a farther expiration.

 

[SpeedyEddy]

Is it a good idea to sell uncovered calls on Vinfast? Or it will do like NKLA go from $10 to $70 before collapsing back to $1

I am more like somebody reminded above: More like Rivian, immediately after options available stock goes (already in action, maybe write some DITM calls as well.) Numbers ar a disaster, this can only go down, unless WSB-like-infusions are coming and some YouTubers jump on the bandwagon. Then you roll, because in the end it does not make any sense, mid term. Burning cash on an inferior product with a (who did that before and stepped out of it.....) RENTAL battery and 10Y warranty..

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