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  1. I

    Wiki Selling TSLA Options - Be the House

    Hmm, that was exactly when I placed a market buy order for 30k shares. 🤔 🤔 🤔 Here’s hoping the gains hold thru Monday AM at least…
  2. I

    Wiki Selling TSLA Options - Be the House

    Inside the parentheses is a key point - what is best for one person is usually unique to them…there is rarely a universal “best”. …and this is the *goal*. Too often people think of their goal as a number or milestone or whatever, but this here is a far better articulation of the real goal...
  3. I

    Wiki Selling TSLA Options - Be the House

    I mean, I *want* to just kick back and relax for the rest of the day...but when I glance at my watch and see that TSLA is once again up almost $2 on the day, I have to ask myself if I should hop back on the laptop long enough to re-buy those puts to ride them yet again... :)
  4. I

    Wiki Selling TSLA Options - Be the House

    …and now the dip is great to sell them off into. More profit could be made by holding, I’m sure, but *nothing* wrong with locking in these profits and relaxing for the rest of the day. GLHF all! :)
  5. I

    Wiki Selling TSLA Options - Be the House

    Was great to buy more puts into! 😀
  6. I

    Wiki Selling TSLA Options - Be the House

    Taking advantage of the morning pop to double up on this, just for fun. ;)
  7. I

    Wiki Selling TSLA Options - Be the House

    6/14s have a basis of $8.61 from earlier today, and then yes, 6/28s have a basis of $10.09 bought near the end of the day while it was green.
  8. I

    Wiki Selling TSLA Options - Be the House

    BTO 200x TSLA240614P180 and BTO 200x TSLA240628P180. Let’s see how June goes (or at least, how this week goes…nothing wrong with exiting early to lock in a small gain either).
  9. I

    Wiki Selling TSLA Options - Be the House

    As @Knightshade points out, it is indeed 2:1. Perhaps you’re picturing the 3:1 because you get to keep your original chip (plus the 2 chips won). So, yes, in theory you could bet one chip on each colum and break even if it’s 1-36, while losing on a green 0 or 00. In practice, however, since such...
  10. I

    Wiki Selling TSLA Options - Be the House

    Maybe, maybe not. Remember the below trade someone had made (which has certainly intrigued me far more than it warrants)? As of right now, Fidelity is quoting those options at $0.71, not the $7.71 that were paid, for a $2.1M loss / 90.8% loss (if still held, of course). Bottom line...sometimes...
  11. I

    Wiki Selling TSLA Options - Be the House

    …TBH, I really like roulette!!! So true…I often think about this, both when at the Vegas casinos and when at my computer screen reading this very site while we all play at the even-bigger-than-Vegas casino… There are single-zero tables (albeit with a $100 minimum for each bet) which slightly...
  12. I

    Wiki Selling TSLA Options - Be the House

    STO 100x -TSLA240510P170 CSPs for $0.82. Not expecting them to be ITM by EOD tomorrow, but currently thinking if they are I’ll just wheel the shares next week. Contrarian indicator is strong, however, so I now assume it’ll plummet to trap me. 🤣
  13. I

    Wiki Selling TSLA Options - Be the House

    So very true! My main take away from watching this is as a reminder of how quickly a trade can take a poor turn...and examples like this (50% drop in 24 hrs, even if unrealized and potentially reversed over the next 3 weeks) really prove the point of your signature. :)
  14. I

    Wiki Selling TSLA Options - Be the House

    Last price on these is now down to $3.85 for a ~50% loss in ~24 hours if that buyer hasn't already closed out that position...
  15. I

    Wiki Selling TSLA Options - Be the House

    By my math, with those now being priced at $5.90 ea, the buyer is currently down $543,000 this morning on that trade, correct?
  16. I

    Wiki Selling TSLA Options - Be the House

    Perhaps, but perhaps not, especially given the careers attributed to these particular buyers. Most people have things which they care about enough to "pay the most (if needed) to get what they want" and those things which they have a preference on but are happy to "pay less for something that...
  17. I

    Wiki Selling TSLA Options - Be the House

    Contemplate letting them be assigned, then giving yourself time to think before re-purchasing shares / selling more CCs? Nothing wrong with giving yourself permission to take a step away from the table and think…
  18. I

    Wiki Selling TSLA Options - Be the House

    Just ~2/3rds the way thru the quarter, nothing more.
  19. I

    Wiki Selling TSLA Options - Be the House

    Nothing to see here, I’ve just been shopping…
  20. I

    Wiki Selling TSLA Options - Be the House

    Are you sure you want to take that position? Because that position means full culpability for Mr. Musk. If Mr. Musk was surprised for whatever reason, then he can plausibly explain on the call why he was surprised and how he is going about rectifying Tesla’s current situation, and how things...
  21. I

    Wiki Selling TSLA Options - Be the House

    We will know the ER numbers in 48 hours, yes. What will still be unknown is the more important part of your post, to what degree Mr. Musk was surprised by the numbers (vs being very aware throughout the quarter how things were shaping up) and to what degree the numbers drove the...
  22. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    ... Minor difference between prospective investor and current investor is simply that the former wants to learn and potentially take a seat at the investor roundtable, whereas the latter already has a seat at the investor roundtable. Both should be welcome here. Greater difference is between...
  23. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    Please, one should not disregard others' concerns simply because they are not yours. I have owned Teslas since 2017, and while range is not an issue for my day-to-day uses, it is most certainly an issue for some of my once-a-month-or-so uses. With a nod to the moderators, I won't re-ignite the...
  24. I

    Wiki Selling TSLA Options - Be the House

    It really has been quite a week. My investment thesis has and both short term and long term Tesla and TSLA expectations have had to be reconsidered far more often this week than most weeks, to be sure. Come Monday, place your bets (or don’t) as you see fit. But definitely get some popcorn ready...
  25. I

    Wiki Selling TSLA Options - Be the House

    Short term, this increases my expectation that the numbers this week will be quite low, and Tesla is trying the various levers in order to generate some anecdotal short-term data points to provide some support. Anything they will be able to share by the earnings call this week r.e. FSD take rate...
  26. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    On a trailing twelve-months (TTM) basis, TSLA currently has $96.773B revenue currently; however, the concern is that once 2023Q1 is replaced with 2024Q1, that TTM revenue number will decrease, not increase. Possibly significantly so. We will know that in less than a week with real data. The...
  27. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    If the discussion is from the perspective of those who are invested (or strongly contemplating investing) in Tesla, this forum is a perfectly reasonable place for such discussion, as those people have a seat at the "Investors Roundtable" forum to have such discussions. If the discussion is from...
  28. I

    Wiki Selling TSLA Options - Be the House

    I’m sure you’ve already considered this, but the only true danger with that plan would be the risk of a gap-up overnight such that your pre-programmed buy order (set to be triggered if SMCI hits, say, $784.75) doesn’t trigger on Day X (not even if AH) but the next day SMCI has already gapped up...
  29. I

    Wiki Selling TSLA Options - Be the House

    Question to those who share option order data here...can you please describe your criteria and thought processes on what orders you look for? @Yoona 's screenshots appear to filter and show only orders > $1M, but one of @Jim Holder 's screenshots showed adjacent, smaller options contract flow...
  30. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    A rule? Perhaps...perhaps not. That is perhaps best answered by the creator of this thread, so I will defer that to him. However, one could posit that any honorable gentleman / gentlewoman would rarely come here to post unless they were a Tesla investor / stockholder, or were seriously...
  31. I

    Wiki Selling TSLA Options - Be the House

    Alternative perspective - those exact same two items are, IMHO, among the strongest tailwinds readily available. Time to consider…
  32. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    Apologies if the different terminology caused any confusion - "3-day settlement" and "T +2 (trading day plus two more days)" are synonymous, but perhaps "T +2" in some way better conveys that the day of the trade counts as one of the 3 days. Thanks @mongo . Yes, options are 2 day (or "T +1")...
  33. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    Unlikely. There is a 3-day settlement period after the sale; during this 'settlement period', the proceeds from the sale would generally be shown as 'Available to trade' but *not* 'Available to withdraw'. Selling last Thursday would likely have been the last day. <Assuming the tax payer is...
  34. I

    Wiki Selling TSLA Options - Be the House

    @Patrick66 - I haven't been following your trades closely, and it's not yet 4/12, but 4/11 is indeed higher than 4/5, and your 4/12 $800 sold puts should be basically free to close at near-100% profit, and your 4/12 $900 sold puts should now be profitable to close as well (unless your basis was...
  35. I

    Wiki Selling TSLA Options - Be the House

    Nope! …but they did certainly try to pump before selling their positions…and sadly got many to follow them and trade based on their posts… 🙄
  36. I

    Wiki Selling TSLA Options - Be the House

    LOL - all else being valid but can be set aside, because check the date - is anyone seriously discussing any executive at any publicly traded company buying or selling their stock between end of a quarter and the public reporting of that quarter? No? Good, didn’t think so. On to more plausible...
  37. I

    Wiki Selling TSLA Options - Be the House

    Decided this AM to spend the weekend traveling, so just BTC'ed the 40x 4/5 $885 after today's very nice jump up to just book the profit and have one less thing to even be wondering about while relaxing. Still think NVDA will be in a nice place over the next week or so (NFA, of course)...
  38. I

    Wiki Selling TSLA Options - Be the House

    I, for one, am happily -40x $885 for tomorrow 4/5. Whether they will expire or be assigned tomorrow, I couldn’t guess, but if they are assigned then I’m fairly confident 4/12 will be higher than 4/5 and all will be well. A week is quite a bit of time in NVDA-land. YMMV and NFA, of course.
  39. I

    Wiki Selling TSLA Options - Be the House

    Not sure if you’re serious or not, but FYI the Mesa, AZ delivery center has a large collection of vehicles filling a chunk of the otherwise-mostly-empty Superstition Springs Mall parking lot, the Scottsdale, AZ delivery center has a similar collection at a shopping center near them, and while I...
  40. I

    Wiki Selling TSLA Options - Be the House

    @dl003 - you need not use the entire thread; my few posts alone will suffice. When I post that I am taking the opposite side of @BornToFly and @Knightshade on call options, that should be sufficient contra indicator (see below). 😁 However, after a weekend that was definitely not what I had...
  41. I

    CyberTruck (CT) waiting room

    FWIW, as of yesterday afternoon Mesa, AZ has 11 CyberTrucks behind the building, 1 CyberTruck inside the repair area, and there were 1-2 more on a car carrier trailer on the 60 off-ramp. Odd thing was that the 11 in back appeared to have been sitting there a while (vs being cleaned / prepped /...
  42. I

    Wiki Selling TSLA Options - Be the House

    ... "Hello from the other side..." <of that trade> :) Not sure I expect $215 next week or not...but we shall see. :)
  43. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    (see bullet 4 below). (No bravado here, just much experience and many, many, many hours behind the wheel of my Teslas.) My days of completely non-stop driving are (mostly) behind me, even though my days of long-distance driving are increasing. My comment was specifically about no-charging-stop...
  44. I

    Wiki Selling TSLA Options - Be the House

    FWIW, at least for my accounts, Fidelity does not charge any fees to close out options contracts if the options are below $0.65 per ... it even gives a little popup that "This will be comission free if it executes below $0.65." Very handy for closing out those contracts on Friday instead of...
  45. I

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    Probably true for some...possibly true for many...but definitely not true for all. The range has changed, specifically for those who *really* want the range (perhaps not so much for those who don't care about the range). My original CyberTruck reservation is for the tri-motor, not because I...
  46. I

    Wiki Selling TSLA Options - Be the House

    … … and now I’ve been wrong again! :) On the one hand, I believe you rolled those on that same day (Wednesday). On the other hand, the next day (Thursday AM) when the drop to $185 hit was the perfect timing to close out ones covered calls. Kudos to those that did that! :) :) :)
  47. I

    Wiki Selling TSLA Options - Be the House

    That is all very true. It is possible that that same moment of realizing the loss on (A) is also the right time to open the position (B). I have done a roll before, when I was firmly convinced this was the case, but more often I simply find I benefit from a thinking period in between closing (A)...
  48. I

    Wiki Selling TSLA Options - Be the House

    Two reasons: The first is simply, I am OK selling those shares at the $187.50 strike price...if I wasn't OK doing so, I wouldn't have sold the calls. The second is the more important reason...it's because I have a fundamentally different perspective on options than most (nearly all?) of those...
  49. I

    Wiki Selling TSLA Options - Be the House

    190 CCs for Feb 9, 2024 are probably safe. NFA and have been wrong before. FWIW, I sold 200x 187.5 CCs. If I’m wrong and these 20k of my shares are called away, I won’t be sad about it. So, I guess ultimately the answer is how you’ll feel if your shares backing your CCs are called away.
  50. I

    Wiki Selling TSLA Options - Be the House

    ...and just went ahead and bought the 20k shares...and more...shopping is fun sometimes. :) Now I'll step away from the Fidelity screens for a bit and let the SP drop back down again while pressure subsides.