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Case in point: After a 1,000% run in 15 years, one cannot find a good channel for SPY without log chart. In regular view, it looks parabolic. TSLA did 1000% in a year. Multiple times. Logarithmic scale is how market participants make sense of and measure huge moves in price. You haven't...

Log chart is a valid option to measure price movements across a wide span of time, because over, lets say a decade, price of security could have appreciated hundreds of percent, making the early level seem almost non-existent and historical patterns difficult to recognize. That's where log chart...

Different timeframe. I think we'll go up after this correction is over. It may not be over yet.

Here's after everything said and done, which I why I liked it the most.

No, exactly like I posted last week Spiking up from here is the scenario I'm trying to avoid by not selling calls.

I'm seeing a strong move to either side so I'm buying volatility in the form of put spreads instead of selling calls. If I'm right, I'll make money for very little outlay. If I'm wrong, I'll be able to avoid the next $10 spike which can cost me a lot more than the cost of the put spreads. I lean...

nothing has changed for me. I'm holding put spreads instead of selling more calls.

I'd say before the 7th.

Just FYI, my full target for this DCB is about 250-260. If we get there, you probably will see people saying TSLA has broken out of its resistance trendline, like so However, since this correction has been so extensive, it may be more appropriate to use a log chart, like so. It's still...

I mean, you read "actionable" under a stock chart thought it referred to the SEC... A huge number of people here care about the short term movement more than they're willing to admit. After all, if not they, then who read Papafox's everyday?

Very simple: if you think the "most shorted stock" label is actionable, try to predict daily or weekly, your choice, price action based on that info. Maybe put some money in calls / puts based on your read. Then we'll see how actionable it is. It's easy to sound smart with short interest this, %...

Still higher than last Friday such a tease show me something good

This chart encapsulates my entire holding period in TSLA during which, TSLA has always been the one of the most shorted stocks. Does it go straight down? Does it go straight up? Is it lower than 2019? Is it at ATH? No. In short, there is nothing actionable about the simple fact of being the one...

of course not in % term.

Woke anything is bad, I think?

TSLA has always, ALWAYS, been in the top 3 most shorted stocks for as long as I can remember, since 2019. Doesn't say much.

those replicants will make fine assembly workers though. and they won't unionize.

keeping those put spreads though. Fun times ahead.

Seeing the triangle is terminating for SPY and the only thing coming is NVDA ER AH, I'd say as soon as tomorrow.

I think I caught a glimpse of where this is headed. This is a very very bullish triangle consolidation in SPY, but the catch is it happens only before the last wave in a trend. So SPY is about to spike huge from here but rug pull comes after Back to TSLA, we've seen wave 123, now 4 in process...

It was planned in advance since Friday morning. I detected a huge call flow before the spike from 174 to 180. I don't think yesterday was the reason for it. Unless we drop straight to the 160s from here, something else is coming.

At ATH, we're a mega cap tech company. At -60%, we're suddenly a hybrid of car & covid stocks.

That put spread is simply a risk : reward play for the chance of yesterday was a false breakout and a sharp drop to follow. The real play is to avoid standing in the way of TSLA going parabolic by selling calls. In other words, I'm buying a $40 put spreads to earn $460 instead of selling $460...

I used to disagree with this simply because of a lack of evidence, but after seeing where they've placed their priorities in the last couple of weeks, I'm changing side.

Thats where you are wrong. "Full time" is a perception for CEOs and that perception is earned through your actions and results. An employee is technically full time when he works at least 40 hours a week. They can have multiple jobs and be full time at each one of them. Theres a baseline for a...

Im an Elon fanboi but this statement right here doesnt sound right. He's got to make it work, or at least pretend to. Thats the whole point. I dare Elon to tweet "Tesla is not my only focus. I cant spend my entire day at Tesla" and hope to get our votes. He wont.

might as well title it "people who dont look where they are going are more likely to die"

what you quoted doesnt support your claim though. They want a CEO who is 100% focused on Tesla and claim Musk is distracted. That doesnt mean they want a replacement, unless your premise is Elon is incapable of being fully committed to Tesla.

thats not really a "CCP" thing. Whatever you do, there is an Asian who can do it better than you. Asians, especially Chinese, are just very very good at copying and improving. The pace at which Tesla improves has to be faster than those who try to imitate it.

note that I dont know well get to this point just like I didnt know we would see 188. If we do, this will be how I will call the top. Tomorrow, I dont have any plan yet.

Ultimately, the end game Im looking for is this With MACD, 2nd panel, reaching peak bullish momentum RSI and MFI, 3rd and 4th panels, both showing bearish divergence from an overbought zone. That doesnt mean the stock will get rejected right away. Last year, it did sell from 278 to 240, but then...

Its just a big level so purely technical. of course they can bring out some news to justify it. I knew 188 would reject it on 1st attempt. I just didnt know for sure we would reach 188, especially after yesterday. What yesterday told me was if 179 wouldnt reject it today, it could spike hard to...

I'm reverting back to this scenario. However, the daily candle is too bullish. I'm watching 187.5 next. If it can trade over 187.5, then it will confirm that what's happened since 199 is a correction, which many still doubt. Whether that correction ended at 168 or will end at low 160s, that's...

Elon and the board suddenly involved and opening all channels of communication when they need something is not a good gesture, especially after years of staying silent while we have been bombarded with fake news. Id would much prefer they shut the hell up, posted a few good ERs, then brought up...

I dont *sugar* on the board unless I have a good reason to. Defend it when appropriate even. Elon is a wartime CEO, I agree with that. He can take over and "resign" even the most senior executives. Fine, if thats what it takes. But, what does Tesla even need a board for? Why r we paying them tens...

I kinda have a problem with the way layoff is being conducted. Its as if Elon just came back from Mars to a mess. So: 1. If Elon was on top of things the whole time, how did he let it get so bloated? 2. If Elon was absent, what did the board do or not do that led to it getting so bloated? This...

Problems with peoples hedging against a distant threat like Elon leaving, is it creates a temporarily crowded trade. 4 weeks till the vote. plenty of time for them to be bagged. if tomorrow we go down to 171 first, I'll close out half my put spreads.

It's not a big concern for me, because the 152.3 bottom last year was a major bottom, taking 3 months to form. Right now the bottom we're looking for is a small correction bottom, so that's why moving averages are not as bearishly stacked as last year.

Yes. I'll probably sell that strike for 6/28, in addition to the 165/160 and 162.5/160 put spreads I already have for next week.

178-179.

No I don't mean specifically you. Just seems like general sentiment suddenly deteriorated over the weekend. I wonder why. The current setup bears a strong resemblance to early May of last year. Bearish pennant, or triangle correction in play. The 15m needs some pressure release before going...

You might be onto something here, Jim...

did I miss something happening over the weekend, aside from a few tweets from Elon interpreted as veiled threats?

My default scenario for tomorrow. If it plays out this way, we have to buy the next dip. Triangle correction precedes only the last leg in a sequence.

This X account is also worthless, just like that guy Jake Wu something. Say a lot of *sugar* but never really stand behind anything while being wrong half the times. My bet is dont bet on it breaking for another 6 months. Once it breaks, it will be UP. So no, no trade of the summer, not this year...

I'm going to degen this ER down to 800. Hopefully break this win % on the lotto.

Safety for passengers is literally the only parameter of NHTSA's rating tests. Nobody buys a car with the goal of keeping everyone outside the car safe. If thats your goal, walk.

Except Im not missing the point. You are. His goal has never been to minimize motorcycle deaths. His goal is to build the safest vehicles on the road. Period.

He said Tesla would not build unsafe vehicles. Is CT unsafe? No? There you go.

It is going to be very tricky. Wall Street talks among itself so institutional traders must know how the big boys vote. Therefore, I will be very careful not to go against the trend. If they know the vote is going to pass, theres nothing stopping them from pumping this all the way up to mid...