If one of us felt compelled to buy a few 20 June 2025, $300 strike calls on this dip... should their friends feel compelled to try to stop them??
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Yes. Unless the person buying those *promised* to sell them before early next year.
I also have some -C300 9/2024 — from a DITM cc roll. What is your thinking about these? I have some April ‘24 $300 that I’m waiting to resolve before looking at the Sept. ones. May roll into a ladder of price points I want to harvest at, depends on values March or later.
I am still learning my way and dunno much about managing longer dated contracts. I mainly dabble in CCs 1-2 weeks out. Anything further out I leave to the pros here. Maybe some will chime in to help u.
Many things can be done - you can roll them closer nearer the money if you think the SP is going nowhere. You can straddle with puts at the same strike/expiry and half your exposure/risk, lot's of different tricks to be played -> extreme case, you have 100x contracts worth -$1, you oculd roll the lot to a single contract worth -$100, then roll that forever, but free up the other 99x contracts to sell weeklies, etc. really, be creative
Yes, I’ve been looking at down and in options for several months as these cover half my shares, e.g., could move to April $250 (or June $265) at zero cost vs. $24 btc, but those feel too close to ATM given chances of Dec/Jan rally, good news, technical factors, etc. Feels like basing tactics on “SP going nowhere” is high risk. A move to $255-$260 before a dip seems more likely which should make down and in rolls more favorable.
Opened (STO) some next week 225 puts at 2.24. I had opened, and then closed, 230s for this Friday - in both cases I want to buy the shares. But at the end of last week I had a great close available and decided to take it in case we'd have a down day today.
My thinking here - these represent a quantity of shares that I would like to own. If I was ready to buy at 230 last week, then surely I'm ready to buy next week at 225!
It's about half of a position worth, so if we keep going down I'll probably be opening 220s or 215s with the other half later in the week.
My larger bias is more down than up from here, though I don't have any TA to support that. I'm so wrapped up in the pre-split price - I view our current share price as pretty middling for the trading range of the last year or so (roughly 700 pre-split). I'm actually hoping for another break below this level - if we see 210 again (630 pre-split; a price we have dropped below, but never for very long, and always with a strong rebound) I'll be getting all the shares I'd like to have for selling cc against, and probably also buying long dated calls for capital appreciation.
My thinking here - these represent a quantity of shares that I would like to own. If I was ready to buy at 230 last week, then surely I'm ready to buy next week at 225!
It's about half of a position worth, so if we keep going down I'll probably be opening 220s or 215s with the other half later in the week.
My larger bias is more down than up from here, though I don't have any TA to support that. I'm so wrapped up in the pre-split price - I view our current share price as pretty middling for the trading range of the last year or so (roughly 700 pre-split). I'm actually hoping for another break below this level - if we see 210 again (630 pre-split; a price we have dropped below, but never for very long, and always with a strong rebound) I'll be getting all the shares I'd like to have for selling cc against, and probably also buying long dated calls for capital appreciation.
thenewguy1979
"The" Dog
What is the longest duration anyone kept rolling a contract till it out of the money in values?
Theoretically based on the notion that stock always goes up (if it's a sound company) let say I sell a 1 year PUT and made $1K in credit. Can I keep rolling it out year after year tell values of that option goes down to zero? That's if the roll gained more credit. If debit then it's a matter of offloading since rolling it won't offset the drop and just compound the lost.
Theoretically based on the notion that stock always goes up (if it's a sound company) let say I sell a 1 year PUT and made $1K in credit. Can I keep rolling it out year after year tell values of that option goes down to zero? That's if the roll gained more credit. If debit then it's a matter of offloading since rolling it won't offset the drop and just compound the lost.
Knightshade
Well-Known Member
In theory? Sure.
But in reality sometimes during a major dip puts get assigned early.
thenewguy1979
"The" Dog
Rebound incoming then back to posturing waiting for CPI tomorrow, aligning with big Tech.
Macro SPY and QQQ are greens getting ready for big data.
Get ready folks...it's coming.
Macro SPY and QQQ are greens getting ready for big data.
Get ready folks...it's coming.
$250 calls for 12/15 increased despite weakness:
thenewguy1979
"The" Dog
So frustrating watching so many tickers at ATH today and yet we TSLA faithful are stuck in a rut. Some days I look over the fence to the "other side" (ahem...NVDA) and feel it stole our thunder.
Hopefully TSLA wakes up at some point.
thenewguy1979
"The" Dog
We should have been doing long on LULU.
Who would of thought.....506 today....
I did sell ITM 460P last week and gained couple hundreds. Could have couple that with a debit call spread based on the credits for a free shot on the upside.
But that's just plain greed and adding more risk.
I think Tesla today is just following big Tech and people are de-risking prior to big Data. Have faith and we shall ride tomorrow - hopefully up
Who would of thought.....506 today....
I did sell ITM 460P last week and gained couple hundreds. Could have couple that with a debit call spread based on the credits for a free shot on the upside.
But that's just plain greed and adding more risk.
I think Tesla today is just following big Tech and people are de-risking prior to big Data. Have faith and we shall ride tomorrow - hopefully up
If they're CSP's then it's no problem, then if they did get early-assigned you can resell immediately (note that doesn't work well for me as I get 0.30% tax share trades and 0.35% broker fee on option exercise/assignment, but if your fees are low you could indeed roll a put forever, but obviously the longer you do it, the lobger you're exposed to an extreme black swan, Elon getting assasinated, sweeping political change making BEV's untennable, NATO openky at war with Russia or China, etc.
Yes Puts are assigned at the worse possible timing regarding margins. When its bad for you then expect the assignment.
In the past I have sold ATM 30 DTE cash secured puts on local lows. I really like the dynamics of these options as there are enough time value that its not likely to be exercised and since its at or near local lows chances of rising stock price are higher. With ample time for the share price to move up the stomach acid doesn't usually go wild.
Now writing this out makes me want to sell longer dated puts. Will think about portioning some of the recent cash from exercised CCs to sell 30 DTE CSPs. I think 220-230 share price would be a good working range.
Not sure why you would ever need to roll for a debit, unless you're rolling forward in time (to try to get it to close sooner)?
So I had a 12/2024 -360p that I had opened in Dec '22 (to consolidate a couple of underwater CSP's to reduce my margin requirement). It should get zero'd out in the next few months, but that's due to split rolling a little each week over the past year. Example (not the actual trades, since I'm too lazy to find the exact amounts):
- started off in Jan '23, split-rolled the 12/24 -360p to -01/25 -350p + weekly -140p + $100 credit
- after the -140p gets closed, split-rolled the 01/25 -350p to 06/25 -330p + weekly -200p + $100 credit
- after those got closed, rolled the 06/25 -330p to 12/25 -300p + weekly -240p + $100 credit
- IF SP drops, then solve the -240p first (took months of rolling), before attacking the 12/25 -300p again.
- when the weekly short put is solved, then rolled the -300p down into 12/25 -290p + weekly short put + $100 credit
- until I got to 12/25 -250p, then I started rolling those forward to 06/25 -270p + weekly short put + $100 credit
- it's now at 02/24 -260p + 12/15 -240p. If SP is around 240 this friday, I'll make the following future rolls:
- BTC 02/24 -260p + 12/15 -240p & STO 01/19/2024 -260p + 12/22 -240p & $100 credit
- BTC 01/19/2024 -260p + 12/22 -240p & STO 01/19/2024 -250p + 12/29 -240p & $100 credit
- BTC 01/19/2024 -250p + 12/29 -240p & STO 2x 01/05/2024 -245p & $100 credit
At least that's the plan and it ONLY worked BECAUSE it wasn't another 2022 bear market. So the end result is that I had tied up almost $50k in margin to collect almost $3k in premiums. I know others can do better, but this worked for me.
Last edited:
Patience and creativity are great assets in this game, also not betting the farm is crucial, always have some free contracts/cash/margin to facilitate such escapes
thenewguy1979
"The" Dog
We closed at 239.74 today but hit lower then 238.89 on 2 x 1hr candles. Guess that still bullish and setting up for the CPI play tomorrow.
Based on big tech dumping I think today was more of a Macro Tech play then anything to do with Tesla.
SPY and QQQ are set up nicely for CPI - both are in Greenland.
Fellow degenerates holding out for CPI tomorrow - let hope we eat filet and not dry kibbles by Friday
Based on big tech dumping I think today was more of a Macro Tech play then anything to do with Tesla.
SPY and QQQ are set up nicely for CPI - both are in Greenland.
Fellow degenerates holding out for CPI tomorrow - let hope we eat filet and not dry kibbles by Friday
Everyone relax. I've started my Colonoscopy prep. I have to be at the hospital at 8:30 tomorrow. Cheeks up at 9:15am (MST). Everyone who has been on TMC long enough knows this means SP 
Trade wisely tomorrow.
Trade wisely tomorrow.
Similar threads
