Total amateur, you missed "sideways"
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
To be clear, I'm net short into P&D with 160/150P until I can see a 1H RSI above 70. Today the number for that is 177.5, may change tomorrow/next week. Above that number Ill cut shorts.
Only above 183 will I add more long.
Only above 183 will I add more long.
SpeedyEddy
Active Member
Lack of momentum going up will -as I presumed- kill the latest gap-up. Possibly today or over the weekend can even create an island-reversal above, so, if set, brace for the race to the bottom
[edit] as I apparently was not clear. Island reversal above means: possibly going down. (while island reversal below can indicate a run-up) [/edit]
[edit] as I apparently was not clear. Island reversal above means: possibly going down. (while island reversal below can indicate a run-up) [/edit]
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What gap up?
www.bloomberg.com
Tesla Trims Car Output in China as EV Sales Growth Slows
Tesla Inc. has reduced production at its plant in China, according to people familiar with the matter, amid sluggish growth in electric-vehicle sales and intense competition in the world’s biggest auto market.
www.bloomberg.com
SpeedyEddy
Active Member
I was saying the latest (3/18/24's) gap up will be filled one of these days. So, yes we go lower, maybe I was not clear that the latest gap-up will be filled, not that a new one will formed.What gap up?
Tesla Trims Car Output in China as EV Sales Growth Slows
Tesla Inc. has reduced production at its plant in China, according to people familiar with the matter, amid sluggish growth in electric-vehicle sales and intense competition in the world’s biggest auto market.
(And I'm talking TA, not fundamentals, because everybody will be surprised about that, later this year)
but all in all I will probably will stop posting anyways, as my posts are too much day trading and less of a contribution apparently
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SebastienBonny
Member
Got a longer term CC (2025-01) at 280 strike. Thinking rolling it forward to 180ish for June.
Trimming output won't age well I guess, while in my opinion it isn't bad as it limits your cars in stock. No need to produce when there is no demand.
As shareholders, of course, it can be considered bad as it actually means growth will be lower.
Should there be some turnaround in the next weeks, plan is to roll it up and out again and add a shorter term CC at a higher strike again.
Considering puts I plan rolling 220 -P (04/19) to June, this should give a bit of premium.
Longer term 250 -P for 12/2025 may be rolled to 6/2025, same strike as there is no strike improvement possible for credit.
Trimming output won't age well I guess, while in my opinion it isn't bad as it limits your cars in stock. No need to produce when there is no demand.
As shareholders, of course, it can be considered bad as it actually means growth will be lower.
Should there be some turnaround in the next weeks, plan is to roll it up and out again and add a shorter term CC at a higher strike again.
Considering puts I plan rolling 220 -P (04/19) to June, this should give a bit of premium.
Longer term 250 -P for 12/2025 may be rolled to 6/2025, same strike as there is no strike improvement possible for credit.
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So they raise prices everywhere but then cut production? Makes no sense given what musk has said about prioritizing output not profit
SpeedyEddy
Active Member
yeah, probably FUD, I heard people familiar with the matter say.
SebastienBonny
Member
Maybe upgrades of the production line coming or Model Y facelift...
SpeedyEddy
Active Member
Talking about rumors, April first is some kind of special date isn't it?
(FUD rolling over itself... MAX-FUD= some people missed the last bottom.. Benzinga...
Cyberflop? Tesla's Electric Truck Resale Market Reportedly Crashes After Early Hype: 'For Anyone Paying Attention...')
ProfessorZoom
Member
And this is why I didn't want to roll those -c170's yesterday... meh!
TBH though, would probably just resold the same strike anyway and I got as much extra premium rolling yesterday as a clean sell today and likely much more than on Monday
TBH though, would probably just resold the same strike anyway and I got as much extra premium rolling yesterday as a clean sell today and likely much more than on Monday
thenewguy1979
"The" Dog
Demand went down. Price increased in April. Reduced factory output. Then reduce price back down in April.......Stock goes down....who run the business.....crazy dogs like me
ProfessorZoom
Member
maybe optimuswho run the business.....crazy dogs like me
Agreed, doesn't make sense if vehicles can be simply shipped to other countries as demand eases in China. But does give me a chance to grab extra profit on my -C170s for today.
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