Wiki Selling TSLA Options - Be the House

[jeewee3000]

just BTO P250 for 12/8 @ $14.90. These are already $16.50
Maybe today IS THE 225 day

Maybe, but it doesn't quite fit the chart.

It depends if wave 2 has ended or not. It could be that today's high of $239.19 was it, and we have started wave 3 towards sub 226 (220 is the floor for this wave).

More likely tomorrow or Thursday we will spike once more to the low $240's (CT FOMO ?) and then we drop, most likely on Thursday if you ask me.

After that, don't fall into the trap of timing a bottom. We'll have a small rise on wave 4 and then another drop (lower than 220) to complete this 5-wave pattern.

The moment I see $240-$242 before Thursday I'm selling some more calls.

 

[SpeedyEddy]

Maybe, but it doesn't quite fit the chart.

It depends if wave 2 has ended or not. It could be that today's high of $239.19 was it, and we have started wave 3 towards sub 226 (220 is the floor for this wave).

More likely tomorrow or Thursday we will spike once more to the low $240's (CT FOMO ?) and then we drop, most likely on Thursday if you ask me.

After that, don't fall into the trap of timing a bottom. We'll have a small rise on wave 4 and then another deeper drop to complete this 5-wave pattern.

The moment I see $240-$242 before Thursday I'm selling some more calls.

It was meant as a day-trade, (normally don't BTO) and I don't think CT will be a FOMO-event, but more like a STN event unless it will bring a very unexpected prosperous outlook on something else.

 

[Jim Holder]

For reference:

Wave 2=$241.02
Wave 3=$214.00
Wave 4=$221.00
Wave 5=$206.00

Credit: @dl003

 

[juanmedina]

Absolutely boring. I have done nothing waiting on the Cybertruck pump. I might sell some December 8th $235's and see what happens.

 

[SpeedyEddy]

For reference:

Wave 2=$241.02
Wave 3=$214.00
Wave 4=$221.00
Wave 5=$206.00

View attachment 994392

Credit: @dl003

I Might suggest trading fib 38.2 level as being possible turning point for 23.6. In which case.. that would be 239.18 (and that is what we have reached today already.. (reason for me to immediately BTO put which I traded down to 245 from 250 already.)

 

[SpeedyEddy]

Ok, not yet the (sub-)225-day, so I bailed out on a net profit and even BTO 12/8 C 210 instead as a day trade for the current bounce

 

[SpeedyEddy]

Ok, not yet the (sub-)225-day, so I bailed out on a net profit and even BTO 12/8 C 210 instead as a day trade for the current bounce

closed these calls on again a nice profit

 

[elasalle]

Absolutely boring. I have done nothing waiting on the Cybertruck pump.

ditto.
got 11 shares from Dec 15th(17 days) $305 CCs at .20 cents

 

[juanmedina]

about time... come on

 

[SpeedyEddy]

I Might suggest trading fib 38.2 level as being possible turning point for 23.6. In which case.. that would be 239.18 (and that is what we have reached today already.. (reason for me to immediately BTO put which I traded down to 245 from 250 already.)

OK that suggestion was not necessary , even 241 incoming!

 

[jeewee3000]

STO 12/8 C225 @17.5

EDIT : and @18.0

Have several orders in (for $19, $20 etc)

 

[SpeedyEddy]

STO 12/8 C260 @$ 1.65

 

[john tanglewoo]

STO 12/8 C225 @17.5

EDIT : and @18.0

Have several orders in (for $19, $20 etc)

You sold those way in the money yeah?

Fed governor says he could see Fed cutting in a few months if inflation comes down…. Here we go… Maybe that's why the pop

 

[MikeC]

Bought a couple 235p for Friday based on hitting DL's 242.50. I'm less comfortable with my ITM calls today but still expecting a sell the news on Thursday/Friday.

 

[BornToFly]

Sold 252.5CC for Friday against buy-write shares from a couple weeks ago.

 

[Jim Holder]

We are hovering in the Volume Profile POC = today's R2. Timing of incoming dark flow coincides with the 5-point jump.

(Credit: Yoona)

 

[Jim Holder]

@dl003 Can you share insight with us from IV and flow observations?

 

[intelligator]

Sold 12/1 -c250 @ 1.60 a half hour ago while SP at 241.xx ... red hourly at 12:30, time to pick up some 12/8 puts?

EDIT: 12/8 +225/-220 are .60 right now...

 

[dl003]

@dl003 Can you share insight with us from IV and flow observations?

Nothing's changed. I added more puts.

 

[Jim Holder]

BTC all at lows for around $1,800 overnight scalp.
Looking to STO again on next pop if we get one.

STO (3r roundtrip...):
10x -C250 12/1 @1.85
15x -C252.50 12/1 @1.35
10x -C255 12/1 @1.00

15x -C255 12/8 @ 2.60
10x -C260 12/8 @1.68
12x -C265 12/8 @1.20
(Plan is to close the 12/8's on any decent dip and not hold them to end in case TSLA reverses from any dip quickly).

Holding:
30x +225/-220 12/8 BPS @ 0.89 avg