Way more puts than calls=down pressure
Yesterday I noticed dealer deltas were turning bearish (red bars) but didn't see this big a drop.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Way more puts than calls=down pressure
Yesterday I noticed dealer deltas were turning bearish (red bars) but didn't see this big a drop.
bballshinobi
Member
Probably because the run-up was not based on fundamentals but on hype and a short squeeze
Three years and counting...Closed CC's in personal, and now waiting for a pop ...
FUD induced drop ... how long the BOTS gonna be fooled
@Jim Holder - would be great if you put a few lines of explanation with the charts you post... not only do I struggle to interpret what I see, I can't actually read half of it in the first place 
"My legs are grey, my ears are gnarled, my eyes are old and bent..."
So, waited, waited, waited and STO 100x 5/17 -C180 @$2.6 -> who knows if it goes up or down from here, but although I would have preferred -c185's, it's repositioning in the right dfirection
Now to deal with this week's -p180's, there is a free roll down to -177.50 next week, but still $1 extrinsic in play, maybe wait a bit, perhaps -p175 becomes a possibility later in the week
Toying with a straight roll to -p180 against form a straddle, on one hand this is a FUD induced drop today, on the other, the fundamentals aren't exactly sparkling right now either...
"My legs are grey, my ears are gnarled, my eyes are old and bent..."
So, waited, waited, waited and STO 100x 5/17 -C180 @$2.6 -> who knows if it goes up or down from here, but although I would have preferred -c185's, it's repositioning in the right dfirection
Now to deal with this week's -p180's, there is a free roll down to -177.50 next week, but still $1 extrinsic in play, maybe wait a bit, perhaps -p175 becomes a possibility later in the week
Toying with a straight roll to -p180 against form a straddle, on one hand this is a FUD induced drop today, on the other, the fundamentals aren't exactly sparkling right now either...
Closed NVDA PUTS etc(net neutral), got me 600 shares of TSLA ... 6 JUN 24 PUTS STO for $3.30 to go along ..
my CC piggy bank is net positive once again
+(3100 shares in CC piggy bank ... now I can sacrifice my 3000 shares in personal any time - should have done it 2 yrs ago .. but now time will come ... gonna be a bit aggressive with the personal CC's
my CC piggy bank is net positive once again
+(3100 shares in CC piggy bank ... now I can sacrifice my 3000 shares in personal any time
- should have done it 2 yrs ago .. but now time will come ... gonna be a bit aggressive with the personal CC's
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it worked!if CC income is too low, another option is to try the Stock Repair Strategy
View attachment 856136
| Stock Repair Strategy: Using Stock Options to Reduce Losses When Stock Price DeclinesThe Blue Collar Investor
www.thebluecollarinvestor.com
buy +c x1 and sell -c x2, this lowers the cost basis to the -c's strike
i had SMCI B/W stuck at 901.66 pre-earnings
instead of weekly -c905 CC and wait forever for sp to rise, i did a 1:2 Call Ratio Spread aka Stock Repair Strategy aka CC + Bull Call Spread
+c835 x1 and -c870 x2 reduced my breakeven from 901.66 into 865
rinse/repeat and i'm out with no capital loss since there is large initial credit every week
Stock Repair Strategy
You did your homework, picked a great stock, totally undervalued and ready for a nice price rise. However, after you bought the stock, the damn thing goes and drops 20%. So what do you do now?
optionstradingiq.com
thenewguy1979
"The" Dog
Congrat Yoona!!it worked!
i had SMCI B/W stuck at 901.66 pre-earnings
instead of weekly -c905 CC and wait forever for sp to rise, i did a 1:2 Call Ratio Spread aka Stock Repair Strategy aka CC + Bull Call Spread
+c835 x1 and -c870 x2 reduced my breakeven from 901.66 into 865
rinse/repeat and i'm out with no capital loss since there is large initial credit
View attachment 1045345
Stock Repair Strategy
You did your homework, picked a great stock, totally undervalued and ready for a nice price rise. However, after you bought the stock, the damn thing goes and drops 20%. So what do you do now?
Do you have a target for SMCI this week. Seem bullish.
chillerjt
Member
Seems like FSD is progressing quickly
Knightshade
Well-Known Member
Elons reply makes the claim Tesla bought at least 2.1M dollars worth of them in Q1 this year even more baffling though.
Is luminar just outright lying?
I went through this a few times and not sure what the progression is that you have to make this work in a chain of events.it worked!
i had SMCI B/W stuck at 901.66 pre-earnings
instead of weekly -c905 CC and wait forever for sp to rise, i did a 1:2 Call Ratio Spread aka Stock Repair Strategy aka CC + Bull Call Spread
+c835 x1 and -c870 x2 reduced my breakeven from 901.66 into 865
rinse/repeat and i'm out with no capital loss since there is large initial credit every week
View attachment 1045346
Stock Repair Strategy
You did your homework, picked a great stock, totally undervalued and ready for a nice price rise. However, after you bought the stock, the damn thing goes and drops 20%. So what do you do now?
let's we bought SMCI at 900, so today would be:
1. buy 830 may 10 call and sell 2x 850 (anything more will result in debit) for $2 credit.
if SMCI is between $830-850, you collect on the long call.
If SMCI is 850, we gain $20 from the long call, that reduces CB to $880. Then roll 850 short call to next week at whatever OTM call is that gives credit/neutral when we buy another $850 long call?
Do this until credit collected is good enough to let the shares go at breakeven?
What if SMCI takes off and the $850 short call becomes DITM that a roll is not generating income to offset the purchase of the long call?
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you don't decide -c based on credit or debit, it has to be the halfway point
right now sp is 830, so halfway is (900-830)/2=35
that means +c830x1 and -c865x2
if that is a debit, look for the next expiration (ie next week or so)
looking at the 5/17 chain, you break even at 865 (and even make a capped profit)
as long as sp is below the halfway (ie stock refuses to climb), a+b will gradually eat away the unrealized loss until you finally break even
Stock Repair Strategy Guide [Setup, Entry, Adjustment, Exit]
Stock repair is an options strategy used to help recover losses from a long stock position. Learn more with Option Alpha's free strategy guide.
optionalpha.com
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More Reuters bad news coming?
$1.6 million P190 for this week just came in. Seems someone thinks we move more down from here?
(or is that a sell?)
$1.6 million P190 for this week just came in. Seems someone thinks we move more down from here?
(or is that a sell?)
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