Tslynk67
Well-Known Member
If I understand margin correctly, it’s basically borrowed money - is that correct?
>350 close would be sweet...
>350 close would be sweet...
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TIL... http://www.nasdaq.com/investing/glossary/r/regulation-t-callsI bought some Jan19 400 calls a few days ago and got hit with a regulation t call, and my broker liquidating some of my shares. Overall, I lost 210 of my shares in exchange for 10 call options.
I'm actually using less margin now and I'm more exposed to TSLA. Previously, I only held stock. Once it returns to ATH, assuming the price of the option will also return to a similar point as before, I'll be up 10% higher than last time it hit the ATH thanks to those options. It's an interesting, and rather beneficial trade, but I can't help but be a little annoyed that I'm only ~150% into TSLA now.
I can't think of a reason why I shouldn't convert all of my shares into call options, does anyone have a reason why I shouldn't?
tried to buy more just now but lost my nerveYou have some major cojones my friend. Mad respect. I had one... I repeat... ONE weekly 350C for this Friday. I was scared into selling it at a loss this morning.
BUT... the silver lining is I don't mess with my DITM and DOTM LEAPs, and I don't mess with my core shares. And I don't use margin (famous last words). Obsessively tracking short term option chains keeps me from doing something majorly dumb. At least that's what I tell myself.
Me too! I'll bring cheeseyou bet!
tried to buy more just now but lost my nerve
could not pull the trigger
will stay with 42 shares plus 89 calls
no more TSLA for me
will hold current position untouched
I am tempted to buy even more but too scared to do so
It seems like BMW has time and is on the way to change, it's going the right direction slowly, but maybe some rough years ahead.Yeah let's all remember that Kodak new all about digital photography. Blackberry knew all about Apple. They just cannot change, even if they know it will kill them.
You have some major cojones my friend. Mad respect. I had one... I repeat... ONE weekly 350C for this Friday. I was scared into selling it at a loss this morning.
BUT... the silver lining is I don't mess with my DITM and DOTM LEAPs, and I don't mess with my core shares. And I don't use margin (famous last words). Obsessively tracking short term option chains keeps me from doing something majorly dumb. At least that's what I tell myself.
Does after hours count @ 351.78If I understand margin correctly, it’s basically borrowed money - is that correct?
>350 close would be sweet...
Does after hours count @ 351.78
Nomura rated new buy just now with PT 500
Up 6.61% and and 0.96% AH. The pattern is just so obvious!
More than that. They're betting heavily that TSLA will rise significantly from its current price before Friday. They didn't want to pay much of a premium though (this is why they chose more in-the-money calls). If the price drops below $305/$310 they lose the *entire* $6 million; if it is somwhere between there and the current price, they just lose some of it.
The possible relevance is that someone appears to be betting on the deliveries report being a large surprise to the upside.
They may have inside information or they may just have really good information or they may just be a really big gambler (and possibly an idiot) or they may be a billionaire for whom $6 million is pocket change. Who knows.
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However, as noted, it could be a hedge. If it's a hedge it would be a short-seller trying to lock in an exit price *in case* the deliveries report is a huge positive upside. This would imply someone who has short sold 171,900 shares, which is a truly enormous number of shares to short-sell... that would imply a $58 million exposure... but I guess with shorting of $10 billion, there have to be some people with very large short positions...