TSLA surged upward again on Thursday, increasing the distance from its 50-day SMA. The May 19 bottom looks more permanent. Recent weeks of meandering around the 200-day SMA appear to have ended dramatically amid rising volume. Those who had been reluctant to buy in recent months, may be having second thoughts.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
I'm with Fidelity. They just charge a small fee for the entire transaction. I sold 30 contracts (Puts) near open today for July 23, 620 strike, and made just under $60,000. Commission for the entire trade was $19.50, and a fee of $1.36. In my tax activity to date I have 6 red trades, and 19 green. I've learned you need to be patient. You don't sell covered calls when the stock has dropped 30% for no good reason. You wait. You don't sell Puts when we are at an ATH. You also don't panic. I've been under water on some 700 strike puts for two months. I just keep rolling it out with a week or so to go for another month at the same strike (but you can get assigned early if your aren't careful).
Artful Dodger
"Neko no me"
TSLA After-Hours Quotes
Data last updated Jun 24, 2021 08:00 PM ET.
This page will resume updating on Jun 25, 2021 04:00 PM ET.
| Consolidated Last Sale | $681.00 +1.18 (+0.17%) |
|---|---|
| After-Hours Volume | 517,800 |
| After-Hours High | $687.31 (05:21:14 PM) |
| After-Hours Low | $676 (04:30:11 PM) |
I am waiting to sell covered calls for Jan 2023, 1500 strike, until they are around $110/contract. If the stock slowly rises after that, they will either expire worthless, or go into the money. If they go into the money, at that point I can sell my stock at 1500/share, or roll the contracts to a higher strike another year out. If the SP drops 30% again, I buy them back with a 50% or more profit, and wait until the stock comes up again to sell new covered calls. But don't fall in love with a trade - always be willing to admit you made a mistake and fix it. Don't expect to make the same amount every month. Some months you sell calls, some months you sell puts. Don't be greedy either. I could make my mom more money selling Puts with higher strikes, but I want to have a very low risk of assignment with her account because it isn't my money.
I don't think so. Unlike Mercedes, I assume Panasonic is actually going to invest into itself and grow faster to meet demand. Or are you suggesting Panasonic would be better off selling itself off to somebody else and buy Tesla shares with the proceeds?
IMHO this is good news for Tesla share holders. Panasonic seems to know what to do with the cash, I assume this will benefit Tesla in terms of battery availability.
The volume after-hours is very low compared to last several days. This seems to indicate that the buying pressure is no where near the levels it has been till today. In other words, not enough buying pressure tomorrow at least from longs, perhaps except from delta hedging shenanigans, in other words Gamma squeeze.
Any thoughts?
The question is why did Panasonic sell? Did they take profit because they needed cash to expand like you suggest? If so, then it was probably worth it to them, and necessary. Of course it makes for great FUD right now for the Bears.
InTheShadows
Active Member
Haha, he'd probably say "Bro, theta burn to the moon!" I'll ask him when he's done playing Fortnite.
InTheShadows
Active Member
This is the site I used to begin teaching him. Selling Puts: The Complete Guide for Finding and Managing Great Put Selling Trades (No Opt In Required)
His win rate this year is 21:1. The 1 loss was because I told him to cut it short on July 3 because that was the day for him to learn about TSLA LEAPS. He's been all smiles the last two days.
pz1975
Active Member
I try to do this too once ATHs are breached. I sold a bunch of $1,425 covered calls in the $800s when the IV was high and bought them back in the $590s when the IV was low. I ended up with 80ish% profit in the low 6-figures. I plan to do the same but with a higher strike once we get into the high $800s again, slowly selling more if it keeps rising to $1,000. Like you said, I'll either end up making a big profit on the sold calls or have to sell some shares (but still <15% of what I own) at some crazy SP like $1,500 (cost basis $50-60). Win win.
OT, but: If you wanted a Tesla decanter without the Tequila they are now on sale for $150: Tesla Decanter
As an investor, I really like the P/S ratio. Here's TSLA's since IPO:
www.macrotrends.net
If you look at the bimodal P/S chart with the two peaks, 1 before the Model S ramp-up and the other in 2020 (maybe Model Y?), my first thought is wondering what the market is trying to price that will realize so much revenue to account for such an exorbitant P/S ratio and compared to a "normalized FAANG" P/S ratio of ~10 from its current point, ~18-19, right now (it's similar to NVIDIA currently).
Back in 2012, that was the Model S (introduced in June 2012). The most obvious output is a mixed income stream of greater software services packaged on top of the "S3XY CARS" millions-of-cars ramp-up over the next 2 years with awesome profit margins.
Tesla Price to Sales Ratio 2010-2023 | TSLA
Historical PS ratio values for Tesla (TSLA) over the last 10 years. The current P/S ratio for Tesla as of April 09, 2024 is <strong></strong>. For more information on how our historical price data is adjusted see the <a...
www.macrotrends.net
If you look at the bimodal P/S chart with the two peaks, 1 before the Model S ramp-up and the other in 2020 (maybe Model Y?), my first thought is wondering what the market is trying to price that will realize so much revenue to account for such an exorbitant P/S ratio and compared to a "normalized FAANG" P/S ratio of ~10 from its current point, ~18-19, right now (it's similar to NVIDIA currently).
Back in 2012, that was the Model S (introduced in June 2012). The most obvious output is a mixed income stream of greater software services packaged on top of the "S3XY CARS" millions-of-cars ramp-up over the next 2 years with awesome profit margins.
Artful Dodger
"Neko no me"
Are you still able to do this inside your TFSA? How did your Accountant's tax predictions work out? Was their a 'threshold' reached which triggered this?
Cheers!
I don’t post much as I’m newer and trying to learn the ropes on here. But, what about new investors that are willing to hold? I wasn’t able to afford my first Tesla until early 2020 and started to buy stock towards the end of the year once I was able to. I’ve been buying dips ever since. I’m nothing compared to big fish, but I’m trying and would honestly be upset to be left out of something I love. I have a preorder in for starlink and I have high speed DSL. Leaving out new investors like myself would paint a bad look I believe.
Thanks for posting this! I just ordered one for myself. Maybe I should have ordered a few to give as gifts but I’m sure my circle wouldn’t have the same appreciation for it.
Krugerrand
Meow
And yet it was Jim Cramer I saw in my mind’s eye when you were margin called and stropping around.
mblakele
FSD Beta (99)
Krugerrand
Meow
You’ll be a long term stock holder by the time the Starlink IPO. Don’t sweat it.
peletourneau
Member
Thanks for the head up! Now, deciding what to fill it with.......
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