They saw the market reaction and this guy got the orders to go out and talk it down.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Personally, I wouldn't do that play. Too risky if the SP reverses back to something like 240. Hoping the SP does something so you make money is not a strategy.
thenewguy1979
"The" Dog
Below would be a far safer play based on delta of <.20 on each side so 80% chance of win. No matter how safe the play is there still hope in this dog
OK, thanks to the dip, BTC 100x 12/15 -c240 @$9.9 -> yeah, likey could have got a much beter price, but given the dumbass situation I got myself into, I'm just happy to get out of them without too much damage
Now if the 100x -c250's expire then I will acutally scrape a couple $k profit for the week...
But failing that, will roll the -c250's to -c260 next week... well planning to sell -c260's next week anyway...
Now if the 100x -c250's expire then I will acutally scrape a couple $k profit for the week...
But failing that, will roll the -c250's to -c260 next week... well planning to sell -c260's next week anyway...
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thenewguy1979
"The" Dog
battle of the 250 going on now.... Be wary of SPY - if that Macro go green it can take Tesla with it.
QTA levels for today
12/15
12/22
12/29
12/15
12/22
12/29
SpeedyEddy
Active Member
BTC CC 250 @$2.75 (just cash the $1 in one day to be sure)
standby to sell 12/22 C265 around $4 (sure OPEX will block that...)
standby to sell 12/22 C265 around $4 (sure OPEX will block that...)
I predict 249.95 to protect large 250C wall. If that fails however, 255+?
SpeedyEddy
Active Member
Sure if we are falling to 245 beforehand, call wall looks lowered today, so there might even be some rearrangement going on to 255 already. Then we could see 252.5-255 being allowed.
As I expected over here yesterday they indeed rearranged a bit higher for next week (as @Jim Holder 's today info shows indeed: shift from 250 to 260 . Completing that will maybe just be enough if the 261 fall-back happens to be on Friday, which I doubt.)
thenewguy1979
"The" Dog
We rocket today guys.. LULU went green...you know when the spandex start riding high we go up and up. JK. Happy Friday and good luck.
Weekly $1 is a lot to shoot for. I think you should be 100% defense mode right now. If we are at SP 300 on 1/12 your -C265 will be $35 ITM. You ok with that?
thenewguy1979
"The" Dog
Agreed. Right now especially is a good time to be cautious with CCs. If we break out of that two-year downtrend things could get nutty fast. Then you have headlines like this that underscore the point…
Take it from someone who lost some shares at $250 pre-split to such a scenario.
thenewguy1979
"The" Dog
Why Max? Why you gotta Call?
Not me, I've been flushing my cash down the pan this week
OK, started to build for next week, STO 35x -c260 @$3.3 -> decided to put my Jan +c233's to work rather than sell them today, plus a handful against the Jan +c300's (due to the poor Delta in those, so 1:5 ration)
Rolled to next week for a small debit, decided that I'll be keeping these near and dear, added $10 to strike now at 257.5 which sits above the gamma line at 250 for 12/22
"People’s Bank of China offered commercial lenders $112 billion in one-year loans Friday. A record cash injection into the banking system."
One worry was China , but with the above China stocks up today and i guess it is good for Tesla too ...
One worry was China , but with the above China stocks up today and i guess it is good for Tesla too ...
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