Down would be my guess, they are building liquidity before dumping. Seen this movie played out on a lot of afternoons like this one lol.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Yeah, I can't decide. I'm thinking a lot of short selling went into today's drop, so they may try to cover before the close (as they succeeded in getting shares from people like me). Then they can do it again tomorrow if there is any weakness in the QQQ at the open.
Buckminster
Well-Known Member
For those not reading the main thread:
S&P500 rebalancing and non-index buying/selling
S&P500 rebalancing and non-index buying/selling
I set limit orders to buy the shares back (that I had sold at 159). I kept missing it by like .2. Finally got them back at 161.5, and sold 160CC at the same time for $6.05. So I'm up $3.55 and have that to play with. If the SP goes up, I can basically roll up and out to a higher strike for a $3.55 debit without losing any money, and keep my shares. If the SP drop again tomorrow, I can sell them again at 156 and not have lost any money. Now I'll have to see if I can stick to the plan....
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EVNow
Well-Known Member
So today we got a backtest of the falling wedge. It held.
Since we made a new low, I'm expecting the hourly 200 EMA to act as resistance at least once more @ 180 sometimes this Friday - next Monday. What we are seeing is a rounding bottom developing with each new low looking less scary than the last.
If you're selling CC's now, as did, expect a strong bounce to 180 before pulling back. Close your CC @ 170 in that case. Though I said it was a bad time to sell CC's, a new low negates that.
Since we made a new low, I'm expecting the hourly 200 EMA to act as resistance at least once more @ 180 sometimes this Friday - next Monday. What we are seeing is a rounding bottom developing with each new low looking less scary than the last.
If you're selling CC's now, as did, expect a strong bounce to 180 before pulling back. Close your CC @ 170 in that case. Though I said it was a bad time to sell CC's, a new low negates that.
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Wow, wild ride today. I guess 150 isn't a distraction after all, it is a thing! The pull down continued, maybe 2:1 put heavy, still feeling good about the mid 170's the next couple days.
I closed all my CCs, sold 12/16 +126.67/-146.67 for .80.
Tried rolling two DITM BPS to Jan '25, no go. Although I set a decent limit for each, the price kept going up (from 7.50 , ended closer to 8.50) , yet the price of the underlying moved +/- $1 ... maybe had to do with IV ???
I closed all my CCs, sold 12/16 +126.67/-146.67 for .80.
Tried rolling two DITM BPS to Jan '25, no go. Although I set a decent limit for each, the price kept going up (from 7.50 , ended closer to 8.50) , yet the price of the underlying moved +/- $1 ... maybe had to do with IV ???
I
any data on Fed day reaction when the stock was already down over 10% the two days prior lol
Nay. Todays drop was too ‘orderly’ to be a capitulation.
Also, I bought shares today. That guarantees we have not seen the bottom.
Have we seen "capitulation" on Tesla before? The other times that we got cut in half I didn't have as much money on the line or margin so I didn't care
.There are still 14 minutes as of this post. Maybe 12 by the time I hit submit. Sell those shares you just bought now. Please.
Thanks for this.
Where do you see the pullback landing and taking us in 2023. Some are talking about $150 and $120, even $60. For some of us stuck with margin (not always deliberate) that’s scary as hell
unfortunately I dont have an answer to that without seeing the structure of the bounce first. Cant say if we are going to make new lows or not.Thanks for this.
Where do you see the pullback landing and taking us in 2023. Some are talking about $150 and $120, even $60. For some of us stuck with margin (not always deliberate) that’s scary as hell
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