Wiki Selling TSLA Options - Be the House

[Jim Holder]

After a $10 drop first it looks like.

Tivo, been a while since your last update. What moves are you seeing for TSLA in the near term and how are you playing them.
Much appreciated!

 

[phantasms]

I'm glad my 205s for the week are likely safe. I'm absolutely not selling any CCs next week until late Tuesday or Wednesday. I'm guessing we run up but there is that huge 220 call wall for the 15th. Fun times!

 

[ProfessorZoom]

I hope this bit of exposure to the Tesla ecosystem will lead to some conversions on their next vehicle purchase.

Great point ! Funny enough in the Tesla app you have to scroll PAST “Discover” to get to charging non Tesla

 

[tivoboy]

Tivo, been a while since your last update. What moves are you seeing for TSLA in the near term and how are you playing them.
Much appreciated!

Still looking to sell some Mar 15 monthly calls… but from what I’ve seen the past couple weeks I think we most likely bounce back and forth between 200-210 (my higher likelihood scenario), or between 190-200..possibly stretching higher than 210, but I think 215 is overall safe. I’m targeting Mar 15, 220 calls to sell.

As I noted in a post back in mid Feb, there is a call structure for next week that leads me to think we’ll drift up close to it ~ $210-220 for 3/8, but not stay there and not rest there at expiry.

Once we see the next move, we’ll know what the range bound bouncy house spread is.

 

[Jim Holder]

https://twitter.com/x/status/1763369266739364126

 

[Jim Holder]

Still looking to sell some Mar 15 monthly calls… but from what I’ve seen the past couple weeks I think we most likely bounce back and forth between 200-210 (my higher likelihood scenario), or between 190-200..possibly stretching higher than 210, but I think 215 is overall safe. I’m targeting Mar 15, 220 calls to sell.

As I noted in a post back in mid Feb, there is a call structure for next week that leads me to think we’ll drift up close to it ~ $210-220 for 3/8, but not stay there and not rest there at expiry.

Once we see the next move, we’ll know what the range bound bouncy house spread is.

Fab! As of now are you seeing one more low 2nd half of March <$190?

 

[thenewguy1979]

it probably doesn't matter whether >200 or <200 in the big picture, TSLA is range-bound playing the fibs

if we remove all the noise, the opportunity is there to make $7 per round-trip

Still looking to sell some Mar 15 monthly calls… but from what I’ve seen the past couple weeks I think we most likely bounce back and forth between 200-210 (my higher likelihood scenario), or between 190-200..possibly stretching higher than 210, but I think 215 is overall safe. I’m targeting Mar 15, 220 calls to sell.

As I noted in a post back in mid Feb, there is a call structure for next week that leads me to think we’ll drift up close to it ~ $210-220 for 3/8, but not stay there and not rest there at expiry.

Once we see the next move, we’ll know what the range bound bouncy house spread is.

Seem 210 is safely agressive, 215 is safer, and 220 is safest till March 15th…..

Lower bound is 180/185/190 based on safest to agressively safe.

Inligned with our other panel of experts

 

[BornToFly]

I'm glad my 205s for the week are likely safe. I'm absolutely not selling any CCs next week until late Tuesday or Wednesday. I'm guessing we run up but there is that huge 220 call wall for the 15th. Fun times!

What catalyst are you seeing early in the week?

 

[tivoboy]

Fab! As of now are you seeing one more low 2nd half of March <$190?

Yes

 

[ChiefRollo]

What catalyst are you seeing early in the week?

Perhaps waiting to see relative peaks to capture higher premium with contrarian CC’s…

 

[phantasms]

Perhaps waiting to see relative peaks to capture higher premium with contrarian CC’s…

Exactly. I wrote my 205s wayyy too early this week. Luckily I didn't get scared and roll. The benefits of no longer having a desk job.

 

[Arul]

Now that February is over, lets see if March really is a better month!

I am tired of low premiums?

 

[EVNow]

Looks like many are predicting (including Troy) lower Q1 deliveries than analyst consensus .... but that could be baked into the SP. But when the deliveries actually drop after Q1, if the numbers are lower, SP will react.

 

[Arul]

NVDA 41% in 5 minutes(!), STO 3:55pm; didn't have time to close it

edit: 1.12 prem

View attachment 1023308

Which one is buy and which one is $885 or $895?

 

[Jim Holder]

Saw on X

 

[Max Plaid]

my posts are Not Advice

vanna/gamma tells me 3/28 is 190-220 based on dealer positioning and based on market participants' positioning RIGHT NOW, but 28dte is too far out so it's definitely too early to tell; for sure it will still change and perhaps if i see 206 next week i may change my mind and sell after all

View attachment 1023281

General note for everyone here, especially the noobs: nothing you read here is advice, AFAIK none of us are professionals, we all share info and ideas, but all our trades are our own responsibility and if we choose to copy others it's at our own risk

 

[jeewee3000]

General note for everyone here, especially the noobs: nothing you read here is advice, AFAIK none of us are professionals, we all are info and ideas, but all our trades are our own responsibility and if we choose to copy others it's at our own risk

Amen to that.

I'm here since the beginning of the thread and am still a noob.

 

[CHGolferJim]

FWIW, no change in today’s Max-Pain number, so SP unlikely to overshoot by $7.50 ($205)?

 

[Jim Holder]

 

[Discoducky]

Pre-market thoughts, looking to open more CCs for 3/8 as it spikes up today hopefully somewhere above $207, but I'm doubting it will close above $201. at some point will close out or roll my 40x $202.5, $205 and $210 CCs