QTA levels for today + commentary NFA
1/5
1/12
1/5
1/12
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
June 2026 opened on the options chain in case anyone missed it.
Only goes up to $490
Why is that?
Only goes up to $490
Why is that?
Last edited:
"They" already decided what the SP will be at that point... I notice they adapt over time, add more as the price changes, even split from $5 increments to $1, sometimes 50cJune 2026 opened on the options chain in case anyone missed it.
View attachment 1005779
Only goes up to $490
Why is that?
View attachment 1005780
Nice to see a bit of fight back in the markets today, no idea where we'll end up, but it makes a change from what we've been seeeing recently
I have put in a very optimistic buy order to close-out half of those -p270's, but needs to be $248 to hit, which I think is unlikely today, but you never know, a bit of short-squeeze... hope springs eternal!
The highest one for January 16, 2026 (the previous one) goes up to $510 and pays $19.25=$529.25.
The highest for June 2026 is $490 and pays $28.00=$518, even though it's 6 months later.
Hmmm...
There's a policy managed by the OCC that regulates what strikes and what expirations are made available when
Do you know if it's based on anything? One would think 6 months more of time should have higher strikes and pay more premium too.
I couldn't find it in a short Google / ChatGPT session but they look at, among other things, the trading range of the underlying / its volatility. More strikes and incremental strikes can and are being added over time during the lifetime of the expiration. So if TSLA goes to ATH in the next 2 years, they'll add additional (higher) strikes so you can make OTM bets.
Also if you have the right connections you can call them and ask for additional strikes to be created
I think if you call your broker and ask them to ask the powers-that-be to offer different strike prices, there's a better-than-you-think chance they'll expand their offering; at least it's not as crazy as trying to get a marker maker or exchange to budge and do almost anything else for you.
thenewguy1979
"The" Dog
sold my IC's for $80 profit....good for a 50lb kibble. Getting too hot on the -240P leg.
No Juice in TSLA or rest of the market for that matter.
Laddered into CC's around here ($241-242):
-C272.50 1/19 @1.00
-C280 3/15 @7.75
-C300 3/15 @4.50
-C350 7/19 @8.00
-C490 6/2026 @28.00 (for funzies; will BTC at next visit to 22x or below)
Lightened up on -P290 9/20's too.
Laddered into CC's around here ($241-242):
-C272.50 1/19 @1.00
-C280 3/15 @7.75
-C300 3/15 @4.50
-C350 7/19 @8.00
-C490 6/2026 @28.00 (for funzies; will BTC at next visit to 22x or below)
Lightened up on -P290 9/20's too.
Sold another 100X 257.5CC for tomorrow at the open for an easy $1,000.
I'm not touching next week until tomorrow at the earliest. I will probably wait until Monday to see if the weekend changes market sentiment. I would like to see SP 250 before selling CCs for next week.
I'm not touching next week until tomorrow at the earliest. I will probably wait until Monday to see if the weekend changes market sentiment. I would like to see SP 250 before selling CCs for next week.
I called TD Ameritrade and they said the clearing house has a certain amount of strikes they load into a new date and it's based on current trading price, hence the max out for 6/2026 is $490 even though the earlier one 1/2026 (6 months earlier) maxes out at $510. Not sure this makes sense since the $510 has been there for a long time and TSLA was down in the 210-220's when they added it IIRC. Either way, they said they'll put in a request to the clearing house to add strikes and said I should check the chain next week to see if more were added.
Cool stuff!
If 265 was indeed the absolute top of this dead cat bounce, my prediction for the first 5 months of 2024 is going to be a lot of choppiness, just like July-October of this year. Possible retest of 153 by May.
Nice! So -C280 06/21/24 @$18.55 here should be a decent risk, BTC in the pits of April/May, correct?
(NFA of course)
I'd do a combination of short FOTM calls + long puts in case ER is spectacular. This is looking like the middle of May this year, when things were starting to look bleak but out of nowhere a barrage of news hit. I'm not saying it's going to shoot up like it did in May, but if we have a spectacular ER, it may change the direction just enough to avoid a crash.
thenewguy1979
"The" Dog
Thank DI003. Please let us know if and when you decided to go Long.
Spread look quite cheap now.
Debit Put Spread expired May 17th.
thenewguy1979
"The" Dog
Spectacular ER is a long shot with the already known PD, unless the Margin rose dramatically.
Perhaps Elon won't be a downer this time?
How would long puts help in case the earnings are spectacular and the SP runs, don’t they need a huge drop to become profitable?
What drives you to choose this strike / date ? I have a few cc sitting there , 2/16 -c275 ($5.85) that could be good roll candidates as well.
I will only be bearish on ER when the chart says full blown bearish. Right now it's not.
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