Does this really spell the end of the volatility/manipulations? I would guess the Funds would have a dim view of all these shenanigans with one of their own.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
It might make the volatility worse, as there will be a significantly smaller number of shares available to trade.
pz1975
Active Member
It will depend on SP and IV tomorrow, but I am thinking I want to include the actual S&P fund forced purchasing dates (Dec. 9-24 as explained above) for at least half of my calls as I expect a climb until then and then an inevitable spike during that period (and then likely a sell-off towards the end of that period and after), so I will be buying 50% Dec. 11/18 and 50% Dec. 31 calls. Strike prices I think I will do ranges between $100-200 above what the SP opens at tomorrow with the higher strike prices more concentrated in the later calls. It's hard to know until I see the real prices tomorrow though.
For Dec. 18. $100 OTM calls ($510) closed at $4.40 today and so with higher IV will probably open at $5.50 tomorrow (ie. if SP open at $450 I am talking about $550 calls). $150 OTM calls closed at $2.15 today so maybe $3.00 tomorrow (ie. $600 calls if SP opens at $450). I like those as I can load up for pretty cheap. Dec. 31 calls will of course have higher premiums and I will probably pick higher strikes.
And the other guy says it’s priced in?
God CNBC will go down with the legacy car companies if they continue this nonsense.
Holy smokes! Then Wednesday will be epic!
“One of the largest funding trades in S&P history”. I wish I fully understood the implications.
I received my Short Shorts just last week. My wife is so very happy as we also bought a Model X recently. Fun to see the Astronauts being driven in 3 Model X for the historic SpaceX launch.
It doesn't get any better than this.
It doesn't get any better than this.
pz1975
Active Member
This is way OT (especially with everything going on) but I had to post this It's a song by a band called the Rentals who I used to like in the 1990s. The main guy is one of the members of Weezer. It's actually a very cute and funny song.
How common/rare is it that the S+P would 'consult members of the investment community' as to how the addition should be made?
Seems like further evidence that they don't really know what they're doing.
Seems like further evidence that they don't really know what they're doing.
They are already dead, they just don’t know it.
YouTube is providing a platform for far more in-depth analysis than CNBC could ever hope to provide, without annoying commercials for adult diapers. It also provides better entertainment. Most young people never even had cable. I’m 40 and haven’t for well over a decade. I only have CNBC by accident with my YouTube tv subscription and I rarely watch.
mickificki
Member
Glamisduner
Active Member
Timing couldn't be worse for me, sold 30 shares @450 about a week ago. I was actually about to buy it back at $408 today when I got disctracted by contractors working on the house fixing our bathroom, then I never made the trade. I guess I will try to buy back in at a loss. Can't win them all right?
While he does admit there "could be" a squeeze, his target of $460 for 12/21 seems very naive, not accounting for retail/meme buyup and short squeeze. I also doubt that these AH purchases today are for the purpose of attenuating the squeeze—who will want to sell during the squeeze?
Dave Lee's take on this historic announcement is really worth watching. His words on the travails of Tesla over the years, the way the outsider has beaten the establishment, and Tesla being a force for good are quite emotional! Overall a great watch and a lovely way to celebrate the moment.
mickificki
Member
So true, @DaveT it was obviously an emotional moment for you. It was great to be able to fully understand the significance of this moment way beyond what the stock price is doing. Thank you for putting this in perspective.
Artful Dodger
"Neko no me"
After-action Report: Mon, Nov 16, 2020: (Full-Day's Trading)
Headline: "S&P 500 Day (at Long Last)"
'Short' Report:
Click thumbnail to zoom-in on the Main Session (b4 the A/hrs jump)
Comment: "278.6K 'short-exempt' shares reported today (unprecedented w/o uptick rule in effect). Recall the 8K Calls bought this morning? That represents 800K shares of TSLA. Huge A/hrs Volume."
QOTD: @powertoold "Boredom has been relieved."
View all Lodger's After-Action Reports
Cheers!
Headline: "S&P 500 Day (at Long Last)"
Traded: $11,428,513,326.08 ($8.06B) w. $3.90B A/hrs
Volume: 27,082,794 w. 8,613,698 A/hrs
VWAP: $421.98 inc'd $452.65 A/hrs
Close: $408.09 / VWAP: 100.10%
TSLA closed ABOVE today's Avg SP
TSLA MaxPain: $400.00
Mkt Cap: TSLA / TM $386.829B / $198.037B = 195.33%
Note: Yahoo Finance updated TSLA Mkt Cap for shares issued Sep 9th (per 10-Q)
CEO Comp. Status:Volume: 27,082,794 w. 8,613,698 A/hrs
VWAP: $421.98 inc'd $452.65 A/hrs
Close: $408.09 / VWAP: 100.10%
TSLA closed ABOVE today's Avg SP
TSLA MaxPain: $400.00
Mkt Cap: TSLA / TM $386.829B / $198.037B = 195.33%
Note: Yahoo Finance updated TSLA Mkt Cap for shares issued Sep 9th (per 10-Q)
TSLA 1-mth Moving Avg Market Cap: $395.51
TSLA 6-mth Moving Avg Market Cap: $310.87
Nota Bene: Mkt Cap for 5th tranche ($300B) likely achieved Nov 09, 2020
TSLA 6-mth Moving Avg Market Cap: $310.87
Nota Bene: Mkt Cap for 5th tranche ($300B) likely achieved Nov 09, 2020
'Short' Report:
FINRA Volume / Total NASDAQ Vol = 50.3% (50th Percentile rank FINRA Reporting)
FINRA Short / Total Volume = 52.6% (47nd Percentile rank Shorting)
FINRA Short Exempt Volume ratio was 7.61% of Short Volume (94th Percentile Rank)
FINRA Short / Total Volume = 52.6% (47nd Percentile rank Shorting)
FINRA Short Exempt Volume ratio was 7.61% of Short Volume (94th Percentile Rank)
Click thumbnail to zoom-in on the Main Session (b4 the A/hrs jump)
Comment: "278.6K 'short-exempt' shares reported today (unprecedented w/o uptick rule in effect). Recall the 8K Calls bought this morning? That represents 800K shares of TSLA. Huge A/hrs Volume."
QOTD: @powertoold "Boredom has been relieved."
View all Lodger's After-Action Reports
Cheers!
⚡️ELECTROMAN⚡️
Village Idiot
So true. Getting HW3 FSD computer installed today. Paid $8,000 for it a couple of weeks ago. Just trying to help Tesla out while they struggle through these hard times.
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