1/26 -p205/+p165 look good to you? I left to sit 1/19 -p215/+p175 but could be a decent roll if needed, good lower IC position standalone.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
BTC those for a nice $15k profit this AM, TY for making me think of this strike, @BornToFly - dinner at Dante's on Grant is on me if the timing ever works out, as a minor "TY!"
Now on to more fun, STO 200x C225s for this Friday instead. If @dl003 gets his run up to $232, I'll still be very happy with seeing this particular block of shares get called away at $225.
Hmm...question asked of myself, and I answered back with a resounding "Absolutely not!" Then I clicked over to the Fidelity tab...
thenewguy1979
"The" Dog
last check DI003 got boatloads of -225P,
thenewguy1979
"The" Dog
Is the below something similar to what you have in mind for next week?
2 different approaches - same goal of riding the DCB.
Or more like this?
Looks like it is helping as a magnet. I don’t know what’s safe yet this week given the volatility and massive OPEX that’s taking place simultaneously. Maybe tomorrow after VIXpertion will bring a bit more clarity.
On the other hand:
OI call walls are not the same as gamma walls
sp doesn't magnet or gravitate into a call wall, no matter how high it is
if sp is below but near a tall gamma wall, especially those with high OI, it will magnet into it going up (dealers buy shares)
if sp is above but near a tall gamma wall, especially those with high OI, it will magnet into it going down (dealers sell shares)
there are times where a tall gamma wall = tall OI wall, this almost always happens as we approach 0DTE (hence, the confusion)
this is why sp is gravitating towards 220, because it is the nearest tall gamma wall which also happens to have a lot of OI
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Thanks for clarifying! I should really learn to call them gamma walls.
next week max pain = 235 but gammas saying 200-210
if dealers succeed in pushing up sp near mp, the red walls shrink and the green walls climb
if they fail and we are near the tallest red walls, they become magnets
To my untrained eye this looks like the options market is setting up for and earnings + forecast miss and subsequent dump.
The dilemma is how to play it in case they are wrong about the dump.
SpeedyEddy
Active Member
btc -C226.67 (don't know if I reported the open but SP was just a dollar up so mainly scalping Theta @ 0.33 "katsching".
So not any loss today, shares ending higher as well. Couldn't have guessed such an outcome at pre-open today.
Good thing I kept the promise to myself, to just do options (or just day trade shares, back in overnight)
Positions besides shares:
-/- TSLA NASDAQ.NMS Apr19'24 205 PUT (closed the April 190 with a profit as well, seeing the price action)
-/- TSLA NASDAQ.NMS Jul19'24 230 PUT
-/- TSLA NASDAQ.NMS Jun18'26 300 PUT
planning on letting these all run until 1/24 and close before ER thenif we get to much of a run up to get a feeling other than "sell the news".
So not any loss today, shares ending higher as well. Couldn't have guessed such an outcome at pre-open today.
Good thing I kept the promise to myself, to just do options (or just day trade shares, back in overnight)
Positions besides shares:
-/- TSLA NASDAQ.NMS Apr19'24 205 PUT (closed the April 190 with a profit as well, seeing the price action)
-/- TSLA NASDAQ.NMS Jul19'24 230 PUT
-/- TSLA NASDAQ.NMS Jun18'26 300 PUT
planning on letting these all run until 1/24 and close before ER thenif we get to much of a run up to get a feeling other than "sell the news".
Well that was a funny old day, eh?
And a bit of juice after-hours for good measure...
I did put a buy order for my 100x 1/26 -c240's in at close, but wasn't really serious and it didn't hit. Not that I think -c240's are particularly at risk, just to free up some contracts in case I need to roll the -c230's and/or -c220's
And a bit of juice after-hours for good measure...
I did put a buy order for my 100x 1/26 -c240's in at close, but wasn't really serious and it didn't hit. Not that I think -c240's are particularly at risk, just to free up some contracts in case I need to roll the -c230's and/or -c220's
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$224.9-$228.92 is sellable resistance. A close above $228.92 turns TSLA bullish to $241.82 in 3-5 days and retest of $256.06 in the following 2-3 weeks.
Staying below $224.82 keeps $194.07 in reach in 2-3 weeks and $178.35 by end of February.
If we lose $212.8 tomorrow then can expect $202.80 where we can round back up for a bounce before heading back down.
Worth a watch (8 minutes):
Staying below $224.82 keeps $194.07 in reach in 2-3 weeks and $178.35 by end of February.
If we lose $212.8 tomorrow then can expect $202.80 where we can round back up for a bounce before heading back down.
Worth a watch (8 minutes):
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Anything can happen, but $230 calls for 1/19 are likely quite safe. Even $225 calls for 1/19 seem quite safe to me. I hope I am very, very wrong, and 100% look forward to this being thrown in my face within the next 72 hours.
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