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Wiki Selling TSLA Options - Be the House

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Interesting. Looks like this:


View attachment 997585
Thanks, but I just used the +25% (within) and (outside)-25% (knowing it can get to be far more either way, but to the downside there will be plenty of room to roll. I guess I wil roll both of them more than once, collecting premium.
 
Added +250/-265c exp 12/15 for the upside

travelled this week, made .65 Tuesday morning with 12/8 cc STO/BTC same day. Half hour ago I set a STO -c265 for 1.00, hit at high side of 244, added an order to BTO +250 for 2.00 which will hit near 238 , if we see that today. The aim is to get this spread filled at net 1.00 debit ... GLTA, signing out for the weekend.
 
Maybe since next week's GEX wall moves up to $250 it's just going to wait to try next week, BUT next week has a few land-mines such as OPEX, key inflation data, FOMOC, etc. and who knows what else.

It won't be boring, that's for sure!

1702051669876.png
 
And chickened out of C 247.50 for .57 leaving me .20 net gain, enough for a nice main dish (Together with the two other calls make it a weekend of fun!)
Being chickened is the secret of longevity in this game….mmmm chicken ;)

Sidelines - being the house is much more fun. Way less profit but way less risk and more consistent winning. All my sold contract for the week going into earning for Roku, LuLu, and GME are in green.

Tesla Stock posturing again. Maybe MM really want to weed out the 245C holder?? Little dog might need to bite the beast in the ass again to get it going.....
 
Thursday:
So $244 rejected for now, lower high from yesterday...yada yada...let's see if it can beat yesterday's HOD.

On pop STO:
10x -C260 12/15 @$1.80
10x -C265 12/15 @$1.15
10x -C270 12/22 @$1.70

BTC here, 4th round-trip, gained approx 3x than just holding. The volatility can be fun if you’re cautious and not greedy. As of now going into weekend flat on near-term CCs unless we test highs again.
 
Ok, first very safe move based on MA4x divergence upward:
STO march 15 2024 P180 expected to even sustain a -25%! $3.47 catch (if direction confirmed I will move Up and out)
BTO march 15 2024 C 290 @ $9.35 in a 1:3 ratio with foresaid -P, so in fact a free call.

inspired by SpeedyEddy, did similar except STO 5x Jan 26 2024 p200, and BTO 6x Jan26 2024 C300. basically a wash

edit: the -P are backed by the Mar 15 2024 p150, which helps not tie up much $
 
Damn, wrote this three hours ago, but forgot to post it...

OK, decided to sort out this week's expiries, can't be bothered staring at the ticker for the next six hours...

BTC 60x -c240 @$2.91 (net +$1.29)
BTC 30x -p240 @$0.95 (net +$8.40)

STO 40x 12/15 -p240 @$5.1
STO 60x 12/15 -c245 @$5.2

Hoping to let today's 100x -c260 expire (saves $250 in broker fees...)

If we get any kind of pop above $250 then will look to sell 100x -c260
 
Damn, wrote this three hours ago, but forgot to post it...

OK, decided to sort out this week's expiries, can't be bothered staring at the ticker for the next six hours...

BTC 60x -c240 @$2.91 (net +$1.29)
BTC 30x -p240 @$0.95 (net +$8.40)

STO 40x 12/15 -p240 @$5.1
STO 60x 12/15 -c245 @$5.2


Hoping to let today's 100x -c260 expire (saves $250 in broker fees...)

If we get any kind of pop above $250 then will look to sell 100x -c260

The Strangles are close ITM. Please share exit plan Max? That truly a big dog move exp 12/15