Thứ Sáu, 28 tháng 10, 2016

Social Chat - Short Term TSLA Movements part 44

  • 1/1/2015
    guest
    I just replaced the last of my TSLA shares with LEAPs. I'm holding nothing but Jan 2016 $240s now. I'm planning on buying some really short term PUTs as a hedge towards the end of the day. I expect that things are going to go really well tomorrow and if that happens I expect to see the $320 number that everyone seems to like before the run is over.

    But, if I'm wrong, then I think that things are going to go very badly. I expect this to be a short-term drop though. Maybe a matter of weeks.

    So, the plan is basically to free up my cash (sell common stock, replace with LEAPs) and buy short term protection. If we end up taking a hit over the next few weeks weeks, I'll cash in those PUTs and start buying back my common or add to LEAPs. If we rocket off towards $320 I'll sit back and enjoy the ride.
    �
  • 1/1/2015
    guest
    Easy peasy :). Sound like a win-win either way. The key of course is that you've set this up over quite some time. But if one had no position in TSLA but a load of cash your strategy sounds like a good position to take up (long LEAPS + short-term puts).
    �
  • 1/1/2015
    guest
    The hard part is finding the right short term puts. You want to go OTM but how far out is kinda tricky.
    �
  • 1/1/2015
    guest
    Yes, was very sad to have to sell my shares that showed a $19 "Price Paid" but this is no time to be emotional about numbers. =)

    - - - Updated - - -

    I'm going to go pretty far out. A 10% drop from here breaks the 200-day. I suspect if we do that we are in for a lot more pain before things stabilize. I don't think there is any such thing as a "little drop" scenario here. We either have a good ER or we break the 200-day.

    I'm going to go shopping for the PUTs around $220 give or take a few bucks.
    �
  • 1/1/2015
    guest
    If you are targeting out "a couple weeks" I would suggest buying strikes at the current 200DMA for maybe a late november early december expiration because if we crash tomorrow, I would expect to see a return to there in no time flat (plus time value and you make out nicely). You could then opt to sell of straight away, or sell partial and hold the rest to see how low it goes. Even on a miss, I wouldn't put a ton of faith in breaking the ~225 200DMA. It would have to be a HARD miss to kill the stock that hard I would think... Like some kind of shakiness about demand peaking or some such combined with another delay in the Model X combined with coming inline with Analyst estimates of -.01 EPS and a "slight miss" on the 35k. Outside of that, and I would speculate would would hold the 200DMA still. So that makes a good target number.

    Just my opinion, someone else feel free to shoot holes in it.

    - - - Updated - - -

    Well and as I typed my comments, there you have it! A counterpoint to my comments about resisting the 200DMA.
    �
  • 1/1/2015
    guest
    We already broke the 200DMA once but Elons tweet saved us. I don't doubt that we can break it again and go much lower in the short term. Long term I think things haven't changed and we should be okay.
    �
  • 1/1/2015
    guest
    Oh and since it is the social chat, I am quite happy right now that we are starting to see some recovery right now. This has already put my calls in the green and I think gives a more easy chance to shoot up much higher tomorrow on positive news. I think this bump came courtesy of the "whisper numbers" getting published about the .03 EPS. So the stock is pulling back up a bit from being really depressed about a negative earnings tomorrow...

    Could be wrong, but the seeking alpha article was published at 12:16 and the sharp rise started happening shortly thereafter. Who knows? This stock is very manic depressive. Maybe we should send TSLA to the psychiatrist?
    �
  • 1/1/2015
    guest
    Good points. Nobody here has been a bigger believer in the strength of the 200-day than me, thanks for reminding me just how strong it has been.

    I think my LEAPs alone are a play on the 200-day holding. If it holds against a bad ER then nothing in the weeks after that are going to break it either. We should return on the upward trend that points to $320 and the LEAPs will capture that. I'm not trying to maximize gains by capturing a one-day drop in share price that bounces off the 200-day. I'm trying to protect myself against disaster.
    �
  • 1/1/2015
    guest
    I have set up the strangle play I had wanted now. I bought Dec20 puts Monday with strike prices at 200 and 210 and they are nicely green. I just bought an equivalent $ value of Dec20 275 calls. I am not planning to hold either side to expiration but I do expect a big move in either direction (hoping for up of course since all the rest of my TSLA position - mostly LEAPS - is long). The reason I chose Dec20 is that it is 6 weeks out and the IV changes will be minimal between today and tomorrow for them.

    All this chatter here about it being potentially a surprise beat because of low expectations is making me twitchy to buy more December/January/March calls though...need to try to resist... What's that gambling help phone number again??
    �
  • 1/1/2015
    guest
    I'd buy more but the market it is way too volatile even though we have so many catalysts on the horizon. I'm hoping we'll have some mention of Model X and uptake of D. This is going to be good in terms of Gross Margin for the 4Q
    �
  • 1/1/2015
    guest
  • 1/1/2015
    guest
    Just to show some numbers regarding IV changes around an ER (why my shortest-term calls/puts are Dec20) - current IV values (nasdaq.com) for at-the-money $235 calls:

    Nov. 7 - 1.41
    Nov. 14 - 0.78
    Nov. 22 - 0.62
    Dec. 20 - 0.49
    Jan 2016 - 0.45

    Tomorrow morning, they will all open at or quickly drop to the 0.45-0.50 range so buying anything with expiry dates in November (especially this week or next week) will guarantee a huge drop in overall value outside of the value change dependent on stock price.
    �
  • 1/1/2015
    guest
    Thank you. This is very helpful.
    �
  • 1/1/2015
    guest
    It's true the VIN # range is from 62579 to 64713 which is more than 2K. But how do we know all the # in the range is assigned to P85D? It could be some S85/S60/P85 in the between.

    �
  • 1/1/2015
    guest
    Awhile back before the D unveiling someone noticed that there was a different vin. And it related specifically to dual motor. I haven't checked the Google doc you just saw yet though.
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  • 1/1/2015
    guest
    Hey everyone, I don't post too much in the investor's threads, but I am a long term Tesla bull. With earnings today, I was googling old articles, kinda looking back and came across an old(er) article from June 2012, titled Tesla Delivers First $100,000.00 Cars Amid Uncertain Demand. Interesting quote from Elon "It wants to sell 35,000 total units of the Model S and Model X electric sport-utility vehicle in 2014, Musk said this month".

    I realize this is old news and posted elsewhere, but thought a few of you would enjoy reading it again today as well.

    Tesla Ships First $100,000 Model S Amid Uncertain Demand - Bloomberg
    �
  • 1/1/2015
    guest
    This is priceless:

    �
  • 1/1/2015
    guest
    Why are you doing this? I am cringing for you about the tax consequences? Why not just take a mortgage on your house and invest in options instead?
    �
  • 1/1/2015
    guest
    Roth IRA.
    �
  • 1/1/2015
    guest
    . I have a similar strategy for this ER. Only difference is holding cash to buy the Leaps after ER. But I do agree that a way to hedge for upside and long term climb is the J16s. Most of my trading is also in IRA. It is nice to defer any tax consequences as it gives one a little more freedom.
    �
  • 1/1/2015
    guest
    Well we're just about an hour and change before the market closes and earnings is released.

    Personally, my expectations for Q3 to be low and I expect TSLA to get punished at least 10% in after hours trading. I'm guessing we'll see the 200-210 range today and tomorrow. And against my better judgement, I'm holding onto my long position because I'm trying to be a "strong long".

    Though I would love to be pleasantly surprised, so good luck everyone.
    �
  • 1/1/2015
    guest
    Is anyone planning on buying or selling common shares after hours if the report is fantastic or the selling is huge?
    �
  • 1/1/2015
    guest

    I'm thinking about it but I'll probably hold off until normal market hours tomorrow.
    �
  • 1/1/2015
    guest
    So I am buying a small number of Nov 22nd calls. This is so I can be sure to get the position in 2017 LEAPs I want. If things head south the LEAPs will be cheaper anyway. If things go up I want to be sure they won't be too expensive for me.
    �
  • 1/1/2015
    guest
    Guys with all the last-minute chatter and articles about suggesting either a big move up or down and the activity on the options market, especially with regards to short-term options with high IV right now, did it occur to anyone that it might be in the interest of the market makers to just keep the price action pretty flat in the days/week following ER? Max pain and all that...
    �
  • 1/1/2015
    guest
    So, a iron condor at 215/225 and 250/260 yields almost 6 bucks, which means max loss is only 4 bucks...that seems like a fairly solid deal, and I feel it's unlikely to go under 200day and unlikely to go up that high...but also I have some 260 calls for nov22 which will cover it if I miss out on the upside. Anyone like that plan?
    �
  • 1/1/2015
    guest
    A flat ER would indeed spook 'em all. Writing options with the MMs is a bold move here, but I'm not that bold. I'm just grabbing popcorn and watching this time around, with cash ready to go in the morning if needed.

    I have little doubt that on long-term metrics for success, this will be another excellent showing tonight, but I haven't the foggiest which way the market is headed this time around.
    �
  • 1/1/2015
    guest
    i'm hoping for a beat and some uplifting announcement from Elon to break the short term down trend at $245. otherwise i see this heading down to the $200 level especially considering all the other momentum stocks plunge such as NFLX, AMZN, etc

    my Mar 2015 300 calls are hurting big time! :cursing:
    �
  • 1/1/2015
    guest
    I for one don't have the backing to write neither calls nor puts at this point. I'm just getting paranoid I guess. There have been so many Tesla ERs now where we've had big gap-ups or gap-down that everyone's come to expect that. The win for the MM would of course be no price action - they just buy back the calls and the puts they've written after the IV crush. Question is do they have the muscle to keep the stock from moving if there is substantial news?
    �
  • 1/1/2015
    guest
    There will be a big move either way IMO.
    �
  • 1/1/2015
    guest
    Alright, I'm spooked by the lack of chatter here. Bought a couple $270 weeklies at the bell because it's fun to have a lottery ticket to the show. :)
    �
  • 1/1/2015
    guest
    Here we go folks, good luck.
    �
  • 1/1/2015
    guest
    A hush settles over the land...
    �
  • 1/1/2015
    guest
    Could not help yourself??:biggrin:
    �
  • 1/1/2015
    guest
    Tesla - Press Releases getting very sluggish on refresh :)

    - - - Updated - - -

    For old times sake? :)
    �
  • 1/1/2015
    guest
    There are some false starts downward on the after hours - are people looking to sell?
    �
  • 1/1/2015
    guest

    Looks like it. And bots of course.
    �
  • 1/1/2015
    guest
    All psycology. They wan't you to be negatively primed before reading the report...
    �
  • 1/1/2015
    guest
    Think I will turn in for the night........wake me in the morning......:wink: NOT!!
    �
  • 1/1/2015
    guest
    Now it's false starts upward - they are just messing with us.
    �
  • 1/1/2015
    guest
    All over the place so far in AH :)

    Some nervous and trigger happy people/bots?
    �
  • 1/1/2015
    guest

    Pump and dump perhaps.
    �
  • 1/1/2015
    guest
  • 1/1/2015
    guest
    when come the results`? now or in half an hour???
    �
  • 1/1/2015
    guest
    They just announced a break in the training session I'm in, but I need to head back in 5 min... come on TM!
    �
  • 1/1/2015
    guest
    should be any minute(or second) now
    �
  • 1/1/2015
    guest
    It's out and the bots don't like it at all. It's here.
    �
  • 1/1/2015
    guest
    trying to download now...spinning wheel!
    �
  • 1/1/2015
    guest
    or do they?
    �
  • 1/1/2015
    guest
    now it's fighting up.
    �
  • 1/1/2015
    guest
    Wow, 240+ in AH.
    �
  • 1/1/2015
    guest
    bEAT BY 2 CENTS ESTIMATES
    �
  • 1/1/2015
    guest
    50% increase in orders in 2015, does my chart even go that high? Wow.
    �
  • 1/1/2015
    guest
    non-GAAP income +0.02 per share
    7,785 delivered
    �
  • 1/1/2015
    guest
    AHHHHHH I MUST DOWNLOAD SHAREHOLDER LETTER!!! Damn you Tesla! Get a higher bandwidth for your website :D :D :D
    �
  • 1/1/2015
    guest
    I bet we end up tomorrow mid-low 240s or so, which makes me happy that I did that iron condor.
    �
  • 1/1/2015
    guest

    The text was posted in the other thread.
    �
  • 1/1/2015
    guest
    76m in ZEV credits.
    �
  • 1/1/2015
    guest
    7,785 - So close! I count that as a win anyway haha!
    And being positive on the EPS at all I also count as a win.
    �
  • 1/1/2015
    guest

    Indeed. Especially with the low expectations for Q3 as it was.

    - - - Updated - - -

    Just saw on my feed that deliveries cut to 33,000 from 35,000. What effect will this have to TSLA?
    �
  • 1/1/2015
    guest
    That's the bear headline, but it's a very weak one as production is still at 35k guided, and there are plenty of bull headlines to overshadow that. I think flat trading is *gasp* a possibility.
    �
  • 1/1/2015
    guest
    Model X delayed by a quarter seems like big news that would drive down the stock. Some are saying it was baked in.
    �
  • 1/1/2015
    guest

    Yeah, that 50% rise in demand sure does help quell any negativity. Though I agree that TSLA stays flat for a while. I'll take flat over a huge dip.
    �
  • 1/1/2015
    guest
    Yay for iron condors slightly biased to the upside! :). Only wish I would have gone bigger (I keep telling myself that....)
    �
  • 1/1/2015
    guest
    Wait a second, what's this:

    "Together with Panasonic we are making good progress toward first cell production in 2016, slightly earlier than originally scheduled. Starting operations earlier will reduce ramp-up risks for Model 3 and provide some potential expansion capacity for Model S and Model X."

    Wow -- did that just accelerate Model 3 delivery? Because it sure looks like it.
    �
  • 1/1/2015
    guest
    Earnings per share will be 30-35 cents in 2014Q4. Model X is delayed until 3rd quarter 2015. I'm surprised the market is responding positively so far.
    �
  • 1/1/2015
    guest
    Good catch! I can't wait to hear them talk about that on the call :D This is going to be a fun CC.
    �
  • 1/1/2015
    guest
    To me the news of Gigafactory actually producing cells in 2016 is the most important part of the whole letter. When you take a step back and think about it. All the other stuff is just small variations on the already known facts.
    �
  • 1/1/2015
    guest
    Yes. But I think the letter is saying that those cells will go to Model S/X if the demand is there. I don't think it says that Model 3 is coming sooner.
    �
  • 1/1/2015
    guest
    The Roadster was late. The S was something close to 2 years late from when it was first announced. The X is going to be close to 2 years late (originally "late 2013").

    Going out on a limb here....the 3 is going to be late regardless of what happens with the Gigafactory.
    �
  • 1/1/2015
    guest
    I need to move up my reservations for Nevada; be back on in a few minutes!
    �
  • 1/1/2015
    guest
    A quick look at Yahoo shows AH has a range from $217-249.......It will be interesting to see what happens after the CC. If Elon is confident/defiant (with regards to wanting a perfect product release vs a quick product release) then I see the stock holding green despite what I feel is a slight miss that would have caused other momos to drop.

    It is not over but it looks like the TMC folk who chose a rise with ER vs a drop were correct. Congrats!
    �
  • 1/1/2015
    guest
    But now I cannot trust them on any timeline. Just last Q (well 30 days into a q), Elon was asked a few times, and he said 35K delivery is doable. Model X on track. I bet this GF note will be thrown away in a few quarters.
    �
  • 1/1/2015
    guest
    educated guess: The Model X being late probably has more to do with getting several "D"'s to customers, to get real world data on the AWD system, and take care of any glitches/issues that come up, they are really under pressure to avoid "early adopter" issues with the Model X...
    �
  • 1/1/2015
    guest
    This looks right to me --> "We recently decided to build in significantly more validation testing time to achieve the best Model X possible. This will also allow for a more rapid production ramp compared to the Model S in 2012."

    I'll be content with accelerating volume Model S production --- along with watching the P85D beat everything at the track.

    When the X hits, it's game over Porsche.
    �
  • 1/1/2015
    guest

    Im not surprised by GF production given that they are building GF in phases and there's a hiring ramp every year including 750 in 2015.
    �
  • 1/1/2015
    guest
    I thought the Gigafactory was producing cells that are physically larger (10% in height, 10% in diameter) than the 18650s used in the Model S / X. How would ramping the Gigafactory up earlier expand capacity for the Model S / X? Would they redesign the battery pack for the larger cell? Would there then be some Model S / X vehicles with the 18650 and some with the larger format battery?
    �
  • 1/1/2015
    guest
    We don't know this. I bet they could very easily change the physical format of the cell in the production process. They will probably make 18650 cells for the S and X and then switch to larger format when the M3 goes in to production. At that point they may redesign the S/X battery pack or just keep making 18650 and larger side-by-side.
    �
  • 1/1/2015
    guest
    Sounds like you should sell
    �
  • 1/1/2015
    guest
    Did anyone see where the "Order" button went to get to the configurator?
    Where did the order button go.JPG

    Edit: It's back. They killed the "D" for the 60 and killed the P85.
    �
  • 1/1/2015
    guest
    Agree with Johan. ISTR seeing pix of battery winding machines, and got the impression that it's very easy to change form factor: just load a different set of foils, adjust the feeders - and go! (Somewhat simplified, for my own understanding:) )

    Of course, this supposing we are still winding cylinders, only changing dimensions. Pouches would need a different method.
    �
  • 1/1/2015
    guest
    The current analyst is awful. It's grating my ears listening to him trying to salvage his question.
    �
  • 1/1/2015
    guest
  • 1/1/2015
    guest
    Someone on this forums said that the P85 didn't make a lot of sense once they released the 85D, so they must have seen a BIG drop off of P85 orders when they pushed the D. It makes sense, if you want range, go for the 85D if you want performance... why wouldn't you just pay the extra to get the REAL performance?

    - - - Updated - - -

    OMG SHUT THIS GUY UP!!! DONT SAY ANYTHING ABOUT SHARE PRICE!!!GOISKNHGJNWLENGLKWMNWMNLKE
    �
  • 1/1/2015
    guest
    Muahahaha. He dodged that one this time.
    �
  • 1/1/2015
    guest
    Seriously, that was a very dirty question, which I think he realized mid question and tried to reel it in a little. Thankful that E did not take the bait.
    �
  • 1/1/2015
    guest
    whew... I think that was a close call... no major capital raise until *maybe* the model 3... and no comment about the shareprice. Crisis averted.
    �
  • 1/1/2015
    guest
    That might have been me or at least I was one of the people saying that. Tesla clearly felt the same and killed the P85. Not sure that bodes well for my P85's resale value, but I wasn't selling for a number of years so it's academic for me.
    �
  • 1/1/2015
    guest
    The call isn't over yet...
    �
  • 1/1/2015
    guest
    I'm just imagining one of these slick analysts acting like the TV detective Columbo; just at the end they'll say "Oh, there's just one more small thing... what do you think about the current stock price?"
    �
  • 1/1/2015
    guest
    Sunvisors for everyone!!! :-D
    �
  • 1/1/2015
    guest
    Bear argument: How much cost will that incur?

    I will definitely try to send my new visor to California to get Elon to sign it...
    �
  • 1/1/2015
    guest
    New article in the pipeline at TheStreet.com: "TSLA stock up $0.20 today on new Model S sun visor".
    �
  • 1/1/2015
    guest
    Green and Brown cancelled. Those will be collector cars. They'll probably add another 3 shades of grey though.
    �
  • 1/1/2015
    guest
    BIG thanks, guys! I got into the Muzak intro for a long period, but 15 minutes before the call it went silent, totally. Refresh - no help. Try another window - no. So I'm really grateful for those written comments in near real time. Now I can finally go to bed, it's quite late here.
    �
  • 1/1/2015
    guest
    I wasn't saying the call was over... I was saying that it was close that I thought elon would say something bad specifically directed at that one question toward stock price and capital raise.
    �
  • 1/1/2015
    guest
    Obviously. I was just saying that there's still time for Elon to say the fair value of the stock is $180.
    �
  • 1/1/2015
    guest
    Now the call is over :D

    - - - Updated - - -

    I got that, but I don't think Lessmog got that. I think he was thinking I was suggesting that the call was over, which is why I was trying to tell him he shouldn't go to bed yet :D
    �
  • 1/1/2015
    guest
    So the real question is how will the media spin this call to be bad.
    �
  • 1/1/2015
    guest
    well, I am very glad it went green (signficantly even) in the AH. I was cheering for it as I would a sports team as it tried to find its direction. It was a nailbiter.
    �
  • 1/1/2015
    guest
    Indeed those first 10 minutes after hours the stock was all over the place and it finally settled on a direction to go to and the craziness mellowed out. I think we had about 2 million shares trade hands just in the after hours alone (and we still have about 30 more minutes). The first 10 minutes of trading had more volume than any other point in the day, so it is no wonder the stock was going crazy!
    �
  • 1/1/2015
    guest
    Given the AH price and volume, prediction for tomorrow? Will I wake to lots of big green numbers?
    �
  • 1/1/2015
    guest
    So now, I am hoping for a good macro-market tomorrow to further increase the upside of TSLA. If we hit 260 tomorrow I will be one happy camper!

    Prediction - Closing price in excess of 255
    �
  • 1/1/2015
    guest
    It's worth noting that the predictions made by Adam Jonas and Andrea James both came through:
    Jonas- Model X will see an additional delay but it won't spoil the party
    James- Tesla may come up short on production during 3Q

    I was rather fascinated by Elon's remarks to Jonas regarding totally automated cars. On the one hand, Elon said that Tesla will be at the forefront when such a move is made. On the other, he said that such transportation is unlikely for another 7 to 10 years, with regulatory issues very much something that needs to be addressed. I also got the feeling that Elon recognizes that a good many people enjoy driving their cars (particularly Teslas).
    �
  • 1/1/2015
    guest
    The shareholder letter is quite funny :biggrin::

    Although I'm bummed that Model X is delayed, I am very glad to see that Tesla is focusing on the long-term instead of the quarterly. The "invest somewhere else if you don't like it" is great!
    �
  • 1/1/2015
    guest
    I'm surprised at the market's reaction so far, since I don't think there was anything in the report to get excited about other than the relief that the report is out so there's no more uncertainty. It will open in the mid-240's tomorrow but not get any upward traction. At some point this week, bears will swoop in and pull it down to the 230's.
    �
  • 1/1/2015
    guest
    Didn't take long for Cory to bash the stock again, he was talking to some analyst and started by saying that Tesla loses money on the cars, the analyst responded that they are indeed making money on the sale of the cars, Cory was just shaking his head, wow. Either he is extremely thick, or he is getting paid to spread FUD. I can't believe reporters are allowed to be that biased, he is actually spreading obvious false information, and it has been going on for a while, Bloomberg really needs to step it up.
    �
  • 1/1/2015
    guest
    the bloomberg west coverage of the Q3 call with cory johnson is comedic. Definitely enjoyed a good laugh.
    �
  • 1/1/2015
    guest
    Thanks again. I'll find a recording and/or transcript. There was no point listening in on my silence so I went to watch my inner movie. :biggrin:
    �
  • 1/1/2015
    guest
    Ah my favourite part, how sweet to be able to do that. Tesla is not dancing to anyone's tyne, that's the attitude icon14.gif

    There is a serious business rationale behind such attitude. Cars can kill their owners and others (example GM) so it makes business sense to perfect the product before bringing it to market. It is far more expensive to correct mistakes, even only cosmetic ones, once the car is in production. Much easier and cheaper to do it pre production. Brand damage can be irreparable if product is released before being ready. For a car maker, brand damage translates directly into revenue loss. That translates into sp drop.
    �
  • 1/1/2015
    guest
    Pre-market trading is puzzling; first up solidly, now about flat to yesterday's close. If this weakness persists into the trading day, it might be a good buying opportunity. I liked the long term messages in the letter and call, and I didn't see anything in the short-term results that suggests they can't achieve the long-term goals. As an investor, that's all that I really care about. This past quarter's EPS? Not meaningful to me.
    �
  • 1/1/2015
    guest
    To me it looks desperate like someone is short and trying to push it down so they can cover their position. It could be an interesting day. I could also be imagining things.
    �
  • 1/1/2015
    guest
    Short interest is still pretty high given what we know is in the pipe so I don't think you are imagining things.
    �
  • 1/1/2015
    guest
    The good news with premarket being all over the place won't that play into volatility a bit and keep it high? I mean sure we had an ER and there was a lot of information given... but the news was a bit all over the place. Some positive and some negative so it could really keep the IV high (I mean not as high as before the ER, but certainly not a full on collapse... right?)
    �
  • 1/1/2015
    guest
    The next two days will be interesting as the whole market digests the ER/CC. There may be some big money that wants to see the price abouit $230 so that all those big prices on the Nov 7 options are collected by someone else other than all of us.
    �
  • 1/1/2015
    guest
    Sold my puts for scrap.

    Bought a bunch of otm and way otm weeklies with the scrap money from the puts about 3-5 mins after open and the IV collapsed.

    The first set I bought is up 90% already and the other set is up 20%
    �
  • 1/1/2015
    guest
    Great move!!!

    There is upwards pressure and I bet we might go above 250 today... Or maybe I'm just being overly optimistic.
    �
  • 1/1/2015
    guest
    255 close is my guess.
    �
  • 1/1/2015
    guest
    Well, my position looked like total crap this morning... haha! I was like... well there goes all my play money it was fun while it lasted... and I just committed to holding through since there was no point in selling off my weeklies for pennies. Needless to say I am glad I am still holding on. Looks like the short attack has failed in spectacular fashion and the stock is just climbing! I might pull my weeklies not just back to break even but actually make some money when this is overwith.

    Man, this is such a volatile stock!!!

    - - - Updated - - -

    Oh and my lesson learned is always keep a little cash for post earnings... I wish I could have had some money to play like you Johan :D Sadly all my capital was officially tied up at the end of yesturday.
    �
  • 1/1/2015
    guest
    Only had 10% of my trading cash left this morning but the weeklies I was able to snag at the open sure look green now.
    �
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