london55555
Short

TSLA Looking to Sell OTM Calls On All Bounces Above $200

NASDAQ:TSLA   TESLA INC
2008 views
21
2008 138
Looking to sell ( not buy ) out of the money calls on any and all bounces back above $200 - this call is for very educated traders only. The optimum decay time for these OTM call options is 56 days out - so that's what we will be looking to sell.
Comment: This name should get a bounce around the $170 area but it's not going to matter - this name will eventually see sub $50 - do your own DD
Comment: Time to start selling (NOT BUYING ) inflated OTM calls at the open this morning on this bounce.
Comment: PERFECT
Comment: So far so good.
Comment: Down another 2% pre market - Perfect and looking for MUCH lower after any of the usual bounces along the way.
Comment: This is a TSLA THREAD NOT a crypto thread - please keep on target.
Comment: The calls we sold( again sold not bought ) have now been destroyed and we will buy them back this morning for pennies on the dollar and we will reload this short call on any and all bounces now.
Comment: Reloading this trade this morning rather than waiting - again not for the retail trader - we are looking to now sell OTM naked calls 56 days out or a bit better with very low Delta's.
Comment: Adding again to this morning's "gift" of a bounce on this call TSLA is the gift that keeps on giving
Comment: Thank you for this wonderful bounce - selling more over priced way OTM LOW DELTA calls
Comment: This stock is an option sellers dream come true - nothing has changed other than Mr Musk has opened his mouth again this morning thus inflating more OTM worthless calls to sell .
Comment: This name just keeps getting better and better with every single bounce as we posted at the opening - every single call we have sold at a premium price on bounces will expire worthless.
*** PLEASE KEEP ALL COMMENTS CIVIL - THANK YOU ***
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Any new updates?
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@scurry, Hello there's really nothing to update this is not advice but we think this name eventually sees sub $50 so we're looking to just keep selling OTM calls - we'll see how it plays out. Good luck and thank you for the question @dRends35
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@scurry, Time to short was $400 fools, not $200 hahahahah

+1 Reply
scurry noam_chom
@noam_chom, No one was asking when is it time to short, I was asking the OP for an update to his trade. Don't come in here blindly slinging mud and calling names. I guess you're trying to inflate your ego buy blindly calling out others (even if you're incorrect)... good luck with that attitude. I'm a naked put seller and if you know this business, naked call sellers are a very rare breed. I can appreciate learning from the other side, alternative views are important. Stupid comments like yours though... not important.
+1 Reply
@scurry, Don't you find it interesting that this fellow can look back at TSLA at ATH and make a comment like that ? Here he is with NO IDEA of what we have been doing with TSLA and my guess is he has never sold an option in his life never mind a naked option because as you know you need a special pre approved account to do so- and now he's a big shot long that by the way puts him on the other side of a Jim Chanos trade - a financial death wish. Thank you for your comment. @dRends35
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@scurry, p.s. This guy has a very recent LONG call on TSLA "to $320" to quote his post - as I said he's on the other side of a Jim Chanos trade - never a very good idea.
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london55555 The_Egyption_King
@The_Egyption_King, Thank you for the comment / chart
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*** IT SEEMS WE HAVE SOME EXCEPTIONALLY DISRUPTIVE PEOPLE ON THIS THREAD SO WE WILL ASK ONE MORE TIME 3RD TIME ACTUALLY - THIS IS A TSLA THREAD-PLEASE PLEASE STAY ON TOPIC. THANK YOU ***
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