ChiefRollo
Member
Yes, SoftBank. Perhaps at multiples of underlying equity, it’s no longer the tail.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Looks like chips took the hit today, the rest was broadly "ok", what're the odds of a green reversal on those come Monday? I'd say likely, but this is based on noting more than a feeling in my "nether regions"
Positive is/was $VIX moved off the early high and ended relatively low, so the heat came off quite significantly.. had we ended high or higher than the intraday, I’d be concerned.
Sorry to hear. I’d suggest looking into your strategy/approach at some point from a risk:reward perspective. We were in a Euphoric mood and unfortunately you got caught in the dump.
I will tell you a short story, there was a day last month where I traded so badly that I gave away a full week’s of profits. Went for a walk with my wife and told her what happened. It was a tough conversation but she understood and I’m glad we talked. It made a me a better trader and I felt better.
So yeah talk to your loved ones if you are feeling down. Take a break and don’t worry about trading for a while. Whatever it is don’t try to get into a mindset where you feel like you need to recover your losses. That will just make things worse.
Please let me know if I can help in anyway.
conclusion: MP is not a reliable metric?
Many experts don’t rely on it. Seems to be just an interesting metric to keep an eye on for general market sentiment/ranges, but not sure how tradable it is.
MP is stale data and useless. What’s that saying You can't drive forward if you keep looking in the rearview mirror.
I trust @dl003 ’s analysis but even before this new discount I did not like the price action. I don’t know anything about EWT and mostly trade the hourly chart. I rarely have any open option positions at the end of the day. Here is my take:
After being red for so many days all we could muster was a DCB to 183 so minus a major catalyst I’m bearish. We also closed at the lows of the day. Maybe this is a bear trap but just not seeing it that way.
What we do is addicting. Selling options looks like easy money until it doesn't.
Sometimes this thread feels like a waste of time in the sense of how many people are really better off because selling options? There has been many accounts that have been completely wrecked through the years. I do it for a little income here and there but I don't think it will be life changing like the options that I bought in 2021-2020.
@BornToFly I am sorry about what happened today. Maybe let your account recover through share appreciation. With Tesla if all the stars align and margins get better, FSD and energy growth, there is no reason why we cannot hit a $2T market cap like Nvidia. That is a 4x gain from here and with shares and some well timed bought calls we can really kill it. It will take some time.
Sometimes this thread feels like a waste of time in the sense of how many people are really better off because selling options? There has been many accounts that have been completely wrecked through the years. I do it for a little income here and there but I don't think it will be life changing like the options that I bought in 2021-2020.
@BornToFly I am sorry about what happened today. Maybe let your account recover through share appreciation. With Tesla if all the stars align and margins get better, FSD and energy growth, there is no reason why we cannot hit a $2T market cap like Nvidia. That is a 4x gain from here and with shares and some well timed bought calls we can really kill it. It will take some time.
Gosh this is getting very tempting. I did notice that when Tesla decided to offer the 10,000 miles of free supercharging they raised inventory prices by $500. Prices on inventory are up a total of $1000 since March 1st in my area.
no, i meant the first priority is fixing the problem and paying for it, THEN figure out how to recover the cost later
if you try to fix both in one trade, it's a lot of risk
for ex, spend 10 for roll or flip-split or flip-roll or switch to csp etc, whatever it takes to OTM it
then, have a plan on how to pay for it (ie 20 weeks of 0.50)
after 20 weeks, you'll have net income of 0 but at least the bleeding has stopped
sry, just trying to help
, everyone is brainstorming until something sticks3/15 - am i imagining it, or has TSLA prems picked up? i don't recall it being this high recently
looking ahead 1 month
TSLA
NVDA
SMCI
AMD
TSLA 3/28 -p165 is large and flagged Unusual, matching largest -gex (ie magnet) and put vol
looking ahead 1 month
TSLA
NVDA
SMCI
AMD
TSLA 3/28 -p165 is large and flagged Unusual, matching largest -gex (ie magnet) and put vol
or... just the good old churn
One of these days, it's not gonna be a head fake anymore, either up or down. As of this moment, I'm feeling the chart is telling me it's time for retail shorts to feel the burn.
Bought 175/170/165p for next week and only have a handful of -c185 and 187.50. Would rather lose the premium on the puts than have a bunch of NTM calls get run over on a rally down here.
Very sorry to hear BTF's situation. Selling options can be an unforgiving affair. Limited gains for max losses and you can get pulled-in based on time, volatility, pricing, thinking you have an edge/know something, and margin. I traded options exclusively for a few years on a slew of high liquid stocks. No margin calls, no hero stuff, and even then I didn't keep up with the SPY. Today I only use options to hedge and my vacations and tax preparations are much less stressful.
I appreciate the sentiment, but I just lost two years of profits on that 10% intraday drop.
depends on how good you are at dealing with negative emotion and how long this is going to weigh on your well being, holding it in might have a devastating effect on your marriage. It takes 2 happy people in a marriage. If you want to keep your head straight in this game, you need to lighten up all the emotional burdens.
Last edited:
This was my post at 12:08 PM today
And this here is my post after an hour of observing what looked like weak PA to end the week on
FYI, this is not a "room." This is pixels on my screen. A room has sounds, emotions, atmosphere, things that I can feel. As if I could have magically sensed someone posting a huge loss in the one hour between my posts, someone had the balls to tell me to "read the room" and that I was "kicking a man while he's down." The hell are you people thinking? And some people disagreed with a post saying that they were certain I was not targeting anyone. Have the decency to tell it to my face why you disagreed.
I'm one of the few who have repeatedly warned against the risk of leveraging with spreads and getting carried away by the huge returns on those high IV stocks. I KNEW something like this would happen and it would end in tears. These social justice warriors who disagreed with my posts, what have they done to prevent it? A big fat NOTHING.
And this here is my post after an hour of observing what looked like weak PA to end the week on
FYI, this is not a "room." This is pixels on my screen. A room has sounds, emotions, atmosphere, things that I can feel. As if I could have magically sensed someone posting a huge loss in the one hour between my posts, someone had the balls to tell me to "read the room" and that I was "kicking a man while he's down." The hell are you people thinking? And some people disagreed with a post saying that they were certain I was not targeting anyone. Have the decency to tell it to my face why you disagreed.
You don't get to say this stupid *sugar* to my face and walk away.
I'm one of the few who have repeatedly warned against the risk of leveraging with spreads and getting carried away by the huge returns on those high IV stocks. I KNEW something like this would happen and it would end in tears. These social justice warriors who disagreed with my posts, what have they done to prevent it? A big fat NOTHING.
Yeah, let's.
Last edited:
thenewguy1979
"The" Dog
Sorry about what happen BornToFly. Just let it all out. We here support you.
The dog in 2023 lost 1/3 of his income from work doing straight puts and longs. Was a big dumbo learning lesson.
Lately we expanded to discuss NVDA and SMCI but in reality AI was foreign word to us months ago. Dumb Dog like me are just guessing on the direction. Cheer up.
Similar threads
