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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Can you update us where you expect this bounce to take us short term/mid term?
level by level and levels have been provided yesterday. I dont have a good count for the latest drop from 265. It looked impulsive no doubt about it but I cant tell the structure. So the plan is to count the bounce. If its impulsive then we start from there. If its back and forth zig zaggy then be defensive.
SpeedyEddy
Active Member
It can still last a few days, but technically it would be best to gap-up from 195 close at most to 205 open at least without crossing 195-205 area in the day before or the gap-day itself, for a clean island reversal. The cleaner, the more reliable an island reversal will be. Of course the upside dow H&S @Jim Holder pointed out as well will help to make such a jump possible. Maybe this week options don't allow for this to happen and we need a new week for this, being so close to Friday's expiration, everybody big being tied up a little.
Technically a wave (ii) is still valid, but greater potential now to try for more of the yellow circle iv.
So sector strength fighting fade. I'd like a fade to reposition some short calls.
The form 13 headline is officially dead. This is some rotation into EV you were not prepared for because you placed too weight on the bearish wave count.
Rolled my 2x 16/2 182.50 CC to mid march 190 CC for 11.70 (break even roll). At least I sold them for 5.50 last week.
I LOVE rolling 2 underwater CCs when I have 120 x Calls LEAPS going up
It was a pleasure selling CCs at the bottom to have a stock reversal.
Always there when you need it guys.
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I'm okay position wise, just would like to cut a couple -C220 3/15 to re-sell higher.
thenewguy1979
"The" Dog
slow grind up, but mission accomplished by dealersgamma 180 vanna 195
market participants expecting 180, but dealers WANT to push into 195 if they can
2/16 gamma 195 vanna 200
market participants (gamma) are expecting 195, but dealers (vanna) WANT to push into 200 if they can
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IDK. Getting paid millions when your job could be done by a random number generator sounds pretty smart to me.
Full disclosure: I'm fairly new to EW. Just started learning about it for past few months, after being inspired by @dl003
Posting this here mainly to get feedback on my count but also share my guesstimate/give back to community. DL003's post the other day made me realize as a silent observer I've been taking more from this awesome community than I've been giving back.
On the longer horizon, I don't know if we're currently in an ABC or 12345 that started at $175. But either way, I think the first 3 parts of the move will be similar regardless. So my plan is to play until we get to end of C then wait and see which paths it takes. For the nearer term, I'm guessing we're in an impulse that started at 175 and wraps up somewhere in that yellow box(wide range between 215-230).
Posting this here mainly to get feedback on my count but also share my guesstimate/give back to community. DL003's post the other day made me realize as a silent observer I've been taking more from this awesome community than I've been giving back.
On the longer horizon, I don't know if we're currently in an ABC or 12345 that started at $175. But either way, I think the first 3 parts of the move will be similar regardless. So my plan is to play until we get to end of C then wait and see which paths it takes. For the nearer term, I'm guessing we're in an impulse that started at 175 and wraps up somewhere in that yellow box(wide range between 215-230).
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