Wiki Selling TSLA Options - Be the House

[thenewguy1979]

It seem we are quite the tame and more level headed group.

If you visited the main investment forum lots of drama there this morning. No doubt from people heavily invested into Tesla.
I feel for them.

Lots of good information there but be wary of getting too emotionally attached.

The dog tried to cracked a joke there once to lighten the mood but never again. My fault

 

[thenewguy1979]

Short QUICK answer between blood draws - nothing good. I think the 50 is only going to accelerate the more we sit in this range, and we will. As I posted what last week, there are not many company or macro positive catalysts on the horizon. While the DC isnt the be all and end all, it is a big TA factor that programmatic trading uses and WILL use and as it accelerates down - which it will, that opportunity increases.

What we have had in the short term, is a buyers strike and I think any significant buyers other than fanboys / and girls, want a bigger discount.

@tivoboy thanks.

Quick question - Are you anticipating SP going lower then 174 in the short term or low been reach and we cycle between mid 170 to 210 for a while before regaining further upward momentum? Not seeking financial advice but just want to know what Dr. McCoy is thinking

 

[Jim Holder]

Opening and holding tomorrow above $189.48 might be wise to exit any short positions and flip long for $216.12 over the next week or two. Intra-day $198.88 can contain daily buying. A close above brings $216.12 in 3-5 days and rotate back down from there to the mid-$170’s over 3-5 weeks.

 

[EVNow]

I want history to repeat to ATH

For that GM has to be close to 30, not below 20.

 

[juanmedina]

Sigh…those were the days…how long until our turn?



View attachment 1014459

Tesla is really testing everyone's patience:

 

[elasalle]

For that GM has to be close to 30, not below 20.

I want history to repeat GM close to 30

 

[DaBooster]

For 2/2 expiration I'm holding

-185p/-200c 30 wide Iron Condor

 

[BornToFly]

For 2/2 expiration I'm holding

-185p/-200c 30 wide Iron Condor

Pretty close to the sun (especially on the Put side), but will probably turn out ok tomorrow with futures ripping thanks to Meta, etc.

 

[MrMoo]

Pretty close to the sun (especially on the Put side), but will probably turn out ok tomorrow with futures ripping thanks to Meta, etc.

With futures ripping and no one actually wanting to own TSLA stock right now, I think -200C and -185p should be fine. The MM's will decide where it closes now.

 

[Yoona]

looking one month ahead: 200 on 3/1?

 

[Yoona]

looking ahead NVDA

 

[Max Plaid]

I wonder if there's an Nvidia forum like this, where all the call sellers are now panicking over the AH gap up?

And looks like the CA price-cut on the MY just hit the news-wire jousting by the 2% reversal in pre-market... on low volume mind... and of course this price-cut makes the MY eligible for a $12k government rebate... context is important...

 

[Yoona]

I wonder if there's an Nvidia forum link this

ok i will move

 

[juanmedina]

ok i will move

Is there a forum like this? Link please.

 

[DaBooster]

Pretty close to the sun (especially on the Put side), but will probably turn out ok tomorrow with futures ripping thanks to Meta, etc.

yes very close, this is a roll straight roll from last week, in hindsight as I had 30 wide I should have improved my position to 180 but did a straight roll expecting a recovery to 190 region. Will wait for any morning rip to close out & reset next next.

 

[Max Plaid]

So, employment numbers came in fairly hot and equities drop. At this place in the cycle this is erroneous, IMO, the fact that interest rates have stayed disproportionately higher than inflation, while the economy has stayed buoyant, and employment high, this for me is the Goldilocks scenario

So I do find the reaction a little odd...

As for Tesla's "2.1 million vehicle recall!!!!!" are we going to have to live with this BS forever, or what?

 

[thenewguy1979]

More shitshow. Give us a breaks.

With you Max. Oh well. Just cheer up. We green soon.

 

[Jim Holder]

Seeing TSLA touch $191 AH yesterday I felt silly that I was too early to buy +P170 2/23 @$1.49 near close as a hedge in case the big tech earnings pulled everything down, but seeing us <$185 currently seems I’ll get to exit for gains and look to reposition depending if we keep falling or bounce higher.

 

[Max Plaid]

More shitshow. Give us a breaks.

With you Max. Oh well. Just cheer up. We green soon.

I'm OK, I have -190 straddles newt week and -p185/-c190 the week after, so this totally plays into my trading hands

But as a long time TSLA bull, it's really annoying!

Looking to sell another 6x -c190 today, had high hopes for those in AH yesterday, but look at it now. Meh!! Yeah, small fishes, I know, but it all adds up

 

[Jim Holder]

Head's up: Low of the week is usually Friday 9:30-10:30 (per @Yoona's 2023 data).