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

[Aeon]

looks like roughly 2 million shares dumped within 5 min to push the price down $10

Somebody needed a cheaper price to buy more QUICK!

 

[Unpilot]

looks like roughly 2 million shares dumped within 5 min to push the price down $10

My limited understanding of profit taking is you don't sell in such huge chunk's.
@Papafox this looks like some heavy manipulation.

 

[KarenRei]

Nice profit taking this morning. Thankfully there's an ER in a couple weeks ED: By the time I finished writing this post, it had gone up from $483-$490, so not so bad at present!

Based on how it looks so far, I really timed things well today. I hadn't gone as far on deleveraging yesterday as I wanted, so I sold an ITM call spread when the SP was around $497-$493 (bottom-top respectively), bought its replacement when the SP was around $494-$495 respectively, and used the profits to buy a $400 Jun put hedge for newly-acquired stock (not hedging my call spreads, of course), right before the price jumped down.

I expect to lose all of my money on that hedge for my stock, of course. It's an insurance policy.

 

[Unpilot]

Already being bought back up.

 

[Artful Dodger]

Don’t be silly. I have it under good authority there will be a sell off BUY WALL at $485ish.

FTFY

 

[humbaba]

Yep.

If you have an average short "buy-in" of $280, you're already looking at 75%+ losses in your position. (20% to 5%)

His covering is forced to prevent losses of over 100%. He is just a lying slimeball, his broker covered all the positions entered under $280.

I just can't help wondering if that occured at... oh, say, around 11:30 yesterday.

 

[Cherry Wine]

Paging @Cherry Wine

How's that order book looking at the $500 level? ie: how tall is this hill? TIA.

Cheers!

Pretty tall at the moment.

 

[spacekadet]

Pretty tall at the moment.

View attachment 498226

Where can you get this information? Thanks.

 

[KarenRei]

Should be going up, adding another Musk to the universe.

Yeah, but you have to depreciate that asset over ~2 decades before you can start to expect returns...

 

[KarenRei]

Volume is nuts. Again.

 

[LST]

Can anybody explain what the squeeze could look like? I did some reading on the VW/Porsche squeeze which was a result of massive options being accumulated by Porsche which lowered the shares available to trade to lower than the short interest. How does that compare to the current situation? Did short interest get released yesterday? And what is the available float now?

It does not compare..
has been discussed here every other month, back & forth

 

[Pezpunk]

stock ticker taking the really, really long way from west to east today.

 

[KarenRei]

It does not compare..
has been discussed here every other month, back & forth

Nor is anything again ever likely to compare, so it shouldn't be used as a comparison point. They barely got away with it at the time. Lawsuits against VW and Porsche were still ongoing a decade later.

 

[cricketman]

stock ticker taking the really, really long way from west to east today.

This is fun! I've picked up a couple of TSLA shares on every MMD for the past month

My goal is to own 1/100,000 of Tesla, getting close now!

 

[Tslynk67]

My interpretation of today’s action is that there’s a lot of profit taking, and a lot of willing buyers snapping up those shares.

 

[ReflexFunds]

Could one of you explain to an options newbie how the percentage of selling tagged to shorts can be 60% day after day after day? On the face of it, it seems like they should run out of ammo after a certain number of days of that.

I think the majority of volume in Tesla stock every day is options market makers adjusting their delta hedge position through the day as the price moves and as their option contacts open and close.
There is also likely a significant % of volume from equity market makers and short term traders.
So most volume is likely essentially the same shares changing hands over and over again.
I doubt there is much volume from real long term investors each day.
This is why a new buyer of a few million shares or a few million shares reduction in short interest have a significant impact on share price.

 

[LN1_Casey]

Volume is nuts. Again.

They're trying really hard to push the stock down. But it just won't squish.

 

[TheTalkingMule]

These impotent morning dips are just cute as a button.

 

[TheTalkingMule]

10 million shares.....in an hour.

 

[Prunesquallor]

Covered his position from 20% to 10% to 5%

Teslaconomics on Twitter

“Trading Sardine”?