Wiki Selling TSLA Options - Be the House

[BornToFly]

Missed selling 210CC for Friday by one penny. Tried 0.51

Hopefully the SP comes back up. I have to stop holding out for an extra penny or two. So dumb.

MAcro is keeping TSLA from 200.

 

[juanmedina]

Being afraid to (on a serious next drop)get assigned April -P 205 I already sold a September -P185, which gives me peace of mind up unto SP165. Money caught up 5 months longer, but with a more bullish market I sure can bail out somewhere sooner. First must see SP continuing upward a few weeks to continue the LEAP-buying.
Holding the -P205 until we turn downward, but sure before close, so this is kind of a a time-stretched roll, scalping a little bit extra on daily delta up, I hope.

Me too. I sold 6x $185p for next week at $2.2 but that's all I have done. I probably should have bought some shares at $180. $180 is not that far from $150 and I would think that Cory's possible target of low $100 would be really hard to reach unless Elon is selling a lot of stock.

 

[Jim Holder]

Pretty much rejected at PM high, but lots of $200-205 flow coming in. Tug-of war.

 

[Jim Holder]

I have to stop holding out for an extra penny or two. So dumb.

You're not alone. I also try for round numbers all the time ;- )

 

[thenewguy1979]

 

[Yoona]

Missed selling 210CC for Friday by one penny. Tried 0.51

 

[BornToFly]

Missed selling 210CC for Friday by one penny. Tried 0.51

I am so mad right now. Hopefully the SP comes back up by end of day....

 

[⚡️ELECTROMAN⚡️]

Me too. I sold 6x $185p for next week at $2.2 but that's all I have done. I probably should have bought some shares at $180. $180 is not that far from $150 and I would think that Cory's possible target of low $100 would be really hard to reach unless Elon is selling a lot of stock.

He better not be, after tweeting that he wants more ownership or he's leaving.

 

[CHGolferJim]

For anyone considering buying Call LEAPs, here is some simple data:

• Jan’25$160 — 12/27 close $120, 1/29 value $55 = ($65) = (54%)
• Jan’25$300 — 12/27 close $43.20, 1/29 value $10.60 = ($32.60) = (75%)
• Jun’25$250 — 12/27 close $75.10, 1/29 value $28.5 = ($46.60) = (62%)
• TSLA $261 to $191 = (27%)
• so a return to $261 offers 2x-4x, more with IV increase?

 

[Jim Holder]

The clouds have parted and we have a bright, shining opportunity before us. Will this key low at $180 hold? Does (TSLA) pull a 180 degree about face from this level? We’re going to get into a bit more of the theory behind our methodology. Also, we’ll talk about how we specifically zeroed in on the $180 level in the days before the last earnings report. Plus, more importantly, what is the forward-looking scenario? Where will it be further confirmed? Where is it wrong? Buckle up, because here we go (article in link):

https://www.elliottwavetrader.net/p/analysis/Tesla-Looking-For-A-180-From-180-202401308883242.html

 

[Max Plaid]

OK, bought back my remaining weekly puts on the pop and resold half at a lower strike - so gave some money back (looking at the whole chain, not this one trade), but a more sensible approach given the pending sense of doom right now:

BTC 40x 2/2 -p185 @70c (+$1.3)
BTC 65x 2/9 -p200 @$7.8 (+$3.98)

STO 50c 2/9 -p190 @$4.20

 

[BornToFly]

In case someone doesn't believe the media is biased and full of crap. Headlines in my news feed make you think GM hit it out of the park, and they are up 7%. Meanwhile here is a nice breakdown of just how terrible their earnings really were. Contrast this to TSLA. Unbelievable.

Two highlights, with profitable ICE sales and very few money losing EV sales:

Auto gross margin declined to 6.7%, or -4.8%pts QoQ!
Operating margin declined by 5.1%pts, to just 0.6%!

https://x.com/alojoh/status/1752351188278792557?s=20

 

[MikeC]

The lack of margin calls and panic this time around makes me think we’re not done with the downtrend. I’m buying puts and I sold calls at 185, 190, 195.

 

[Jim Holder]

The lack of margin calls and panic this time around makes me think we’re not done with the downtrend. I’m buying puts and I sold calls at 185, 190, 195.

If you mean panic among us here, maybe we’ve grown to be more disciplined ;- )

What puts/DTE and CC DTE did you do?

 

[john tanglewoo]

The lack of margin calls and panic this time around makes me think we’re not done with the downtrend. I’m buying puts and I sold calls at 185, 190, 195.

And right on cue the stock dropped, what did you know! lol

 

[StarFoxisDown!]

The lack of margin calls and panic this time around makes me think we’re not done with the downtrend. I’m buying puts and I sold calls at 185, 190, 195.

I doubt the dynamic around margin calls and stop losses is nearly as dramatic this time around. Tons of people were margin’s up to their necks in 2022 and no though it would break 175 and then 150 and then 125. Those were very clear levels where tons of people were forced out of the stock.

I doubt the stock is even 20% as margin’s as it was leading into that crash in Nov-Dec 2022. There’s still probably enough ammunition though to get this thing down to 146 if the macros correct

 

[Jim Holder]

https://twitter.com/x/status/1752388269160165721

 

[MikeC]

If you mean panic among us here, maybe we’ve grown to be more disciplined ;- )

What puts/DTE and CC DTE did you do?

-p185 this week and -p180 next. Just a little for some protection and I hope they don’t go ITM.

-c185/190/195 this week.

 

[Jim Holder]

-p185 this week and -p180 next. Just a little for some protection and I hope they don’t go ITM.

-c185/190/195 this week.

Thanks.

Aren’t the -C185/190/195 a bit close for comfort in case of a favorable response to FOMC or other Wookiee-Jookie or do you plan to roll anyway?

 

[MikeC]

I doubt the dynamic around margin calls and stop losses is nearly as dramatic this time around. Tons of people were margin’s up to their necks in 2022 and no though it would break 175 and then 150 and then 125. Those were very clear levels where tons of people were forced out of the stock.

I doubt the stock is even 20% as margin’s as it was leading into that crash in Nov-Dec 2022. There’s still probably enough ammunition though to get this thing down to 146 if the macros correct

I’m definitely being more conservative this time around but the market has a way of figuring out how to screw people.