TSLA Market Action: 2018 Investor Roundtable

[kyne]

Somebody knows something. Its going up too much without any news.
At this rate it will be up 20 for the day.

My best guess is that some people have been visiting the Tesla factory and seen the new equipment from Germany in action.

 

[Zaxxon]

After seeing a Starman helmet forming, I sold my May calls purchased last Friday for around 60% profit. I tend not to look a gift horse in the mouth when I see 50+% in one trading day.

I've had good luck selling covered calls in the $340-$350 range and buying under $330 lately. If we top $350 without getting concrete signs of significant ramp this week (for example, MY INVITE #areyoulisteningelon), I'll probably sell some more covered calls as that's a clear indicator of an elbow and kneecap formation.

 

[AlMc]

My best guess is that some people have been visiting the Tesla factory and seen the new equipment from Germany in action.

Jonas probably visited, reissued his old letter last week to drive the SP down and get his clients in sub $330.

 

[bdy0627]

Crazy, crazy day! I love it. Congrats to all of those with the courage to add on the dip. Once again, it paid handsomely to take the contrarian approach on the dip. So what if you sell too early. It's way way less painful to complain about lower profits than you could have had than it is to ride back down with unsold calls. I sold on the last climb about 5 or 6 points too early and wished I had waited a bit longer. However, I'm discovering it's much more important to get out of your calls before the next dip than to sell them at the top. Previously, I waited too long to sell calls and watched my account drop massively on dips. Much better this last time when I was out, albeit a little early. I've been slowly selling the rest of my APR $320s throughout the morning. I'm down to 2 from 16. I haven't touched my JUN calls or LEAPs. They aren't going to get those from me quite that easily.

 

[Reciprocity]

After seeing a Starman helmet forming, I sold my May calls purchased last Friday for around 60% profit. I tend not to look a gift horse in the mouth when I see 50+% in one trading day.

I've had good luck selling covered calls in the $340-$350 range and buying under $330 lately. If we top $350 without getting concrete signs of significant ramp this week (for example, MY INVITE #areyoulisteningelon), I'll probably sell some more covered calls as that's a clear indicator of an elbow and kneecap formation.

I agree.. I see 50% gains on something, I pull the trigger and look to re-enter if I really like it. Maybe adjust the strike price or expiry date or something else to get an advantage from selling and taking profits. You must take some profits with Options, because they go south very fast and you need dry powder to recover. I try to not go over 1/3 of my options account in play at any time so that I can take advantage of drops like we recently had.

 

[dmckinstry]

Damn. I was hoping the SP stayed down another day. I ordered a deposit from my checking account to my brokerage last night and it still hasn't gone through. I'll probably have to do my purchase after hours.

 

[Tslynk67]

Well, I've been on TSLA since February 2016 and never seen a day like this - and I watch the ticker non-stop. Rather unhealthy, actually, given that I've never sold a single share...

 

[bdy0627]

After seeing a Starman helmet forming, I sold my May calls purchased last Friday for around 60% profit. I tend not to look a gift horse in the mouth when I see 50+% in one trading day.

I've had good luck selling covered calls in the $340-$350 range and buying under $330 lately. If we top $350 without getting concrete signs of significant ramp this week (for example, MY INVITE #areyoulisteningelon), I'll probably sell some more covered calls as that's a clear indicator of an elbow and kneecap formation.

To my analysis, it seems like this stock has had a rather serious case of erectile dysfunction. Let's see if it can go up and stay up this time.

 

[mongo]

Top story: Model 3 production was down because Model 3 wasn't being produced.

(also feeds into my delusion of banking parts for an end of Q1 multi-week production record).

 

[ggr]

Mod: I'm not entirely sure, but all this talk of patterns forming, if serious, should be over in the Technical thread please. --ggr.

 

[Mkorpal]

I can't believe I just did this, but I set a sell order at $360. I expect to get back in again in the 330s or lower at some point. We won't hit that today, but I expect it sometime in the next two weeks.

 

[HG Wells]

How does this compare to the first day of the short squeeze of 2012-2013 ?

Dollar wise ?
Percentage wise ?

 

[Tslynk67]

Well I don't know about you guys, but I can see an angry moderator pattern forming...

 

[elasalle]

Sold some Covered Calls and that it for today

 

[Tenable]

How does this compare to the first day of the short squeeze of 2012-2013 ?

Dollar wise ?
Percentage wise ?

I wouldn't expect anything remotely similar to that in the near future. Not worth discussing or considering IMO. Perhaps TT007 would disagree.

 

[MikeC]

How does this compare to the first day of the short squeeze of 2012-2013 ?

Dollar wise ?
Percentage wise ?

I don’t think that there was a clear single day that the rally started, but I do remember getting used to seeing it go up 5% regularly in 2013 and being disappointed if it only went up 1-2% in a day.

 

[Tenable]

I've also entered a minuscule 342.50 weekly pbfly as a hedge. Fingers crossed it goes to zero

 

[Manton]

Such a big gain on little solid data. Although i did like Jonas' warning of Semi competition, etc. While inconspicuously suggesting that M3 production guidelines will be met.

 

[uselesslogin]

Well someone just reported a VIN of 111XX on the spreadsheet. Their configuration date is Feb 22nd so that lines up. We want to see 13XXX next week - but I think the stock price is probably moving because there are signs the ramp is picking up. I know I was planning to increase my position this morning because of the new activity but the price got away from me. (And I already have enough anyway...)

 

[Reciprocity]

I've also entered a minuscule 342.50 weekly pbfly as a hedge. Fingers crossed it goes to zero

Hate to say.. but I just bought some weekly Puts on MU. What goes up.. and all that.. Small position. im not crazy.