Way better questions than quarterly ERs with analysts, though. Lots of fanboys!!
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Main new point for me was comment Foundation Series would stop soon, and regular versions available next quarter, realize that’s relevant only to a sub-section of US buyers. Trying to figure out what if anything the comment meant as I’m teetering on the verge of ordering an FS.
If you want it now get FS. They're almost done going through the entire reservation list and then they'll likely start from the very beginning orders. By year end they should get to 2k+ cybertrucks produced per week from the current ~1000/week production. Extrapolate from there how long it'll take for you to get your cybertruck.
Fwiw I ordered my FS beginning of May and still haven't received a VIN so it isn't like they're just sitting on lots unwanted. I know I want another one and just yesterday ordered a second AWD with the belief that it will likely be several years before it's even available.
I never got my invite plus many others. They most likely just went through the early pre order lists as they are more likely to order as fanatics and they had a production goal rate in mind before allowing people to pick their trim.
My friend order his FS months ago and still no VIN. I know people that reserved years ago and still don't have an invite. I think they would be crazy to stop FS until every person on the reservation list has received an invite.
I am really just selling cash-covered puts with a long term objective of acquiring. My goal is 30% assignment, but it has only been about 10% assignment which improves the statistic.3% a week. I would like to see some of your trades to see what I am missing.
I have bailed on a few contracts when I shouldn't have, so I am far from perfect-- but my goal is to let the puts expire worthless or be assigned and rarely cover.
Most of my gains are from NVDA this year, which has been special situation.
My strategy is pretty simple: build a ladder of -P spread out 2-3 months and enjoy theta decay. I set a target number of contracts to write, and I ease in to them over time. Again, my execution is far from perfect, but I write contracts that net a credit of about 35% of my cash at any point in time, which works out to about 5% exposure per week average. The delta between contracted exposure and gains is what I close early or get assigned on. I pivot to -C when my cash is lower than my target, and I avoid selling when IV is "low".
Most likely they're anticipating completing the FS invitations in the next 3 months, and they'll alow order completion of non FSD after that while still building and fulfilling FS orders. Anything else doesn't make sense. This is the options page so I'll just leave it at that.
The only options play I made was a few days ago on a July 12th +$195c. Not strong conviction so just did the one and will likely close it out tmrw or next week depending on price action.
I've also been rolling a csp that's now a -$195p expiring tmrw that I was hoping to close out near zero tmrw but if we see a dip I may have to just roll it out some more
If price were to breakout above the April high @$198 it would open the door to the circle c-wave ($240) starting 
Until then, a wider flat b-wave to ~$158 is still a possible target
Until then, a wider flat b-wave to ~$158 is still a possible target
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