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

[wipster]

Item #7 is whats gonna take us through the roof!!!

Is that why you think you can?

 

[Curt Renz]

The Fast Lane Car - today:

 

[Cherry Wine]

I don't see that in Fidelity. The June 2022 3500 calls are $340, so that seems like a pretty good arb option, if its real. Sell one 2022 and buy 80 2024 at the same strike price? Too good to be true.

Except the price might spike to $2,500 by Friday, leaving your 7/24s worthless, and hit $3,500 the following Friday.

 

[M|S|M MYP]

Is that why you think you can?

Can what? Stay awake or sleep in?

 

[wipster]

I think i can.....stay up until market closes..... I am not referring to the share price either.....hahahaha!!

Referring to the above...

And that's all of that before the mod kicks us off with good reason...

 

[kanweg]

Curiously, the SP is down, and has been most of the day, but my October options and 2022 LEAPS are trading up.

Does that make you suspect that it is Q3 that is profitable while Q2 is not?

 

[Todd Burch]

Hi all. Just dropping in to remind everyone that this price action is totally normal. Totally normal. Really. Normal.

 

[Curt Renz]

green

 

[gluu]

Elon Musk Poems generated by GPT3.

Elon Musk By Dr. Seuss (GPT-3)

the singularity is near, lol

 

[mejojo]

If you caught it in the $1450's then congrats, because bounced back, did it.

Come on baby, go green...

Success.

 

[Unpilot]

Another 100 swing...volatility is cool...and fun!


Edit: ATH close?

 

[UnknownSoldier]

Man, nice gap close today. I wasn't expecting that at all. I guess it pays to pick up LEAPs at every obvious dip these days. I'm ready for next week now lul

 

[Todd Burch]

I don't know what's happening. But it's happening.

 

[computerchuck]

Tried to buy more shares with a limit order at $1450. Missed it by $10.

I'll need to just wait another 15 hours. (previous joke reference).

 

[elasalle]

Selling calls on TSLA for $4 is like picking up pennies in front of a steam roller.

(3500-1500)*4000 = 8M
4(premium)* 4000 = 16K

$8.16M profit worst case scenario ... in like < 7 days
if exercised, could still buy back 2200 shares at that price.

(+ I would like to think strikes this far out are bought by MM & Shorts ... as insurance .... so more reason to fleece them in their own game)

 

[Papafox]

Anyone know if MMs hold enough call covering shares to tangibly assist the ETFs in the squeeze?

If you are asking whether the hedging done by market makers who sold call options is driving the price of TSLA up, the answer is a definite yes. In fact, it certainly is one of the biggest forces of all driving TSLA higher, given the over-the-top number of call options being sold.

 

[Tim S]

For earnings I'm looking at opening some 7/24 call debit spreads to try and defray some of the outrageous premium. I think a pop is likely, but $3,500, and to a lesser extent even $2,500, is extremely unlikely (at least by 7/24). Just listen to the sentiment on this board - sounds like a fair number of longs would be willing to sell out at those levels this quickly.

Still trying to figure out what strikes I'd use, and I could be running out of time -- I can envision one last run-up to earnings starting as soon as tomorrow or Friday.

Or today

 

[Tslynk67]

anyone dare to sell $3500 strike covered call expiring 7/24?

Was trying to, but not for the crap premium today, was looking for $20 per call yesterday, but just missed it. See how it goes...

 

[Curt Renz]

TSLA achieves all-time closing high.

 

[SpaceCash]

You know I like closing at/near HOD BAYBEEEEEE!!!!!

Half a milly club, who wit me, gang gang gang gang ayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy