Though my timing and strikes may differ, I too plan to sell longer dated CCs on any substantial breakout. I will probably pair such a move with the purchase of some longer dated puts as well.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Though my timing and strikes may differ, I too plan to sell longer dated CCs on any substantial breakout. I will probably pair such a move with the purchase of some longer dated puts as well.
SpeedyEddy
Active Member
I will be very surprised if we end HIGHER on Friday…I’m busy selling JAN/FEB calls against about half my portfolios.
llirk
Member
This thread rocks! Thanks to all the contributors who share their collective wisdom to help us all.
Feeling like I may have to throw in the towel on my -c240's for this week - most of the extrinsic is washed-out, so that's OK, hard to see it improving much from here
Gonna roll the majority up to -c260 and sell my Jan 19th +c233 LEAPS while they have some decent value still as I want to take the loss in 2023, have been positioning for it all year (loss = -$140k, plus -$250k on my GOOGL Jan +c150's, boo!)
If 260 yets whacked then I push them out to Jan -c270 ratio straddles as mentioned earlier
Gonna roll the majority up to -c260 and sell my Jan 19th +c233 LEAPS while they have some decent value still as I want to take the loss in 2023, have been positioning for it all year (loss = -$140k, plus -$250k on my GOOGL Jan +c150's, boo!)
If 260 yets whacked then I push them out to Jan -c270 ratio straddles as mentioned earlier
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SpeedyEddy
Active Member
SpeedyEddy
Active Member
thenewguy1979
"The" Dog
If we break through 265 this week - My plan for next week is to sell BPS and used the credit to BTO debit call spread toward the upside.
Max lost would be the BPS if SP dump. If SP postured below the call spread or stay flat I break even. If it pump then free play.
If we ended below 260 this week then I just continue what I do this week......waiting for a sign from our TA God/Goddess
Max lost would be the BPS if SP dump. If SP postured below the call spread or stay flat I break even. If it pump then free play.
If we ended below 260 this week then I just continue what I do this week......waiting for a sign from our TA God/Goddess
STO 10x -C300 2/16/24 @$6.50 (I’m chicken to tempt -C265 like @tivoboy, even though $278 is the likely top of this run if we even see it. And we can BTC at next bottom rotation.)
This is in addition to:
10x -C280 3/15/24
15x -C300 3/15/24
This is in addition to:
10x -C280 3/15/24
15x -C300 3/15/24
OK, made what I felt was a necessary move...
BTC 100x 12/22 -c240 @$16.9 (net -$10.5) -> STO 100x 12/22 -c260 @$2.7
STC 15x 1/19 +c233.33 @$28.65 (net, wait for it... -$95!!
)
BTC 100x 12/22 -c240 @$16.9 (net -$10.5) -> STO 100x 12/22 -c260 @$2.7
STC 15x 1/19 +c233.33 @$28.65 (net, wait for it... -$95!!
)
OK, made what I felt was a necessary move...
BTC 100x 12/22 -c240 @$16.9 (net -$10.5) -> STO 100x 12/22 -c260 @$2.7
STC 15x 1/19 +c233.33 @$28.65 (net, wait for it... -$95!!
Curious how was the 1/19 +C233.33 negative -$95?
Do NACS announcements still pop the stock?
Because they were bought January 27th 2022 when the stock was trading arounf $900 (pre-split)
Seemed a good idea at the time! "Buy ITM LEAPS", they said, "so you can sell calls against them"
Obviously beginning of this year these weredown to $4.50, so I was smart to holed them and get $28 back now, but wouldhave been even smarter to sell them for $84 in July
But we always think TSLA is going up, don't we....
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