1/1/2015
guest Plenty of tidbits in there, but nothing huge (I don't think we were expecting 'huge' news though were we?)�
1/1/2015
guest And the reaction seems to be "Meh". :wink:�
1/1/2015
guest The lease pricing news is nice and the Q&A gave us some good long-term positive info, too, but I don't think that's enough to put my weekly 190s or 200s in the money, so I dumped them for a small gain. I don't think the stock will move too much barring other news, like NHTSA. If that happens, I will jump out of my (ground floor) window for selling early.
�
1/1/2015
guest Well, I managed to fail today pretty miserably. Unwound a call I sold as things were up not too long before Elon's speech, my thinking that momentum would only stay the same or increase based on good news from him, and bought some calls for the $187.50 strike about a 1/2 before he was scheduled to talk. And the stock of course closed lower at end of day than at the start of his speech/presentation.
So, lost money both ways there, basically negating the gains in my underlying stock.�
1/1/2015
guest I had bought 100 shares at 177 on top of my normal 700, and then rolled my short calls up from 170 to 195 when we fell down in the past day to 174. Today's pop was decent as i dumped the extra 100 shares at 182 and then started naked shorting the 190/192 calls.�
1/1/2015
guest It seems like when we reach a new high during this current run-up, there is usually a small pullback before it goes up again. I sold off my weeklies and all my other February calls (didn't have too many) at 184 today that were all very green. I kept all my March22 calls (and LEAPS) but expect a pullback in the next couple weeks before earnings day and I plan to get back in on shorter calls then. I see this as win-win because if it keeps going up my other calls will still go up, and if it goes down I have traded out of all my calls that would have been eaten up by time decay and can still get back in during a possible pullback anticipating a run-up to earnings.
Curious what strategies you guys are using.�
1/1/2015
guest I'm actually doing the exact same thing.
Was thinking today of perhaps getting into from Feb 28's (Just slightly OTM) within the next week or so to take advantage of any IV spike prior to earnings. I can't see there being anything close to what there was in previous quarters now that 6900 is out of the bag, but I'm content to nibble as the longer term options do their thing.
I tend to avoid weeklies because there's a ckessel (Sorry) for every Mershaw2001.
I've been tempted to sell some calls the way Sleepy was mentioning a while back, but I just don't have the minerals for it at the moment. +$7 days are too common and unpredictable.�
1/1/2015
guest Did I miss some major news? Pretty big jump this morning. I wonder if the Supercharger continental crossings are getting attention.�
1/1/2015
guest Looks like we're going to start the day off down about $3 (based on current AH trading). Too bad -- I had hoped to sell some covered calls to take advantage of this surge, but I was on an airplane during most of the afternoon trading hours yesterday.�
1/1/2015
guest I think you spoke too soon.�
1/1/2015
guest Kicking myself for not setting up next weeks weeklies first thing this am.�
1/1/2015
guest High Norse,
at what time will the Q&A in Oslo begin tomorrow?
Tomorrow the shorts can not react immediately on what Elon will announce.�
1/1/2015
guest Q&A in Oslo tomorrow starts 10.00 CET. Official Tesla feed will be on teslamotors.com according to an e-mail that went out tonight.�
1/1/2015
guest Yikes, so 1AM Saturday Pacific or 4AM EST http://www.worldtimebuddy.com/
It's going to be a long night!
�
1/1/2015
guest Whoa, wonder what they are announcing that they are going to provide the feed.
By the way, the support of the TMC community providing live feeds of these meetings has been fantastic! I am so thankful that this community exists.�
1/1/2015
guest The link just points to Tesla Motors | Premium Electric Vehicles
�
1/1/2015
guest Strange 1) that they would put a live feed for this event, and 2) that it would be in the middle of sleepytime, USA. 1 would seem to indicate that something largish is to be announced, and 2 would seem to contraindicate.
�
1/1/2015
guest Just wanted to echo what Theshadows said, and thanks for the live feeds Nik West and whoever provided the Amsterdam feed.
I just bought some $195's for next week for the new ATH, and then I read that a live feed will be provided by Tesla so it makes me feel better about my bet. I think that they will be announcing the version 6 software officially.
You damn know that Elon did not just travel to Europe for town hall Q&A sessions. I am sure that he has something up his sleeve; whether it moves the stock though is a different story.
Good Luck to all!�
1/1/2015
guest He explicitly stated in the live-stream today that version 6 would be released in a few/couple (can't remember which one) weeks.
And he did have something up his sleeve. It was the lease and financing options along with the renewable utility reimbursement. Not to say there isn't more to come, especially with an official live stream... but I wouldn't say its a sure thing at all.�
1/1/2015
guest I think that Elon's final announcement could be about either imminent or already under way significant production ramp-up (it makes sense that such an announcement would be outside normal trading hours, and would be made in Norway, where my guess the reservation backlog is the largest) see post linked below for details:
Elon in Munich on Jan 30, 2014 - Page 4�
1/1/2015
guest I thought we would be closing at 185 today. Looks like it's heading for 180. That's better for next weeks calls.�
1/1/2015
guest Time to load up ? :wink:�
1/1/2015
guest Short Term TSLA Investor Social Chat
I didn't go crazy. Spent about half of this weeks realized weekly gains for next week. I factored in the 190's that I didn't sell and are now worth 0.
I have 185, 190, and 195. The 200 I tried to sell never got executed.�
1/1/2015
guest Did precisely that. Bought a bunch of next week $195 calls. Just before the drop took some more ER plays for March various expirations and strikes...�
1/1/2015
guest I grabbed some 185s and 195s. Not as confident as you and sleepy on those (195s) but they are inexpensive. I will owe you and Robert a beer if they play out well.�
1/1/2015
guest I got a few 195s as well, glad to see other people are thinking the same.�
1/1/2015
guest Ditto on 195s. Kick some butt, Elon!�
1/1/2015
guest Well...Now we all have to watch the 195s next week. :biggrin:�
1/1/2015
guest Short Term TSLA Investor Social Chat
The 195's have the ATH to break too which might account for the discounted price. Lots of resistance there I think.�
1/1/2015
guest That was my thinking/hesitation. I also think the round number $200 may present a sell off by people who got in near the top and just want to collect a profit and move on. I get this sentiment. While I personally will not be selling at this level I consider myself a 'weak long' by the forum definition in that if I see a 'black' or 'gray' swan event I will sell to protect gains and buy back in at a lower price.�
1/1/2015
guest I have no plans to keep them till Friday. They are mostly a weekend play.�
1/1/2015
guest I asked this several months ago and it may lead to a new thread (or dead thread) but I have been looking into Lithium mining companies again. With the 'Giga' battery factory there will be a need for 2-3x increase in worldwide mining/refining. SQM, Chemical Mining Company of Chile seems to be sitting on a large amount of the metal. Currently their business is mostly on plant nutrients/fertilizers with only 11% of their income coming from lithium. The stock lost about 50% of it's value in 2013. Any positive or negative thoughts?
WLCDF, A US start up (Western Lithium USA Corporation), shares sell for about $.30. They are in the construction phase and plan to mine lithium and (get this) a compound used to help in drilling/fracking. ??
(It was up over 8% today)�
1/1/2015
guest IIRC there is more cobalt that is needed than lithium. I'll look later to see if I can find the thread that was discussing it.�
1/1/2015
guest Couple tidbits on this for you. First, from Lithium - Wikipedia, the free encyclopedia:
"However, according to a 2011 study conducted at Lawrence Berkeley National Laboratory and the University of California Berkeley, the currently estimated reserve base of lithium should not be a limiting factor for large-scale battery production for electric vehicles, as the study estimated that on the order of 1 billion 40 kWh Li-based batteries could be built with current reserves."
So I don't know if mining/filtering/producing more of it is really going to be that profitable for companies other than the oligopoly of two that already does it.
Second, straight from Elon's mouth on the Q3 call:
�
1/1/2015
guest Still, increased demand will cause the cost to go up, just not to a level damaging to TM's prospects. Or, costs stay flat but volumes increase exponentially. Profits go up accordingly, right?�
1/1/2015
guest In the Netherlands today he mentioned the home battery storage systems being available globally end of this year beginning of next year.
Confirms what I have been telling people, Tesla is a battery storage company with the worlds best car wrapped around the battery.
I want those battery backup systems to sell to our solar customers, they even make them up to megawatt scale. I talked with someone in the charging infrastructure department about selling them and he said to check back later.�
1/1/2015
guest True, that could be the case. I guess the major point is that nickel and cobalt can be reclaimed from copper and sourced in all kinds of other ways, and lithium is a pretty minor component that isn't really in short supply, but the prices might rise a bit, I suppose. I've also always been skeptical of investing in mining companies of any kind, would rather just buy the commodity or "mined thing" directly to eliminate risk of company managment / execution / etc.
But by all means, go for it if you think it's worthwhile. Seems like a longshot to me.�
1/1/2015
guest Problem with lithium is that there is no direct spotmarket for it. Buyers have to negotiate directly with the producers, hence i would not consider lithium(carbonate) as a traditional commodity. Thats why i have a small position in LIT ETF, which covers multiple players in the lithium industry�
1/1/2015
guest I expect to see headline Monday "tesla cross country car breaks down". Bot pick up could drop price, make for a good buying opportunity. Of course the car was an ICE support van.�
1/1/2015
guest Short Term TSLA Investor Social Chat
One reason sqm lost so much value is because its diversified, they don't do only lithium. There was a potash cartel which got broken up in Eastern Europe this last year,and all potash stocks lost like 40% that day. There aren't really any pure lithium mining plays. Not only that, but what the shadows says is right, lithium is very plentiful. I wouldn't buy sqm, they're too big and too diversified. Mining companies are boring anyway.
There is one lithium related stock I sort of watch, FMC. They filed for the permit to mine the huge lithium deposit they found in Wyoming. That could turn into something. But I doubt I will play it. Also the other competition for the permit is run by a guy who is in the Wyoming senate, though his company has like a 100k market cap or something tiny.�
1/1/2015
guest Haha, that made me lol. Sorry. Please continue discussion. ;-)�
1/1/2015
guest I sold the last of my options today. I don't think the price is too high but it is higher so I decided I was happy with my profits.�
1/1/2015
guest I sold off my weekly $195's at a loss that I bought on Friday. Would have kept them till tomorrow, but needed to raise cash to buy some SPWR on weakness for a short-term ER play.�
1/1/2015
guest I bought a bit of spwr too... and boy oh boy was that a mistake. Look at that nose dive.�
1/1/2015
guest Gotta love weeklies. I am holding my small 195 position (which at the moment is even smaller) but bought 180s on the dip. Maybe this is the week we all don't do well with weeklies.�
1/1/2015
guest AlMc we must think alike. I got some 180's too. Still holding everything i bought last week. I also bought a tsla leap and a csiq leap. If we get a second dip I will get a feb expiration option for an ER play. I bought my ER plays too early for Q3 last year. Going to do so much slower this time.�
1/1/2015
guest I'm now all set up for earnings. 192.50 Feb 28's and 175 Mar 22's. I've had the Mar 22's for some time already and they are already pretty green. I also got back into a few weeklies today just because it was too tempting not to.
My my intent is to sell the Feb right up before ER and I'll likely sit on the March calls and decide post earnings. Wish I had more capital to deploy towards the Solars, such a discount today.�
1/1/2015
guest Anyone else worried, that this is just the tip of the iceberg for the market? As I was pointing out early-mid January the market has been primed for correction and it looks to be this one now. The ATH of indices and ATH of margin probably means that there is a lot of fuel to tear the market down. Some 10% or more to drop still might well be in the books.
For LEAP and stock holders it's a storm in the teaspoon unless this balloons to 2008 like proportions and we lose 40% of the market. While TSLA may show strength on given days it can't quite fight the market at large in panic mode and profit taking. So what do others think. Indices dropping 2-3% in one day in a mostly red to red weeks isn't that common and don't think it's the bottom...�
1/1/2015
guest I think your answer as to the correction will be in what happens tomorrow. Today it flirted with the 200 DMA, just crossing it. I think that's the technical area that everyone is watching. I think it bounces, but i'm an eternal optimist (and one who lost 20% of his portfolio value today.)�
1/1/2015
guest When the 180s dipped below $3.50 it just called to me. (Not sure if it was saying: "Buy, a great deal/money to be made OR Buy....you fool...money to be lost")
- - - Updated - - -
Mario, I just don't know. I have decided to try to be an optomist. The decade prior to this one was 'the lost decade' and many of us are hoping to make up for that one with a 'mostly' positive decade. If I am wrong then I guess many of us go down together.�
1/1/2015
guest I paid 3.85. :6. I hope it works. I didn't buy anymore on the dips. If all these weeklies expire worthless it will suck, but I know the risk and it is what it is.
On the other side of the coin I got some csiq and tsla leaps that I am very happy with. I used some of the money made from last months options.
Although I will be watching the market closely tomorrow am. I'm going to be re-reading the apple doc that ongba put together tonight, specifically the 2008 timeframe to see what worked best if the whole market decides to turn.�
1/1/2015
guest I confess to having sold covered calls first thing this morning, which helped remove some of the sting in today's markets. Of course, the vast majority of my portfolio isn't TSLA, so the overall picture from today isn't pretty.�
1/1/2015
guest I was reading earnings conference calls on seeking alpha today and came across the note at the bottom:
"Copyright policy: All transcripts on this site are the copyright of Seeking Alpha...You may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha and either link to the original transcript or to Seeking Alpha - Stock Market News Financial Analysis . All other use is prohibited."
Now, just as a matter of discussion, it seems to me that this is incorrect and that seeking alpha is wrong. I wrote them to ask if they do indeed hold the copyright, because it is my understanding that the copyright remains with the person who spoke the words, and unless there was a transformation of some originality injected into the transcript, then the copyright is not with seeking alpha.
Here is what I wrote to ask them about their policy:
If these transcripts are accurate reproductions of the words of executives at a company other than Seeking Alpha, and if there is no originality involved in taking notes, as appears to be the case on seeking alpha, it would follow that the words are actually the copyright of the person speaking and not the copyright of the person listening and making a transcript.
My cursory reading of google "transcript copyright" results indicate that if the transcript is perfectly accurate, there was no originality in the transcript creation and the act of transferring from spoken to written is not a reason to gain a copyright. The 10th circuit finds that Court reporters do not own the copyright of the notes that they take verbatim.
So, as a Seeking alpha user, I am curious how seeking alpha can so blatantly claim to own the copyright to these earning transcripts. Feel free to correct my understanding of the law, as I am genuinely curious.
-----
Does that seem accurate or am I missing something?
ps watch me get banned from SA or something stupid like that.�
1/1/2015
guest SA injects so many errors into their transcripts that they might fly as original works of fiction. Elon's Q2 2013 statement "we will be opportunistic about raising capital" was transcribed as "we will be optimistic about raising capital." When I saw that, I stopped reading any of their transcripts.�
1/1/2015
guest Their transcripts might have some errors but it's a great service they provide to give earnings transcripts for free. I read a ton of them as I think following earnings calls are critical to keep in touch with the companies I follow. And for the important calls, I'll listen in directly to catch the nuances that can only be caught with audio.�
1/1/2015
guest Don't be confused with "service to others" and "profit generating mechanism". Getting all the transcripts is a boon to us, but it comes at a price as it drives a lot of traffic to their site and gains them advertising revenue. I do appreciate the fact that they post the transcripts. Actually, I assume they make advertising revenues-do they?�
1/1/2015
guest Yes they make advertising revenue from their site and that's fine. All I'm saying is that I appreciate their transcripts a lot.�
1/1/2015
guest Although we're down ~$7 today, it's only my weeklies and short term ER plays that are really affected. Just a good reminder of the usefulness of protective puts I guess.�
1/1/2015
guest Same here, however now I own more options.�
1/1/2015
guest me 2; added more solar (really a beta add converting stock to LEAPS) and straight-up added TSLA J16 LEAP�
1/1/2015
guest out of curiousity, what strike leap did you add? been trying to decide where to add myself.
thanks in advance,
surfside�
1/1/2015
guest $250 strike for the J16 expiration�
1/1/2015
guest thanks ken. i went ahead and bought that same option (why not have some solidarity!)
out of curiousity, what time did you execute the trade? i was able to pick mine up a little bit cheaper than yours (mine executed at $25.34), so i'm assuming you didn't do it early in the morning slump?
anyways, best of luck to us both�
1/1/2015
guest I'm stoked, twtr just bombed after hours. Amazon bombed after earnings. Netflix is selling more debt and i don't see many people wanting to touch that- so where will all that money go? I'd imagine the "high flying portfolio" of all the tech stocks will move in sympathy to twtr, but then that money flowing out of twitter has to find a home somewhere else, and if Tesla has good earnings as they have telegraphed, then that money is coming here. ]�
1/1/2015
guest Wow. Bomb is an understatement for TWTR. Not unexpected, but.. wow.�
1/1/2015
guest good deal surf; yeah I was a little later getting there after (I was busy with solar stocks at the time); TSLA had recovered some- glad to see you hit closer to the bottom nice going. It'll be a long bumpy ride no doubt- good luck to you as well!�
1/1/2015
guest Sleepy,
It sucks to be right about a stock, but wrong on the timing. Have any insight into TWTR? I'm thinking of buying puts based on momentum going the other way as it did with TSLA after 3rd qtr results.
�
1/1/2015
guest S&P hit the 1770 resistance point like a brick wall.�
1/1/2015
guest Give it some time. I sold my spy's at 175 so the correct move is to be long right now :/�
1/1/2015
guest Oh i fully expected it to happen. Just hoping it wouldnt haha. Tomorrow is the market mover day.�
1/1/2015
guest I really think it's a matter of time until Tesla is added to S&P 500. Stocks in the S&P 500 do not have short interests approaching 40% of float. Think that will force a move down to less than 20% of float short.
The million dollar question, is when will Tesla be added. Believe the only test that Tesla does not yet pass is the GAAP profitable for prior 4 quarters test. Think in 2014 as international deliveries make up a larger percentage of sales, and Tesla financing program makes up a smaller percentage, that GAAP profitable throughout 2014 is a strong possibility.
If S&P 500 uses Tesla's non-GAAP numbers for the profitability test, then addition could be as soon as March!�
1/1/2015
guest Volume has been very low over the past few days. Are people (and bots) just waiting for the shoe to drop?�
1/1/2015
guest If pre market is any indication of how the day is going to go, longs could have a very good day.
�
1/1/2015
guest Few shares traded but I agree it has the makings of being a good day. Closed out my weeklies yesterday on the morning uptick. may have missed by a day with my 180s.
PS. Funny how our portofolios look similar.....�
1/1/2015
guest I sold some weekly 185's yesterday for .60, then bought them back for 0.25 this morning, and a few minutes later sold them back for 0.42.
Anybody else here do things like this? It is very easy to make money this way when you are the seller, because the time premium decay is on your side. It is a lot harder when you are the buyer.
I always have my short positions covered, so I don't do naked options.�
1/1/2015
guest I've considered it, but I don't quite have your discipline and skill. Nice to watch you work, though.�
1/1/2015
guest I have started doing this on days 'off' from work when I can keep a close eye on price movements. Did it with 180s this week. In and out 2x. Nothing today. Just finishing uip at work so may look at the situation now.�
1/1/2015
guest I also sold some $185's in a different account for 0.78 this morning.
It is easy to scalp pennies on Th/Fr right before expiration: there is always someone willing to take a flyer to hit it big.
This strategy is picking up nickles in front of a steam roller, but I think that in the long run you will definitely come out ahead, even if you end up losing a 5 bagger every now and then.�
1/1/2015
guest I'd like to learn how to do this. It's really hard for me to take a bear position against tesla even for the short term. I sold my 180's I purchased last week for a 20% loss. I will make money on my 177.50's but the options 185 and above will likely expire worthless unless we get a nice bull run this afternoon. Overall a negative realized week.�
1/1/2015
guest How is your position covered when you sell it? Thru actual stock holdings?�
1/1/2015
guest I have other call options that I am long.
edit: and because of this I will never get a margin call.�
1/1/2015
guest But those other call options would have to be at a strike price of same or lower than the one u r selling right?�
1/1/2015
guest exactly correct, and they would have to be at a expiration date further out (which is implied since I am selling the weekly)�
1/1/2015
guest Just made my first profitable options trade - sold today's 180 for $3.15 for a 100% profit (bought them on Wednesday). Looks like TSLA's price keeps creeping up, so I might regret selling it, but anyway, sold for a profit�
1/1/2015
guest And now you are officially addicted. Good luck in the future and know that weeklies are very risky and you will usually lose money buying them.�
1/1/2015
guest It is addictive, indeed�
1/1/2015
guest Sorry, I misread your strategy. I have not sold any calls to open a strategy. However, I have bought and sold the same strike price option 2-3x in one day to take advantage of some swings in price. I am still new to options so I have not tried more advanced strategies. Still hold 90% of my TSLA positions in mostly stock and some LEAPS.
edit: I have been tempted to look at ways of profiting from the volatility in DDD, TWTR and LNKD. Still not confident enough to pull the trigger on those.�
1/1/2015
guest Looks like my options strategy is about to backfire on me if TSLA goes up another $1 and stays there. That's why I only sell calls that are "covered", because my long positions are actually doing a lot better than my short is losing. Even though I sell these options, my portfolio will do best if they finish ITM.
It limits upside somewhat, but more often than not they will expire worthless.�
1/1/2015
guest It appears there is some strong motion up over 185...small short squeeze before expiry?�
1/1/2015
guest yeah I've been doing this for the past few months. I think that technically i'm selling the options uncovered, but to hedge against a move that would mess me over (like the 5 bagger you speak of) I keep several hundred shares of tesla covered with 200 to 220 strike april may and june options. I guess essentially it's the equivalent of some sort of butterfly or condor or something, frankly i don't care what the name is, I'm hedged against large movements by the shares and i try to make extra money by selling calls short. I never sell puts short anymore because then my risk is compounded if the stock moves down. That messed me over when the first fire came along. I think that day the stock went from 194 to 184 and I sold weekly puts short (for the first time in my life) and bam- it ended at 171.
When i sell options short, i try to go for ones that are about 1 dollar, and time it for after tesla makes a run up (i wouldn't qualify today's run up as one unless it hits 187) and then I sell 2-3 at a time, never more than 2x the number of shares I have (so never more than like 10 or 12 contracts short)
For instance this might be the setup i'm going for, hypothetically:
+600 shares
-6 june 220's calls
-12 feb 7 weekly 195's.
Oh yeah, and i almost always have a margin call, for the past 4 years. It used to be to load up on stock, but now I use a 50,000 dollar margin call to pay for the requirement on the short options, and since I have 5 days to settle the call, i only sell short the options that expire in a 7-10 day window and close the position out after 3-5 days, before the margin call is due.�
1/1/2015
guest Is there a way to take advantage of this 'pinning' against the 185$ strike price?�
1/1/2015
guest moved post to short-term price thread (posted here accidently)�
1/1/2015
guest Govt tends to release at end of week after hours...agreed�
1/1/2015
guest Nice close for the week. I'm pleased, I had losses on weeklies this week but with the gain today I managed to salvage some of them. I sold my 180's too early but I didn't want to risk it. They could have been winners for me but I have seen the day trail off too many times before to risk it.
Looking back, Wednesday I should have been thinking about next weeks weeklies too. I was only thinking about this weeks and LEAPS.
I created a nice delayed bull call spread on csiq today. Jan 15 17/40.�
1/1/2015
guest I ended up covering my $185's at a small loss, but overall I am happy because my long TSLA positions more than made up for that loss at least 50-fold.
I like to sell weeklies just in case TSLA stays flat, goes down, or up only a little. This is a great way to generate income most of the time, and when they finish ITM it is a sign that my portfolio has done really well. Overall, it is a win-win situation.�
1/1/2015
guest I'm joining the lottery again; bought 2 weeks (14th) 2 Calls 180 for 4,25 on Wednesday, sold 1 today for 8,50, will let the 2nd run. Also bought 4 week (28TH) 2 x 190 FOR 7,25, will sell the 1st one for 14,50. Already 11.9 after two days. I feel like a novice on this short time options, so I go for options at least one week+ ahead. I also hold a March call 150, bought for $49 some time a go, that I do not know where it is headed, as the time premium is going down. Thinking of rolling to 2 x 180. Any thoughts?
My balance is 1109 stocks and 11 call options DTM Jan 16, from 60 and up.�
1/1/2015
guest How many Model S have you made now Wenche? I also believe you are the one of the only one here who have never sold a single share?
Good luck btw, I got some $190 for next week.�
1/1/2015
guest So you're selling OTM weeklies (since 185 was OTM at the time) and own another OTM call much farther out? Or are the strikes for the two relatively close or is the farther one deeper OTM?�
1/1/2015
guest The long call cannot have a higher strike price if you want to avoid maintenance margin.�
1/1/2015
guest Thanks for the tip Curt!! Set a GTC order on OptionsHouse for $400. My order for $1000000 was rejected for some reason?�
1/1/2015
guest Revised Anti-Dealership Petition
I�ve created a new petition to the White House asking them to prevent states from forcing a manufacturer to sell and service through franchised dealerships. It does not specifically mention Tesla Motors, which may have been the problem with an earlier petitiion. Related information appears in another thread I have initiated within this message board: http://www.teslamotorsclub.com/showthread.php/27274-Revised-White-House-Petition-Opposing-Franchised-Dealership-Laws�
1/1/2015
guest Hoping for an "awesome" report�
1/1/2015
guest
thats too funny (per Elon's Lego tweet)�
1/1/2015
guest Are we going to test all time highs pre market?�
1/1/2015
guest Glad I got up early today to check on things. This is going to be a helluva day.
Adios old ATH!�
1/1/2015
guest Straight climb through ATH within 10 minutes of opening. Solar is also up across the board. I'm having a good day.�
1/1/2015
guest sold some risky March 220 calls that I still held when we reached ATH. And then hedged half of my March 7th 195 and March 21st 200 calls when we blew past 195 as I expected a pullback�
1/1/2015
guest You planning to hold all your LEAPS past earnings, Mario, or are you thinking of selling right before when IV is high?
What a gloriously green day for my own portfolio. Onward we go, up up and away, to infinity and beyond, etc etc�
1/1/2015
guest Tough call today with my LEAPS... I have a large amount of Jan 15 250's ($15.15 cost basis) I'm really debating if I should hedge these to make zero cost spreads with the $280's or if I should let them ride? If we have a significant pull back from today it will be worth it, otherwise I don't think so.
I'm also holding a lot of March $210's which are doing very well ($4.70 cost basis), I will let these ride. I'm thinking that price is within striking range after a solid report.
Mario. Why did you hedge with such high strikes? I'm assuming those strikes gave you zero cost spreads. Do you predict that we will reach those target prices in March? If not, wouldn't it have been better to hedge with lower strikes?
Wow. Go 197! Squeeze time? 200 today?�
1/1/2015
guest I sold half my march 250's today as well.
I really screwed up on Friday. I bought a weekly in my leap account and made a mistake by buying only 1 contract instead if the 10 I wanted. I guess I should set them to default to the same number if contracts so I don't do that again.�
1/1/2015
guest 200 here we come.�
1/1/2015
guest Those $200 weeklies I bought on Friday a few minutes prior to close for $1.90 are looking really good right now�
1/1/2015
guest Heh, I had weekly $195's that expired last Friday...1 day late.
Edit: whoops, they were 192.5's. Yay.�
1/1/2015
guest Yea to bad this didn't happen last week. The premiums on this weeks options were really high on Friday so I bought 1 lonely contract. At least I had half of my earnings play for the monthlies bought.
I just have deer in the headlight look now, not knowing what to do. I almost want to buy a few puts but this is tsla we are talking about. At the same time I want to buy a few ITM weekly calls. And I want to lock in profits but I wanted a bigger position for earnings. Maybe I'll just sit and do nothing today and see how tomorrow opens. (Short people will be getting margin calls tonight though.)�
1/1/2015
guest I traded some Feb 28 192.50 Calls for some Feb 22 180 puts earlier today. I know it's TSLA we're talking about, but last ER I had every free cent into bullish moves and that was not smart. Even if I lose these puts, I can't stand not being protected to the downside. I'm allocating maybe 5-8% of my one account to build a protective position. I'm otherwise very bullish, but holding all of my positions the same as when I set them up weeks ago. All of my calls started OTM and they are all now very ITM. I'm content with that.�
1/1/2015
guest regrets from first short squeeze
many of us have seen short squeeze before. wonder if any have regrets in how it was played. i will go first, i missed the end of it by watching the volume thinking when it dropped the squeeze was over. this time around if it goes above 220 will start selling in aloquots to buy back later on drop. would not dip below half my position.�
1/1/2015
guest I'm not sure we ever saw a squeeze. A squeeze has a rapid rise and a rapid decline where the price was falsely inflated from shorts covering. We never really had the rapid decline until Tesla had a disappointing (by expectations) Q3, rather than due a finish of the shorts covering.
Not sure we'll see a squeeze now either. I rather doubt it. At best, the squeeze accelerates the ramp up to the next stable stock plataeu.�
1/1/2015
guest My only regret was not having a boatload of June 100's that were bought for $0.05/contract. Those days are long gone now, you can't even find $380 strikes for reasonable prices.
I'll hold as long as I can, some of my short term positions will come up for expiry, but none before the ER. My LEAPS are glorious, wish I had more, but those were some expensive seats.�
1/1/2015
guest "The Squeeze Is On"
My parody of the 1965 pop/C&W hit song �The Race Is On�:
Shorts feel tears wellin� up from deep inside like their hearts gonna break. And the stab of bankruptcy sharp and painful that they may never shake. You might say that they were takin� it hard since Musk gave them the final goodbye. But don�t you wager that they�ll hide their sorrow, but they may break right down and cry.
Now the squeeze is on and here comes Telsa up the backstretch. Hedge Fund�s a goin� to the inside. Shorts� tears are holdin� back, they�re tryin� not to fall. Their bet�s out of the runnin�, money scrapped for the shareholders� sake. The squeeze is on and it looks like Tesla, and the winner takes it all!
1965 Jack Jones version: http://www.youtube.com/watch?v=rDdV14A_KQI�
1/1/2015
guest people get excited for reason short or long.. remember it is all temporary in stock....cash it while you can�
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