For this er I'm leaning towards sitting it out, letting it decide which direction it decides to go and then coming back in with csp and CC sales. Playing it much more conservative especially with macro situation being so volatile
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
EVNow
Well-Known Member
SpeedyEddy
Active Member
Just following this thread, but I stand by my opinion that lower is the way we go for now, 212 being the target before EOY, if failed to hold 189, if failed to hold 145 (if the world is really falling apart). But I will not bet on either one, halved my short positions, cashing a big profit on Friday and again am out of stock (mainly). Will DCA in at around 241-245 but cover those imediately with p, financed with -C as before. I will sell the calls earlier than buying the puts, assuming I am right about the direction this week. But I warn everybody about black-out period for buy-backs ending this week! Might make S&P Rise a lot, starting Friday, pulling $TSLA upward. My 2cts, no investing advice.
Checking OI shift Friday, sudden new interest at p230 and c272.5/c275, max-pain is at 250 (no movement at 250 may be a data error), put call ratio is at .93, slightly more calls. OI peaks are about the same from 200 to 300. Pre-market was interesting , let's see what the morning brings.
Same pattern we've been seeing for weeks, nasty pre-market and a big pop at open... will it sustain, no idea... macro looking happy enough for the moment
GOOGL is one I'm watching almost as much as TSLA - I rashly bought a load of +c150's when then announced their stock split, back in the day, expecting some easy gains, didn't turn out as expected, but if it can go +25% from here I'll get my money back, quite a substantial sum of money as it happens
GOOGL is one I'm watching almost as much as TSLA - I rashly bought a load of +c150's when then announced their stock split, back in the day, expecting some easy gains, didn't turn out as expected, but if it can go +25% from here I'll get my money back, quite a substantial sum of money as it happens
QTA Levels for Today
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thenewguy1979
"The" Dog
SpeedyEddy
Active Member
Managed to roll -c280 to -C270 with (4 dollars profit taken) the opportunity to get out without a loss on SP 274 Friday, off course will close earlier if my prophecy of falling throughout the week is correct. (Same kind of roll on NVDA, which looks really like a lot of free money , to sell those 600+ calls. Doubled my KRE put 41 position))
Macro has really saved TSLA so far today. Hopefully this continues. I too am worried about events in the Middle East. I did not take the Russian invasion in 2022 seriously enough and paid dearly for my mistake. The last thing we need is another down market for a year because Arab countries get involved....
thenewguy1979
"The" Dog
yep, Tesla movement is dictated by Macro. For daily - the 5 minutes chart showing a wedge pattern respecting ema 13.
Pardon my ignorance, but what buy-backs are you referring to?
thenewguy1979
"The" Dog
Closed my -p250 before this little drop. Volume seems low today, looking to be under 100M shares for the first time in a while. I don’t trust it, still holding a -250c along with -c260/267.50/275.
And with “macro” up 1.25% today at the peak, what? Peanuts? Normally, technically (not technically really but mathematically) we should see closer to a 2.5% move, not .5%.
thenewguy1979
"The" Dog
MikeC has pointed it out. Volumes is unusually low. Not even crossing the 100m mark and this is just few more days going into earning. If we check Nvidia and Apple same things in term of volumes. Guess everyone is playing it safe and wait and see, more so on Tesla with earning coming up, henced the lower movement vs Macro.
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