-
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
touched 217.67217.5 this week and 200 next week are in play
the tallest gamma is the biggest magnet, that's why
next week: watch out for 200
Got into 100 shares to swing at $233, thinking the sideways channel would provide more support than it did (based on weeks and weeks of movement between $233-243). Immediately sold $235 CC to lower my cost some ~ down to $231 now.
Thinking about adding another 100 here, would lower me to $225s and sell 2x CC at that strike for next friday.
But don't want to get trapped ~ been saving cash to go long, not get stuck with swing shares (again) waiting for price to return.
I know yoona is saying $200s, but I feel like we should see a deadcat going into earnings and after this many down days?
Thinking about adding another 100 here, would lower me to $225s and sell 2x CC at that strike for next friday.
But don't want to get trapped ~ been saving cash to go long, not get stuck with swing shares (again) waiting for price to return.
I know yoona is saying $200s, but I feel like we should see a deadcat going into earnings and after this many down days?
dc_h
Active Member
All this talk about 217 this week. Glad I closed my 220P's yesterday when we bounced a bit. I opened 200P's for next week at 217.xx and am confident, for now, we won't go below 200 next week. I BTC Jan 19 240CC's and kept 245CC's for next week. If we bounce, I don't want to get in the way. Perhaps that guarantees no bounce. Slow and steady for me. I got hurt during the Hertz rally on, Twitter rally off and again when we bounced from 100.
thenewguy1979
"The" Dog
Im going practice doing nothing with my Longs.
They are already underwater but I still have faith we will bounce next week. Question is how much and will it sustain. Or bounce then head to 200.
Only several contract.
Also going sell -240 Call against them if we continue to dump. That will recoup about 1/2 of my loss.
They are already underwater but I still have faith we will bounce next week. Question is how much and will it sustain. Or bounce then head to 200.
Only several contract.
Also going sell -240 Call against them if we continue to dump. That will recoup about 1/2 of my loss.
bottom for at least the 1st leg down. I say at least because it could be the last leg down. NOTHING has changed from when I wrote this update.
There is no bottom. Musk brought in the boring machine to dig it deeper :
no problem. Just wanted to emphasize that this is all within what can be reasonably expected from the market.
Maybe I'm so calm because I've been hedging since 260 to 240 to 227.
thenewguy1979
"The" Dog
I was thinking about buying some cheap +280c and +160p expiring out in March.
Leaving them to ride potential up and down. And on the ways write call and put. Doing Calender spread but on a more micro level then say Max.
Realized profit if SP hit one of those extremes. But also gaining and offsetting the cost by selling against them. Leveraging going Longs but also more risk defined.
Watching the team executing vs doing it yourself I find can be a great learning curve.
Leaving them to ride potential up and down. And on the ways write call and put. Doing Calender spread but on a more micro level then say Max.
Realized profit if SP hit one of those extremes. But also gaining and offsetting the cost by selling against them. Leveraging going Longs but also more risk defined.
Watching the team executing vs doing it yourself I find can be a great learning curve.
My main short position (245/240P) was closed
My hedging position has grown. +4/-5 asymmetrical spreads for $0 cost so I'm ok with letting them expire worthless.
Honestly, does that chart really scream to you BOTTOM?
I think there is still a lower low coming here, not today but this Q. Somewhere between 180-200..I’m sticking with $187 (which since i put that out there a few months ago, has started to become SOME consensus for different reasons).
As always, as targets approach, start to scale in, which I won’t begin till <$209,
It’s like a great big game of Vision Quest.
Last edited:
Anyone hoping to play TSLA to the upside is definitely praying this was bottom. However, we still got 9 trading days until earnings and I just don't see it holding the 1 year uptrend line at this point.
Edit - 8 trading days
This is the definition of going long on any stock at any time.
Similar threads
