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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
TSLA can’t hold its lunch
P/E of 73 is bursting its britches…
Down almost $30 in 4 sessions. That is TSLA!
Went flat on all short calls into the nice fade at close, including the new ones I sold today at mid-day $241 pop, for a $14,200 win. Not intending to brag but to demonstrate how scalping can add up. Up almost $20k since start of the year without touching my longs.
Today's scalps:
I left three positions open:
-P290 9/20/24 @58.65
-P250 1/17/25 @46.18
+C150 12/2025 @122.82
Yes, tilted bullish, but I'm prepared to flip bearish again and re-sell short calls if we don't get relief tomorrow.
Fun!
Today's scalps:
I left three positions open:
-P290 9/20/24 @58.65
-P250 1/17/25 @46.18
+C150 12/2025 @122.82
Yes, tilted bullish, but I'm prepared to flip bearish again and re-sell short calls if we don't get relief tomorrow.
Fun!
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We closed 2022 at $123, and the first day of 2023 at $108
It then dropped to low of $101.81 on 6th Jan, then started to bounce, 26th and 27th Jan were both +11% days
So whichever way you spin it, this year is a dramatic improvement over last, most of us having puts assigned through December and many getting margin calls was pretty shitty! And they we got screwed-over on the way back up, pretty stable by comparison
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Jeeze, that looks like a lot of work
I'm +$105k realised for the 2024 so far, which sounds impressive, but still have that 1/26 40x -p270 / 200x -c260 inverse ratio strangle to play out, so very early days
Yeh, it looks like a lot of work but it really isn’t, I just respond to price movements via alerts and trade batches 2-3 times a day max.Jeeze, that looks like a lot of work
I'm +$105k realised for the 2024 so far, which sounds impressive, but still have that 1/26 40x -p270 / 200x -c260 inverse ratio strangle to play out, so very early days
Great work on those realized gains for 2024! I know you will find a way to climb out from whatever is thrown at you.
Cheers for great fun and definitely entertainment ahead!
Yay! Relief is on the way
thenewguy1979
"The" Dog
OK guys. We closed in the red today. 2 days of Macro bleeding red. Based on my historical calculation 2 days of red = 50% chance of green tomorrow.
Cheer up.
Talking about playing with fire. Got myself into an IC's of -240P/-260C. Also into an AAPL Butterfly at +185P/-187P/-187C/+190C
IC's BPS can be rolled but that butterfly is a one shot deal - was a cheap one to test the water.
Exit Plan - closed the IC upon a pump into 245-250 - if not roll into next week
Keeping the AAPL till Friday. Seem I can roll it out as well into next week for a net credit of .54 if it get too OTM.
Cheer up.
Talking about playing with fire. Got myself into an IC's of -240P/-260C. Also into an AAPL Butterfly at +185P/-187P/-187C/+190C
IC's BPS can be rolled but that butterfly is a one shot deal - was a cheap one to test the water.
Exit Plan - closed the IC upon a pump into 245-250 - if not roll into next week
Keeping the AAPL till Friday. Seem I can roll it out as well into next week for a net credit of .54 if it get too OTM.
Come on Jim - you make me look funny talking about my bag of kibble win. I'm happy with just $100 a week. Congrat
Worth a watch. Cary’s shown to be very skilled at sketching out major price structures and turns, which helps correlate with our resident chartists. If you’ve been following his daily updates on YT, we’re seeing his predictions play out.
Basically unless TSLA closes over $261.97 in the short while, $220 and even $170 is an objective target into first half of 2024. Holding below $246.21 can keep this in play.
Today’s update:
Basically unless TSLA closes over $261.97 in the short while, $220 and even $170 is an objective target into first half of 2024. Holding below $246.21 can keep this in play.
Today’s update:
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Unlike @Jim Holder with his incredible beginning of year run, Fidelity made a few bucks on fees, I made none but also avoided having to fret over the downward pressure; spreads need constant oversight, especially when there's a sudden directional shift! I set an order to close out the losing spread at what I paid for it, it hit early afternoon after we blipped over 241.50! I wasn't feeling good about the position a half hour after I opened it, decided to get out of it at first opportunity. Resetting tomorrow morning, see what's left for the week.
I am up $17k for 2024 mostly on contract from last year from some rolls. I hope that my puts for this week work out. Are you still trading with 6000 shares or you added more? What is your logic behind all the different strikes and expirations? I think I am going to try to day trade monthly contracts $50 OTM.
Nice!
Yes, I’m holding 6,000 longs with a $328 cost basis. Regarding picking strikes, depending on the day and amplitude of movement at play I favor strikes that if SP shoots up I don’t mind sitting on the contracts either till expiration or for a deeper dip to close them. I also skip around the calendar and get a little more juice for movements that way.
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