Wiki Selling TSLA Options - Be the House

[MP3Mike]

I thought CATL was manufacturing cells in the USA, with Ford and GM almost stopping EV production you would think there'd be some surplus

But what kind of cells are they? I think Ford and GM exclusively use pouch cells, which Tesla will not use.

 

[Cherry Wine]

@tivoboy Looks like 12/15 turning out as you predicted

I'm thinking of selling some -C310 3/15/24, anticipating Jan/Feb weakness. It's offering around $4.00 today. Are you thinking we dump more from here or there's a chance we can get better prices if we wait a bit (and if that strike/DTE is a decent r:r)?

Ty

I feel like the JPow presser offers the best chance at one more pump.

 

[Jim Holder]

12/15 $250 calls are shrinking and dominant put is now $225 (from $230):

 

[tivoboy]

Interest decision: last chance to hike for obvious reasons (elections) I guess they won't. Stocks up a bit
Powell will again likely ruin the party by hinting for a year longer no cuts. Stocks fall. Next meeting they will cut to window dress Bidenomics.
halfway to the SP top today I sold C232.5, that now are more than 1 dollar up. Will close before 14:00 most likely.
Starting to feel more bearish than yesterday. Especially because the direction is not turning up after MA4x.
Maybe a meltdown is coming (which is good for taxes in Holland), but we will know soon enough, maybe even before today's close.

No rate hike today, Powell will TRY to present Hawkisk Fed, leave even a possible hike in Jan on the table as crazy as that might sound. No cuts till late Q2’24 earliest. Unless all goes to hell in a hand basket In Q1‘24 which is possible, but not probable.

 

[tivoboy]

@tivoboy Looks like 12/15 turning out as you predicted

I'm thinking of selling some -C310 3/15/24, anticipating Jan/Feb weakness. It's offering around $4.00 today. Are you thinking we dump more from here or there's a chance we can get better prices if we wait a bit (and if that strike/DTE is a decent r:r)?

Ty

In the near term, I don’t think prices for SELLING CC are going to go higher, if that is what you were asking. We just had a further dump, puts are jumping nicely. If we see a $22X, if will get pretty testy.

 

[tivoboy]

Holy mother of gdo.that was quick. that’s some serious pressure.

 

[Max Plaid]

Worth remembering that it's a triple-witching OPEX this week, with MP @$227.50

 

[TexasGator]

Worth remembering that it's a triple-witching OPEX this week, with MP @$227.50

was thinking the same thing - funny how that always happens. Plus the momo folks pile on in both directions once the stock starts to move

 

[SpeedyEddy]

only two little mine lamps shining @ $226.76 and $224.75 before the gap to $220 is filled completely (first real support that I can see for at least a moment.)

 

[elasalle]

Closed CC's and short term lotto calls ..
moved $$ from bank accumulated over the summer and bought 10 Jan 25 300 calls for @28.45 when SP went below $229

 

[Jim Holder]

In the near term, I don’t think prices for SELLING CC are going to go higher, if that is what you were asking. We just had a further dump, puts are jumping nicely. If we see a $22X, if will get pretty testy.

Thanks. What are you thinking re rest of 2023 playing out, hanging around $220's, going further down, going back up?

 

[tivoboy]

I’ll sell the 45 12/15 +P accumulated over the past three weeks if we tap $3 per option (Avg. .70). Traveling again today, can’t be greedy.

 

[EVNow]

And we mustn't forget that Musk has a ton of options to exercise by 2028, way more than he did in previous years, of which he'll need to pay huge taxes, will mean selling TSLA regardless of the situation with X

Of course it's Elon's right to sell some stock, but his method on selling is the issue, even selling on the open market it could be done a lot better - spread the selling over the year, plan well ahead, trickle-sell rather than opening the tap full

He should really do private placements. Selling throughout the year is possible if he keeps publishing those forms weekly ... might still put pressure on the stock knowing he will sell (unless there is some randomness to it).

 

[SpeedyEddy]

retail buying in at lunchtime... time to do the things you regretted not doing while going down

 

[thenewguy1979]

I’ll sell the 45 12/15 +P accumulated over the past three weeks if we tap $3 per option (Avg. .70). Traveling again today, can’t be greedy.

So while we are accumulating +C you're stockpiling +P? Great move..........

At least now we have a more clear directional bias. Let go folk..... no more posturing

 

[Jim Holder]

retail buying in at lunchtime... time to do the things you regretted not doing while going down

Lol. But maybe that was it for downside

 

[Jim Holder]

So while we are accumulating +C you're stockpiling +P? Great move..........

At least now we have a more clear directional bias. Let go folk..... no more posturing

I’d be careful calling anything clear at the moment, esp. with FOMOC coming up and OPEX happening this week. Like they say don’t short in the hole. $228 might be it for downside at the moment unless we close below $231. Let’s see what we get.

 

[InTheMiddle]

If one of us felt compelled to buy a few 20 June 2025, $300 strike calls on this dip... should their friends feel compelled to try to stop them??

Yes. Unless the person buying those *promised* to sell them before early next year.

@UncaNed - Still disinclined to consider these a long-term-hold, but just FYI if one were to feel compelled to look at the shorter term and try to buy-the-dip, at least the $39/ea right now is a better entry than the $44-$45/ea these were at Monday AM.

 

[thenewguy1979]

Overall Macro become flat after the PPI pumps this morning. Waiting for Powell to give his monthly speech.

Maybe he play nice and pump the market in the last hrs. like last month....

After all said and done - no more singular directional play for me. Got no furs left to burn

edit - I have personally seen / experience the leverages of selling vs buying. However - the greed of that 1 big upside or downside has always temped me like a fine medium done piece of filet mignon.....mmmm..... mignon.

 

[InTheMiddle]

Bought 100x C200 for Jan 5, 2024 and 1k shares on the dip this AM. Let's see how well this ages.

Sold the options for +$3 and change each. Probably leaving $ on the table, but no need to be greedy on the day. Guess I'll keep the shares though.

Sold these at $45...I guess I can rebuy them at $33.50. Hopefully this also ages well...

P.S. As much focus as there is on "what trade to do *right now*", I find sometimes the most important thing is when to simply do nothing, sometimes for days on end. Like poker...the question should not be "What do I do right now to win with the cards as they're dealt out right now?" but rather more of "Is this my hand? If so, great, if not, toss the cards back and wait for opportunities with the next hand dealt."