Short-Term TSLA Price Movements - 2013

[Convert2013]

Kinda hurts my feelings to be down two days straight when the market is up at the same time.. :-(

 

[Fast Laner]

@redharel
Trading TESLA the way you would like to see won't get you the money to buy them shares.

 

[redharel]

Trading TESLA the way you would like to see won't get you the money to buy them shares.

sorry but i'm not following you, please explain

 

[aznt1217]

sorry but i'm not following you, please explain

He's essentially saying separate your heart from your mind. Everybody wants to see Tesla lower so they will get in, but the funny thing about us humans is we have a tendency to exaggerate. Once Tesla dips, you are going to set an even lower target. It's just standard behavior. When the price goes up we have a bias to prop up our targets (if we have the stock/interest). All of these sentiments mean nothing till you press the button. It's standard behavioral finance.

Set up your stops based on facts and trade on that.

 

[redharel]

He's essentially saying separate your heart from your mind. Everybody wants to see Tesla lower so they will get in, but the funny thing about us humans is we have a tendency to exaggerate. Once Tesla dips, you are going to set an even lower target. It's just standard behavior. When the price goes up we have a bias to prop up our targets (if we have the stock/interest). All of these sentiments mean nothing till you press the button. It's standard behavioral finance.

TSLA is not an issue for me chosing trading or investing but the all market itself.
i don't want to see TSLA lower and as far as i concern they can hit 1000$ but don't expect me to invest in something that the market value more then i do. again i repeat it's not about TSLA but the market as a total, it's overvalued as far as i concern and i'll wait for it in a lower levels.

Set up your stops based on facts and trade on that.

but i do

 

[FredTMC]

Over $170 now on spiked vol... News?

 

[Citizen-T]

Over $170 now on spiked vol... News?

Goldman Sachs just added it to some buy list.

 

[redharel]

should we return to the price manipulation issue???

 

[DJ Frustration]

It's the realization that the rumor about a cap raise is false. Look at the timing of my last post.

 

[Citizen-T]

Goldman Sachs just sent out an email to all their clients saying that TSLA has been aded to their "buy-in" list.

 

[kevin99]

I can't believe it. My limit order to sell to open sep2(weekly) call @170 for $6.5 get executed! And it was the absolute high of the moment. It is at $5.3 now. You can calculate my gain of the 200 calls, just on paper:

This is the first time I ever execute an option trade at the best price, so I am a bit excited. For option, you always suffer the ask/bid split a lot more severe than the shares. Typically as soon as the trade executed, you would already incur a loss immediately.

 

[redharel]

hello SEC is someone there hello?!
yesterday offering, today price raise, well somebody have fun here

 

[Citizen-T]

hello SEC is someone there hello?!
yesterday offering, today price raise, well somebody have fun here

Information is just trickling in. Looks like there was some confusion. People thought that GS was recommending that clients buy TSLA. This is not the case, the buy-in list is somehow related to lending of shares. False alarm. Looks like the market quickly corrected after it realized the mistake.

 

[redharel]

I can't believe it. My limit order to sell to open sep2(weekly) call @170 for $6.5 get executed! And it was the absolute high of the moment. It is at $5.3 now. You can calculate my gain of the 200 calls, just on paper:

you are a lucky devil...
24,000$ in 5 min that's not a bad day to say the least

- - - Updated - - -

Information is just trickling in. Looks like there was some confusion. People thought that GS was recommending that clients buy TSLA. This is not the case, the buy-in list is somehow related to lending of shares. False alarm. Looks like the market quickly corrected after it realized the mistake.

confusion my (beep)

even if GS banker will spend the rest of their life in alcatraz prison it still won't be enough punishment for their crimes

 

[DJ Frustration]

Me thinks we're in for another delivery surprise after Q3. On the Delivery Update thread, they are reporting VINs in 21,400 range for end of September delivery.

 

[gaswalla]

it's only a surprise if you're not on TMC

 

[Causalien]

I can't believe it. My limit order to sell to open sep2(weekly) call @170 for $6.5 get executed! And it was the absolute high of the moment. It is at $5.3 now. You can calculate my gain of the 200 calls, just on paper: This is the first time I ever execute an option trade at the best price, so I am a bit excited. For option, you always suffer the ask/bid split a lot more severe than the shares. Typically as soon as the trade executed, you would already incur a loss immediately.

So what made you start shorting TSLA?

 

[DaveT]

I can't believe it. My limit order to sell to open sep2(weekly) call @170 for $6.5 get executed! And it was the absolute high of the moment. It is at $5.3 now. You can calculate my gain of the 200 calls, just on paper

Hi Kevin, just curious can you share your exit plan if the trade goes against you (ie., what's your stop loss)?

 

[Convert2013]

it's only a surprise if you're not on TMC

So when are you changing your username? Gaswalla means someone who deals with Gas and gas cars in this case.. ;-)

 

[kevin99]

Short-Term TSLA Price Movements

Hi Kevin, just curious can you share your exit plan if the trade goes against you (ie., what's your stop loss)?

Sure Dave. It is all about hedging, ie now that TSLA has come back to $170 level, this particular trade does not have the same gain when TSLA drops, my overall balance actually increased quite a lot due to my other long position. If TSLA continue to rise, my gain will be less but still the gain overall will be handsome.

As I stated earlier, my overall position is moderately long. So it is not a simple short.

It happens I like to catch these inexplicable daily Significant turn. Sometime it works in my favor sometime it doesn't. But doing short options gives me extra cushion because of the time vale decay.