SpeedyEddy
Active Member
so a shallow earlier (month before) support just around 231, now is the next resistance. Hide!
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
SpeedyEddy
Active Member
While the bottoms and the tops on the minute chart are both rising I post something to consider when this turns out to be a DCB:
The possibility of new and narrower MA4x convergence is increasing every day we hover between 215 and 230. Below 215, things will deteriorate fast and direction is then set as well. Remember last year's December in which FUD was spread as widely as now (on top of Elon selling EOY 2022) as there are now suggestions that 2024 is around the corner, X is not doing well, so will he sell again?
Volumes are not (yet) alarming but when going down the ridges below to stand on get smaller and fewer, stop-losses to be triggered are @ 220 210 205 196 170
The possibility of new and narrower MA4x convergence is increasing every day we hover between 215 and 230. Below 215, things will deteriorate fast and direction is then set as well. Remember last year's December in which FUD was spread as widely as now (on top of Elon selling EOY 2022) as there are now suggestions that 2024 is around the corner, X is not doing well, so will he sell again?
Volumes are not (yet) alarming but when going down the ridges below to stand on get smaller and fewer, stop-losses to be triggered are @ 220 210 205 196 170
thenewguy1979
"The" Dog
I have never seen the market so fearful of just 1 guy.......trading volumes are low pending for his speech.
Get ready for the ride guys. I have no more skin left in the Tesla game so I'm just cheering you on while waiting for the next move.
Get ready for the ride guys. I have no more skin left in the Tesla game so I'm just cheering you on while waiting for the next move.
SpeedyEddy
Active Member
as expected higher on intrest decision..
Hope we can still be friends and that I will not be viewed as a degenerate , opened a -220/+190 bps at.75 near low if day, closed at .39 
yes, left money on table and could have probably expired, wasn't feeling it though
yes, left money on table and could have probably expired, wasn't feeling it though
Just to be clear, it's higher on the more dovish outlook in 2024, which is new, and not leaving rates unchanged in December (which everyone was expecting).
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.
If there ever is gonna be a time for Santa rally .... now is the time .
If there ever is gonna be a time for Santa rally .... now is the time .
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thenewguy1979
"The" Dog
SPY and QQQ hitting all times high. Even AAPL is going through the roof.
Santa is here already. Not sure if Rudolph and the team can carried the weight of Elon and Co.
Santa is here already. Not sure if Rudolph and the team can carried the weight of Elon and Co.
Looks like that but, let's wait until Powell done speaking to confirm. We've seen market reverse after the 1st move multiple times. I'd like TSLA to close above 234-235 today. Otherwise, this bounce wont mean much.
SpeedyEddy
Active Member
Okay, 237.90 is more than an ordinary DCB, but still no MA4x directional upward, we really need to cross 247-ish to be sure the 25% move is gonna be up. (impressive wick@ the daily of course)
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SpeedyEddy
Active Member
Really got burned today as you can imagine.
Not too happy, but our beloved stock is up at least
closed all positions to the down side. with huge losses.
Not too happy, but our beloved stock is up at least
closed all positions to the down side. with huge losses.
Hey gang, how's the stomach-acid? 
STO 100x 12/22 -c240 @$5.3 & STO 10x 12/22 -p240 @$7.6
Bears getting their asses handed to them here, JPow has jumped the dove!
STO 100x 12/22 -c240 @$5.3 & STO 10x 12/22 -p240 @$7.6
Bears getting their asses handed to them here, JPow has jumped the dove!
Wow. Glad I decided not to roll 240P to next week. I opened Monday when SP was below 240 for 6.20 and SP ending Friday 235 would still profit with BTC. Nice boost from FOMC. Now, when to close this...
12/15 $250 calls increased markedly since 2pm, while puts fell as well:
If there's unprecedented option volumes expiring Friday, shouldn't there be an extra strong attraction towards closing near Max Pain, (currently $227.50)?
Closed all positions to the down side in regards to TSLA?
Powell's dovish pivot is bullish for the macros but we are talking about macro's here being at ATH's while TSLA can't even get a 1% jump. I have a hard time seeing macro's rally much higher in Santa rally mode considering ATH's and the recent 1 month rally. I see a more meaningful macro rally in mid to late Q1 after a pretty decent rug pull to end Q4/begin Q1.
Seems more likely we get a minor rug pull sometime over the next 2-4 weeks for the macros and considering how TSLA has been continually weak for weeks now, I see continued underperformance. That 2+ year downtrend line has been absolutely solid and doesn't seem to be any catalyst big enough for the next quarter or so to break it. The new cycle has also been consistently bearish for a couple months now. Seems like the stock is destined to test the uptrend low line that would put it at 218 on Jan 1st.
Well, if +$3 and change was good enough last time, then closing out and taking the +$4.60 on the day is good enough this time, too. Could have timed it even better, sure. Could hold on and not leave money on the table, sure. But happy to just consider my work done for now, and be ready should the next interesting opportunity arise. Watching and waiting.
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