Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register

Wiki Selling TSLA Options - Be the House

This site may earn commission on affiliate links.
1709580717796.png
 
  • Like
Reactions: DaBooster
Hey @Jim Holder - watch out for your long-dated short puts, Sep -p270 currently have around $1.7 extrinsic

A little earlier:

STO 1x 3/8 SMCI -p1000 @$21.1 -> against 2x Jan 2026 +p800 (82% chance of profit according to OptionStrat)
STO 5x 3/8 NVDA -p850 @$11.1 -> against 20x July +p600 (74% chance of profit)

With the ratio of less short puts to long, means the longer dated side, with lower Delta can keep up a bit in $$$ value with the weekly, it's not exact, or perfect, but close enough and given the ~25x chances to roll down the NVDA and ~95x expiries to roll down the SMCI I think writing at these strikes is "relatively" safe
 
Hey @Jim Holder - watch out for your long-dated short puts, Sep -p270 currently have around $1.7 extrinsic

Thanks for remembering and thinking about me. I’m out of them already for a couple weeks I have instead:

10x 9/20/24 -P250 @57.80, extrinsic $4.30
14x 6/18/26 -P300 @115, extrinsic $10.20

I plan to roll the 6/18/2026 up and closer in once TSLA’s back in a bullish mode >$220 (one can hope…). Will keep an eye on them.

Meanwhile I BTO some:
+C205 4/19 @6.70
+C210 5/17 @8.60
I plan to close these on next tap of channel top (~205) if we get there, and switch for short calls for the ride back down.
 
NVDA and TSLA are crushing me. NVDA won't stop going up, and was getting too close to my -920/+950C. So I rolled those up to -970/+1000 and tripled the number to pay for the roll (still for Friday), tripling my risk.
Meanwhile TSLA won't stop dropping and is making my +170/-195P for next week worse and worse.

🤬🤬🤬


I dunno, maybe shorting the company with growing earnings and a lower forward PE ratio, and long the company with flat earnings and higher forward PE ratio doesn't make sense.
 
  • Like
Reactions: 2Pearls
NVDA and TSLA are crushing me. NVDA won't stop going up, and was getting too close to my -920/+950C. So I rolled those up to -970/+1000 and tripled the number to pay for the roll (still for Friday), tripling my risk.
Meanwhile TSLA won't stop dropping and is making my +170/-195P for next week worse and worse.

🤬🤬🤬
Spreads are scary. They are a way to reduce risk, but more often they help you scale up risk instead.
 
I dunno, maybe shorting the company with growing earnings and a lower forward PE ratio, and long the company with flat earnings and higher forward PE ratio doesn't make sense.
The NVDA is part of an IC. I have +720/-750 on the other side.

The TSLA BPSs has been rolled multiple times over two years starting before the EPS collapse.