I didnt say its gonna go down to 185. What I said was 185 would be the limit of this drop.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Cool, I won’t have to manage margin calls.
Thanks to your TA, I closed most of my longs around $255 and reopened then in the low 200s.
I should have followed you when you closed your longs around $270, unfortunately I missed that post. Some days I don’t have time to come here and it cost me some money left on the table.
Thanks
Thanks to your TA, I closed most of my longs around $255 and reopened then in the low 200s.
I should have followed you when you closed your longs around $270, unfortunately I missed that post. Some days I don’t have time to come here and it cost me some money left on the table.
Thanks
SAPharmD
Member
I'm new here but I have been lurking for a while prior to making an account. Thanks to you guys (and Wicked Stocks) I got my share count goal today! Thank you again! Cheers!
Post in thread 'Selling TSLA Options - Be the House'After this Friday (call wall at $220) calls fall off for the whole November and TSLA is put heavy
11/10 - 12/01
View attachment 986514
For comparsion, here is 11/3 (this Friday):
View attachment 986515
Wiki - Selling TSLA Options - Be the House
OK, so I BTC 30x Jun 2024 and 20x Sep 2024 -c270 for around 35% gains, more to be made from $1 weeklies on these, roll back to where they were if it comes to it
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What do you make of them?
Are they possibly "old" protective puts left over from the painful days of 2022 or a hint we going down steeply? There's no way so many people knew so far back that TSLA would have poor sales and give lousy guidance, unless it's just a good guess or things work differently ;- )
Edit: I recognize that the options field can change bullish on a dime when sentiment shifts, so nothing is set in stone.
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You’re not alone. Bought 200 shares at $195. Probably not the bottom but I’ll be adding more if we go down more over the next few weeks.
BTO/added 2 more +C300 1/16/26 @$37.22.
In addition to long commons position, holding as of now:
6x +C300 1/16/26 @$43.22 avg. (red ~$3k)
8x +C150 12/19/25 @ $149.80 avg. (red ~$50k
)
25x -P300 12/19/25 @$98.39 avg. (red ~$45k)
May have to manage this one if we break $190 and race down; possibly flip to -C500 12/2025 until bottoms?
25x +P120 12/15/2023 @$0.50 (**Sugar** puts)
In addition to long commons position, holding as of now:
6x +C300 1/16/26 @$43.22 avg. (red ~$3k)
8x +C150 12/19/25 @ $149.80 avg. (red ~$50k
)25x -P300 12/19/25 @$98.39 avg. (red ~$45k)
May have to manage this one if we break $190 and race down; possibly flip to -C500 12/2025 until bottoms?
25x +P120 12/15/2023 @$0.50 (**Sugar** puts)
Nice, TSLA doing better than the rest since 14:30... looks like 198 became resistance... a close above 200 would be some kind of pyrrhic victory....
EDIT: Booo!!!!
EDIT: Booo!!!!
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thenewguy1979
"The" Dog
Thanks. Getting ready to panick now so I dont have to panick tommorow.Opportunity to get in on some options. Are you loading on some puts for this week?
Do you have a read/theory on the bearish November options positioning or is it simply the lousy guidence?
No, I'm done with puts. I bought calls for next week.
I don't much care for that data. Never got anything useful out of it so I don't get why people keep speculating over it. I sell a lot of calls and puts. When I see call prices crashing and/or put prices jumping disproportionally to the underlying movement, I get defensive. Otherwise, people can burn money in any way they see fit. Unfortunately, the balance between the calls and puts in my account has been pushed to the extreme so I need a few more days to recalibrate. There's not much I can read from premium today. Right now the chart says there's little meat left on the short bone.
Thanks.
The BEST part of all of this is that we don’t have to wait to the end of the year to see how your bet re TSLA being below $200 plays out. Seems the broader TSLA market sent a loud a clear signal for you to stay with us ;- )
PS Now we need to aim for $300 by end of 2024 if we can be so lucky
thenewguy1979
"The" Dog
Was planning to wait to see if there's more downside so Call become cheaper. Will wait for the V and FOMC and Apple impacts.
The market is a tough casino but with all the awesome poker hands we have here we can collectively learn and wins more then we lost, ....... I hope
Powell might surprise us and we enter a soft landing soon and that $300 target wont be that far off.
SAPharmD
Member
That’s as far down as I can see it going. Hopefully November will bring a green market, but then again, what do I know lol.
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