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.
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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
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Time to start selling (NOT BUYING ) inflated OTM calls at the open this morning on this bounce.
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PERFECT
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So far so good.
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Down another 2% pre market - Perfect and looking for MUCH lower after any of the usual bounces along the way.
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This is a TSLA THREAD NOT a crypto thread - please keep on target.
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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.
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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.
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Adding again to this morning's "gift" of a bounce on this call TSLA is the gift that keeps on giving
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Thank you for this wonderful bounce - selling more over priced way OTM LOW DELTA calls
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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 .
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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.
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ALL CALLS we sold ( NOT BOUGHT ) will expire worthless - exactly what we wanted. This trade continues.
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PERFECT morning to sell ( not buy ) more OTM very low delta calls 30 min into the open- PERFECT.- as stated above all others sold have expired worthless. Again not a trade for the retial trader and do your own DD
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Working out perfect. Just as expected. We'll see how this gift that keeps on giving plays out. Again not for the retail trader.
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OTM Low Delta calls sold the other day and posted here already in the profit zone. These call sold ( not bought ) will all expire worthless and we keep the premium on these inflated OTM CALLS. Do your own DD.
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BANG! Down 14% and we are closing out ( buying back for pennies on the dollar ) the calls we have sold but will look to reload this gift that just keeps on giving.
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TSLA The Gift That Keeps On Giving - We'll Be Looking To Buy Back All Sold Calls Sometime Next Week For Pennies On The Dollar - Rinse And Repeat
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Once again closing out sold OTM calls and rinse and repeat - buying back for pennies on the dollar once again. Optimum time value to SELL NOT BUY OTM calls are56 days re: decay to the buyers position
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Rinse and repeat - once again closing out ( buyng back ) OTM CALLS sold for pennies on the dollar and keeping the premium - we will seek to reload on any and all bounces in this name. DO NOT try this at home without supervision - do your own DD.
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Once again we will be buying back any and all OTM calls sold for pennies on the dollar this morning - this name is too good to be true for an options seller. Again - we will also look to repeat on any sharp bounce.