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So. As far as we know, the Tesla investment in BYD is not real yes? Or is there anything anywhere to suggest theres something to it?
I imagine there are a bunch of hedge funds implementing new risk management policies after last week
I doubt TSLA will go down just because Bezos steps downAMZN only down 0.3% after Bezos announces he's stepping down as CEO. Wonder if TSLA would react the same way?
Just for fun, let's try an experiment by looking at the various forces affecting TSLA on Wednesday. NASDAQ futures are up 0.70%. GIven a 2.3X multiplier, TSLA would have a climb of about 0.7% NASDAQ gain x 2.3 = 1.6% TSLA gain on Wednesday. 1.6% of 873 = ~ $14. 873+14= 887.
Now we apply the filters. The upper bollinger band is at 912, so it does not constrain
Market makers want TSLA below 900 on Friday and will add resistance between 890 and 900. Thursdays and Fridays are likely to be more intense than Wednesdays. We'll say no significant interference from MMs on a climb to 887.
Price targets of above 900 and 1000 are common now, so no constraints on 887
There's room for huge error, of course, but my dartboard guesstimate would be 887ish close on Wednesday.
I will take the bait!Anybody else curious about the 18,000 calls at $1700 for Friday? Seems really strange that anyone who be buying those. Elon also said he would be off Twitter for a bit. Is there something happening this week? I sure hope not, since I sold a 1000c for Friday that I’m assuming is safe.
- Elon announces the unexpected part deux of Battery Day, whereby a new alloy, developed by SpaceX, will make batteries 5 times cheaper in 2-3 years.
Why buy the $1700 call with only 3 days left til expiry?But buying such a contract with only three days prior to expiration is like buying a lottery ticket.
I think (or guess) that buying the $1700 is to settle a short position margin call.
Not forward thinking with Ice reference to firing on all cylindersThis is excellent. Relevant because it's worth comparing leadership styles.
Email from Jeff Bezos to employees
Why buy the $1700 call with only 3 days left til expiry?
I think (or guess) that buying the $1700 is to settle a short position margin call. Perhaps purchasing that $1700 calls for cheap is to delay margin call on a bad short position without covering until Monday.
After all, having the $1700 means there is no more risk of infinite loss on the short. i.e. in case TSLA goes over 1700 there can be no additional loss. So this should reduce margin requirement on a huge short bet.
Margin call could be due to a bad bet on a meme stock and hope price will move to a favorable position by Monday.
It could also be due to selling OTM $TSLA calls (uncovered) expiring this Friday last week during the drop. The margin call could have come since TSLA went up by over $70 in the past 2 days.
I'm financing my long LEAPS by selling short-term covered calls against them at prices that would seem ridiculous for most ppl just to collect some pennies in front of the steam-roller
Just for fun, let’s point out that Bolingbrook bands:Just for fun, let's try an experiment by looking at the various forces affecting TSLA on Wednesday. NASDAQ futures are up 0.70%. GIven a 2.3X multiplier, TSLA would have a climb of about 0.7% NASDAQ gain x 2.3 = 1.6% TSLA gain on Wednesday. 1.6% of 873 = ~ $14. 873+14= 887.
Now we apply the filters. The upper bollinger band is at 912, so it does not constrain
Market makers want TSLA below 900 on Friday and will add resistance between 890 and 900. Thursdays and Fridays are likely to be more intense than Wednesdays. We'll say no significant interference from MMs on a climb to 887.
Price targets of above 900 and 1000 are common now, so no constraints on 887
There's room for huge error, of course, but my dartboard guesstimate would be 887ish close on Wednesday.
Just for fun, let’s point out that Bolingbrook bands:
Don’t constrain anything
Are user defined, thus can be made to be nearly any number.
market action is based upon sum of participants not some entity adding resistance.
I enjoyed this. But can we as a forum stop saying x times cheaper? I see this all over the news and articles and it drives me nuts. What does it means? A fifth the cost? 80% cheaper? So say that.
This includes things like X times less