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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
I don't think it's a fade. Doesn't feel like a fade. Initially there was a rush of call buying that pushed the stock up. Then, people un-"familiar with the matter" sold as it's OPEX and 180 just seemed like a good price. However, those calls were bought; there had to be a reason. They must be anticipating something over the weekend and don't mind these peasants selling on a Friday cuz they know Monday will go the way they want. We are still trading a lot higher than before the call buying commended.
If I'm right, the structure we're seeing will soon yield to a more vertical variation with shallow retracements few and far in between.
If I'm right, the structure we're seeing will soon yield to a more vertical variation with shallow retracements few and far in between.
thenewguy1979
"The" Dog
Compared to Macro and Others Mag7 we are the top dog today.
As a whole we're still holding onto some gain....the juices are there.
SPY also completed it retracement to 527.
Adding some more C on the retracement. Let see if we rocketed Monday or sputter out of gas
As a whole we're still holding onto some gain....the juices are there.
SPY also completed it retracement to 527.
Adding some more C on the retracement. Let see if we rocketed Monday or sputter out of gas
jeewee3000
Active Member
Positioned for next week. Done trading and working for the week. Cheers to all, and in particular @Max Plaid
bmd00
Member
When I see these long upper wicks on the green days, most importantly May 13th (the day of the supposed end of correction), it tells me there’s hesitation from the bulls. Whereas on the red days, the bears are in control from start to finish. Perhaps this is telling us we may not be quite ready yet to start the next leg up. Shouldn't there be a convincing day that proves the bulls are back? Like Apr 27th, 2023. This recent price action appears to be the bears just taking the day off, not the bulls having won the stock back just yet.
Wonder twins power activated, Form OF a Double Top.
Says the dog that is literally 6 inches off the ground.. i mean you’re ONLY outpacing a Dachshund by about 1”Compared to Macro and Others Mag7 we are the top dog today.
As a whole we're still holding onto some gain....the juices are there.
SPY also completed it retracement to 527.
Adding some more C on the retracement. Let see if we rocketed Monday or sputter out of gas
View attachment 1048132
STO a few -C215 TSLA 7/19/24 @3.75
Seem next week can run a bit but just in case not, plus counting on chop and retrace anyway between now and then.
When is a Chimay, NOT a Duvel but IS an Orval.. They all get the same glass. ;-). I miss Belgium, OFTEN.
You forgot the coaster BTW.
And here, silly me, I thought those were HAND RESTS. ;-)
Closed this week’s -180CC’s at the close yesterday.. didn’t do anything today. Will let price action early next week dictate next options move. Current plan is to wait until we get above 180 to sell any cc’s, and if we don’t get that, will only sell cc’s below 180 if we break 171 and 168, to preserve capital since at that point we would likely see further downside
Good plan. What CC's do you have in mind if we get above $180?
jeewee3000
Active Member
It was a Chimay glass and I specifically hid the lettering since that is a sin.
Clearly I’ve spent too much time in Belgian bars and restaurants…It was a Chimay glass and I specifically hid the lettering since that is a sin.
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