Wiki Selling TSLA Options - Be the House

[Discoducky]

Ford has halted production of the Lightning. Rivian is shuttering the factory for upgrades with essentially no planned growth this year. GM is nowhere. VW is trash. Polestar a joke. Apple car is no longer. I know that TSLA EPS is not great right now, but you buy stocks by looking into the future of great companies. How TSLA is not 300 right now is beyond me. Hopefully 175 was the bottom.

<on soap box>
Agreed and I can only justify this with the reasoning that many folks don't know that all of the other options objectively pale in comparison to a given Tesla option when considering TCO, performance and safety. If I had to demonstrate this in one picture, this would be it. What % of new car buyers today can tell that the Model Y is the better option? or even know it is an option? Can't believe I'm even saying this in 2024, but here we are. It is objectively dumb and idiotic to choose anything else.
Max objective value is a Tesla Model Y. You are objectively going to end up with more money, more safety and more performance.
<off soap box>

 

[Yoona]

only green on top and #3 in nasdaq

 

[Jim Holder]

Max-Pain
3/1: 195
3/8: 200
3/15: 195
3/22: 185
3/28: 195
4/5: 195
4/19: 205
5/17: 200

Range-bound some?

 

[phantasms]

Max-Pain
3/1: 195
3/8: 200
3/15: 195
3/22: 185
3/28: 195
4/5: 195
4/19: 205
5/17: 200

Range-bound some?

Good for us!

 

[Jim Holder]

Dealer assist >$202.50 is almost gone:

 

[BornToFly]

NVDA should have a very hard time getting over 800 if this SpotGEX stuff is true....
Should make my -880/+910 IC legs VERY safe. Thinking about rolling them in for more premium, but I already made around $10k on NVDA ICs for the week and probably shouldn't get greedy....

 

[Jim Holder]

Dealers no longer fueling run:

Also lots of supply above:

Let's see if $206 can be taken out despite this...

 

[Discoducky]

Max-Pain
3/1: 195
3/8: 200
3/15: 195
3/22: 185
3/28: 195
4/5: 195
4/19: 205
5/17: 200

Range-bound some?

Thx for this list! Did you generate it manually or is there some magical page that has this in a nice view for copy/paste?

 

[CHGolferJim]

Thx for this list! Did you generate it manually or is there some magical page that has this in a nice view for copy/paste?

It would be interesting to graph this, and add lines each week to see how predictive the numbers are.

 

[BornToFly]

This trading stuff is not easy, and not for the faint of heart. I have made my trades for the week. I might need to manage/roll a few contracts tomorrow or Friday. Everything else should be safe. But I have a very hard time walking away from my computer! I'm retired. I should be out having fun and relaxing, but I sit at my computer pulling my hair out all day. Aargh!!!!

 

[Discoducky]

C'mon, it is fun to watch it melt up! Yeah, I'll have to roll like 30x CCs, but my overall portfolio is very happy.

FYI, I'm retired as well

 

[Jim Holder]

Thx for this list! Did you generate it manually or is there some magical page that has this in a nice view for copy/paste?

Manually, from here:

https://maximum-pain.com/options/TSLA

 

[StarFoxisDown!]

This trading stuff is not easy, and not for the faint of heart. I have made my trades for the week. I might need to manage/roll a few contracts tomorrow or Friday. Everything else should be safe. But I have a very hard time walking away from my computer! I'm retired. I should be out having fun and relaxing, but I sit at my computer pulling my hair out all day. Aargh!!!!

Right now I have a need for the cash I've generated from CC's and a selling a few Puts back when we had that big drop to 170's, so I'm unable to be more active on playing both sides of the swings up and down in the near to mid term. I'm only making longer term bets/plays. So that naturally limits how much time I spend strategizing around options.

But man after early 2026 when the needs for the cash will have been satisfied, gonna be really.....really hard to not get sucked into options strategies on a weekly/monthly basis

 

[Discoducky]

Manually, from here:

https://maximum-pain.com/options/TSLA

Gotcha, also, there is this page: Options Max Pain - Calculations for SPY

wish it had future data on the chart, but just shows history...

 

[SpeedyEddy]

wrong on that assumption

And could not prevent a $3.10 loss in the end , so net "only" $26 profit. Good enough. chose to step out because the gap is close and yesterday it went just a little bit higher. BTW: That $3 is covered by a $TSLA trade (in and out of shares) bringing me double the amount (2x $3.36) so almost thirty for the day.
Furthermore stepped back into PLTR (in fact 115% of previous share count, preluding SPY inclusion later this month) @ $24.57
Tomorrow I will visit DevWorld conference Amsterdam (ticket sponsored by Tesla via Tesla Ownersclub Netherlands, where I volunteer!), so I will not trade nor comment over here I guess. I heard there will be a (turned off) Teslabot, maybe I will make a short video or take a photo. Happy trading y'all!

 

[EnzoXYZ]

Anyone else having problems with Schwab filling Market Orders? It takes about 5-10 MINUTES at times and been like this for weeks! I noticed it only happens in my regular trading account and not in the ROTH account. In the ROTH account it trades almost instantly as it should with Market Orders. I email Schwab and they blamed it on the market maker not having enough quantity to fill??!! The attached screenshot is only 5 CSP which isn't noticeable among even small fishes. Just wondering why it takes so long.

The work around: When I see the order not executed within a minute I would manually cancel it and try again. Seems like the second time it execute instantly thus invalidates MM not having the volume. What A PITA.

 

[Discoducky]

Interesting as Fidelity just took ~3 minutes to fill a STO 10x CC, usually happens near instantaneous

 

[intelligator]

Interesting as Fidelity just took ~3 minutes to fill a STO 10x CC, usually happens near instantaneous

also depends to which broker/dealer the trade is routed to

 

[thenewguy1979]

Be cautious of PCE big data tomorrow.

Last result of CPI as a reminder of how MACRO Drop

Stock Market News From Feb. 13, 2024: Dow Falls 500 Points After CPI Inflation Report; Arm, Shopify, Coca-Cola, JetBlue, and More Market Movers

The S&P 500 and Nasdaq Composite also dropped. Treasury yields were higher.

www.barrons.com

 

[Knightshade]

Be cautious of PCE big data tomorrow.

Last result of CPI as a reminder of how MACRO Drop

Stock Market News From Feb. 13, 2024: Dow Falls 500 Points After CPI Inflation Report; Arm, Shopify, Coca-Cola, JetBlue, and More Market Movers

The S&P 500 and Nasdaq Composite also dropped. Treasury yields were higher.

www.barrons.com

Yup, I've got a few dozen -c205s for Friday I'm waiting on that to do anything with