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Wiki Selling TSLA Options - Be the House

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Put side OI increased at 250 and 240, with a near even swap call side at 265 and 260. Tallest call wall at 262.5, nearest tall put wall 240, 250 up and coming. Put call ratio is 1.08 , increased from yesterday's read, aligns with weight of positive put shift.

Screen Shot 2023-12-20 at 8.23.41 AM.png
 
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Reactions: elasalle
I went in for a BPS at -255P/250P following DI003. Also observed SP have strong support there for past few days.

DI003 posting is great - I focus more on the last 2 paragraphs ;)

edit - planning to offload those call legs (262/267) of the ICs once have the chance. Too close for comfort.
 
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Reactions: DaBooster
Position as promised (completely reshuffled, based on 5 minute chart, yesterday, not any loss on closing the rest except for the C510 2026)
Shares unchanged (went out and 1 on 1/3 of it yesterday)
12/29 C 280
12/29 C 285
12/29 C 277.5
march 2024 -P 250
Totally focussed on this run and will wait for the possible huge correction later to pile up LEAPs again.
 
Strange, someone keeps adding orders each time the numbers go down. Maybe big seller/inst. not wanting to dump all at once?
Dumb question: Why do they want to sell now ($258-259) and not let it go over $260 and sell then for more gains?

1703084269498.png



Edit: Seller orders are going up...maybe MM delta hedging selling as it rises?

1703084529638.png



Edit: Growing still:

1703084848989.png



absGEX is $260 so that might explain the flood of shares for sale as $260 is attacked:

1703084936336.png
 
Last edited:
Strange, someone keeps adding orders each time the numbers go down. Maybe big seller/inst. not wanting to dump all at once?
Dumb question: Why do they want to sell now ($258-259) and not let it go over $260 and sell then for more gains?

View attachment 1001382


Edit: Seller orders are going up...maybe MM delta hedging selling as it rises?

View attachment 1001383


Edit: Growing still:

View attachment 1001385


absGEX is $260 so that might explain the flood of shares for sale as $260 is attacked:

View attachment 1001386
Thats the difference between institutions and retails. Institutions have a price they want to sell at while retails chase.