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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
ProfessorZoom
Member
Thank you. Can you share how you are interpreting this GEX setup so we can understand what you’re showing.
gamma/vanna in sync: 4/5 170-185 is the range for now
gamma 185 is bigger magnet; confirmed by prems and today's net volume
note that 190 net volume is almost the same as 185 (bullish)
thenewguy1979
"The" Dog
It's not a bull flag.
Most likely it's the 2nd leg down of the correction that started in November 2021.
Last edited:
thenewguy1979
"The" Dog
145 is all I'm willing to say. 1 foot in front of the other and try to get the optimal entry into a short / hedge is my motto.
There seem to be two trading camps. Those that look one or two quarters ahead and think TSLA will go down more after already dropping 30% this year, and those that can look a little into the future and see Cyber ramp, FSD, and Gen 2 vehicle causing another major breakout, and are accumulating here.
I don't have a crystal ball, but I'm hoping the bottom is in.
I don't have a crystal ball, but I'm hoping the bottom is in.
So long as the overall market doesn't decide to have a 10-20% downwards correction in the new year or so. We know TSLA will get taken out to the wood shed in that process .
Knightshade
Well-Known Member
That poster doesn't have access to that level of trading data either, they got it from this post:
EVNow
Well-Known Member
Thats why I don't play P&D. That range is way small for a P&D week, the premiums don't justify the risk either.
What do you think might explain the narrow range? It’s curious to me as well.
Could it be many TSLA tea-leaf readers are over-banging the doom trap-door drum and $170-$190 is indeed sufficient for true range given we fell from $240 already, and sometimes the data steering us in our face might be telling us something?
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