Wiki Selling TSLA Options - Be the House

[ChiefRollo]

Adiggs,

Have you begun adding more long-dated calls…or are you waiting for SP to move lower?

 

[Jim Holder]

BTW, do I see yesterday's pattern returning on $TSLA?

Sure looks like it

3-hr

 

[tivoboy]

QTA levels for today



View attachment 1027850

There’s no way even an ALGO could consider this sentiment “Neutral” today or medium term.

 

[Jim Holder]

There’s no way even an ALGO could consider this sentiment “Neutral” today or medium term.

Agree. It was captured a few minutes after open so TBF it may not have caught all the flow yet.

Wen DCB?

 

[ChiefRollo]

BTO +C100 6/2026 LEAP @89.50. Thank you.

I think this will prove to be a great move.

 

[lrm3red]

i have discord now, thinking $100,000 capital let's grow it to ~$400k in 4 yrs in small steps, ROIC tiny 1% weekly

just a thought

View attachment 1027397

I'm game!

 

[Jim Holder]

SpotGEX showing some MM selling pressure (red bars) that can slow any move to get over $170 toward $180, then then they help out (green bar).

 

[Yoona]

TSLA - be careful with margin use, guys. Assume 144ish.

 

[Jim Holder]

TSLA - be careful with margin use, guys. Assume 144ish.

Can you say a bit more pls. Like what are you seeing and timeframe.

 

[dl003]

Looks like the 146 gap will finally be filled.

 

[Yoona]

Can you say a bit more pls. Like what are you seeing and timeframe.

lots of charts in X re: 144ish gap

 

[Jim Holder]

Looks like the 146 gap will finally be filled.

Sell longs here/go short?
Timeframe?
Are you selling ATM calls?

 

[dl003]

Sell longs here/go short?
Timeframe?

should happen in the next 2 weeks. Next week even. And then a bounce to 240 into late 2024.

 

[Jim Holder]

should happen in the next 2 weeks. Next week even. And then a bounce to 240 into late 2024.

Decent risk to sell ATM calls here (NFA)?

 

[dl003]

Decent risk to sell ATM calls here (NFA)?

I'd prefer buying puts spreads at this point over selling calls. The weekly bullish divergence is STILL there and should not be taken lightly. This is not the first time the fundamentals have been viewed as deteriorating. Even in 2016 and 2018 when bankruptcy risks were on the table, the weekly bullish divergence still held.

 

[Jim Holder]

I'd prefer buying puts spreads at this point over selling calls. The weekly bullish divergence is STILL there and should not be taken lightly. This is not the first time the fundamentals have been viewed as deteriorating. Even in 2016 and 2018 when bankruptcy risks were on the table, the weekly bullish divergence still held.

What spread would you do (I'm more a call seller and don't know about setting put spreads). Thanks in advance.

 

[EVNow]

I'm actually surprised that Nio and Xpeng are struggling to make a positive gross margin when they have cheaper local supply chain and labor an western countries.

Well, the purchasing power is correspondingly low and thus the pricing power.

 

[dl003]

Looks like the 146 gap will finally be filled.

"May", not "will."

 

[SpeedyEddy]

TSLA - be careful with margin use, guys. Assume 144ish.

That is the last level I consider we could go (I mentioned it often, leaving me nailed to the ground again (after being tricked out of shares at 102 due to margin-calling -P, buying back in at 116) standing without shares far too long once more)
This would close the biggest gap-up in Tesla's history still left open. Below that there's only a very old little $97 gap-up (something between 2 and 5 dollars wide as I recall)
PS While writing other ones were typing the same, soooo: Maybe that would be it.

 

[Jim Holder]

I'd prefer buying puts spreads at this point over selling calls. The weekly bullish divergence is STILL there and should not be taken lightly. This is not the first time the fundamentals have been viewed as deteriorating. Even in 2016 and 2018 when bankruptcy risks were on the table, the weekly bullish divergence still held.

Sorry for so many questions, did you cut your longs?