Wiki Selling TSLA Options - Be the House

[Max Plaid]

OK, did a bit of fiddling about to reposition 20x 9/15 -c260's to -270 straddles

On the early pop:

• STO 20x 9/15 -c270@$7.1
• BTC 30x 9/15 [email protected] (+$4.35)

Then waited for the dump and:

• STO 20x 9/15 -p270@$5.1
• BTC 20x 9/15 -c260@$9.8 (-$7.1)

I left 20x -c260 in place as I didn't want to write 40x -p270's in case of a pull back, plus I didn't have enough free contracts to write 40x more calls

This is OK, in play for the next two weeks:

30x 9/15 -p245
20x 9/15 -c260
30x 9/15 -c270
30x 9/15 -p270
20x 9/22 -c280

Hopefully the -c270's will expire and I'll roll the remaining -c260's up to a -270 straddle for next week

 

[tivoboy]

OK, did a bit of fiddling about to reposition 20x 9/15 -c260's to -270 straddles

On the early pop:

• STO 20x 9/15 -c270@$7.1
• BTC 30x 9/15 [email protected] (+$4.35)

Then waited for the dump and:

• STO 20x 9/15 -p270@$5.1
• BTC 20x 9/15 -c260@$9.8 (-$7.1)

I left 20x -c260 in place as I didn't want to write 40x -p270's in case of a pull back, plus I didn't have enough free contracts to write 40x more calls

This is OK, in play for the next two weeks:

30x 9/15 -p245
20x 9/15 -c260
30x 9/15 -c270
30x 9/15 -p270
20x 9/22 -c280

Hopefully the -c270's will expire and I'll roll the remaining -c260's up to a -270 straddle for next week

Watch that -p245 strike..

 

[BornToFly]

What did you get? A penny?

10X that!

0.1, which is my weekly goal for naked calls.

 

[Max Plaid]

Watch that -p245 strike..

Yeah, I had a buy order for 10c, just to clear them out, but although the price was hit they didn't trigger... but for sure, if "they" decided to go for Max Pain, as they have in recent weeks, they would come into play...

I put the 10c buy order back in place - the painful part of that is the $75 transaction fee

And they're gone...

 

[Jim Holder]

QTA Update:

15-min

Bookmap

 

[tivoboy]

QTA Update:

View attachment 973572

15-min

View attachment 973571

Bookmap

View attachment 973573

My god that $275 sell wall looks like a hot boiling cauldron of LAVA!. God help us if we get much closer to it.

Looks like a decent ring of fire around $273.8 to protect us though.

 

[Jim Holder]

My god that $275 sell wall looks like a hot boiling cauldron of LAVA!. God help us if we get much closer to it.

Lol. You forgot the /s

 

[Knightshade]

Closed all the calls at 0.40 a few min ago on the 267 dip.... puts are still out there very slightly red at the moment

Closed the $253.33 puts sold at .90 for .25 just now (put order in earlier, it just filled)

 

[strago13]

BTC 9/15 275 CSP for .5 on the pop this morning. These CSP are originally from 7/21 and I rolled them from 270->257.5 over the course of 8 weeks for lots of credits.

Now, I sit and wait to see which direction we go.

 

[Oil4AsphaultOnly]

BTC 4x 9/22 -p260
STO 10/13 -p270

for a $4 credit. If the SP falls back below 268, will just reverse the trade for another $3 credit. Trading the volatility without having to get the direction right.

Edit: I have some 9/29 +p200 to make the 9/22's a BPS, so the margin requirement is actually the same with the cash-secured -p270's!!

 

[Cherry Wine]

In for 10x 9/22 +c290s @ $2.55.

Edit: Added 10x 9/15 +c280s @ $1.15 near the close.

 

[dl003]

In for 285/290 bull call spreads exp 9/15 for 0.3 each.

 

[strago13]

STO 9/22 262.5 CSP for $4.05 each

 

[Max Plaid]

In for 10x 9/22 +c290s @ $2.55.

Edit: Added 10x 9/15 +c280s @ $1.15 near the close.

Seems like free money from here, but so did the -c260's I sold last Friday for this week

Still, I've managed to keep up with is quite nicely so far, helps a LOT that I sold all my trading shares and some LEAPS in order to have a decent wedge of cash, very facilitative when the SP is going up

 

[Jim Holder]

Pre CPI game plan:
If tomorrow TSLA closes above 267, very bullish. Expect at least a full gap fill soon.

If TSLA closes below 267, expect a test of 255 by EOW next week.

If 255 is broken - very low chance - very bearish. The bull trend will be in grave danger.

Looks like we won the prize behind door number two: We closed over $267 = very bullish, expect at least a full gap fill soon.

How do you see the next few trading days playing out?

 

[Oil4AsphaultOnly]

Looks like we won the prize behind door number two: We closed over $267 = very bullish, expect at least a full gap fill soon.

How do you see the next few trading days playing out?

So does this mean no chance of an MMD (mandatory morning dip) tomorrow?

 

[Max Plaid]

Jan 2024 300 strikes look tempting, not only for calls ($22), but puts ($46) too... if we're heading up then some -300 straddles could be extremely profitable, especially as I have some Jan 24 +233's I can burn for that...

 

[jeewee3000]

Jan 2024 300 strikes look tempting, not only for calls ($22), but puts ($46) too... if we're heading up then some -300 straddles could be extremely profitable, especially as I have some Jan 24 +233's I can burn for that...

True but I'm holding out a bit longer. Gap fill to 290 could be a good moment to derisk a bit. (I.e. selling calls as a hedge)

 

[intelligator]

Traveling today and tomorrow, proactively placed order to close -c295/+c305 for .10, that'd be at 70% ...

 

[jeewee3000]

I was looking at big picture TA and stumbled upon @dl003 's post from July 10th 2023. (link)

The analysis was dead on:
1) $296 acted as resistance (we hit 299.x intraday July 19th, gapped down the next day)
2) after the rejection, we dropped to 212.36 intraday August 18th (prediction was we would test the 217-230 low)
3) He pointed out: "If 217 holds, then net long delta for another test of the resistance trendline later this year, but I will know the subsequent correction will reach 217 minimum."

Now we are testing the resistance trendline, and subsequent correction is predicted to reach 217 minimum. In the grand scheme of things he expects a drop after the highs back to around $200 by June 2024.

Not advice, but just wanted to give an extra kudos to @dl003 for his insights regarding TA. I am stunned at how accurate the forecasts have been these past few months.