With the exception of fees, back to even. Got out of the BPS maybe too early; covered the loss with early exit profit of CC buyback yesterday. Looking to reposition , although it seems down is more likely than up.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Passing along an interesting article on TSLA action from an options perspective for this and coming weeks:
TSLA options analysis for September 19
Trading TSLA lately feels like riding a roller coaster. Let's dig into the data and get a smoother ride. 🎢
thetanerd.com
SpeedyEddy
Active Member
I have been looking around for some patterns in oversoldness on the daily and what came out would be in favor of one more deeply oversold drop necessary to make the next big leap up the most likely. As @dl003 stated on tops and bottoms, the same (3 times is a charm)seems to be happening with oversoldness. Only difference is that the third one is very much more oversold than the first 2 and then there is a significant run within a few weeks, sometimes months: here are a few of them and it is very consistent!
Any educated guesses how TSLA can play out tomorrow and rest of the week?
That TSLA held $260 through all the weakness today helps make a case for more upside.
That TSLA held $260 through all the weakness today helps make a case for more upside.
I have to say that I am liking this thread a lot lately. I think the amount info that is getting posted helps to make more educated guesses. Thanks to everyone.
Shhhhh… what happens in the Tesla Options thread stays in the Tesla options thread.
just a technical bounce enabled by 3 elements.
Translation: More down from here/sell calls?
How low a strike would you do for 9/29 and would you go beyond given that you see how it’s playing out?
Edit: STO at 3:59pm
6x -C290 9/29 for $1.30 (2nd round)
10x -C300 10/20 for $5.40 (3rd round)
Learning to scale in and out to lessen impulsive mistakes and regrets. Based on PA tomorrow I plan to add or otherwise shuffle.
(-GEX Magnet at $255 is growing BTW)
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I have been very, very busy repositioning my portfolio, not quite finalised, still have some weekly -p270's to deal with and some long puts to buy
To summarise, I'm moving totally away from weeklies:
Rolled all my Dec 2025 +c140's to +c200 to take some profits
Rolled 54x Sep 2024 -c200 to 105x -c300, actually miscalculated and ended up with 125x -c300, but isn't affecting margin calculation much, so will leave for the moment
BTO 120x Dec 2025 +p270, STO 85x Sep 2024 -p300's
Also now have 30x Jan 2024 -300 straddle
Likely will roll these positions over time, but in priciple I wouldn't cry too much if the calls went ITM at expiry, there's a lot of profit in the puts, which can then be rewritten, etc.
To summarise, I'm moving totally away from weeklies:
Rolled all my Dec 2025 +c140's to +c200 to take some profits
Rolled 54x Sep 2024 -c200 to 105x -c300, actually miscalculated and ended up with 125x -c300, but isn't affecting margin calculation much, so will leave for the moment
BTO 120x Dec 2025 +p270, STO 85x Sep 2024 -p300's
Also now have 30x Jan 2024 -300 straddle
Likely will roll these positions over time, but in priciple I wouldn't cry too much if the calls went ITM at expiry, there's a lot of profit in the puts, which can then be rewritten, etc.
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Planting and growing a garden is never done…
john tanglewoo
2012 Roadster Owner
Great minds! I opened 25x -C297.5 10/20 for an average of 5.70
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john tanglewoo
2012 Roadster Owner
Postpartum of Day #5 QTA generated levels. So far 5 out of 5 days the "Daily Range Low" and "Daily Range High" accurately contained the price action and provided several long off daily low and short off daily high opportunities.
bkp_duke
Well-Known Member
Postpartum? as in . . . after giving birth?
NASDAQ is lower than last Friday, despite the prediction that there is a rate Pause tomorrow. So I'm expecting a Green Day tomorrow (if not in the morning, then in the afternoon). I also think TSLA will have a nice bounce. I think I will be writing calls tomorrow afternoon for next week. I'm tempted to buy some calls tomorrow morning on any weakness as well (but my luck isn't great with those - I think I pick the wrong strikes and my sell timing is off).
It sure feels like it some days!
I might be using the word wrong, though definitely better than postmortem ;- )
What I mean is retrospective review after the event.
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