Wiki Selling TSLA Options - Be the House

[Patrick66]

I had the opportunity a week or so ago to buy back the 5,000 shares I had lost to CCs after the last ER. I had made enough premium selling Puts that I would have had a slight profit. Effective break even point is $191.5. I didn't buy then because I was worried about a drop back below 160, and I wanted the extra margin protection of cash vs shares. Now I'm kicking myself. I guess I will keep selling Puts.

No use crying over spilled milk. We learn from our mistakes, but in this case I am glad I was defensive. Sold some 7/19 -P220 today which will cover about half of my missed opportunity.

 

[Yoona]

I had the opportunity a week or so ago to buy back the 5,000 shares I had lost to CCs after the last ER. I had made enough premium selling Puts that I would have had a slight profit. Effective break even point is $191.5. I didn't buy then because I was worried about a drop back below 160, and I wanted the extra margin protection of cash vs shares. Now I'm kicking myself. I guess I will keep selling Puts.

haiyaa

 

[Max Plaid]

We have a gap 209-223, how to trade this?
Itching to BTC short puts at open, but don't want to miss out on a larger run if we get one.

I'm just going to focus on closing out my ITM weekly short calls with puts, I'll worry about the gap-fill when it comes, have 100x Jan +p150's, so risk of writing puts close to the money is not so great...

 

[OrthoSurg]

Rolled my dead CCs

RIP

 

[OrthoSurg]

I had the opportunity a week or so ago to buy back the 5,000 shares I had lost to CCs after the last ER. I had made enough premium selling Puts that I would have had a slight profit. Effective break even point is $191.5. I didn't buy then because I was worried about a drop back below 160, and I wanted the extra margin protection of cash vs shares. Now I'm kicking myself. I guess I will keep selling Puts.

I almost got my 600k out of CASH.TO to buy YOLO cheap calls but kept them for my cash secured puts

They would have made a killing

 

[thenewguy1979]

Doggy gleamed $300 buck out of the pump this morning. Good for the day. Got to bail before my buddy Powell give his speech.
Good luck team....

 

[Yoona]

locking in profits, +71% overnight

 

[thenewguy1979]

Doggy gleamed $300 buck out of the pump this morning. Good for the day. Got to bail before my buddy Powell give his speech.
Good luck team....

Could have made more. But profit is profit. Better then any lost.

Dog dont have 9 lives like Cat.

 

[elasalle]

great numbers.

rolled my Jan 26 300 to Dec 26 380 for ~ 4.50 credit in personal .... at some point I hope to convert back to jan 26. Monies to the bank ....
rest all CC's already in Jan 26 400

 

[Max Plaid]

Right, in full aggressive "repair mode"

IV nice and high for this week, despite markets being closed half day tomorrow and all day Thursday, so took advantage of that

STO 100x -p225 + BTC 15x -c187.50 -> STO 25x -c225

75x -c187.50 remaining...

 

[bonk3125]

That's nothing to write home about. The difference between 1 and 3 in how deep the pullback will be is about $3. The big trend is up. Sometimes I list those out to have something to refer back to when things become clearer.

Absent a big miss tomorrow, the squeeze should go on. I wonder how many people actually believed this when I posted it on June 3rd.
View attachment 1061374
A month later
View attachment 1061370

And yet, I know that when the time comes everyone and their mom on X and youtube will act like geniuses who have known this all along. You didn't believe me when I said it's going to go up, will you believe me when I say it's gonna go down?

Thanks @dl003
Been following your TA along with others’. Stayed out of ATM/NTM cc recently because I have ptsd from previous squeezes. Your TA has been excellent. Will start selling OTM cc this week soon once we see some exhaustion. Thanks again. YMMV.

 

[Yoona]

tsla gamma is bullish but vanna is not

be careful in case of reverse

 

[thenewguy1979]

Happy Day Today!!!

I rather make money going up then down. Go Go TSLA.

 

[Max Plaid]

tsla gamma is bullish but vanna is not

be careful in case of reverse

View attachment 1061536

I'll accept the risk of a reversal right now, thanks... that's my go-to repair plan, ATM puts, close ITM calls, straddle the freed-up call with the puts to roll them up ATM

 

[StarFoxisDown!]

great numbers.

rolled my Jan 26 300 to Dec 26 380 for ~ 4.50 credit in personal .... at some point I hope to convert back to jan 26. Monies to the bank ....
rest all CC's already in Jan 26 400

Really annoying that there aren't higher strike prices for Dec 26

Want to roll my Dec 25 to Dec 26 but roll it up to something like 420.

 

[StarFoxisDown!]

https://twitter.com/x/status/1808139950015074495

I know charting and technical trading is something one must adjust constantly and make changes but still hilarious how this guy has been dead set on 152 being tested again before the long term liftoff and then posts this where 214 is now the retest line.

This guys analysis has been valuable so no knock on him. Just humorous

 

[Chenkers]

We're pretty much on the downtrend line from ATH at around $227.80. We've bounced off this line everytime since Nov'21. So it's a logical place for a pause and re-test but there's a lot of FOMO and likely good earnings coming up so I wouldn't be surprised to see it broken soon.

 

[Jim Holder]

Datapoint: $239.86 is the measured move fib target for wave (c)

 

[BornToFly]

I have 230 and 235CC for Friday. Trying not to panic. I think we get a Red day either Thursday or Friday....

 

[dl003]

Im semi expecting 23x in June. For that to happen, we need to see 180 broken this week. The timeline may have got moved up. Mk needs to roll over right now, otherwise this next leg up can make the 139-199 run look like child play.

The timing here was semi-wrong but not the point. The point here is the "child play" part. It's the reason I've been super skittish for the last 2 months. The 1st leg in TSLA is rarely, if ever, the strongest. If the 1st leg went $60 in 5 days, be very afraid of the 2nd. This is not it. No sign of exhaustion yet.