There was moderate borrowing for shorting at Fidelity today: around 50k shares. Yesterday notably there was likely 199k shares covered. I am hoping TSLA could test strong resistance at $235-236.
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Tesla Supercharger pricing is up. Reasonable priced in Norway
Now is the wrong time to take profits. I'm longer than I've been in forever. my .02. GL everyone! Hoping for at least 240 today.
Edit: I've been burned countless times and I'm still very much a newbie to trading. Please dont follow me or consider this investment advice.
Edit: I've been burned countless times and I'm still very much a newbie to trading. Please dont follow me or consider this investment advice.
Long and strong like a pornstar! Go tesla. Cheers to the longs! 235 is a big hurdle
Wow, nice action. Shorts covering ?
Lets see some panicking shorts
Let them stay a little longer...
I have a bunch of Jan 20 calls ($190, $220 and $230). I think that we'll continue the trend next week, but am planning to form spreads today by selling upper bracket to take some money off the table and de-risk next (inauguration) week. Depending how next week plays out, I will either sell the spreads or start rolling them out (if they are slightly in the money and it seems that TSLA is to continue the current uptrend).
I also have some Jan 2019 calls bought when TSLA was around $212. I am planning to ride them for now, up the trend, and will consider forming delayed "free" spreads at around $265, but may hold all the way until, hopefully, ATH. I am hoping that current uptrend will carry through the first half of February.
All of the above is not an investment advice and not an inflexible rigid set of criteria...
Anticipating a brick wall at 235 (which I've posted several times over the last few days, it's huge resistance), I got out of my deep ITM Jan 20 short puts when SP was around 234.50 for a solid gain - almost 50% on ITM short puts I consider to be great.
Hopefully I just chickened out too early and we bust through 235. I think 250 is in the cards if we break 235 for a sustained period.
Hopefully I just chickened out too early and we bust through 235. I think 250 is in the cards if we break 235 for a sustained period.
Don't forget everybody, Monday is a holiday (markets closed) so only 4 trading days next week.
racer26
Active Member
Yep. Just unloaded the last of the Jan20th calls I was hanging on to so I don't get killed by theta decay over the weekend.
Well, I still have some 370 lottery tickets I bought last summer that have been worth $0.01 since like October. I can't even make enough by selling them to cover the commissions.
MartinAustin
Active Member
Tesla expiring calls with active trading as shares rally. The stock is up $4.75 to $234.34 after the company unveiled a new pricing plan for its Supercharger network. More than 3K Jan 13th 235 calls have traded. Jan 13th 232.5, 230, and 240 calls are next most active. Total volume is lopsided more than 2:1 at 19K calls and 8.7K puts. Nearly 60% of the flow is in contracts that expire today.
I wish I knew what all this means
I wish I knew what all this means
racer26
Active Member
Mostly, I think its just that we're colliding with the rising trendline, and the staircase from Dec 5 is continuing. That, plus we're running into strong resistance at 235. Fundamentally, we got some more Elon tweets and finally a clarification of what the Supercharger costs are going to look like for people who buy cars after this weekend, and it looks reasonable.
LOL - I think it means traders are currently short term bullish...
racer26
Active Member
To the readers of the tea leaves out there, if we solidly get through 235 resistance, where to next?
It's official - we are at about an 8 month high right now. All shorts getting in from early May onward are now underwater if they held. Let's keep above 235 and they will drown on the way up to 250.
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