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

[dgodfrey]

Well, keeps me off the streets. Seriously though, I have several 100's $TSLA in my core account, I sell covered calls against those and buy more. That's a good use of the capital and increases my long position.

But more fun is the trading account, which is totally separate. And with the depth of knowledge we have here, combined with the options charts... well it's a license to print money, basically. I earn a good whack in my day job, but I'm pulling in 2x more from trading.

In fact I'm aiming at giving up the day-job, but figured I need at least double the current trading capital to make that happen. Plus maybe $TSLA to go 2-3x where it is now so the wife can buy a fancy house, which would then save us monthly rental payments.

What a change from June 2019, eh?

I hear ya. I've been doing the same thing for 6 months and when I showed it to the pretty lady in my avatar, she suspected it was illegal. It's a steady stream of income from an asset that I most likely will never be the beneficiary of so I let it work for me.
And with the SP at these numbers, a single CC sold, averages about $300/week when using expiries with little to no risk of being called away. And if we have that white swan event, making an obscene profit isn't so bad really. Just wait a few days and buy em back.

 

[adiggs]

Sounds like there's a lot more people here selling far OTM options for a bit of dividend on this otherwise non-dividend paying stock. More than I thought or expected. My only regret is I didn't start until this March - I've been around here for 8 years!

 

[Tslynk67]

Giving up Day Job? Make sure you can make it work for a few other Stocks.

Once TSLA goes to S&P, Stock is going to be more stable and Volatility is also gonna stabalize. cheers!!

Yeah, see how it goes, but it's a pretty position to be in, not quite there, but getting a sniff of financial independence is highly liberating.

BTW, in case any wonder - the reason I don't use my grossly-inflated trading account to buy $TSLA is that it's a legally separate entity under my company, on which I'll have to pay taxes, so my goal is to just keep making as much money as I possibly can.

My core account is a personal one, so free of capital gains taxes here in Belgium. Did you hear - free of taxes!!

 

[Tslynk67]

Markets taking a bit of a dive, any known reason?

 

[viridi]

Markets taking a bit of a dive, any known reason?

Seems to be news about Apple closing some stores due to Covid concerns.

 

[Singuy]

Giving up Day Job? Make sure you can make it work for a few other Stocks.

Once TSLA goes to S&P, Stock is going to be more stable and Volatility is also gonna stabalize. cheers!!

Lol tell that to Amd

 

[adiggs]

Markets taking a bit of a dive, any known reason?

How about "it's about time"? It's not much of a dive (yet) that I see, but the disconnect between the economy and the stock market (as two broad aggregate things) is distressingly large. I realize that the tech industry in particular seems to be immune to the disconnect, and might even have their market cap and economic activity linked in a somewhat reasonable fashion, but that just makes the rest of the disconnect that much larger and obvious.

 

[SO16]

How about "it's about time"? It's not much of a dive (yet) that I see, but the disconnect between the economy and the stock market (as two broad aggregate things) is distressingly large. I realize that the tech industry in particular seems to be immune to the disconnect, and might even have their market cap and economic activity linked in a somewhat reasonable fashion, but that just makes the rest of the disconnect that much larger and obvious.

So are you saying we should sell everything now?

 

[Tslynk67]

Seems to be news about Apple closing some stores due to Covid concerns.

Hmmmm, "Fred Imbert"...

 

[MaChiMiB]

Uff, that was close! BMW and Daimler ALMOST catched Tesla on autonomous technology! Luckily they ain't got money for that right now and ended their few months lasting software alliance. They will surely rely on startups like Mobileye and co and still have no idea how to survive in a world where software is the product.


BMW to cut 6,000 jobs and slam brakes on Mercedes self-driving alliance amid Covid-19 impact

 

[mekberg]

Well, keeps me off the streets. Seriously though, I have several 100's $TSLA in my core account, I sell covered calls against those and buy more. That's a good use of the capital and increases my long position.

But more fun is the trading account, which is totally separate. And with the depth of knowledge we have here, combined with the options charts... well it's a license to print money, basically. I earn a good whack in my day job, but I'm pulling in 2x more from trading.

In fact I'm aiming at giving up the day-job, but figured I need at least double the current trading capital to make that happen. Plus maybe $TSLA to go 2-3x where it is now so the wife can buy a fancy house, which would then save us monthly rental payments.

What a change from June 2019, eh?

What’s your trading strategy?

I’m just a buy and HODL guy right now but I’m curious about trading.

 

[computerchuck]

I have three covered calls today for $1005 - always best to take one step above the likely close price, just a little insurance in case the SP creeps above $1000 at 15:59:59

Lycanthrope, you are having quite the effect on me right now.

Just placed a covered call options trade, near the money, 30 day. Fingers crossed! Have a buy order at $990, to help cover.

 

[Tslynk67]

What’s your trading strategy?

I’m just a buy and HODL guy right now but I’m curious about trading.

One account HODL, the other LEAPS and selling puts/calls...

HODL account is 5x since inception (2015), trading account is 90x up since September.

So yeah, both have their uses...

 

[adiggs]

What’s your trading strategy?

I’m just a buy and HODL guy right now but I’m curious about trading.

You might find the "Applying option strategy the wheel" topic down in the unpinned topics interesting to learn more. If you do come visit, I strongly urge you to start at the beginning. Or at least the first page or 2 before jumping to the end. There are assumptions and pointers to outside education that provide an assumed level of knowledge about options.

If you don't already have an options education, my own opinion is you should assume there's a minimum of 30-40 hours of outside education you'll want to do. (Not advice, we all make our own decisions, etc..)

 

[PeterJA]

They still don't get it even after the ID3 fiasco. If you don't control the batteries and software, you can't compete with Tesla. And by control, I mean bring it in house.

I think VW gets it, since it was their plan before. But they can't do it.

An internal source from Volkswagen explained that ID.3’s software issues were mostly due to a lack of qualified personnel. But apart from the lack of programmers and vehicle software specialists, key individuals have also been departing from VW. Among these is Martin Hoffman, the CIO responsible for Volkswagen’s IT division, who will be leaving the automaker at the end of this month. “It’s an absolute disaster. We just can’t get the people,” the insiders said.
Volkswagen's software issues with the ID.3 are worse than reported: 'It is an absolute disaster'​

The best engineers wanna work for Elon. Here are the most attractive employers for US engineering students, according to a survey last year:

I don't see VW on that list.

 

[lafrisbee]

VW plans to share with other automakers open-source operating system

So Tesla has the power and strength to dominate the legacy companies in the next Transportation Epoch...
Well VW might be calling all the other kingdoms to come gather with them and defeat Elon(Dark Lord) in the battle of EV software...
(Starting to have a Lord of the Rings vibe?)

 

[Unpilot]

This is TSLA till close

 

[lafrisbee]

dang it. I saw it dip to $992 and went and opened my account and set an order to buy at market and by the time I hit execute the stock was back up at 998.50.
Poor poor pitiful me...but I can dream of telling people...I bought all my shares of TSLA when it was 3 digits.

 

[M|S|M MYP]

I think VW gets it, since it was their plan before. But they can't do it.

An internal source from Volkswagen explained that ID.3’s software issues were mostly due to a lack of qualified personnel. But apart from the lack of programmers and vehicle software specialists, key individuals have also been departing from VW. Among these is Martin Hoffman, the CIO responsible for Volkswagen’s IT division, who will be leaving the automaker at the end of this month. “It’s an absolute disaster. We just can’t get the people,” the insiders said.
Volkswagen's software issues with the ID.3 are worse than reported: 'It is an absolute disaster'​

The best engineers wanna work for Elon. Here are the most attractive employers for US engineering students, according to a survey last year:

I don't see VW on that list.

Nor do you see Nikola......

 

[FreqFlyer]

Problems fixed, future Model Ys should be better (again, never buy the first year) per his opinion. And yes he is a "happy" Tesla customer.

Be interesting to see Model Y compared to Model 3 sales numbers this quarter. May start to see a trend.