Wiki Selling TSLA Options - Be the House

[dl003]

Oh, I see. The expectation is that we get to 160 or between the 7th and 14th?

I'd say before the 7th.

 

[Jim Holder]

I'd say before the 7th.

We bearish now?

 

[dl003]

We bearish now?

View attachment 1049628

nothing has changed for me. I'm holding put spreads instead of selling more calls.

 

[Jim Holder]

nothing has changed for me. I'm holding put spreads instead of selling more calls.

Something like this?

 

[BornToFly]

nothing has changed for me. I'm holding put spreads instead of selling more calls.

I'm never clear on the timing for what you expect to see. What would you do with 170CCs for next Friday? Roll them up and out now, or wait a little longer?

 

[Jim Holder]

Next few weeks, ppl are betting bullish 190-210:

 

[Jim Holder]

Like a few weeks ago when a similar posture was present, TSLA may visit the top half tomorrow and Friday:

 

[dl003]

I'm never clear on the timing for what you expect to see. What would you do with 170CCs for next Friday? Roll them up and out now, or wait a little longer?

I'm seeing a strong move to either side so I'm buying volatility in the form of put spreads instead of selling calls. If I'm right, I'll make money for very little outlay. If I'm wrong, I'll be able to avoid the next $10 spike which can cost me a lot more than the cost of the put spreads.
I lean bearish (maybe 55/45) here so I'd hold those -170C, purely mechanically speaking. I don't have a strong read here.

 

[tivoboy]

Just FYI, my full target for this DCB is about 250-260. If we get there, you probably will see people saying TSLA has broken out of its resistance trendline, like so
View attachment 1049622
However, since this correction has been so extensive, it may be more appropriate to use a log chart, like so. It's still perfectly within bounds, ready to turn down again
View attachment 1049625

@dl, if I send you a recent photo, can you draw some lines that make me look 10% thinner?

;-)

That’s just my attempt at humor, since I have a feeling that the rug pull is about to happen.

 

[dl003]

Something like this?

View attachment 1049629

No, exactly like I posted last week

Spiking up from here is the scenario I'm trying to avoid by not selling calls.

 

[tivoboy]

View attachment 1049623
This chart is so busy my immediate reaction was to see this:

My follow up image for this highly indicative but messy chart.

would be the end of the last Star Wars movie. It’s more representative

 

[Jim Holder]

 

[dl003]

No, exactly like I posted last week
View attachment 1049632

Spiking up from here is the scenario I'm trying to avoid by not selling calls.

Here's after everything said and done, which I why I liked it the most.

 

[Yoona]

i went all-in on SMCI/NVDA

10-1 split, yesssssssssssssssssssssss

 

[thenewguy1979]

10-1 split, yesssssssssssssssssssssss

Weird, SP seem muted - perhaps it's AH?

Market seem quiet as well.....

 

[tivoboy]

10-1 split, yesssssssssssssssssssssss

Options lottery win!

 

[Max Plaid]

Here's after everything said and done, which I why I liked it the most.
View attachment 1049640

Hang on, a few posts up you said we were going to DCB up to 260, colour me confused!

 

[dl003]

Hang on, a few posts up you said we were going to DCB up to 260, colour me confused!

Different timeframe. I think we'll go up after this correction is over. It may not be over yet.

 

[Max Plaid]

Weird, SP seem muted - perhaps it's AH?

Market seem quiet as well.....

Yeah, I remember going big on the GOOG split, lost me a ton on money...

Also surprised NVDA not moving much, I guess these earnings beats aren't really s surprise any more

 

[Max Plaid]

Different timeframe. I think we'll go up after this correction is over. It may not be over yet.

Ah - I must admit the print on the charts isn't always the easiest to read for my old eyes