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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

Todd Burch

Voltage makes me tingle.
Nov 3, 2009
7,801
28,498
Smithfield, VA
We're watching the battle for $1000 part XVIII right now. Starting to look like one of those Superbowl number thingies. I expect we'll cross $1000 XVI more times before we clear it for good.
 
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Big Time

Member
May 8, 2020
588
3,126
Minneapolis
First chart is the "Max pain" chart. It's a series of bars where the X axis is TSLA closing price at option expiry, and the Y axis tells you how much money all the TSLA options are worth cumulatively if that closing price occurred. It's split into blue for puts and red for calls. A lot of options are sold by market makers, so the theory is that market makers will seek to move the closing price at expiry to the value which minimizes the gains from all the sold options (maximizing pain for the option buyers).

The next two charts are simply charting option open interest on the Y axis (how many contracts have been written in total) against option strike price on the X axis. Again calls in red and puts in blue.

This is good info. Thank you. Could you explain how you analyze that chart and choose what price/dates to pick? Obviously news and knowledge of upcoming things and whatnot will lead to your decision but perhaps could you put it in terms of how it would be spoken to a broker?
Would it be "Id like 10 Shares of 1500$ Call options for 60 days"??

Thanks for the help !!!
 

willow_hiller

Active Member
Apr 3, 2019
2,950
12,668
Maryland
This is good info. Thank you. Could you explain how you analyze that chart and choose what price/dates to pick? Obviously news and knowledge of upcoming things and whatnot will lead to your decision but perhaps could you put it in terms of how it would be spoken to a broker?
Would it be "Id like 10 Shares of 1500$ Call options for 60 days"??

Thanks for the help !!!

I don't personally trade options, I just use the data from the options chain to analyze the stock.

You might want to try reviving this thread: Newbie Options Trading Or starting a new one if you have more options questions :)
 

JusRelax

Member
Apr 24, 2019
862
10,964
Los Angeles, CA
Any idea which of these four categories describes the poster of this twitter poll, Lora Kolodny?

upload_2020-6-17_10-18-10.png
 

Mike Smith

Active Member
Jul 2, 2016
2,136
28,106
Toronto
Sure was a lot of excitement here yesterday regarding the ultra bullish super reversal engulfing luminescent candle of exploding ecstasy.

Can we please have another? I will take a simple cup shoulder handle rocket blast of terminal velocity.

Thanks!

Looks like that bullish engulfing candle could mark the start of a significant new move higher..
 
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LN1_Casey

Draco dormiens nunquam titillandus
Mar 6, 2019
1,997
9,928
Oahu, Hawaii
Model S Tesla - Broken Visor - Under Warranty - Tesla Offers to Glue it Back On

Someone on this post was saying that Overlord Musk is "pumping the stock" to sell the company.

Like, Whiskey Tango Foxtrot?

He clarified that he didn't own stock, so possibly doesn't follow the ins and outs like we do, but just a few weeks ago Overlord Musk did the exact opposite of stock pumping "Stock price is too high imo".
 
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Artful Dodger

"Ducimus, lit"
Aug 9, 2018
8,266
101,030
Canada
Comparing open interest from yesterday to today, it looks like someone opened about 10,000 puts at 950.
That's a steep wall to climb for MMs. Strongly supports a Friday Close at or above $950 or MMs (Put writers) pay dearly.

Let's continue to watch Options action. This was extremely helpful last week (MMs payout was a miniscule $14K after all their SP manipulations).

TSLA.Greeks.Max-Pain.2020-06-12.png

Cheers!
 
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vikings123

Active Member
May 27, 2019
1,100
8,304
MN
OT - Anybody buying ENPH lottery tickets for Friday? I bought some 5c 55 calls.

Not sure what to make of the report from Prescient. They have made these allegations before so given how much the stock has dropped it might not be a bad idea to buy some calls for next month expiry. Not advice and definitely OT.
 

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