Wiki Selling TSLA Options - Be the House

[ChiefRollo]

At the dip below 193 , BTC the two cc blocks, 80% on the 3/15 and 40% on the 3/22. While I could have held for more downside gains, it's better (for me) to reassess direction before making next move.

Did the same… BTC all my calls at over 90%; feels a bit wrong as I strongly sense I can get more but need to be somewhat disciplined.

 

[tivoboy]

BTC 10x -cc 3/15 $215.. ~ 88% profit Probably go to zero.

 

[Jim Holder]

Parked some money out of sold $TSLA (@192.50) to buy back cheaper as this looks very bad.

That’s quite the switch. What convinced you and what are you seeing coming next?

 

[ChiefRollo]

I closed out 3/8 25x -c200 (net +$3), 50x -c210 (net +$1.8), 3/15 50x -c210 (net +$3.5) and the 2x SMCI -p800 beer-money puts

I did sell 25x TSLA 3/8 -p200 just after open at $5.1, rather to early it seems, but as I had to drive one on my daughters somewhere this was an order I put in an order pre-open, really didn't expect such a sell off, but it's OK

At least I'm no longer over-exposed to the upside! Still have the 23x TSLA 3/15 -c175's, will leave those for the moment to cover a bit of downside

Now a little reversal would be be sweet to resell...

Also wondering when NVDA and SMCI are going to crash, surely has to happen at some point, no...?

Have to ask for my learning, what compelled you to STO 200P earlier this morning (pre-market)?

 

[Max Plaid]

maybe J Powell's words will cause a selloff

Pow tends to be more conciliatory than the rest of the FEDiots, no? Anyway, he's not until Wednesday, we have a few other before then, including one, Parker up in 5 minutes. He's rated as being slightly dovish

Anyway, we already got the selloff, just these two (NVDA & SMCI) squeezing right now

All EV stocks down the shitter, many far worse than TSLA

 

[ChiefRollo]

Seem the AI gang are holding up the Market today. Elsewhere Macro Red.

STO -192.5p on the dip. Let see if it hold.

Such conviction on the contrarian view… it seems a bit premature to me.

 

[Max Plaid]

Have to ask for my learning, what compelled you to STO 200P earlier this morning (pre-market)?

MP 200 for the week, plus I had a ton of weekly calls sold, so just playing the other direction a bit

I did not expect such a sell off today, was thinking we'd be going sideways for a while, but it's fine, all cash-covered plus holding 100x July +p150's too, ay as well make those work a bit

 

[ChiefRollo]

DBG

What does that mean?

 

[Max Plaid]

What we need now is for everyone to tale profits in NVDA and SMCI and buy TSLA calls...

 

[ChiefRollo]

Parked some money out of sold $TSLA (@192.50) to buy back cheaper as this looks very bad. Closed all mid-to-long-term -P at still a little profit.
STO SMCI 3/15 1160 , still doing no wave-riding because of priceaction versus RSI >85 on the hourly, so there will be a dip, but it can take a few days.
Bought more Palantir (now holding 15% more than last week's highest amount), planning to DCA in on these and make it my primary holding for a while until TSLA shows what the bottom really is (still believe in 175 as the rock-solid one, but I don't leave all my money on that at the moment.)

It seems $182-ish is in play.

 

[ChiefRollo]

MP 200 for the week, plus I had a ton of weekly calls sold, so just playing the other direction a bit

I did not expect such a sell off today, was thinking we'd be going sideways for a while, but it's fine, all cash-covered plus holding 100x July +p150's too, ay as well make those work a bit

Saw your post 3 hours ago and was a bit concerned for you.

 

[juanmedina]

@Yoona have you opened any NVDA IC's for the week? What are the safe strikes for this week? Thanks.

I sold $177.5 Tesla puts for $0.60.

 

[SpeedyEddy]

Also wondering when NVDA and SMCI are going to crash, surely has to happen at some point, no...?

Sure, but when and from what level. 1160 next week Friday seems to be a bit unsafer than I thought. Now we've taken out last ATH's you never can tell for sure. But there will be a moment to start selling closer to the money calls.
$TSLA looks to be preparing for full-capitulation mode, so @BornToFly, I hope you closed last week's urgent position as you suggested, ( I then questioned being in the 'no 195'-camp, like where my money was (not anymore as you could have read above)

 

[Jim Holder]

$TSLA looks to be preparing for full-capitulation mode

Say more please. What are you seeing?

 

[tivoboy]

What does that mean?

Don’t be greedy.

 

[tivoboy]

It seems $182-ish is in play.

There’s currently nobody supporting this stock.

 

[Discoducky]

Worth the time:

https://twitter.com/x/status/1764357445994905810

Funny, as I participated in that, even though I'm not a subscriber as it was mistakenly(?) open to anyone to listen/request to speak. I found it to be interesting and he's been very accurate in predicting EPS.

 

[Yoona]

@Yoona have you opened any NVDA IC's for the week? What are the safe strikes for this week? Thanks.

I sold $177.5 Tesla puts for $0.60.

no nvda, waiting 3dte

 

[Jim Holder]

There’s currently nobody supporting this stock.

What new positions might you be looking at here? I BTC lots of short calls and STC long puts here. Can reposition just not sure it’s wise to do so after a $12 drop. Maybe into any bounce if one is forecasted.

 

[BornToFly]

Sure, but when and from what level. 1160 next week Friday seems to be a bit unsafer than I thought. Now we've taken out last ATH's you never can tell for sure. But there will be a moment to start selling closer to the money calls.
$TSLA looks to be preparing for full-capitulation mode, so @BornToFly, I hope you closed last week's urgent position as you suggested, ( I then questioned being in the 'no 195'-camp, like where my money was (not anymore as you could have read above)

Unfortunately, I still have my +170/-195 BPSs for next week.... Might have to roll them for a third year....

(I was afraid TSLA was going to keep going up, so I didn't flip roll them to CCs. Bad decision obviously....)