Artful Dodger
"Neko no me"
$621.7B + $5.2B for ~7.96m shares issued on Dec 11, 2020 but not yet appearing in Google or Yahoo Finance.Market cap is now $621,000,000,000
So yeah, $627B
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$621.7B + $5.2B for ~7.96m shares issued on Dec 11, 2020 but not yet appearing in Google or Yahoo Finance.Market cap is now $621,000,000,000
I am setting up a limit on close order with a ridiculous 4 figure price on it. If it executes I'll be buying a new Roadster. If it doesn't I will continue to happily hold my shares into the future.
Lets just say the price is set to be 650. With over 100 million shares being bought at this price level, does this act like a strong support when it comes to technical or it doesn't matter?
A strategy I am adding on for tomorrow is to maximize my buying power in my margin account by closing most of my sold puts before close. Then I will buy as many as possible just OTM calls that are cheap - $0.25 or less each just before close that I could possibly exercise after hours in the case of a big spike. I anticipate this trade will be a complete loss but if the SP does spike ($25+) in the first hour in after hours trading I will exercise the calls and immediately sell them for the after hours price. This could give me profit in the range of $50-200K. I see that as worth it for a $400-600 lottery ticket.
EDGAR data source doesn't retroactively update their downloadable 'per-minute' data. There's also usually a few thousand share discrepancy between their total shares traded number and the final number reported in NASDAQ History.Close was $655.90, no?
Can't find anything wrong but I suspect calls won't be cheap. Even those expiring tomorrow evening.A strategy I am adding on for tomorrow is to maximize my buying power in my margin account by closing most of my sold puts before close. Then I will buy as many as possible just OTM calls that are cheap - $0.25 or less each just before close that I could possibly exercise after hours in the case of a big spike. I anticipate this trade will be a complete loss but if the SP does spike ($25+) in the first hour in after hours trading I will exercise the calls and immediately sell them for the after hours price. This could give me profit in the range of $50-200K. I see that as worth it for a $400-600 lottery ticket.
I am setting up a limit on close order with a ridiculous 4 figure price on it. If it executes I'll be buying a new Roadster. If it doesn't I will continue to happily hold my shares into the future.
Aside from that.... wouldn't someone keeping 120M shares in their back pocket have to be announced somewhere? I mean the purchase of this would have to be spread out since the announcement (or before.... so rumor) and at some point the amount would have to be at a level requiring a report.
Starting to sound plausible.
What are the profits of 120M shares bought at say an average price of $600 then all being sold for $675.... a LOT! I can see a few entities front running this to split up the billions in easy profits. Do you get a bonus check at Christmas for that?
My closing cross knowledge isn’t any more extensive than anyone else’s here, but the price can’t move by more than 10%, right?
So, if it’s at 650 at 3:55, it can’t go to more than 715 for the crossing price. Do I have this right, or did I make it up?
I would set a LOC order at 9.5% higher than the price at 3:55 in that case, if that was a price you wanted to sell at. The index funds are going to enter many millions of MOC orders, so it may take it up to your limit. I think that’s a fine strategy if you’re trying to play the closing cross, but I await corrections to my ”facts”.
The way I understand it is that the market can move more than 10% in the final 5 minutes, it's just that the closing cross price is guaranteed to be within 10% of the market price upon close no matter what.
It's complex, so I could be wrong, but that's how I understand it.
The way I understand it is that the market can move more than 10% in the final 5 minutes, it's just that the closing cross price is guaranteed to be within 10% of the market price upon close no matter what.
It's complex, so I could be wrong, but that's how I understand it.
The market can move TSLA to any level in the last 5 minutes of trading. It all depends on the asking price the last second before close. We know the demand (roughly 130 million shares), we don’t know the supply and their asking price. There won’t be an imbalance at closing, the whole reason S&P announced the date of inclusion more than four weeks in advance is to allow ample time to ensure enough liquidity. This is not a squeeze situation.
Agree. That’s why I will probably go $10-$20 OTM if needed. I only plan to capitalize if there is a major spike. I’m considering adding some OTM puts as well but just don’t see why the SP would drop significantly after hours unless there is a big spike just before close.Those “just OTM” calls will be more expensive because of that. We saw that in the Aug-Sep non-inclusion period, as apparent zero-value calls still had bid prices at the close on Friday. But I like the cut of your jib. Let us know how it goes.
I would think if a position that large was for holding that entity would be asking for a place on the board.What if he bought to keep them?
edit: Buffet I meant.
My closing cross knowledge isn’t any more extensive than anyone else’s here, but the price can’t move by more than 10%, right?
We see that when a buy (or sell) imbalance is announced the stock gapped up (or down) by roughly the right amount. In fact we see that about 80% of the ultimate price move into the close was priced in within 300ms (see grey box in chart 1).