Wiki Selling TSLA Options - Be the House

[Discoducky]

And you're gonna fault me for that? Nobody remember 202 to 191 but everyone remembers how it didn't drop another $1.

I'm not faulting you; total respect.

 

[EnzoXYZ]

Thanks. Though didn't get below $190 to close CC's

I took the advice on Friday afternoon and close most of the 210+ CCs I opened on the pop Thursday (all around 60-65% gains). Ones that I didn't close now show weak 25-30% gains. With the pop this morning I opened more 205-212.5 CCs. These are my trading shares.

 

[Jim Holder]

And you're gonna fault me for that? Nobody remember 202 to 191 but everyone remembers how it didn't drop another $1.

Of course not, all good. Just wondering if we'd get that chance. I could have phrased it better:
Though didn't get below $190 to close CC's, will we have that chance?

 

[SpeedyEddy]

SPY seem to run out of steam today along with QQQ. A MACRO pullback and that 206/209 wall may put a dent in this run-up.
Take profit as you can and be cautious.

Nope, TSLA just testing former resistance as future support @ $197.50!!!!!

 

[BornToFly]

9:30 BCS .93
9:43 BPS .45

edit: u probably didn't leg in, that's why only .45 total

edit: narrow spread is extremely dangerous for nvda/smci, i am thinking 200 is better

I did leg in, but the $30 wide limits the premium. The advantage of $30 wide is that I have enough margin to do another 300X to help bail out the losing leg of the first 100X, in addition to rolling the winning leg in.

 

[john tanglewoo]

Sold 100X 205CC for Friday

Big boy conviction!

 

[Discoducky]

Feeling like it wants to touch $200 today, so waiting to sell more CCs

 

[EnzoXYZ]

Feeling like it wants to touch $200 today, so waiting to sell more CCs

We are knocking at $200. I may think about selling more than usual if we get $200+ today.

 

[thenewguy1979]

I don't know. I called for a rip this week. Who else called for a rip this week? I'm sorry if you misconstrued my post on Friday as bearish.


Top and bottom called.

Top still 206/209 are we going to blow off the top and go higher?

 

[SpeedyEddy]

Top still 206/209 are we going to blow off the top and go higher?

@dl003 called that last week @207

 

[Discoducky]

10x more $3.91 @$207.50 3/8

 

[Yoona]

76% in 3.5 hrs, shutdown time

STO 1:36pm Fri

don't be greedy: doing a lot of tiny (safe) trades is better than small number of large (risky) trades

 

[thenewguy1979]

Gotcha seeing why the teams selling at 205/207.5.

 

[SpeedyEddy]

But for today I would not guess over 202.50. call wall 200 will dampen upward trend I think [edit](it has to melt in favor of 205/207.5 slowly later this week)[/edit]

 

[intelligator]

TL;DR and away from desk, apologies for asking. We expect SP will wave at 207 before coming down some? That's the CC attraction to 207, 210 for 3/8 ?

 

[SpeedyEddy]

Yeah @intelligator Gaps down trend to be filled before going down further (or if ripping for a fundamental reason you get smoked (or just loose some shares) )

 

[EVNow]

Sold 100X 205CC for Friday

I was wondering why SP shot up to 200 - now I know

 

[Jim Holder]

QTA update

Those upper wicks...

 

[ChiefRollo]

QTA levels for today

View attachment 1022063


3/1

View attachment 1022060

3/8

View attachment 1022061

View attachment 1022062

Jim,

What should I take away from the two net gex charts? Is it…as MM tries to maintain neutrality, it would sell as SP approaches green / bullish region of imbalance…and buy as that of bearish region?

 

[Jim Holder]

Jim,

What should I take away from the two net gex charts? Is it…as MM tries to maintain neutrality, it would sell as SP approaches green / bullish region of imbalance…and buy as that of bearish region?

I believe so