Wiki Selling TSLA Options - Be the House

[thenewguy1979]

190/185P 11/3

Got the same Puts. Guess you close all your call for next week? Here we go again.....

 

[Buckminster]

My -P 300 Jan 24s got exercised. Two months out with almost no time value. Is this the start of the market clearing up ahead of a bounce? I have shifted out -p255s to Feb. Is that enough?

 

[ninpb]

Warning I just sold 11/3 -210C.

 

[tivoboy]

My -P 300 Jan 24s got exercised. Two months out with almost no time value. Is this the start of the market clearing up ahead of a bounce? I have shifted out -p255s to Feb. Is that enough?

In the near SHORT term, this might be the cheapest they could buy the shares to PUT you with. But still, it’s odd..could be that all the premium in PUTS is TOPPED out, if not TAPPED out.

245 is going to provide VERY strong VERY VERY strong upside resistance probably into early next year, can’t really say if FEB ‘24 is enough for that.

 

[EVNow]

Two months out with almost no time value.

No time value is the main thing.

Also, there are people who would have bought a put as a risk mitigant and they decided to get out of Tesla.

 

[thenewguy1979]

SP is trying to break that 200 resistant since the morning. Rejected at least 3 times now.

 

[Jim Holder]

So far looks like two days of consolidation in this box:

 

[thenewguy1979]

So far looks like two days of consolidation in this box:

View attachment 986775

View attachment 986776

It getting ready to rock n roll. Should be a big move coming soon.

 

[EVNow]

It getting ready to rock n roll. Should be a big move coming soon.

Which direction ?

 

[Nocturnal]

The boost over the past few mins might be related to this news.

 

[thenewguy1979]

Which direction ?

Downward.....toward 190 at least. That the plan let see if the Casino allowed. Broke 201 but might just be a temporary bounce due to above new.

 

[Max Plaid]

Ugh, this big hairy dog is feeling the heat right now! Yeah, I was very smart to buy 200x March -p200's back when the SP was in the 250's, and right now those are 100% up, nice! But being a serial weekly short writer I find myself buried under 120x -p220's, which is cramping my style somewhat

So I'm faced with a conundrum on the short puts:
a) roll them and see if the SP comes back: risk is the SP drops more, no extra loss, but a lot of potential gains gone
b) buy them back and write OTM instead: risk of the SP reversing the moment I do that - have seen this happen multiple times
c) weekly roll and knock off 10x contracts per week: probably the most sensible option straddling with calls

I guess a combination of b & c would be best - roll at -p220, straddle with -c200, write -p180's with the rest of the puts for some more premium to buy back more -p220's, etc...

Also thinking to close out all my exotic LEAP put positions, all too dependent on the SP being up next year, which doesn't seem a given to me any more. I think there's better money to be made in $1 weekly puts and calls

I told you!!! Every frikkin' time...

 

[thenewguy1979]

SP hitting 203 now. Puts expiring 11/03 are 1/2 price now. If conviction are strong on the downward movement then here a chance to load up on cheap puts.

 

[BornToFly]

If no new interest rate hikes tomorrow, maybe we get back over 210 by Friday?

 

[EVNow]

If no new interest rate hikes tomorrow, maybe we get back over 210 by Friday?

Isn't that already factored in - like 99%+ analysts think there won't be a hike. So, it all depends on the press conference and tea leaves reading.

 

[OrthoSurg]

SP is trying to break that 200 resistant since the morning. Rejected at least 3 times now.

Macro helped to break it

 

[Jim Holder]

Calls coming alive again for 11/3 as ppl cashed in their puts:

 

[BornToFly]

Isn't that already factored in - like 99%+ analysts think there won't be a hike. So, it all depends on the press conference and tea leaves reading.

I don't know. Markets got destroyed last week. Press conference will matter though. The only person who can drop the SP just by talking like Elon can is Powell....

 

[CHGolferJim]

So is this afternoon’s $5 bump random walk, options push-pull, TA-related, or Giga Mexico news?

 

[adiggs]

I love this because you are 100% correct. I can hold these shares I bought for 20+ years and never really let the share price affect me. I can just stay focused on this amazing company, it's bright future, and enjoy being a part of it, in some small way.

With this outlook you might consider not reading this thread. I'm sure it'll be entertaining, which is its own good reason to read , but we've also got an outlook and activity that can't help but keep today's share price top of mind.

A big part of what made buy and hold work so well for me previously is that I would go weeks at times not knowing the share price. That only could happen because I didn't care what the stock price was - I knew it hadn't 10x'd yet, and I knew that my fundamental investment thesis hadn't changed or been violated, and nothing else mattered. I did read the main investor's thread throughout, and this forum more broadly, but it was all about the mission, products, strategy, etc.. stuff. That got me enough exposure to ongoing share price gyrations.


I am definitely not trying to chase you off!! Just something to think about.