Wow, $399. That’s gonna leave a mark
maybe MSFT and Alphabet will join in on the fun tommorow......
When volume moves that much, and share price doesn’t - that’s a LOT of short covering. Just sayin’maybe MSFT and Alphabet will join in on the fun tommorow......
Then they puts all the money into TSLA and SP pump to the Moon
180million shares traded today.
I was on the same path until I was too deep into the first spread, the second I managed to get out with little pain. Add 2 zeros and a negative, that's my loss this week. But I sleep good now.
And M3 turning radius is lousy. I have a pre-ad blue GL that can make a tighter cut for parking, k-turn, u-turn. We love '18 M3D , just has some odd steering character. Maybe Highland better, TL;DR
Not going to sell these puts. I’ll hold a few more days or week. They are for May/june. I think there is more $$ in them to be had
You could make a 3-door Model 3-ish car, about 12" narrower wheelbase, leveraging the existing design of the end structures of the Y; industrialization of the unique parts at about 16 months is viable. You have to be working on a pocket design though that has been sitting in a file. You need to cut out about $5k in BoM and $1k in assembly cost to make it work; half of that is easy, the other half takes some finesse, and it might take some time after the initial production to get there.
The SP move up after a pretty bad ER looked to me like shorts covering after assuming Tesla has given up on lower priced models.
To reduce risk of capital loss, i decided to move from spreads to DITM CC with high delta. This makes me less immune to directional risk since i am hedged almost delta-neutral. Profit is the low extrinsic but i have deep downside protection. In exchange for this protection and predictable return, i give up the right to profits if sp shoots up, and that is ok. In today's market, that is less likely to happen anyway.
