-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
160/150 3/28
I thought we're in June 2022, but looks like we might be in December 2022.
alternative income while waiting for TSLA to resurrect from the dead...
shutdown time, 91% in 3 days, secret sauce:
shutdown time, 91% in 3 days, secret sauce:
- max 6Δ (TastyTrade recommends less than 16Δ)
- ladder in (roll to 6Δ again when your Δ moves, or STO new daily)
the slope of this decline, you don't have to go an extra month, imo.
The silver lining here is since we started the decline at 206 and broke the AVWAP lower band at 172, the bottom projection has been moved up to 140.
mickificki
Member
I follow this guy on X. Seems like he got this call right. Has a massive chart that I don’t understand, maybe the smart folk here can better extrapolate it…
I have these same IC open except kept -p825 100 wide from yesterday, each IC about 1.5 credit if held to expire. -p795 is under .02 delta , can you comment on that position?
thenewguy1979
"The" Dog
So that confirmed you are now a Bear?
Would we see a DCB before it continue the decline?
It's a bit too late to be a bear imo. Just trying to capitalize on the last $20 drop to make some beer money.
i also had -p825 yesterday and moved it to -p795 then closed it
it's probably safe (and i left money at the table AGAIN) but i'm avoiding a repeat of last week's large move aka trauma with my -p845
small gain is better than no gain
EVNow
Well-Known Member
I've a small number of 165 puts (that I'll let get assigned, buying at the price was the point). Also 160 puts I'll have to roll, I guess.
Unfortunately not enough short calls .... kept waiting for the bounce to sell more calls that never came. Just half the calls at 200.
As I write this - SP has definitely broken below the channel Wicked Stocks mentioned as long-term support - though it needs close below 165 to confirm, I guess.
Unfortunately not enough short calls .... kept waiting for the bounce to sell more calls that never came. Just half the calls at 200.
As I write this - SP has definitely broken below the channel Wicked Stocks mentioned as long-term support - though it needs close below 165 to confirm, I guess.
I thought we were in March 2024?
Sadly, below $170.x there is/was no “long term support”.. At least not by any of my charts. There was a lot of interest obviously in the mid $14x range, and a few weak IMO data points in the mid $15x range that could prove to be speed bumps. These are mostly AVWAP levels and not clear support by tested bottoms or change in sentiment indicators that led to increased buying. My destination target for this phase was $155, but I had planned to start buying around here $166/$168 - but I’m not going to. Sentiment has changed both fundamentally, financially and technically. It’s a no mans land at the moment and we’ve seen quite a breakdown in the past week. All the while, market and economic sentiment and price for nearly ANYTHING else has only elevated.
Fundamentally I have several concerns, the top being when analysts and possibly the DATA starts to show actual NEGATIVE growth. Most likely D but also possibly P. Either a quarter or a Half. For this companies investor interest that would be a near term body blow and it’s already on its side.
I had sold 10x -cc May 220 calls a few weeks ago at~ $13, buying them back today for $2.2. They will probably go to zero, but I think I’m going to be able to sell a set of April 19 $185 for $5-6. I’ll be doing that.
Last edited:
Similar threads
