This is the 1/5/24 option chain currently:
This is a visual of the trade, bleeds very fast...
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
This is the 1/5/24 option chain currently:
This is a visual of the trade, bleeds very fast...
SpeedyEddy
Active Member
I thought this nice and completed H&S on the minute chart was evidence enough for me to EXTEND +P 250 with 75%, to hold until SP hits 236.66
[Edit] Pattern completed 11:51 and not at the moment of posting, because you got to go below and hit the neckline to complete the pattern officially, so even doubled down 11:51 with 3 more P250, totally confident! [/edit]
[Edit] Pattern completed 11:51 and not at the moment of posting, because you got to go below and hit the neckline to complete the pattern officially, so even doubled down 11:51 with 3 more P250, totally confident! [/edit]
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But here we did at least have civilised and objective discussion, no name calling or arguments... I found very refreshing actually!
SpeedyEddy
Active Member
agree and it stopped automatically, we're such decent people (and I even managed to stay out ;-)
john tanglewoo
2012 Roadster Owner
it's less than 45 days so high decay is expected.
But also worth taking chances with small amount for 1.8 M deliveries for 2023.
Let's see the trend of macro in early weeks of Dec.
Self regulation is best regulation. ;-)
Any more clarity if moves we are seeing are corrective in nature and we get $252 again today/tomorrow or $220's next and THEN another try?
SpeedyEddy
Active Member
FOMO gushing in around lunchtime, ruining H&S a bit, but the flow is still south, do not fool me
EVNow
Well-Known Member
Unfortunately - I don't think (atleast in this case) this is true.
My impression is - he lashes out when he is put in difficult positions - in this case X finances. I believe even the original controversial post was also because a lobby group had supported some boycotts of X.
Unfortunately X finances are tied to TSLA fortunes. If there is a real threat of Elon using TSLA as an ATM to fund X, the SP will crash.
ps : In the very short term - this kind of mood is not good for CT delivery event too. I'm afraid we'll see Mr Hyde in the afternoon today.
thenewguy1979
"The" Dog
Macro went South. NVDA Puts finally is moving. Unless the CT have some amazing hidden news the buying the rumor period is over.
Big man Powell talking tomorrow. SPY-QQQ are in correction with APPLE (finally).
Doggy sense say SP will bounce where they are till 1pm CT launch when we continue to go south.....
edit.... after this I'm quitting with the directional play (going Long) and focus more on selling. Less profit but much much less risk and a whole lot less stress. Cannot seem to pee straight since I got those boatload of Puts
Big man Powell talking tomorrow. SPY-QQQ are in correction with APPLE (finally).
Doggy sense say SP will bounce where they are till 1pm CT launch when we continue to go south.....
edit.... after this I'm quitting with the directional play (going Long) and focus more on selling. Less profit but much much less risk and a whole lot less stress. Cannot seem to pee straight since I got those boatload of Puts
SpeedyEddy
Active Member
Temporarily went out of P250, to get back in after a run-up @ CT-event-start, just to lock my gains
If you read the Isaacson biography, it’s pretty clear it is true. His mind is just not comfortable with peace and tranquility and he will manufacture a sense of urgency even if it is not required.
I used to wonder when the drama would end so he could relax a bit and rest on his laurels, but he doesn’t actually want the drama to end. He thrives on pressure and risk. I guess it’s good for keeping our option premiums high in the future even if it does makes for a nauseating rollercoaster sometimes.
Dabbling with a small flyer in case of an unexpectedly positive launch meeting — BTO 4 x 1Dec$245 @ $1.76 down from yesterday’s $3.75 close and $10 high.
jeewee3000
Active Member
Come on, ladies and gents. Let's stop the Elon psychoanalysis chitchat. Does not belong here.
On topic: I'm still positioned short for this CT event.
On topic: I'm still positioned short for this CT event.
Anecdotal data point. I sold a lot of Jan/Feb CC on Tue/Weds this week against other large positions in MSFT, AAPL, AMGN, ADBE, NVDA, INTC, AMAT, MAR, and they are all DOWN between 25-40% today since when they were sold, so overall FOMO run, EOM, end of big month NOV seems to really be pulling back hard at least to the extent that MM think we’re just going to continue to run up higher... IF some of these pull back harder against their ATH levels 3-5%, we could see much more downward pressure either macro or TSLA specific here in the near term on Tesla.
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EVNow
Well-Known Member
If you think Elon's behavior doesn't affect SP, I've some TSLA shares for you at $400
IMO, we should watch out for "key man risk" and not just sweep it under the carpet. That is the valuable lesson I learnt from the $400 to $100 saga.
ps : Obviously we shouldn't discuss politics itself - but we should be aware of controversies that might affect SP.
jeewee3000
Active Member
This is the OPTIONS thread. Move on.If you think Elon's behavior doesn't affect SP, I've some TSLA shares for you at $400
IMO, we should watch out for "key man risk" and not just sweep it under the carpet. That is the valuable lesson I learnt from the $400 to $100 saga.
ps : Obviously we shouldn't discuss politics itself - but we should be aware of controversies that might affect SP.
thenewguy1979
"The" Dog
My Iron Condor exp 12/1 is printing. Depending where we land this Friday going to create another condor with the BIAS on the directional side for next week.
Low profit but much safer play. This allow for a 70%+ chance of winning.
$100 a week is fine dog food for me then slowly ramp up based on equity to 1 - 5% per play.
Betting the dog house too much and I will be a homeless dog....
Low profit but much safer play. This allow for a 70%+ chance of winning.
$100 a week is fine dog food for me then slowly ramp up based on equity to 1 - 5% per play.
Betting the dog house too much and I will be a homeless dog....
Not really.
I took profit of my puts at 240. Will reenter if we see 245 today/tomorrow.
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