Short-Term TSLA Price Movements - 2013
- Thread starter Robert.Boston
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Rode it from 39 to 84. Just unloaded my initial investment. Have more money leftover. Not bad for <90 days.
Between that and getting my S delivered this morning I'm smiling like I got away with something.
Between that and getting my S delivered this morning I'm smiling like I got away with something.
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carrerascott
FUEL FTR
Out today, will wait for a dip. Could miss out, but don't want to get too greedy. Already paid for my S an then some......
What does everyone think of Jun13 40 Puts? High open int and this stock will have to correct in the next 4-6 weeks, I'd assume. Thoughts?
deonb
Active Member
A correction is prudent, but a correction isn't going to go below $40 unless there is specific negative news.
I'd think you'd be better off playing blackjack. If it was pennies, absolutely, but it's over $2.
Where do you see that? The bid/ask is .05/.15 on my end. Thought it'd be a cheap entry for a impeding correction in the next month. No it won't go all the way to $40 but it will correct a significant %-age from it's current levels.
mitch672
Active Member
I agree with deonb, if you want to place a bet on a lower stock price, I think I would go out past the next earnings report which would put you into the Sep13 Puts, that would at least give you more time in case the earnings disappoint and that causes the stock to drop.
I myself was think of selling some $110 covered calls, nice premium on those SEP13 $110's ($7.20 right now), so it would be like selling the stock for $117 or so (most likely you would keep the premium or could close out the call for less if the price dropped)
OK, but unless it goes all the way to $40 you lose all your money. The closer you get to expiration the less time value there will be, so unless is corrects sharply soon I can't seem them ever being worth much money. Not enough potential gain to justify the risk, IMO.
Citizen-T
Active Member
Only if you hold to expiration. You could close your position out for a hefty profit prior to expiration if there is enough of a drop.
Russell
Supporting Member
Hi, I'm new here. I bought my tesla stock in November 2011 and added a few options in the last weeks. I am very happy how things are going. 
Great forum! I learned a lot and my confidence in the stock was reinforced over and over again. Thank's a lot to all folks here!
The last few tuesdays the stock dipped, maybe it has to do with some option-anomalies discussed in another thread, that happen usually on tuesdays...?
I am now unsure whether to sell my short-term-options today or not...
Does anyone have any idea about that?
Great forum! I learned a lot and my confidence in the stock was reinforced over and over again. Thank's a lot to all folks here!
The last few tuesdays the stock dipped, maybe it has to do with some option-anomalies discussed in another thread, that happen usually on tuesdays...?
I am now unsure whether to sell my short-term-options today or not...
Does anyone have any idea about that?
Not if the drop happens too close to the expiration and doesn't get close enough to the strike value. As I said, the time value decreases as you approach expiration, so unless is corrects sharply soon there's a chance you may never make money on the options even if there is a correction.
By end of trading today we would have traded nearly 70MM shares of TSLA since the earnings report. I suspect this is the peak. No way to know for sure. But I would be surprised if tomorrow is another 10%+ opening day.
Citizen-T
Active Member
Daniel Scherer
Junior Member
FredTMC
Model S VIN #4925
Norse
Active Member
Citizen-T
Active Member
What I love about this is that every day a bunch of new shorts jump in thinking they can call the top of this thing, just to get run over.
Think about the shorts that opened positions on Friday morning. That was a perfectly reasonable trade. The problem is, it's only two days later and that whole set of traders is going to be getting their margin calls in the morning. We don't even need to burn off the original backlog of shorts. This thing can be fed by the ones that are late to the pain party.
Think about the shorts that opened positions on Friday morning. That was a perfectly reasonable trade. The problem is, it's only two days later and that whole set of traders is going to be getting their margin calls in the morning. We don't even need to burn off the original backlog of shorts. This thing can be fed by the ones that are late to the pain party.
Norbert
TSLA will win
Wow, it not only held up at that high level, but climbed higher and higher. That's a good bit more than "even" I expected!
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