Waiting4M3
Active Member
He was probably imagining others in the room in their underwears, without wearing underwear himself
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mejojo
Active Member
He was probably imagining others in the room in their underwears, without wearing underwear himself
One in particular wearing a diaper.
359.01.
Looks like every notable(?) tech stock had a ok recovery today other than Netflix, appl with a meh recovery, with only Tesla, Snap and NVidia ending up in the green. Tells me that it's not the doomsday some people were suggesting and makes me feel pretty good for tomorrow.
Looks like every notable(?) tech stock had a ok recovery today other than Netflix, appl with a meh recovery, with only Tesla, Snap and NVidia ending up in the green. Tells me that it's not the doomsday some people were suggesting and makes me feel pretty good for tomorrow.
bdy0627
Active Member
I agree, particularly with NASDAQ down .52%. It's a bullish sign that there were net buyers for TSLA. I anticipate some consolidation here. But with the M3 reveal around the corner, it may not linger here very long.
The trick with VW is that the options were cash-settled so it wsan't *really* that tight... only 64% of the shares were off the market and 36% were available for the other 49% shareholders (which is still tight, mind you, and enough to cause a short-covering rally). But most of the news didn't report that key adjective "cash-settled", making it look like a true squeeze.
A further point is that with so much institutional holding, and much of it concentrated in a fairly short list of institutions, the institutions actually have the ability to determine the timing of the short squeeze. The short-sellers are almost certainly mostly borrowing from those institutions, particularly from Fidelity. The Contrafund and OTC managers are in a position to engineer a short squeeze if they want to, with plausible deniability that that was their intent. I really would not want to be a short-seller in that environment (not that I would ever want to be a short-seller).
Those were opened at the earliest in late 2016, when Tesla was at $180. I think the people on the buy side of those contracts are simply idiots.
And it is definitely people on the buy side. I've discovered that if you want to sell way-away-from-the-money options and no real buyer wants to buy them, the market makers will often not offer a bid at all.
Absolutely. You may remember I attempted to break down which institutional investors were likely "permanent holds" a while back; I can't remember what number I calculated, unfortunately. I think it was less than half of the institutions. There's also going to be a ~5% permanent hold from index funds when Tesla gets added to the S&P.
And I think for us as long investors, this is a better setup. Because after all, if TSLA was a good short candidate at $200/share, it must be an amazing short opportunity at $350. It's hard to even imagine how good of a short it'll be at $500/share. A nice steady rise has a reasonable chance of drawing in new shorts as old shorts get margin called out
Can you dream of the opportunity when TSLA gets to $1000!?!
Saudi government? Even ExxonMobil only has a market cap of $350 billion (and falling).
Decided to hold part of my day trading position of Friday $365 calls overnight after seeing a strengthening bid pretty much all day today -
(15 minute chart)
(15 minute chart)
That was me. I was way more conservative than you but I still loaded up on the arbitrage opportunity back then; in addition to loading up on stock I bought my first out of the money calls ever.
Congratulations on being wise enough to buy that much early and hanging on. I only have 1180 "old" (pre-2013 runup) shares. I increased my exposure massively in June-November of 2016 during the merger arb opportunity... to be clear though, TSLA is still under 30% of the portfolio I'm managing, so I'm being much more conservative than some of our friends here.
Seriously, buy an battery-electric lawnmower already... they're really nice now.
Please point noobie in correct direction, if I use max pain website , I think I see ~27,000, $50 worth ~$3.4million, yesterday.
The folks that "own" these, how liquid are they?
Are they basically "trapped" With a loss of unknown amount, up to 100% ending on 1/18/2019, ~570 more days of shrieking pain?
And that's JUST the $50 contracts...
Is this the correct view, or is it worse?
Dang, I feel like a piker with a shade under 280 shares.
Could always borrow double your net worth on margin like I did and dump it into TSLA.
I was incredible nervous all weekend and earlier today when it was looking like it'll go under 350, but I'm pretty comfortable now.
Today was mixed but the local bottoms gradually drifted up throughout the day. I think of it as price strengthening.
I expect covering to have happened today.
Starting tomorrow we should see price stabilize and gradually drift up over the week.
(Unles ofcouse we see some other silly macro sell off)
note: im retired, almost 70, and don't want margin to be more than 5% of portfolio. i remember the old guy, 35 years ago in our investing group who said "im naked a bunch of shorts, hope i'm ok overnite"" or something like that, we NEVER saw him again. (hawai'i bound)
Is there a sentiment indicator based on options? Something that would look like a 3D topographic map and if so, significant or insignificant
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