Nocturnal
Supporting Member
Come on TSLA, you can do it. Edit, bam. I wonder when breaching 1k will get old? Maybe after Q2 S&P inclusion? 
GO GO GO BABY, YOU CAN DO IT!
Come on TSLA, you can do it. Edit, bam. I wonder when breaching 1k will get old? Maybe after Q2 S&P inclusion?![]()
[/QUOTE]$1000+
First chart is the "Max pain" chart. It's a series of bars where the X axis is TSLA closing price at option expiry, and the Y axis tells you how much money all the TSLA options are worth cumulatively if that closing price occurred. It's split into blue for puts and red for calls. A lot of options are sold by market makers, so the theory is that market makers will seek to move the closing price at expiry to the value which minimizes the gains from all the sold options (maximizing pain for the option buyers).
The next two charts are simply charting option open interest on the Y axis (how many contracts have been written in total) against option strike price on the X axis. Again calls in red and puts in blue.
This is good info. Thank you. Could you explain how you analyze that chart and choose what price/dates to pick? Obviously news and knowledge of upcoming things and whatnot will lead to your decision but perhaps could you put it in terms of how it would be spoken to a broker?
Would it be "Id like 10 Shares of 1500$ Call options for 60 days"??
Thanks for the help !!!
Odd, was just thinking the same thing. ALA the flip side of "They're Coming to Take me Away!"But can you play it backwards when it drops under a grand?
Let's hope you don't have to!
Sure was a lot of excitement here yesterday regarding the ultra bullish super reversal engulfing luminescent candle of exploding ecstasy.
Can we please have another? I will take a simple cup shoulder handle rocket blast of terminal velocity.
Thanks!
But can you play it backwards when it drops under a grand?
Let's hope you don't have to!
Tulsa's chances have now gone to precisely zero. They're essentially having an anti-Black Lives Matter rally on Saturday. With the looming and inevitable death of fracking, that state is on the cusp of cratering back into the Stone Age.
That's a steep wall to climb for MMs. Strongly supports a Friday Close at or above $950 or MMs (Put writers) pay dearly.Comparing open interest from yesterday to today, it looks like someone opened about 10,000 puts at 950.
I think it actually plays "Spinning Wheel" by Blood, Sweat, and Tears...If you play it backwards it says, "Buy Tesla!"
OT - Anybody buying ENPH lottery tickets for Friday? I bought some 5c 55 calls.