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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
FOMO is a powerful force, till it’s not.
Yes, and PCE comes out THIS Friday, GOOD friday when the US equity markets are closed (after the BOND Mkt having closed EARLY on THURSDAY), Bond markets are also closed Friday but currencies never sleep.
thenewguy1979
"The" Dog
Wait... not doing anymore 1DTE for NVDA/SMCIalrighty, done for the day and done for the week
58% in 4 hours daytrade
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3rd week of Discord is
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tsla loads of 180 incoming
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Yesterday and today's daily candles.
I see, Algos and MM are into drawing art now
By the book this is a bullish daily look though better if it were green:
I see, Algos and MM are into drawing art now
By the book this is a bullish daily look though better if it were green:
EVNow
Well-Known Member
But yesterday's was bearish - even though it went up today
Still can’t get my numbers, came close yesterday but even today with a little rally prices TODAY are ~ 25-30% LOWER for these strike and expiry. Hmm, seems willingness to pay premium has pulled in quite a bit even with volume of strikes at 170-180 piling up.
What’s your takeaway from that?
Lots of chatter that the bad news is “priced in” and $160 “is, was, and will always be the floor, amen.” But cheaper calls means ppl aren’t clamoring for them (less demand=lower prices=less premium for us sellers) if I understand correctly.
Is a massive <$160 rug still on your radar for next week and MM just luring call premium from Joe Public and will harvest it when everyone bails, or less apocalyptic?
Extrinsic was getting very low, so rolled 7x NVDA -p950 to net week for +$5, could have been +$12 earlier, but I was out and about, that's the way it goes...
My thesis and ensuing statements have not changed.. the reduction in premium TODAY indicates to me that this little FOMO rally, or change in narrative has caught some participants and now their work is done. With short interest at record highs NOW, it’s going to be either a killer but short lived short squeeze, or any real realized P&D miss will be easy pickings for shorts to capitalize on - at least short term in duration.
I will say, that overall destination price level might have changed or been slide up somewhat - raise the roof to lessen the fall - but well it certainly is entertaining.
Joe is estimating that CT production could be close to 1,000/week now (hopefully I'll have a VIN soon for my Dec. 27t Foundation order). The Foundation markup probably means they have positive Gross Margins.
Magic 8 ball says, Down.
Knightshade
Well-Known Member
Troy's also pointed out the VIN data is finally showing a greater-than-linear ramp on CT-- but we probably ought to believe Elon who told us it won't be enough to be material in 2024.
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