Wiki Selling TSLA Options - Be the House

[TexasGator]

sold 10x 1/5 C275 for 1.05 - will most likely ride thru the wkend unless there is a big drop (doubtful since we at max pain)

 

[BornToFly]

@Yoona You might want to make a post on X letting people know that a scammer is impersonating you and messaging people to join Telegram, and asking to join your trading group. Someone is taking advantage of your awesome trading reputation.

 

[Jim Holder]

Bounces are being sold into:

 

[EVNow]

Bounces are being sold into:

View attachment 1004097

Or people closing their long calls.

Yesterday’s decline was as puzzling as the earlier ramp up. Perhaps a case of buy the rumor and sell before the news now that everyone thinks SP will go down after the news ?

 

[dl003]

If TSLA touches 247 today then my money will be on a bounce after P&D. Then we'll see.

 

[SpeedyEddy]

ok, this is nice (correction as expected, fulfilling early on the day) and logical (almost no puts in the market this morning).
P&D seeming good enough to make the train getting back on track.

 

[UncaNed]

If anyone smarter than me has thoughts on likely SP lows today, your thoughts would be... helpful.

'Scuse me; I'm feeling antsy today...

 

[tivoboy]

Planning to buy back the 2/23/24 10x -C265 sold at $18.6, when we get to $11 or lower. May do 7 buy back, and wait a tad. Premium has cratered nearly 50% in a DAY.

I think we’ll get another chance to run this game next week possibly lower strike, higher Premium or same strike again, most likely Tuesday 1/2/24

 

[Yoona]

1/5 240 -gamma is taller than the 270 +gamma, we have risk of falling further

then, 1/12 perhaps up again to the 270 gamma magnet

yeap, 240's as expected

 

[elasalle]

Closed my Jan 05 CCs … let’s see if we can milk it next Tue again
Sold one Jan 26 220 PUT
I’m thinking we will beat numbers and have positive momentum going into earnings

 

[thenewguy1979]

Made my bets. Instead of going long put I decided to do an IC's -235p/-255c

PD may come in positive but may not be super good and people will wait for earning. Flat or down. BIAS on downside.

exit plan - bailed once hit 50% profit. If 235p ITM roll out - If 255c ITM roll out, or cut short leg if we pump like no tomorrows.

edit - dumber me previously just go long. Smarter me (I hope) just sell and have backup plans.....
note to self - letter to Santa don't work -send too late. Next year write one sooner...sorry guys...the dog did tried

 

[EVNow]

Sorry, I misread your post. I didn't realize you were talking about the leader of India, and not Elon. I don't know enough about India to know if setting up a factory there is a risk.

Oh … even I won’t call Elon fascist, though he has shown some strange, inconsistent political behavior.

ps : Bought back all my puts and calls for a cent. No open options going into P&D - feels good to watch from the sidelines rather than hit refresh every 5 seconds for P&D.

 

[dl003]

Made my bets. Instead of going long put I decided to do an IC's -235p/-255c

PD may come in positive but may not be super good and people will wait for earning. Flat or down. BIAS on downside.

exit plan - bailed once hit 50% profit. If 235p ITM roll out - If 255c ITM roll out, or cut short leg if we pump like no tomorrows.

edit - dumber me previously just go long. Smarter me (I hope) just sell and have backup plans.....
note to self - letter to Santa don't work -send too late. Next year write one sooner...sorry guys...the dog did tried

wow. just wow.

 

[Jim Holder]

Thanks to this dip I BTC various short calls to capture decent gains against losses before the tax year turns so the income is "free."
I'll be very happy to STO the same positions again next week if we get back over $250+. If we dump further I'll just STO down here with having still captured the gains in 2023.

Fun times!

 

[thenewguy1979]

wow. just wow.

Didnt forget hit 247 abandon all short and go long....

Only does 1 contract (not sell the house). Saving gunpowder.

 

[mickificki]

Planning to buy back the 2/23/24 10x -C265 sold at $18.6, when we get to $11 or lower. May do 7 buy back, and wait a tad. Premium has cratered nearly 50% in a DAY.

I think we’ll get another chance to run this game next week possibly lower strike, higher Premium or same strike again, most likely Tuesday 1/2/24

sold 10x 2/16/24 -C260 about 8 days ago when you mentioned your plans on selling Feb calls. Sold for $19.90, bought back this morning at $13.80. Thank you for the idea, much appreciated.

 

[SpeedyEddy]

few losses on day trades now, but closed (BTC) -P255's as well on the way down, to make room to buy the shares even lower, order placed to Buy @ $247.05

 

[juanmedina]

Closed my 255cc's at $0.18 after selling them for $4.50. Closed everything else from 290-260cc's. Sold about 20x puts from $247-235 way too early for next and I am not feeling confident about those. TSLA is making me sad lately is like a death stock.

 

[Jim Holder]

BTO small amount of +C150 12/19/25 @$127.45
I plan to STC at next local top. Will cut if we lose $244.80.

 

[ZenMan]

Bought Jan 5 +252.50C -257.50C Bull Call Spread for $1.70.

Which one of you sold me the $252.50s?