Wiki Selling TSLA Options - Be the House

[Right_Said_Fred]

Just like the market I've lost some fate in Tesla/TSLA over the last few months.

Model 3 and Y have to keep the company afloat for the next 2-3 years, but in China the competition is getting very tough (with a lot of fresh designs) and in the US the low hanging fruit has been picked and it's harder to find new customers. Cybertruck is the bright spot there. In Europe the situation seems to be stable.

Energy is starting to look like the eternal promise; the huge growth we are expecting is still not materialising.

So TSLA will have to depend on FSD progress and Robotaxi. I still see a lot of obstacles on the way to 99,999% reliability and I don't have high expectations for Robotaxi in terms of financial potential. But if the market does have that confidence it will also need a lot of patience. I don't think Robotaxi (and Model 2) will be ready for mass production within 3 years. It feels as if Elon's surprise 8/8 Robotaxi announcement also caught his team off guard.

The positive news is that he seems to be back at the helm - hopefully not because of the option package vote - but he doesn't control external circumstances. So I expect more price cuts, lower or no growth and lower EPS for a while. I suspect that will keep downward pressure on the stock.

 

[Discoducky]

If we get close to 150 before end of day, I will sell more CCs.

I'm hedging to the downside (bought $130 puts) as I'm worried about the "one more thing" from earnings today like China FSD or Giga India and I don't wanna be caught collecting pennies in front of a steamroller.

 

[BornToFly]

I'm hedging to the downside (bought $130 puts) as I'm worried about the "one more thing" from earnings today like China FSD or Giga India and I don't wanna be caught collecting pennies in front of a steamroller.

Yeah, if I sell more CCS, it will be 162.5 or higher for Friday. Premium over $1

 

[ProfessorZoom]

https://twitter.com/x/status/1782771974738997350

 

[intelligator]

Exactly why I will shutdown this last SMCI spread this AM, small loss.is.okay. Volatility
of this beast is real, +/- , it's a severe drain when - ... careful peeps!

Apologies for getting in the middle of TSLA with this. It helps me deal with the actions when I see what I write. As much as I try, I just can't get out of positions with finese. To limit downside I put in an order before market to close at a slight loss. Order filled, then SP climbed, is at $760s now, would have been a nice profit based on when I put on the position, had patience played a part. I let the fear of getting stuck with another huge loss get in the way of what could have saved me tons of real cash.

Putting aside the loss of capital, now out of SMCI, stress is off which is more important. I'll need to work on a safe strategy to recover to break even by year end. Darn it !!! Thanks for listening.

 

[BornToFly]

Pulled the trigger and sold 167.5CC for Friday for 0.9

Edit: Crazy premium for 15.5% OTM. Normal week would be hoping for 0.2 10% OTM. Looking for IV crush tomorrow. I do realize that if TSLA has a beat, great FSD news, and no delay in Next Gen, then I will be rolling....

 

[MikeC]

Resold 4/26 -c150/155/160 and bought 4/26 +p140 and 5/3 +p130/135. Was feeling too nervous yesterday with no downside protection.

 

[ProfessorZoom]

 

[juanmedina]

NVDA trying to stay above $825. Any one shorting it here? Like usual I should had kept the shares that I had instead of taking a small lost.

 

[thenewguy1979]

NVDA trying to stay above $825. Any one shorting it here? Like usual I should had kept the shares that I had instead of taking a small lost.

sub 700 Puts for next 2 weeks are at discount if you want to short. Got meself some cheapo 700P exp 5/3.

SMCI earning next week

Per Wicked this is where we can go short to sub 6xx.

 

[thenewguy1979]

Holding 136P, 130P entering ER.

Good luck guys.....

 

[Max Plaid]

Apologies for getting in the middle of TSLA with this. It helps me deal with the actions when I see what I write. As much as I try, I just can't get out of positions with finese. To limit downside I put in an order before market to close at a slight loss. Order filled, then SP climbed, is at $760s now, would have been a nice profit based on when I put on the position, had patience played a part. I let the fear of getting stuck with another huge loss get in the way of what could have saved me tons of real cash.

Putting aside the loss of capital, now out of SMCI, stress is off which is more important. I'll need to work on a safe strategy to recover to break even by year end. Darn it !!! Thanks for listening.

I wrote SMCI 5/3 -p1000's, but against Jan 2026 +p1000 and +p8000, I'm "hoping" that their earnings isn't as dire as everyone is expecting and it bounces back up. If not I'll keep rolling or look to roll down a bit, or just close the whole lot out

Calendar spreads give a lot more flexibility in that respect

 

[Max Plaid]

NVDA trying to stay above $825. Any one shorting it here? Like usual I should had kept the shares that I had instead of taking a small lost.

I sold 5x 5/24 -c800's against my put shares. but not too worried as I also have -p900 on the same expiry, so one hedging the other in effect...

 

[Max Plaid]

STO 100x 4/26 -p135 @$3.1 -> +/-9% move after ER anticipated, so from 145, which seems to be today's sticky number, that' would take us down to 132...

So that gives me 100x -p135 / -c140 (+$12.2) strangle going into ER

GLTA!

 

[deerfield]

Ú

I wrote SMCI 5/3 -p1000's, but against Jan 2026 +p1000 and +p8000, I'm "hoping" that their earnings isn't as dire as everyone is expecting and it bounces back up. If not I'll keep rolling or look to roll down a bit, or just close the whole lot out

Calendar spreads give a lot more flexibility in that respect

Trying to see the dynamic of this. What did you pay for on the Jan26 +p1000?

 

[Discoducky]

In all honesty, I have no freakin' idea which way the SP is going to go for earnings today. I think the only guarantee is that it will be a wild ride.

4/26 100x +p75s $0.01 and 100x +c200s $0.06

 

[thenewguy1979]

In all honesty, I have no freakin' idea which way the SP is going to go for earnings today. I think the only guarantee is that it will be a wild ride.

4/26 100x +p75s $0.01 and 100x +c200s $0.06

Up down left right ab ab…..nes days
Wilds

 

[StarFoxisDown!]

In all honesty, I have no freakin' idea which way the SP is going to go for earnings today. I think the only guarantee is that it will be a wild ride.

4/26 100x +p75s $0.01 and 100x +c200s $0.06

Given the real time data we have to track European and China weekly/daily sales numbers is pointing to Q2 being possibly worse than Q1, Elon and company are gonna need some actual FSD news and/or FSD data metrics to get Wall St to ignore another incoming ugly quarter(s).

Even though everyone and their mom is already predicting a plunge, I'm making some small very short term moves for protection since Tesla seems to not care to get ever give any metrics to track when it comes to autonomy. If Elon pulls his usual earnings call stunts and/or Tesla as usual decides to not give any insight/forecasting as using, I think this opens 10% gap down tomorrow.

 

[Max Plaid]

Ú

Trying to see the dynamic of this. What did you pay for on the Jan26 +p1000?

Bought those at $320, immediately sold -p1000 against them for $100

Before the crash I was making around +$30 weekly on short puts, so 10x weeks you get the long puts for free, OK didn't work out (yet), but the principle is good

As it is they're roughly break-even if I sell the longs and shorts, so no sweat

 

[elasalle]

If Retail keeps buying PUTS, MM will keep taking the SP up .
Added 30 for 4/26 PUTS @100 strike for .17 each ... sacrifice

Hope Elon is well rested and rehearsing for the conf call so that his message is crisp