Rolled 10x 5/10 -c175 -> 30x 5/10 -c185 for same money -> 70x -c175 remain... 100x -p180 also still in play
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Sold a buncha 200s for Friday at around 75 cents... since I never time a top that well I expect SP is going higher soon
Isn't this how TSLA is always?I've been holding off selling CC's the past few days, even for scalps. With the SP appearing to be in an unstable state lately (i.e., 160-138-168-198-176-187-183, etc.). Afraid of a steamroller/news event. Also a bit of PTSD from BTC -C165 5/17 at the low $190's for a decent loss, then seeing TSLA come back to $176 last week
How have you been playing TSLA when it behaves like this, or do you just sit it out too?
Lol. It seems a lot more unstable/volatile lately.Isn't this how TSLA is always?
100% agree.. IDF was literally on the top of the fence…why wouldn’t Hamas just say “uncle, ok, we agree”.. and they change it all a week or two from now.It’s a ruse, unfortunately. The agreement they “agreed” to is not even on the table. It’s a ping-pong, this time to make Israel look bad for not accepting.
Maybe you missed this post last FridaySo when is NVDA at $600 coming? This week or next week?
Update after posting: And It’s now pointing to 967My AI is telling me ~ $935 for NVDA in short order. I’m going to look to sell more calls again if we get up there. It would take quite a lot to get us back under $800 in the NEAR term.
I’ve been using -C260 12/20/2024 (228 days) as a scalp vehicle, so even if they go very red on some surprise ($200+), I’ll just be out of action on a tranche of cons until they expire but my shares will be okay.I’ll take it though, time for selling more July calls.
I’m more confident with higher volatility between now and July, than in Dec.. Most elections years REGARDLESS of outcome - but this time really could be different, markets rally or at least stabilize post mid November. TWT.I’ve been using -C260 12/20/2024 (228 days) as a scalp vehicle, so even if they go very red on some surprise ($200+), I’ll just be out of action but my shares will be okay.
July (78 days) sounds good since it expires sooner than December, though for any decent premium need to come NTM. -C200 pays $10.50 now. What did you have in mind?
I’m more confident with higher volatility between now and July, than in Dec.. Most elections years REGARDLESS of outcome - but this time really could be different, markets rally or at least stabilize post mid November. TWT.
Well, nothing is ever truly safe, but we’ll be past Q2 earnings most likely then (7/17/24?), and Q2 P&D, so unless everyone is just assuming BAD/BAD again, we could rally. All these job cuts won’t add TOO much to reducing negative earnings - since everything pretty much comes with 1-3 months of severance, or HC expense and in some states additional contributions to a more annualized SUI contributions.. overhead will most likely be reduced more by just MAKING LESS and reducing COGS.Would you say -c200 July-24 @ around $10.50 is kinda “safe” bet NFA?
There is SUPER hard resistance just below $200 and again just below $212… so trying to stay just ABOVE $212 all in would be my target.
NVDA and SMCI on steamroller mode....both are aiming at upper BB.Maybe you missed this post last Friday
Yes, but,Thanks for teaching me something new. The “All in” concept is a good point. This implies that even IF $200 is breached, and even IF $212 is breached (two big IF’s; 2nd one apparently more unlikely before a retrace down) then selling -C200 for $12 nets the same cash if we sold shares then. It only fails if somehow TSLA passes $212 and heads for the $220’s for some reason, but then we can roll.
I’ll probably try a few -C210 7/19 @$8.00ish (net $218.00) just to add a bit of buffer/less stress.
Personally... writing ITM calls and hoping they get assigned. I still have a lot of shares, but the stock has become too volital to be a dominant part of my portfolio. I'm also writing some DITM LEAP puts that I will try to trade take gains where I can. I don't think it is a great strategy; I think the stock should be at $220 right now and I hate selling at the discount. I would describe myself as "strategically capitulating".How have you been playing TSLA when it behaves like this, or do you just sit it out too?
There is indeed NO uncertainty who ‘Bad Cop’ is within the federal governors space..This is who the Bears pray to now......
Imotep coming at you 11:30ET tommorow... Be ready...
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I think the stock should be at $220 right now
Can you elaborate on your thinking here. Many even long-term bulls saying it’s a miracle it’s not <$100 currently, given 2024 EPS crash and not much more for 2025.