Wiki Selling TSLA Options - Be the House

[intelligator]

When dealers are buying or selling (the underlying and options), do their orders show up in the counts as bid / ask or are they simply buying / selling at market ? My assumption is that the number of limit orders is what we see.

 

[Jim Holder]

My spider sense is tingling. Tomorrow morning should see the top of this leg. FOMC next Wednesday.

Ready for puts/NTM calls around here?

 

[dl003]

Ron Barron believe the TSLA bottom was in. I'm going to agree. Need to try to save my shares from my CCs. I'm just hoping we go down to at least 160 or 155 short term before the final

ahem

the slope of this decline, you don't have to go an extra month, imo.
The silver lining here is since we started the decline at 206 and broke the AVWAP lower band at 172, the bottom projection has been moved up to 140.

Multiple falling wedges can be drawn on the chart which shows this crash is now a bit long in the tooth. We're also approaching the end of a seasonally weak period for the stock which ends around the end of May. So I think 145, maybe a tiny bit lower. Falling wedges typically see each of their sides touched 3 times before terminating and we've only seen 2 touches to the downside. One more is due.

In this diagonal pattern, it's crucial wave 3 is not the shortest. Since wave 1 is obviously the longest, wave 5 here has to be shorter than wave 3, which means this cant go lower than 139. If it's lower than 139, it's going to crash much further as it'll be something else more bearish than a diagonal.
This week, I think, is just people finally hedging for ER, prompted in part by the layoff related news. Resting on the 0.5 fib line with weekly RSI and MACD flatlining. This is saying that we're bottoming out, UNLESS we crash.

 

[Quesder]

unbelievable... TSLA is $168 now.
Tomorrow, is TSLA we going to close above Friday 4/12 close price 171.05?

 

[Jim Holder]

 

[dl003]

Ready for puts/NTM calls around here?

Need to see 1st deep red hourly candle.

 

[Jim Holder]

Need to see 1st deep red hourly candle.

Which level do you guess that might be?

 

[dl003]

Which level do you guess that might be?

Could be here. Could be 175. Daily bullish trend seems certain after 4.5 months of down trending, made possible by people over hedging and shorting the hole.

 

[chillerjt]

A dip is coming soon. At the bottom of that dip, roll the calls out to June 21. Do it at a debit of $18, your original premium. Remind me this week & next for the spot.

What would be a safe strike price to sell calls for June 21?

 

[adiggs]

does anyone know what is the official strategy name for this? strangle with diff dte

sto 4/26 -c1000
sto 5/3 -p800

TIA!

Sounds like a calendar spread

 

[Yoona]

Sounds like a calendar spread

sorry, no cigar

CS is same p or same c

 

[dl003]

What would be a safe strike price to sell calls for June 21?

I don't know yet.

 

[BornToFly]

unbelievable... TSLA is $168 now.
Tomorrow, is TSLA we going to close above Friday 4/12 close price 171.05?

That would screw me the most. So almost certainly YES....

 

[Jim Holder]

Seems inevitable now:

 

[Yoona]

tsla: smart money incoming

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smart money is still buying

 

[tivoboy]

Sold 5x -cc June @175 ~ $11.. take em or hold em.

 

[Yoona]

for the 1st time since Mar 1, tsla is above daily 34 EMA

 

[Jim Holder]

Sold 5x -cc June @175 ~ $11.. take em or hold em.

Followed STO 5x -C190 6/21 @ 5.50
(not as daring...)

 

[EnzoXYZ]

That would screw me the most. So almost certainly YES....

Are we almost near inverse BTF? Is that a thing?

 

[Jim Holder]

for the 1st time since Mar 1, tsla is above daily 34 EMA

View attachment 1041614

Thanks.

Any data on what's up with the 34-ema? Seems random, but it works.