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Wiki Selling TSLA Options - Be the House

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Do you think the Y osborned the X? Because the price gap R1 to R2 is similar so that argument doesn't really work unless you do. Y vs 3 are MORE different vehicles functionally (the argument you seem to be trying to make on CT)- I'd never trade the better handling and acceleration of a sport sedan for a heavier, slower, SUV for example which is what happens 3 vs Y. Likewise a lot of folks who need SUV space would never have bought a 3.

Regardless, this discussion really belongs here:

Yes but tesla didn't announce the Y 3 years prior to production which is the point. The Y potentially osbourn everything Tesla has to offer and it did.
 
So SMCI gets added to S&P .

Hedgies front ran the S&P event, and will likely dump after .... Alpha will make bag holders of Beta ... your 401K ;)
I bought a Jan 25 700 PUT to see how it goes ... it's so hyped, it's so oversold ... the contranian in me made me try my luck ...
+ if price goes up, will ladder for a few more ..
"overbought", you mean... but yes, my thoughts too... looking fro a post-S&P dumpster fire

Depends when the tracker funds buy-in... also, does SMCI have "investor grade" ratings from the crooks?
 
Yeah, I'm thinking to write a handful of 3/15 -p1000's, just for shits'n'giggles

I still think it rises into S&P rebalancing, probably will hit 1000 for them, then dump a bit the week after with SMCI

Anyway, will be entertaining whoever happens
It may turn out to be giggles and then shits.
 

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Resistance this morning at the 181.50 level, bearish RSI divergence on the 5 min chart, breaking of the ascending trendline on high volume. These are all likely indicative of further downside for TSLA next week. Not to mention a plethora of other bearish indicators on numerous time frames. Unless a massive bull wave can buy the stock up into this afternoon, which I don't expect but not ruling out, I wouldn't be betting for this thing to go higher leading into next week.
 

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For those keeping track of my NVDA train wreck, I now have on the Put side:
200X +875/-905
100X +900/-930

On the Call side:
200X -970/+1000
100X -990/+1020
Rolled up the 200X Puts so now I have:
300X +900/-930

On the Call side:
200X -970/+1000
100X -990/+1020

Premium today from rolling up all the Puts twice as the SP ran away from the old ones: $20,800.

Now I need it to not breach 930....
 
Rolled up the 200X Puts so now I have:
300X +900/-930

On the Call side:
200X -970/+1000
100X -990/+1020

Premium today from rolling up all the Puts twice as the SP ran away from the old ones: $20,800.

Now I need it to not breach 930....
Sweet! I closed my -c960 position for today at $967, anticipating the SP to continue climbing, nope, burned. I'd put in an order for 3/15 following the closure then the SP deflated ... I've had a few too many of these where my next trade is merely backfilling a loss from a knee jerk action. I'm fine, just irritated for not being patient.

EDIT: $918 , 40 minutes later ???? I turned about $2,25o cr into 10k dr ! As they say, we live to fight another day. Have a nice weekend folks. Good luck to all.
 
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Rolled up the 200X Puts so now I have:
300X +900/-930

On the Call side:
200X -970/+1000
100X -990/+1020

Premium today from rolling up all the Puts twice as the SP ran away from the old ones: $20,800.

Now I need it to not breach 930....
Hope this works for you mate. Looking good! But be careful going forward max loss on this is like 40 times the premium.
 
Rolled up the 200X Puts so now I have:
300X +900/-930

On the Call side:
200X -970/+1000
100X -990/+1020

Premium today from rolling up all the Puts twice as the SP ran away from the old ones: $20,800.

Now I need it to not breach 930....
Total noob question here but can someone please give me a run down of what any of these things mean?

What is the 300X(is this 3 contracts?). And what is +900/-930
 
Total noob question here but can someone please give me a run down of what any of these things mean?

What is the 300X(is this 3 contracts?). And what is +900/-930
It’s 300 contracts. + means long an option - means short an option.
His done a spread which means his short 930 strike puts and long 900 strike outs. Which means if it drops to say under 900 he loses $30 a share times 300 contracts times 100 shares. That’s max loss. Ide type more but on phone.
 
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for born's sake hoping nvidia can stay over 930 - thats crazy price action. have a couple 3/28 P710s and must have been the IV spiking that made the puts go up even tho price was climbing

cuz i am a glutton for punishment, sold a SMCI bcs -1450/+1550 for next week yesterday. plan was to harvest the theta from over the weekend into next week. held thru the pop now appears to be heading in the right direction.

edit - wow! did powell hold an emergency press conference or something?
 
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