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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
What a bad time to be a long TSLA investor seeing NVDA do what TSLA did in 2020 while TSLA has barely any strength. My only motivation is working right now to buy more CASH.TO
This chart
Looks
Terrible.
Every down draft is met with weak buying, and then more selling.. it’s a very unusual pattern with just such consistent selling and zero holding, or popping even a tiny bit.
IMO $17x is in play THIS week. For whatever reason, however there is no interest in the stock and more interest to just retest 2024 low ~ $175. Maybe its just so much money going into other tech plays and certainly options, but it doesn’t bode well here for the near term.
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SpeedyEddy
Active Member
Selling pressure, consequently bigger red than green candles on the shorter timeframes. Engulfing on the daily, hourly and even weekly already on the first day of the week. Bad bad bad, no hope.
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Thank you. Any target below other than $60
thenewguy1979
"The" Dog
Well, when I sold the 3/15 -cc (which I’ve now bought back) I had bought the 3/15. 185 puts..they aren’t up as much as I thought they would be, but I’ll hold them till closer to $180 to get a bit more out of them.
Frankly, I’ll look at 3/15 and May 210/220 call ranges since they are getting very cheap. We could drop, then bounce after friday going into next week.
Frankly, sadly, happily, I’m managing four 7F positions in NVDA, MSFT, LLY, AVGO at the moment so TSLA for me is a coffee break exercise.
thenewguy1979
"The" Dog
This is what I think dl003 will say:
1. It pump and you guys think it goes to the Moon...
2. It dump and you guys think it the end of days.... how sentiment change.....
Don't shoot the dog. JK
1. It pump and you guys think it goes to the Moon...
2. It dump and you guys think it the end of days.... how sentiment change.....
Don't shoot the dog. JK
I'll save my sanity and only post when something drastic is about to happen. Until the noises in here die down, I'll avoid adding to it.
SpeedyEddy
Active Member
Yes, SMCI NVDA and crypto are being attractive (into a rugpull) and some people need money for that. The same kind that were pulled into buying TSLA
Ford Stock Jumps on Strong Month of EV, Hybrid Sales — Barrons.com
Al RootFord Motor's strong February is boosting its stock.
Ford reported February sales numbers for the U.S. on Monday. The company sold 174,192 units, up 10.5% year over year. Sales of all-electric vehicles totaled 6,368 units, up some 80% compared with 2023. Hybrid vehicle sales hit 12,045 units, up about 32%.
Battery electric vehicle sales accounted for about 3.7% of total sales, up from 2.2% a year ago. Total electrified vehicle sales — all-electric vehicles plus hybrids — accounted for about 10.6% of total sales, up from about 8% a year ago.
Investors are pleased. Ford stock was up 4.5% at $13 a share in midday trading. The S&P 500 and Dow Jones Industrial Average were down 0.1% and 0.3%, respectively.
Ford's move comes with Tesla stock down 5.7%. Tesla is offering more price incentives in China and the U.S., which has investors worried about EV demand.
Tesla, for instance, will give U.S. buyers 5,000 miles of free Supercharging on select trade-ins through the end of March. Tesla is both the auto maker and the dealer, making it more difficult to compare Tesla's pricing actions and incentives to others.
Industry data provider Cox Automotive says U.S. auto industry incentives totaled about 5.7% of the average transaction price in January, up from 2.8% a year ago. That works out to about $2,700 off a new car at the dealer, up from about $1,400 a year ago.
Ford, for its part, sold about 25% more all-electric vehicles in the first two months of 2024 compared with 2023. That is a positive data point for EV demand, but both stocks don't always react the same way to data points. Ford and Tesla have different growth expectations embedded in each stock.
Ford shares trade for about 6.7 times estimated 2024 earnings. Tesla stock trades for about 66 times.
Through midday trading Monday, Ford shares were up about 6.5% year to date. Tesla stock was down about 23%. Weakening EV sales growth has weighed on Tesla stock, while solid 2024 auto sales have helped Ford shares.
@dl003 - you need not use the entire thread; my few posts alone will suffice. When I post that I am taking the opposite side of @BornToFly and @Knightshade on call options, that should be sufficient contra indicator (see below).
However, after a weekend that was definitely not what I had anticipated, this AM has been spent selling. Yes, I've closed out those calls at about the same time they were collecting their profits - at least those very minor $ losses went to such esteemed folks). More importantly, this morning I have also sold the vast majority of my TSLA shares this AM, keeping just a few thousand shares that reside in a separate account. Certainly you can consider that a contra-indicator that the share price will rise after today's drop, but the next few weeks / months (TBD) I will be stepping away from TSLA. GLTA!
...
...
...
"Hello from the other side..." <of that trade>
Not sure I expect $215 next week or not...but we shall see.
thenewguy1979
"The" Dog
Talking about confident Max mentioned STO -200P this morning.
My STO -192.5 hindsight was too fast. Waiting it out for DCB and see.
Maybe after it's added to the S&P500 on March 18th, until then it will probably be front-run and bid up - were you around for the TSLA inclusion? What a time that was to be alive and an early shareholder!
thenewguy1979
"The" Dog
No doggy was not born yet (referring to the exposure to the market and TSLA)
Guess we will see it continue to go up and up till then with splits......
Are you selling into the the AI pumps?
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