Mike Smith
Active Member
I'm selling my short term options here. I see a head and shoulders forming plus a weakening market.
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Your guess is as good as mine, but I don't think TSLA is up because of the increased prices on supercharging. I haven't seen much in the main stream on it. Lots of articles today about the factory shut down in February to increase production. I think that brought in some money, and now shorts are covering. Might be short lived....
I am seeing knees and toes, so going long.
If we hit a 5% rise, lots of individuals who set notification limits for things like "up 5%" (like I do...) might suddenly jump in. That could be fun. We're close... as I type up 4.7%.
bdy0627
Active Member
Nice day today! Increased VINs plus the news about increased charges for supercharging may have something to do with this. The market seems ready to jump on ANY suggestion of increased model 3 production. At this point, we are up 6.5% from the bottom of our last dip. That dip lasted 6 trading days, 2 less than the average dip. We are at trading day 3 since the bottom. The average climb lasts 11 trading days. I have a plan to sell my first wave of calls after a rise of 9%, but on big up days, premiums go up so much that it makes sense to sell some on such a day. I sold about half of my APR $320 calls for a gain of about 30%. I bought shares with about half of the proceeds and used the rest to pick up some shares in other stocks I follow.
Guess I was off by a week.
Isn't the SP jumping because it was confirmed that Elon's do-hickey from Germany arrived and was installed last month?
JRP3
Hyperactive Member
No. Do-hickey wasn't due until this month and for the GF, not Fremont.
Maybe this news?
Tesla Temporarily Suspended Model 3 Output in Late February
“Our Model 3 production plan includes periods of planned downtime in both Fremont and Gigafactory 1,” a Tesla spokesman said in an emailed statement. “These periods are used to improve automation and systematically address bottlenecks in order to increase production rates. This is not unusual and is in fact common in production ramps like this.”
Tesla Temporarily Suspended Model 3 Output in Late February
“Our Model 3 production plan includes periods of planned downtime in both Fremont and Gigafactory 1,” a Tesla spokesman said in an emailed statement. “These periods are used to improve automation and systematically address bottlenecks in order to increase production rates. This is not unusual and is in fact common in production ramps like this.”
Esme Es Mejor
Member
I see a Selsun Blue forming, so I’m staying away from the devil’s dandruff.
Well, if it's not, then I'll just hang tight. I think it's likely that the SP will jump again once it's confirmed that the do-hickey has been installed and it could happen any day now.
Reciprocity
Active Member
I wish the dow was down 120 every day if this is how TSLA and other names are going to perform.
Recip, I have exited 2/3 of my MU position today, letting the rest ride for a bit. Hope the trade is treating you well.
Reciprocity
Active Member
Recip, I have exited 2/3 of my MU position today, letting the rest ride for a bit. Hope the trade is treating you well.
LoL.. 2 contracts still today, but yeah. I never assume a stock is going to go up 10% so I sold to early today, but I bought back in to scalp another chunk. Still holding half of that second entry, so the other half after owning it all of an hour.
LOL! Its looking like I sold a boatload of TSLA contracts far far too early today. But I'll never complain about profits. I love days like today, it almost makes up for the stress on the massive down days.
Reciprocity
Active Member
LOL! Its looking like I sold a boatload of TSLA contracts far far too early today. But I'll never complain about profits. I love days like today, it almost makes up for the stress on the massive down days.
Same, my other holdings are BABA and NVDA, sold half of those and holding half. I have been buying TWTR and NFLX on the dip (dollar cost averaging down... Not an advice). One thing I am concerned about.. Every time the NASDAQ gets toppy like this, it triggers a re-balancing out of Tech and probably in to something like Financials with rates going up. Again not an advice, but I am looking to get light here real soon and maybe even load up some small PUTs on fast moving tech stocks as protection.
Edit.. Never mind.. All out on NFLX and puts initiated. I check it out again at 310.
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I love all of those names, though I have lightened up significantly on this run up. I traded in and out of TWTR today for a small scalp, but I'm already loaded up on the name to my risk tolerance between J19 and J20s. GLGL!
HG Wells
Martian Embassy
DOW's down NASDQ is up only 1/2%.
Somebody knows something. It's going up too much without any news.
At this rate it will be up 20 for the day.
Somebody knows something. It's going up too much without any news.
At this rate it will be up 20 for the day.
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