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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
I always thought the guy is a fan of Girls Generation. I have been following yoona(the actress) for over a decade as I am also a fan of her work. Just finish watching one of her dramas recently.
thenewguy1979
"The" Dog
Man I love you guys. My dog brain just gotten bigger. Maybe someday big as Max Plaid….
Yep, you can have the best stragedy in the whole world but that 1 time when you think you know it all Greed knock you out…… good things I know I got the team here for feedbacks before I make any jump.
Yep, you can have the best stragedy in the whole world but that 1 time when you think you know it all Greed knock you out…… good things I know I got the team here for feedbacks before I make any jump.
The good thing though, is that there is nearly no situation where that “1 time …will knock you out” if you know how to roll, or learn when to bail early and take the early first loss. It’s a pretty catastrophic market or equity failure and of course really really bad over levered positioning that could create that much damage in 1 trade. A loss is a loss though, but it’s also an asset (in most parts of the world).
thenewguy1979
"The" Dog
This week plan is to wait till we see a concrete movement pattern on Tesla before getting in. Seem it either blew blast 240 or do the down and up dances.
Safe bet is to join DI003 to short AAPL. Getting 170p and waiting it out.
Most likely we should be seeing a Macro correction early this week due to the crazy bounces last week.
Safe bet is to join DI003 to short AAPL. Getting 170p and waiting it out.
Most likely we should be seeing a Macro correction early this week due to the crazy bounces last week.
Some updated data from Cary to add to the mix when considering selling options this week:
Above $218.23 can lead to $225.26 which can contain weekly buying pressures. Still no reason to be long, he says, until TSLA closes over $226.
A firm close over $226 TSLA can see $246 by end of this week
Below $225.26 keeps $181.91 channel bottom in reach in 1-2 weeks.
If we break or open below $218.93 then $207.94 in reach same day or 1-2 days. That can be a good place to take profits from shorts/puts and go long anticipating $225.26.
A close below $207 not good.
Bottom line: A close over $226 is a buy signal for a rally into December and possibly Q1-24, with a target of $260-$272.
Above $218.23 can lead to $225.26 which can contain weekly buying pressures. Still no reason to be long, he says, until TSLA closes over $226.
A firm close over $226 TSLA can see $246 by end of this week
Below $225.26 keeps $181.91 channel bottom in reach in 1-2 weeks.
If we break or open below $218.93 then $207.94 in reach same day or 1-2 days. That can be a good place to take profits from shorts/puts and go long anticipating $225.26.
A close below $207 not good.
Bottom line: A close over $226 is a buy signal for a rally into December and possibly Q1-24, with a target of $260-$272.
Probably not too many people know this, but on Etrade, and I think other places, you can chart option prices just the same as stocks:
EVNow
Well-Known Member
Ofcourse it’s possible the person is female. I wonder whether a lot on this forum would have thought so if the image was Taylor Swift’s instead of a Korean star.
EVNow
Well-Known Member
Have to check on E*Trade, but on Fidelity this doesn’t work once the option expires. So, can do back testing using this method.
Typically males would avatar an Asian female as they are fans, or avatar some super model in skimpy clothing. A female is more likely to use an avatar of someone like Taylor Swift. Asian female stars has little fanatics who are female outside of Korea/Asia. So unless you think Yonna is a Korean girl, then it's most likely a dude.
Yes, we know it's a fake avatar, but Yoona had a different female avatar prior to that one... (older and rather attractive I would say!)
OK, my 2c on the ongoing discussion on risk and OTM-ness...
For me you have to trade both directions, so sell puts and sell calls, one side will win (although volatility might make both of them lose like myself last week)
Trick is not only to write far enough out that you have time to react, but if possible to write at strikes you can stomach going ITM
How to achieve this:
- as said above, avoid writing calls during local lows/support and puts at locals highs/resistance, or, if you do, be ultra-cautious
- write calls/puts that you don't mind being assigned, i.e. play the wheel
- write against a %age of your possible positions - if you keep some contracts in-hand then you can add when you roll, you can 2x the contracts for hand the premium to get a much better strike
- be prepared to sit it out: if you've written puts in a dip or calls in a peak and they've gone ITM, or the the SP has been trading in a range, then experience has shown that with a little patience the SP often comes back up/down
Writing against a %age of possible contracts is one of my favourites, not only can you double-up to help a roll, but you can also do alternate weeks - so write 25% of puts for this week, 25% for next, then if you do get caught OTM you can roll out two weeks for each one, get a better position, and not feel like you're losing too much, then the existing 50% you can keep to either double-up the rolls or write now the SP is more in you favour
A bit of short covering this morning, by the looks of it?
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I though it was generally understood/assumed around here that Yoona is female.
She has mentioned her husband and daughters in the past, never objected to others referring to her as "she", "her" etc and often addressed the majority in this thread as "boys". I guess the threads getting so long now that its hard for anyone newer to it to absorb all the history.
Thoughts on this week's -c230's... if I feel I need to roll, I'm taking half of them out to September -c265, which will pay around +$32 and by forming a straddle with -p265's will facilitate rolling-down -p300 strikes, which are written against Dec +p270's -> much safer position
Will buy the -c265's back as and when we pull-back
The other half are written against the March +c240's I bought last week which I'd like to sell when they get to 2x - 3x around 240 - 250, then will sell aggressive puts against them to convert to shares
That's the plan!
Also looking to sell some more -p220's for next week, or alternatively two weeks ahead if premiums are sucky
Will buy the -c265's back as and when we pull-back
The other half are written against the March +c240's I bought last week which I'd like to sell when they get to 2x - 3x around 240 - 250, then will sell aggressive puts against them to convert to shares
That's the plan!
Also looking to sell some more -p220's for next week, or alternatively two weeks ahead if premiums are sucky
FYI for Schwab people. I just checked my account and it got moved fine in the Schwab app.
However when I used thinkorswim I could only see my previous Schwab accounts and not my TD. I logged out and and in multiple times same thing. I then tried switching to paper money and then back to real money/login and there were my TD accounts.
However when I used thinkorswim I could only see my previous Schwab accounts and not my TD. I logged out and and in multiple times same thing. I then tried switching to paper money and then back to real money/login and there were my TD accounts.
Maybe @Yoona's still reading this thread...?
She also states that gamma magnet moved down from 230 to 225
She also states that gamma magnet moved down from 230 to 225
Good thing they did a lot of stress testing before moving you…ghu
Just opened the ThinkOrSwim UI for the first time, and I think I had a seizure.
Nice thing is, you can make it your own..it’s probably the most customizable UI next to a BBT
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