jeewee3000
Active Member
Funny thing is I've ridden that thing. The Talocan in Phantasialand, Germany. Being a TSLA HODLER is way worse!To be a TSLA holder
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
SebastienBonny
Member
Actually looks worse than it is. The same manufactorer's Take Off is a different thing
On topic: premarket doesn't look that bad considering macro, but will keep my eye on my contracts expiring 01/26.
240 CC will be closable. 220 put will need management, so looking to roll that one month for credit and strike improvement of 5 at least.
Might pair it with a new cc a bit lower than 240.
SpeedyEddy
Active Member
Do we like such a person to have more shares and influence or less (just as shareholders I mean)?
SpeedyEddy
Active Member
Stockholders don't like uncertainty, so there is (besides of the inherent uncertainty HODL-ing $TSLA) a very long period (beyond the Delaware verdict) in which we are uncertain (although legally, Elon can not change the share-construction without a majority and legally he can not outplace the (in the future) most profitable part of the company without compensating shareholders) is ahead. Compare that to Elon buying Twitter. I thought we were out of the woulds, holding 217, but this is not good and I will take action. The wedge will be broken, downward alas. @dl003 is right and not kidding, I fear.
Yeah, I've got a lot of eggs in the basket for 1/26: 100x each of -p220, -c220 & -c240, plus 20x -p240's - will roll those sooner rather than later to avoid early-assignment
-p220's are written against March +200's, kinda OK down to $200, but below that the Delta on the short side overtakes the Theta on the long, but then would look for a roll
As for the -c240's, they'll trade around $1.50 at SP $213-4, a roll down to -c230 will double the premium, but seems a bit risky given I already hold the -c220's, any sharp reversal and that will be a lot of ITM calls
I'm rather inclined to do nothing for the moment - maybe roll the +p200's to June/July for and extra $7 cost to create some rolling room if needed
SpeedyEddy
Active Member
But I still am thinking two ways and posted about it in the regular thread (where I was looking for clues) #440,057
Today's price action will tell a lot and I plan to sell ITM calls when we break 210. Shares will be held I guess. Puts rolled when becoming ITM early.
Well, @dl003 stated that because some of us on the main thread were getting on Musk because he made this public and anything Musk states, especially when it can be seen as negative, tanks the stock short term. And, I am guessing he felt that if we are complaining, get out of the stock as we should know by now, there is always volatility. As with all of these bumps Down in the stock price, I do think we will rise again...it is not all doom and gloom when you look at the future of Tesla...Musk just makes it interesting.
SpeedyEddy
Active Member
woods
Let's see if Wicked Stocks is right. An open below $217 brings $206.69 in play for the day. I am not sure what to do here and I am going to try to be super careful. I might sell $205 puts and layer in into them. For ER I want to be at least +/-15% OTM.
Dark pool zone updated based on analysis of the previous 30 days of trading activity. The thick deep blue zone was the largest dark pool found and the light blue was the second largest. Not sure what it implies that's useful in trading but sharing in case someone here does and can tell us.
Pondering Papafox’s latest chart showing Bollinger bands, SP performance and other metrics —> SP has moved below lower BB for the 3rd time in the last 6 months, see what happened the other 2 times?
SpeedyEddy
Active Member
on open STO -C 1/19 220 @$2.58
[edit] $TSLA per now oversold on the Daily so will close again these calls early. [/edit]
[edit] $TSLA per now oversold on the Daily so will close again these calls early. [/edit]
rolled Jan 25 400 to Jan 25 300 CCs
- If it goes below 210 or more like 205, I might convert some $$chairs
to shares ... (didn't wait -- +got 200 chairs at 213, will sell CCs against for the wheel ...)
+ the Math.
1.Sold 3K, 300 CC ~ $20, so it's like I sold for $320.
2. Bought 200 Shares, assuming I sell these 200 shares for $300, that will be 60K, or $20 per share in the 3K share count...
So basically @ $340/share by Jan 2025 is shares get called. Cheers!!
- If it goes below 210 or more like 205, I might convert some $$chairs
to shares ... (didn't wait -- +got 200 chairs at 213, will sell CCs against for the wheel ...)+ the Math.
1.Sold 3K, 300 CC ~ $20, so it's like I sold for $320.
2. Bought 200 Shares, assuming I sell these 200 shares for $300, that will be 60K, or $20 per share in the 3K share count...
So basically @ $340/share by Jan 2025 is shares get called. Cheers!!
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TBH, I'm not convinced the markets are reacting much to Elon's tweets, macro is bad, SPY& QQQ down, Futures red, bond yields up, AAPL down 2%, EV stocks really bad - TSLA actually outperforming most of them
Maybe the MP220 is helping, yikes, just checked, it has dropped to 216!!
Edit: well that wasn't in my script for today
Maybe the MP220 is helping, yikes, just checked, it has dropped to 216!!
Edit: well that wasn't in my script for today
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