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Social Chat - Short Term TSLA Movements

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Yeah, it was my mistake; I didn't know that those with 5.8.8 could lower while in park. I just took the car out and it still does not allow lowering at any speed, even after 5 min of >65MPH :redface:

Ah. No harm, i just went and took out a new mortgage on my house and put it all in Mar14 $300 calls based on your post

Seriously though I didn't stick to my plan of sitting out today as the drop for no reason today seems too good a buying oportunity to pass up. Half my cash in today.
 
I have managed to unhedge most of my TSLA calls, and have not purchased any puts or protection. I am looking for a very big move up.

Either the shorts are getting crushed or I am: I put the odds at 70/30 respectively, and I will take my chance on those odds.

Go big or go home!
 
My plan changed today. I didn't expect TSLA to drop this much the day before but half the people I know sold shares in the last week as they don't want burned again. I think people are being fearful so I am being a little greedy.

Instead of hedging my June calls I decided to add a couple ATM March calls. I got hurt last quarter so here's to undoing last quarter. If I get hurt again there's always next quarter. Rinse wash repeat until I'm bankrupt or rich ;) I read about a similar strategy in "options as a strategic investment." :wink:

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I'm equally as scared I as I was Q1 2013.

That's good, right?
 
I have managed to unhedge most of my TSLA calls, and have not purchased any puts or protection. I am looking for a very big move up.

Either the shorts are getting crushed or I am: I put the odds at 70/30 respectively, and I will take my chance on those odds.

Go big or go home!

Well, i bought my first protective put today. I am going big but wNt to keep my home. :)
 
LOL well Johan, that did coincide with the LOD for the stock so far, so not a bad time to load up (I sure did). I share the sentiments echoed above, but in the end, I think 70/30 (up vs down) is about right. I am in heavy with calls (~400K), all bets placed. Fingers crossed. Champagne on ice.
 
Crazy! How deep are you in?

what strikes are you looking at sleepy?? Better odds that a hard six or hard eight!
cheers

I had a bunch of "covered" calls short for March from $210 to $260. Last week I moved almost all of the $210 - $230s to $240+. This week I started buying back those $240 - $260.

I bought back a bunch of $250 - $260's today.

So I am riding this ER for the most part unhedged. It better be good.
 
I have managed to unhedge most of my TSLA calls, and have not purchased any puts or protection. I am looking for a very big move up.

Either the shorts are getting crushed or I am: I put the odds at 70/30 respectively, and I will take my chance on those odds.

Go big or go home!

Haha. Love it!

I'm actually pretty relaxed. Just one month ago my portfolio was 50% of what it is today. If I go back to that level it won't change a thing. I'm actually more worried about missing a big move up :)