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

[Artful Dodger]

There goes $600, look out below. Uptick Rule would be triggered if SP reaches $584.89 today.

EDIT: Intraday Low now at $588.00

EDIT2: That is characteristic of a MM/hedgie bear raid, when they stop the plunge just above the SP the would trigger the Uptick Rule, and the supposed protections that it provides to shareholders.

Those MMs do have a way around the Uptick Rule (Regulation 201, Exemption for Options Market Makers), but those MMs might be wary of naked shorting right now, since Tesla has shown them to be vulnerable to a Share Dividend "recount" of the MM's short inventory (forcing them to buy TSLA).

 

[WattsHappening]

Thought I was getting a good price when I bought a few more on Monday at $625. Glad I kept a bit of available cash. Just bought more at $605. Sorry to all you short term option players, but I couldn't be happier.

 

[Boomer19]

Woow, you are good at this!

How do these people get $62M worth of options through all in 1 trade? I think the maximum IBKR allows me to do in 1 trade is 500 contracts, and even if I could do more, I don't see how you could jam through $62M worth before options MMs significantly increase their ask.

In his interview I believe that is what Emmet Peppers says happened. Ibkr did not send a single order for 3750 contracts, but split it up into multiple orders.

As for semantics maybe I'm wrong but with options it gets complicated with different types of orders. For example:
5 call options with $500 strike in one order
- I would just say I placed one order (or trade) for 5 call options

5 straddles at $500 strike in one order
- that would be 5 calls purchased at $500 strike and 5 puts purchased at $500 strike. 10 contracts but in one order (or trade)

With these two examples I'd just say I placed two trades. One for five calls at $500 and one for 5 straddles at $500. It makes sense in my head anyway

edit:
he bought jan700c in 3 different accounts.
a block trading desk executed the order(s) for him. multiple orders, multiple fills. each fill is a trade.

 

[mrjinglesusa]

Free fallin'.

 

[StarFoxisDown!]

Damn they're actually going to drive this under 600. Who would have thought today's price action would be like this considering the drop and rebound yesterday. Gotta say I'm pretty surprised by the lack of buying at this point. I think this takes a lot of the wind out of the sails of the theory that a ton of money is front running inclusion week

 

[Zero CO2]

1:37 pm ET
*Tesla shares are trading lower following bearish commentary from Morgan Stanley.
Benzinga

on TD news feed ... but no link AJ at it again

 

[StarFoxisDown!]

There goes $600, look out below. Uptick Rule would be triggered if SP reaches $584.89 today.

Oh they're definitely going to let up before we trigger the uptick rule. Gotta have all their tools in their toolbox to use for the next 2 days

 

[strago13]

I guess IV might go up a point or two?

 

[jeewee3000]

I bought the dip

 

[lafrisbee]

We are STILL just ants in some kid's ant farm! I'm feelin all shook up.

 

[Model S M.D.]

Couldn’t resist buying even more, found a few more pennies under the cushions!

@SeaNile This is your moment, but just my opinion, do your own research blah blah

 

[mickificki]

 

[Todd Burch]

To be fair, the markets are pretty blood-red today in general, so this isn't JUST TSLA-specific.

(Although why anyone would put any weight on someone who values TSLA at $90/share is beyond me).

 

[StarFoxisDown!]

I’m thinking the $5B may have been a miscalculation, as they gave control of $5B worth of new shares to 10 banks to do what they please.

I didn't really understand why not announce the offering on Friday after markets close for Monday, when at least index funds can start buying into it. Tesla would have gotten a higher stock price to issues shares with during next week.

 

[Boomer19]

i guess down 20-30 wasnt enough to scare anyone. let’s see where it falls. i’ve been adding jan21c strikes on way down. don’t expect a large return, but $ is $.

first time i’m making a short term play in a while. everything else is stock and leaps.

 

[Right_Said_Fred]

Such drops are part of the game during a huge run up. There was a lot of talk about a drop after inclusion, which makes people anxious and trigger happy. Once the weak hands have been shaken out we will probably find a bottom and resume the climb towards 700 next week.

 

[uujjj2]

Rumor in the wild that Apple is working on Autonomous chips.
Apple working with TSMC on Apple Car chips, more - 9to5Mac

The irony, given that Tesla's chip team was poached from Apple . . . did Apple poach a bunch back?

Elon Musk is a brilliant entrepreneur but also a drama queen. There's a lot of good engineers that work at Tesla and then get out when the Elon show gets old. Here in Silicon Valley, while Tesla is one of the top places for good engineers to head to, there's also a continuous supply of experienced ex-Tesla engineers flowing into Apple, Waymo, Aurora, Cruise, Rivian, Lucid, and other autonomous and EV companies.

 

[TheTalkingMule]

Not bad volume on the path to triggering the $600 stop losses from all the poor retail schlubs. Of course options pricing hasn't moved nearly the rational amount. Would love to be snapping up $700 calls here, but for what? $40? No thanks.

 

[StealthP3D]

Wait. the TA gurus on Youtube ALL predicted TSLA was going to go to $700 or $750 today?

Dang! We still don't have a button for "hilarious!"

 

[MABMAB]

Yellow line is the 10 day moving average...
Relax the noise tween your ears