SpeedyEddy
Active Member
Yes that is the "Mother of all Wedges"(if soon to be corrected again, it only adds to the jump we can expect after all of this)
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
SpeedyEddy
Active Member
Sometimes I hate to be correct, but at least I took my money where my mouth was, Bought P230 and P232.5 that now are rising fast, NO MORE CALLS IN HAND except the 2026 LEAP 510, all sold when SP>244.
P.s. could still be today's gap-fill only.
P.s. could still be today's gap-fill only.
SpeedyEddy
Active Member
wicks on at least three of all kinds of bars now, Weekly, Daily, Hourly, I start to get a certain feeling, that the bull in me does not like at all.
The “Bear/Bull Deluxe Buffet” special was on the menu today, both got to feast playing 242-246-242-246-239. Gratuity not included.
Looks like the $245 confluence zone is working as expected and won’t let TSLA above it this week.
Let’s see if we get the same meal tomorrow.
Looks like the $245 confluence zone is working as expected and won’t let TSLA above it this week.
Let’s see if we get the same meal tomorrow.
SpeedyEddy
Active Member
The bigger picture contains a red dotted line under all-time-bottoms, would that in fact be the real purple line and is this than the GRANDMOTHER of all wedges???
thenewguy1979
"The" Dog
At least we ended higher and in green compare to yesterday.
Is the pump still alive or we back in uncharted territory?
Is the pump still alive or we back in uncharted territory?
Buyers/Bulls tried five times today (each peak), but ultimately sellers won.
The question for the sooth-sayers is, how far down do we try for now?
The question for the sooth-sayers is, how far down do we try for now?
thenewguy1979
"The" Dog
They got helps from Big Macro
Major index were dumping hard going into the closing.
thenewguy1979
"The" Dog
Is this a big cup and handle showing on the daily?
16 days of consolidation making higher low in the past 4 days.
Big move incoming....question is when and what direction?
16 days of consolidation making higher low in the past 4 days.
Big move incoming....question is when and what direction?
Still in limbo with bias to the upside. Flow has been firm since Monday through peaks and troughs. Normally I want to see a lot of call selling as we pull back from highs but that hasn't happened since Monday. That tells me that big buyers haven't got what they came for.
thenewguy1979
"The" Dog
Thanks dl003.
Last 3 days SP has been following the same pattern. Early pump into opening for the 1st 2-3hrs then deflating mid day toward closing, then recovering a little AH. Net gain is small but still green bias as you mentioned.
If we repeat same pattern tomorrow I will closing all my 245C exp 12/8 and 250C 12/15 longs during the pump.
Then perhaps do a FOTM debit spread strangle at +250C / -255C/ -215P /+220P expiring a month out 1/5/23.
Playing it safe as the zig zag back and forth may caused the calls to expired OTM. Would have closed them out today but missed the pump to 246.xx.
thenewguy1979
"The" Dog
Another great Patreon update DI003. 238 and 235 are the magic numbers. Thanks
EVNow
Well-Known Member
You must have bought those from me
Sold this Friday's 230 and 225 puts - hope I don't regret it. Last time I said this, I had to roll the option for 3 months
Would be interesting to see if everyone sells/shorts again at $246-$247 expecting the ride down like before, creating a self-fulfilling prophecy.
Looks like short sellers are trying a different tactic today. Push TSLA down early while the QQQ is up, so that if Macros pullback TSLA will stay down.
SpeedyEddy
Active Member
looks like you're right! Going to test 235.58?
[edit] or do we stay within the not much traded zone, as for now, to rush up , kind of mirroring yesterday, that would be confusing..[/edit]
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