You raise a good point, thank you. Re your adding to SPY shorts, what lead you to add when it's already down this much already, are you targeting much lower?
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
You raise a good point, thank you. Re your adding to SPY shorts, what lead you to add when it's already down this much already, are you targeting much lower?
It broke through the supply zone that was supposed to produce a DCB. There's still a lot of juice left in the September -560C. I entered these at $7, now $3.8. Can ride them to $0.
There's no juice left in TSLA anywhere and the chart is not telling me much so I stay out.
I think todays action might be the trend for the next couple days..assuming no big geo-political action overnight, morning rally, afternoon sell off and risk off. Probably a couple days at least assuming no kinetic activity in that time frame.
Knightshade
Well-Known Member
Why? Tesla was over 140k employees end of 2023, so a 10% layoff (not much different than past years) would result in that many laid off simply because the workforce is larger than in past years.
I'm MUCH more concerned about the fact reporting is the 25k model legitimately is back burnered while they instead pivot to a giant datacenter to try and finally get FSD past L2, and the fact the head of powertrain and the dude who was the most public/responsive face of Tesla beyond Elon, both resigning on the same day.
I cut my CB 207 longs in the low 180s back in Feb. Entered some today but got stopped out for a tiny loss.
thenewguy1979
"The" Dog
BTC my +175C this morning and BTO +165P. Seem like a good move so far.
Market is reacting negatively to the layoff and Tivoboy hit the nail on the head. Now the Model 2 is on the back burner.
That's just TSLA. On top Macro economic and War.....
Not selling any TSLA this week or next so far. Just hanging onto some cheap Long Put option for now.
BOFA tomorrow and if they are gloom and doom like JP Market will continue to tank.
Going be a crazy week.
........Market just reacted to the Model 2 back burner story. Dump AH
Market is reacting negatively to the layoff and Tivoboy hit the nail on the head. Now the Model 2 is on the back burner.
That's just TSLA. On top Macro economic and War.....
Not selling any TSLA this week or next so far. Just hanging onto some cheap Long Put option for now.
BOFA tomorrow and if they are gloom and doom like JP Market will continue to tank.
Going be a crazy week.
........Market just reacted to the Model 2 back burner story. Dump AH
As I said yesterday, I think it’s no likey till likey..
@KTD, I know 10% of X IS Y, but having worked for many years directly in Automotive, 14,000 just sounds like a LOT.
YTD, that’s pretty much the BIGGEST “tech” layoff by at least 50% and I think probably even back six months.
Knightshade
Well-Known Member
In raw #s yeah prob. the most.... in terms of % of total employees though there's been a number of ones at 10%, and some a fair bit higher.
Could be they stood up for us against the Ketamine Lotto betting the company on a dream (or nightmare?) and resigned in protest. Dunno if we'll ever know.
thenewguy1979
"The" Dog
Count? For what?
Wait, did I bet that I’d eat a shoe again AFTER having had my scotch?
;-)
Damn, now I feel like an eejit getting suckered into selling -p165's after the stock didn't crash post P&D, never mind, will sort them out, of course they're underwritten by July +p150's, but the whole idea was to let those print bigly on the dump, which never came, but might now
On the other hand, the -c165's are in very good shape, and given that the straddle took $21.3 in premium, it's actually profitable down to $144, just that I *hate* giving cash back
On the other hand, the -c165's are in very good shape, and given that the straddle took $21.3 in premium, it's actually profitable down to $144, just that I *hate* giving cash back
thenewguy1979
"The" Dog
I think we get our answer tomorrow on how big this dump going be.
Then if we get a really big dump this week what happen during ER, has all the negatively now been baked in?
Boggled the mind..... especially one with a tiny head and small brain.
i might try a test 20Δ strangle instead of 6Δ IC to reduce risk
historically, the ROC of 20Δ strangles > straddles
reason is because the credit of straddles is bigger, but strangles have higher P/L vs buying power ratio
historically, the ROC of 20Δ strangles > straddles
reason is because the credit of straddles is bigger, but strangles have higher P/L vs buying power ratio
Watch the $158 level. A close below that tomorrow signals $148 next and possibly $137. Staying above $158 keeps upward momentum in play.
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