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

[HG Wells]

Yup, I got 100 warrants for some change in my couch... if it's worthless eh I'm out a nice dinner out, if it turns into a real thing it's a nice lottery win.

DPHC DPHCW (Will become Lords Town Motors RIDE)
The warrants are trading at about 4 and the stock at 14.
Cant find info on what the warrants entail.

Bought 10 of each as a placeholder.

 

[Sudre]

I find it interesting that the options for the most part stop at a strike of $2000. From there it's pretty much a steep jump. What does that mean for THEM. I don't think they can push it down <$1900 where they probably want it. Something has to be going on behind the scenes since it appears to me THEY aren't even trying. I am thinking the large volume in $2000 strikes Calls is because THEY bought back as many as people would sell. In the big scheme of things a close above $2000 is only a few BILLION extra down the drain for them.
Max Pain is $1700 in the 2.7B! range. (I am sure that was pushed up today)
$1970 a bit under 5B.
$2000 is a little over 5B.

What's a few billion among friends right?

Am I reading that right?

Them's some big numbers!

I am half expecting a big push down tomorrow because those billions are adding up fast. There has to be big fish swallowing the shares up. No Robinhooder is buying up billions in shares.

 

[JRD1]

DPHC DPHCW (Will become Lords Town Motors RIDE)
The warrants are trading at about 4 and the stock at 14.
Cant find info on what the warrants entail.

Bought 10 of each as a placeholder.

https://sec.report/Document/0001213900-19-023400/
Look at:
Note 4 pg 10 "exercisable to purchase one share of Class A common stock at a price of $11.50 per share"
Note 7 pg 12 "expire five years after the completion of a Business Combination or earlier upon redemption or liquidation"

Says 2/22/2024 expiration when I look up a quote

 

[EV forever]

I am just thinking inside the bottle (outside the box).
Actually I drink one day a week...Friday, with friends.
I wish it was Friday. If the stock finishes anything over $1800 this week Tesla will be a topic I will bring up. I was very forceful a friday a few weeks back trying to get a close friend to start ROTH 401's for his 2 kids using TSLA at $900/share. I told him he'd seem way cool to his kids when they found out their old man bought TSLA back when it was a "struggling" company. And it was the leader in solving the world's energy problems.
Then again he took the family to Las Vegas 2 weeks ago, and I told him to go in the Desert at night with his two kids (early teens) and show them the Meteor because it would "time stamp" their lives to his. And he didn't. Meteors and Solar eclipses...things to measure time by.

Can you open a Roth for your kid if they don't earn anything? I was reading the rules yesterday, and the article said that parents can gift an IRA to their children as long as the contribution does not exceed the kid's earned income. My kid is in college and has no income, can I invest for a ROTH in his name?
Second question - Our income level is too high to qualify for ROTH. Our son is dependent on our tax returns. Would he qualify for a ROTH?

Completely related to TSLA since 100% of that investment will be in TSLA

 

[FrankSG]

That's what I'm seeing. Minus the Biden speech being a catalyst - this kind of buying looks to me like somebody that knows they're going to be buying a lot of shares tomorrow, and getting option positions in place ahead of time looks like a great way to benefit from that buying.

The 78k 2000 call trades makes the 30-40k 2050's and 2100's (each) look 'small'. Something like 150k trades - if those are all represent net new positions, covers 10.5M shares; that's about 5% of TSLA shares outstanding. I really don't expect that those 150k trades ALL represent net new positions, but it's still a huge amount of volume (and I suspect more than 1/2 represent net new positions).

The 2100's aren't being bought thinking we'll got $10 or $20 in the money - I expect they are looking for $100 or more ITM (based on that previous "bull raid" (my term) we had a month or so back with the $200 move on a Friday).


If only I had the courage of my convictions, along with a better than bad ability to predict direction, magnitude, and timing of the share price. (Make your own decisions, take your own consequences; my own conviction leads me to "do nothing")

Disagreed because I don't believe anywhere close to 50% of an option's volume will be added to open interest. Usually I see open interest end up closer to 20% of volume, and that's total open interest, not increase in open interest during the trading day.

A lot of the option volume is simply day trading, and because most option trades have a market maker on one end of it, 1 sold option and 1 bought option will often result in no change to the open interest.

 

[FrankSG]

Including Green Pete.

I hope some of you also took me up on my "not advice" for june 2022 1500 strike when they were 36 bucks in March.

Got the Jun'22 $1,400s for $64.486 in April

 

[ggr]

Mkt Cap: TSLA / TM = $373.065B / $189.627B = 196.74%​

Just a couple of percent up tomorrow, and Tesla will be twice the market cap of the #2, Toyota! (Or a couple of percent down for TM.)

 

[Words of HABIT]

I'm heading to Home Depot for lumber, building Elon a shrine in my living room if the announcement is dropped today.

Oh, so this was you then!

 

[DFibRL8R]

Can you open a Roth for your kid if they don't earn anything? I was reading the rules yesterday, and the article said that parents can gift an IRA to their children as long as the contribution does not exceed the kid's earned income. My kid is in college and has no income, can I invest for a ROTH in his name?
Second question - Our income level is too high to qualify for ROTH. Our son is dependent on our tax returns. Would he qualify for a ROTH?

Completely related to TSLA since 100% of that investment will be in TSLA

Yes you can open for minors but they need earned income. I pay my kids for household chores etc and that is their income.

Also, you can contribute the max to a traditional IRA (post tax money) and immediately convert it to a ROTH regardless of your income. It then grows tax free like a ROTH (unless they change the rules some day...)

 

[Knightshade]

https://sec.report/Document/0001213900-19-023400/
Look at:
Note 4 pg 10 "exercisable to purchase one share of Class A common stock at a price of $11.50 per share"
Note 7 pg 12 "expire five years after the completion of a Business Combination or earlier upon redemption or liquidation"

Says 2/22/2024 expiration when I look up a quote

Yup...soon as I heard about the Lordstown deal I looked to see if options were an...err... option...to get a cheap leap or something just in case- they weren't, but warrants just as good so grabbed 100 for like $2.50 each...they're about 4 bucks now and have sat there a couple weeks now... figure by 2024 they'll either be worthless, or worth quite a bit- seemed worth taking a shot since the investment was only like 1/6th of 1 share of TSLA at the time.

While I expect Tesla to continue to lead in EVs for a long time, SOMEBODY else is gonna have to sell some decent ones eventually and I'm pretty sure it's not gonna be a legacy company at this point (and it's about 98% unlikely to be Henrik, and sure as *sugar* it's not gonna be Trevor- and Lucid and Rivian look interesting but privately held) so why not toss a couple bucks into a lottery ticket on some folks that look vaguely legit?

 

[willow_hiller]

A little bit of FUD fighting material, the next time you see someone say "Tesla Service is horrible! You should buy a Hyundai Kona!"

My KonaEV Service Department Saga : KonaEV

 

[PlaidCPA]

Yes, Thank you Green Pete! Those are the ones I bought on the same day you posted that (9/3/19). Whoever was selling those was dumber than Mark Spiegel.

Errr, wait...Maybe it was Mark Spiegel!

Fate loves irony

https://twitter.com/thirdrowtesla/status/1224183807420571648

 

[Todd Burch]

It's curiously satisfying to see TSLA soar past your birth year and keep on going.

I am from the future. I was born in $3899.

 

[capster]

For those of you thinking about retiring and buying an island or something, you may not need to sell shares right away to do so.

There is something called an "asset depletion loan" https://blog.massmutual.com/post/how-to-get-a-mortgage-during-retirement

Not advice, just something I happened to stumble across in my, um, travels.

edit: Oh and, by the by, money doesn’t seem to get much cheaper than it is these days. Just an observation, again not advice.

 

[JustSaying]

https://twitter.com/alex_avoigt/status/1296558373354254338?s=21

View attachment 578791
Word.

In my simple mind the best thing about having money is not having to worry about money accordingly now you can do the stuff you are passionate about.
Time is our most valuable asset and a few extra bucks will allow you to follow your passion.

 

[Krugerrand]

Can I have her phone number? She seems to be the mastermind here.

You can find her on ChristianMingle.com.

 

[Krugerrand]

Does she know how many lives you've already used up?

She speaks the word of The Universe; of course she knows.

 

[EV forever]

Yes you can open for minors but they need earned income. I pay my kids for household chores etc and that is their income.

Also, you can contribute the max to a traditional IRA (post tax money) and immediately convert it to a ROTH regardless of your income. It then grows tax free like a ROTH (unless they change the rules some day...)

Seriously? I can pay him for things like loading the dishwasher or making tea for me and put 6K in an IRA for him? Do we need to do any paperwork to show he is paid for that? We could do an immediate ROTH conversion for him afterwards for tax free growth.

Unfortunately (or fortunately?) I cannot do a ROTH conversion without paying double taxes on new contributions for myself. I rolled over a 401K from previous employer to an IRA and then invested 90% of it in TSLA, which has grown well into 7 digits now. Now if I add after-tax money to an IRA and try to do a conversion, I would have to pay taxes on the entire 6K again as it is such a minuscule percentage of the total IRA money. It is all because of TSLA of course - so this post is still related to TSLA

 

[EV forever]

Got the Jun'22 $1,400s for $64.486 in April

Wasn't that smart - but still got the June'22 $1260 for $105 on Feb 3rd, the day before 'black tuesday'. The last price today was $1011
why the strike price of 1260, because it is 3 X 420

 

[DFibRL8R]

Seriously? I can pay him for things like loading the dishwasher or making tea for me and put 6K in an IRA for him? Do we need to do any paperwork to show he is paid for that? We could do an immediate ROTH conversion for him afterwards for tax free growth.

Unfortunately (or fortunately?) I cannot do a ROTH conversion without paying double taxes on new contributions for myself. I rolled over a 401K from previous employer to an IRA and then invested 90% of it in TSLA, which has grown well into 7 digits now. Now if I add after-tax money to an IRA and try to do a conversion, I would have to pay taxes on the entire 6K again as it is such a minuscule percentage of the total IRA money. It is all because of TSLA of course - so this post is still related to TSLA

Yep, or they can earn money babysitting, mowing lawns etc. You do have to file a tax return for them which is a pain and if they earn enough there is self employment and income tax. I just did small amounts for my kids in an Ameritrade account, a few hundred dollars per year but it gets them interested in finance. Doesn’t hurt that Some of was invested in TSLA of course!