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You want to do the conversion at the lowest price you can get, because you will be increasing your leverage on the way back up by a factor of three. Of course this means trying to time the market, so it may be folly; just do the conversion whenever.I’m in as much as I can, but I’m looking to convert some core shares in my IRA into ITM LEAPs at a 3:1 ratio, targeting a delta of ~ 0.80.
Question TT: how do you think about when the right time is to make a move like that, near the upper band, lower band or it doesn’t matter, and why?
Good point! I live in the older Suberbistan sector of California. Retired Suberbistanis (those are the ones with the means) are very familiar with traditional symbols of affluence like bmw/mbz/porch/lexus/corvette, but many are only vaguely familiar with or never heard of TESLA despite the increasing number on the roads. They seem to be committed to oil energy stocks and faux auto elegance. They are too committed to the familiar and traditional thinking. They complain about their increasing utility costs and I smugly point to the PV panels on my roof and say, "what utility costs?" They will soon learn that the train has left and they were late to the station.I have no idea why anyone with the means in CA would purchase a BMW/Mercedes/Panamera instead of an S/X.
So have we heard of a single fresh delivered Model 3 VIN in the last week or so? Seems to have gone very quiet.
Added the pearl white model 3 3xx vin I got to test drive when somebody took delivery last friday to the thread.
For those who incorporate sentiment analysis into their investment process, I note that the general tone of Seeking Alpha articles have moved slightly from heavily negative towards a more balanced point in the last week. Some of the perma-bears are now saying "don't short TSLA" etc...
Not sure what this exactly means, but it's a data point nonetheless.
Edit: comments are still very negative...
I was expecting short interest to go up to 33 to 35m, reasoning that the precipitous fall since 9/15 was a bear raid. Obviously, I was wrong.i had noticed this too.
could be because short interest is down a lot (27m shares is same level as 6/30, where it had stretched up to near 30m shares since then).
bears covered aggressively during the swoon from 9/15-9/30. wonder how far the price would have dropped without their supporting it.
http://www.nasdaq.com/symbol/tsla/short-interest
I was expecting short interest to go up to 33 to 35m, reasoning that the precipitous fall since 9/15 was a bear raid. Obviously, I was wrong.
It looks like some big institutional long holders do play the volatility game to make some extra bucks.
That 44,258 share trade earlier (13:07 eastern) was dark pool sourced, buying on liquidity. (if it wasn't obvious by the crazy price spike)
I am not a huge fan of converting shares into LEAPS. infact it is the other way around for me.I’m in as much as I can, but I’m looking to convert some core shares in my IRA into ITM LEAPs at a 3:1 ratio, targeting a delta of ~ 0.80.
Question TT: how do you think about when the right time is to make a move like that, near the upper band, lower band or it doesn’t matter, and why?
noBased on your future PT predictions does it really matter if one buys at $310, $370, or even $450?
I was just about to tag you on this question: are you seeing a similar setup leading up to yesterday afternoon's continuous rise?
Not really. Yesterday's rise frankly had no "tell" ahead of it. Just... happened.
That's how it usually works - if it was predictable, I'd be driving a Tesla Roadster instead of a Z4.![]()
Oh. That's a rocket. I was expecting a green day after the morning dip, but I wasn't expecting this within a few minutes ;-) nice.
Not really. Yesterday's rise frankly had no "tell" ahead of it. Just... happened.
That's how it usually works - if it was predictable, I'd be driving a Tesla Roadster instead of a Z4.![]()
It's still very informative that yesterday's rise "had no tell," but I had to rate that one funny![]()
Depends whom one asks...