Dated 2022...on paper
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Bought-to-close a variety of overnight + morning-pop short calls at $161 area for decent gains, helped make up 40% of the losses on the dying +C205 4/19.
Watching PA now. It's trading surprisingly tame for Quad-Witching, unless the fun-and-violence crew are coming later.
If $160 is defended I'll wait on selling new CC's until we see if we get any bounce, and sell into it.
I also closed the +160/-150 3/28 spread for nice gains (thanks @dl003!). Will reopen if we lose $160.
Watching PA now. It's trading surprisingly tame for Quad-Witching, unless the fun-and-violence crew are coming later.
If $160 is defended I'll wait on selling new CC's until we see if we get any bounce, and sell into it.
I also closed the +160/-150 3/28 spread for nice gains (thanks @dl003!). Will reopen if we lose $160.
that happened long before ... but could be why 160/161 acted as support
likely MM heading to Max Pain (atleast that's what I am hoping for ... )
I drove FSD 11 from/to Dr today morning (compared to last 1-2 years, it's so good) ... and though I must hedge against my CC's before V12 comes out ...
thenewguy1979
"The" Dog
@Max Plaid @MikeC I'm preparing a plan for my 10X -P250 9/20 (extrinsic is $0.80 currently) in case extrinsic drains out in the low $150's and at risk of assignment.
Looking at the chain I can debit roll it down and out to 10x -P240 for 3/2025 (6 months further out; more time for SP to recover or just bounce; gain $5.15 in extrinsic). It will have a debit of about $6,000 which I assume is better than booking a $37,210 loss (the delta between $192.21 CB and ~$155) if I was assigned and immediately sold the shares. I can easily earn the $6k back through my regular scalping.
As an aside, if assigned I can also sell ATM calls for about $10k the week of assignment to help recover some of the loss.
Am I missing something?
Is there a better roll that's not too far out?
Ty
Looking at the chain I can debit roll it down and out to 10x -P240 for 3/2025 (6 months further out; more time for SP to recover or just bounce; gain $5.15 in extrinsic). It will have a debit of about $6,000 which I assume is better than booking a $37,210 loss (the delta between $192.21 CB and ~$155) if I was assigned and immediately sold the shares. I can easily earn the $6k back through my regular scalping.
As an aside, if assigned I can also sell ATM calls for about $10k the week of assignment to help recover some of the loss.
Am I missing something?
Is there a better roll that's not too far out?
Ty
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Thanks. Do you mean flipping the -P250 to -C250? I have plenty of shares but they have a CB of $328 (don't ask...
), how would they play in?
A ray in the darkness?
Potential positive divergence developing on the 2h time frame. Price will now need to confirm.
Potential positive divergence developing on the 2h time frame. Price will now need to confirm.
Slow and steady , selling .04 and .05 delta and forming 100 wide IC legs is working well, thanks for the suggest ! To get on with the weekend, I closed the put side of NVDA and SMCI, left the +c positions that were 0.00 bid to expire. Now I just have TSLA +P180 that I hope to see increase value, if the blip we are seeing now is short lived before a probable slide down for a few weeks. Getting out of the Jan 2025 -P240 (using 2022 gains) has removed so much stress contemplating what to do when extrinsic approached $1 and below. I've reduce my cash by quite a bit, but it feels so good to sleep at night. I also decided to keep my shares for the long haul... cost basis is so low. GLTA!
⚡️ELECTROMAN⚡️
Village Idiot
I'm pretty sure the bottom is at 158, so I put a sell stop order in for 158.
I was referring to Yoona's 1% ROIC, but agree with what you say and am well aware of it - I lecture my kids regularly how Lucy, privileged and entitled they are...
ChiefRollo
Member
I think it’s probably just you and RSF in that club. We’re simply peeking through the windows with aspirations.
Why not write 10x -c240's at the same 3/2025 strike? Do we think the SP will be there by then? I personally don't think so and there'd be plenty of time to roll up if the SP did rally
The good news with your current 9/20 -p250's is that there's a lot of OI >12k, but almost zero volume, so no-one is trading them and unless they all get exercised at once, you'd be unlucky
There's quite a few here with a hell of a lot more $portfolio than me, that's for sure, and mine is around 40% of where it was in November 2021, although to be fair with the cash I took out in the interim, probably more like 55%
For sure if I had just kept my original shares, never traded anything, my account would be 25% lower than it is right now
Right, I'm off down the pub...
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