Buckminster
Well-Known Member
My drug dealer wouldn't let me sell VFS calls...
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
OK, slight change of plan, do keep up:
STO 10x -c240 @$6.1 to straddle yesterdays puts sold for $5.1
Sold 2500x $TSLA@$250 (which was the cost-basis of these shares from put assignment a few weeks back -> makes a huge change to sell them and get all the cash back for once!!)
STO 10x -p240 @$1.24 -> this was actually a fat-fingered BTC, but I can live with it
So going into Friday:
35x -c230 -> probably roll and roll for a bit
10x -c240 -> may let exercise, or roll and straddle with puts
20x -p240 -> expire or roll
Edit: BTC 20x -p240 @$1 (looking to sell 10x -p250's instead)
STO 10x -c240 @$6.1 to straddle yesterdays puts sold for $5.1
Sold 2500x $TSLA@$250 (which was the cost-basis of these shares from put assignment a few weeks back -> makes a huge change to sell them and get all the cash back for once!!)
STO 10x -p240 @$1.24 -> this was actually a fat-fingered BTC, but I can live with it
So going into Friday:
35x -c230 -> probably roll and roll for a bit
10x -c240 -> may let exercise, or roll and straddle with puts
Edit: BTC 20x -p240 @$1 (looking to sell 10x -p250's instead)
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Sir, please step away from the rails.
I sold 232.5P for 9/8. Not going ATM yet as stock often retests its breakout level shortly after the breakout. Once 242 is held I'll go ATM. The next target is 255, 50 DMA as well as the 100% projection of the first leg up from 213-240.
too cryptic for me
these were against Jun 24 300 calls bought at $23 in past 2 weeks ...
if it hits, I think I will have like 200% + gains ...need some theta decay protection don't we
+just a thought, when selling CC's, I think you need to let the SP price come to you. What I mean is when SP is too low, either don't sell CC's or sell some far OTM calls for a very small gain to keep the wheels rolling .... only after SP comes to you, start selling more juicy CC's.
I have another tranche of 107 CC's which I sold at 300 for just .32c and bought ~ 15 shares. Have 10 days to expiration. If SP still holds for Highland, CT, 3Q will then get some juicy premiums.
too many getting burned by selling CC's ATM or at same OTM%levels ... cheers!!
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dont stand in front of the train.too cryptic for me
Belay my last, there’s ZERO money in spreads unless one did 1/2 or calendar, not going to touch it.
I had unfortunately just STO 9/1 -250C yesterday. I rolled to 9/1 -255C today for like 140% loss. Better to be right for the wrong reasons, than wrong for the right reasons.
Oof. Yeah - what's the saying? I'd rather be lucky than good.
Just sold 10/20 $275CC's for $12 each - will close out on a retest of $240 or wait till right before P&D report to close
SpeedyEddy
Active Member
My -C VFS portfolio has grown up to -C 40 (holding -C 40, 60, 67.5 and 72.5, bringing me a + $1300 paper gain for this day, adding a realised gain of $500, totally covering my earlier loss on TESLA -C 200 which I was happy to close @ 39-ish yesterday.
Thank you, little Vietnamese automaker that was ridiculously IPO-ed. Thank you, community, especially juanmedina, for pointing out Options-opening yesterday, so I could build a profit early
Tomorrow already, will we see 3 as first digit for VFS, September 15 maybe even 1? But I don't go bet on that, don't want to run out of luck.
Thank you, little Vietnamese automaker that was ridiculously IPO-ed. Thank you, community, especially juanmedina, for pointing out Options-opening yesterday, so I could build a profit early
Tomorrow already, will we see 3 as first digit for VFS, September 15 maybe even 1? But I don't go bet on that, don't want to run out of luck.
In for 20x 9/1 -c280s @ $0.22 for some beer money.
That's one hell of a lot of collateral damage on Friday if it stays up here...
Look at ITM spreads, I've had good results so far. Sold more 9/15 -30c/-40c/+70c
Two weeks, that’s balmy… but yeah, probably some premium there to be had.
dont stand in front of the train.
Do you think -C270 is safe for this Friday (2.5 days)?
(Share CB $235)
It may go to 260-262 but a retest of 242 is likely before going any higher.
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