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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Oh! That's a fab way to look at the data. Would be great if someone offered that as a service, to find market differentials between DTE/Strikes to capture most premium when selling or pay least when buying.
It's not like I'm surprised. As I mentioned the other day, the substance in the Q1 and Q2 earnings in no way justified 100% and 90% rallies. Even Tesla themselves have acknowledge that 2024 is going to be an in between year when it comes to growth curves. Knowing that along with the reality that Tesla is going to face constant margin pressures on the auto side until Fed rates drop materially, it's open season on the stock in terms just hammering it non stop.
Tesla has many irons on the fire that will become huge catalysts in the future but none seem like they're going to be ready for 2024. 2024 to me is all about making some income on the side while positioning for mid 2025 and beyond when things like below will start to hit earnings and revenue.
- Mass production Semi
- Mass production Cybertruck
- Mass production Compact
- Non beta FSD V12
- FSD V12 in China and Europe
- Megapack factories (both US and China) at full production ramp
I don't like hoping/wishing for a scenario that would bring others misfortune, but TSLA breaking the wedge to the downside which I think would easily take it sub $200/share (probably all the way down to fill the gap at $146/share) over the couple of months would be very beneficial for me in regards to positioning for a 2025 breakout rally.
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SpeedyEddy
Active Member
Talking about that. What if we would stay around these levels today and open higher tomorrow ?
would sound like island reversal on the assumed bottom and thus be extra bullish
EVNow
Well-Known Member
After waiting all these days - finally sold 220 puts and 235 calls for tomorrow. Hope I won't have to roll.
@Yoona It would be interesting to see if 5/7 day 15% is better or worse than 1/2 day 5% OTM options. If we leave out ER week, I feel Thursday morning 11 AM EST to Friday close will not have too much change.
@Yoona It would be interesting to see if 5/7 day 15% is better or worse than 1/2 day 5% OTM options. If we leave out ER week, I feel Thursday morning 11 AM EST to Friday close will not have too much change.
Well, this is depressing, but doing exactly what I thought, and positioned for it, so in principle I should be happy, but being an eternal TSLA bull, no sir, I don't like it!
Anyway, earlier STO 30x 1/26 -c220 @$13.5 -> already have 100x -p220 @$4.20, so a little hedge on those and easy enough to roll 30x up and out if it decides to reverse
Anyway, earlier STO 30x 1/26 -c220 @$13.5 -> already have 100x -p220 @$4.20, so a little hedge on those and easy enough to roll 30x up and out if it decides to reverse
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Another drop for a few days, and then surprise when there's a facelift Model Y in February.
May as well dump all the bad news out all at once and be done with it.
SpeedyEddy
Active Member
https://x.com/scottpolhamus/status/1744889780498837756?s=48&t=53pXwAfFUUUUH7v2PTfKVA
Don’t watch when drinking something hot. (And watch till the end)
Don’t watch when drinking something hot. (And watch till the end)
mickificki
Member
Not a good look short term-wise.
Gotta feel sorry for the bears, worked hard to get the stock down the last few weeks, they could have just waited a bit for Tesla to do it all by themselves...
Maybe those -c220's weren't such a bad idea after all
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