Social Chat - Short Term TSLA Movements

[TSLAopt]

2015 $200. I think I saw that post as well. I faintly remember that the premium of those far otm options didn't reflect the volatility of the stock and the stock was hovering around $100 at the time. The premiums were like $10 or something. I suspect the person and his brother were experienced options traders though.

Someone could have bought just a few 35 or 40 strike LEAPs over a year ago(which I know many people were dong with TSLA), then at the start of the short squeeze about a year ago converted them all to a lot of cheap 6-month out 75 call options and made a fortune just from those two option trades alone. I know someone who made about a 10,000% return on their 4k IRA acct from doing this trade-up, it's a gamble but can pay off. They also say they bought a bunch of Jan 2016 250 LEAPs for about $15 each in Nov.

 

[Lump]

"Mr. President, mind if I plug my car in? I need a charge!" :wink:

 

[Lessmog]

Cheeky, carrying a Union Jack purse to a State Dinner honoring the President of France.

Did you notice that Elon is carrying what looks like a billet d'amour - wonder who for?

Edited: Of course, it's a charge card. D'uh. :redface:

 

[SteveG3]

What the first stock?

Dave, the first stock was Celgene. I don't own it anymore, but it would have huge swings like Tesla. After a couple of years of getting annoyed at baseless drops, I developed that strategy of buying extra shares whenever I thought it entered silly undervalued territory, and I had many years of some nice trading gains on top of core share appreciation. I do this less with Tesla to try to let me focus on life outside of the stock market (which can be a challenge with such a compelling company as Tesla).

 

[justthateasy]

I said this yesterday:

Glad to see TSLA back up. However, I have to admit that a part of me would prefer it if TSLA didn't finish above or anywhere near 200 today and resembling a hanging man candlestick. I'll even settle with finishing flat or even down a couple of points. The biggest reason is with earnings next week, I don't want to see the stock price run up into earnings with any kind of price baked in and expectations so high.

Perhaps I'm still snake bit from Q3 earnings along with all those times I saw stocks like AAPL experience a run up like this before earnings only to see all of last month's gains disappear over night.

With TSLA trading flat today, I'm feeling a little more comfortable going into earnings next week.

 

[DaveT]

We sure could use some NHTSA good news soon.

 

[emupilot]

We sure could use some NHTSA good news soon.

I don't know if there is alot of upside since I think good news is the expectation, but it would probably be best if it came out after the quarterly report, since that is the 800 pound gorilla in the room right now.

 

[FredTMC]

We sure could use some NHTSA good news soon.

+1!

 

[sleepyhead]

On Wall St. it goes from Analyst to Associate to VP to Director to Managing Director. And then you have to higher up positions after that.

VP is like a middle of the road position, but it is a lot more lucrative than being a very high up person in a normal company. Some VP's can still make over a million dollars per year, and virtually all of them make more than $250k.

Banks pay a lot, because you work extremely long hours, such as 100h/week sometimes and a minimum of 70 hours per week, and some positions a minimum of 80 hours per week.

 

[Cameron]

We sure could use some NHTSA good news soon.

I'm thinking Elon has the results already and is going to release them during earnings, and because he's waiting till earnings they must be something special. Something more than just "no recall" but also a comment from the NHTSA that because of the batteries the metal objects were not able to penetrate the underbody thus saving the drivers lives, and they intend on implementing new laws that require all cars to have batteries on the bottom and be electric ..

..okay so maybe I got a little carried away :smile: I do think Elon will release them during earnings though.

 

[Chickenlittle]

We sure could use some NHTSA good news soon.

I looked back and investigation started or at least announced nov 19. Funny coincidence that report is exactly three months after that.

 

[FluxCap]

On Wall St. it goes from Analyst to Associate to VP to Director to Managing Director. And then you have to higher up positions after that.

VP is like a middle of the road position, but it is a lot more lucrative than being a very high up person in a normal company. Some VP's can still make over a million dollars per year, and virtually all of them make more than $250k.

Banks pay a lot, because you work extremely long hours, such as 100h/week sometimes and a minimum of 70 hours per week, and some positions a minimum of 80 hours per week.

Yep, and for junior analysts / associates those hours can mean working the equivalent of two $40k a year jobs every week, which you could also do working at, you know, Kinko's or something. Had many friends in b-school who told me of the meat grinder on the Street. Can be lucrative, but not before you put your time in I guess.

 

[vgrinshpun]

I think that at this point NHTSA announcement most likely will come after ER, it is unlikely to be released just three business days before the call. The release week or so after the ER might be very beneficial in sustaining the rally...

 

[FredTMC]

I think that at this point NHTSA announcement most likely will come after ER, it is unlikely to be released just three business days before the call. The release week or so after the ER might be very beneficial in sustaining the rally...

Agreed. At this point it'll happen after ER. Yep, this can help sustain TSLA post ER.

 

[emupilot]

Unless there is some news of which I am unaware, it looks like TSLA's antics this morning are just exaggerated tracking of NASDAQ.

 

[FredTMC]

Unless there is some news of which I am unaware, it looks like TSLA's antics this morning are just exaggerated tracking of NASDAQ.

thats my view. There seems to be a rotation back into previous momentum stocks (FB, NFLX, PCLN, TSLA...)

 

[Robert.Boston]

Moderator's Note: I've shifted some war stories into a new thread suggested by AustinEV: 2013 Trading war stories

 

[Curt Renz]

The San Francisco Chronicle, May 31, 1896: The San Francisco call. (San Francisco [Calif.]) 1895-1913, May 31, 1896, Page 27, Image 27 « Chronicling America « Library of Congress

"The era of the horseless carriage is coming as sure as the era of good country roads. The champions of the horse may poohpooh the idea and assert that pleasure loving man will never surrender the steed of flesh and blood to a mere piece of twentieth century mechanism..."

 

[anticitizen13.7]

Whoa… holding steady over 200 now.

 

[DaveT]

The San Francisco Chronicle, May 31, 1896: The San Francisco call. (San Francisco [Calif.]) 1895-1913, May 31, 1896, Page 27, Image 27 « Chronicling America « Library of Congress

"The era of the horseless carriage is coming as sure as the era of good country roads. The champions of the horse may poohpooh the idea and assert that pleasure loving man will never surrender the steed of flesh and blood to a mere piece of twentieth century mechanism..."

Fun read, Curt. Thanks.