2017 Investor Roundtable: TSLA Market Action

[Peoria]

But there was no rumor for the news to be sold upon. Adam Jonas just upgraded TSLA and the shorts are rightfully wetting themselves. Up 10 dollars now.

Agree. But using this strategy has worked well for me in the past. When there is a rumor, buy. When there is news, sell. The two events don't have to necessarity coincide. Today would definitely qualify as a news day though and I'd take my profit and use it to buy another day. Since I missed jumping in yesterday and I'm not part of today's party, I'd treat my thoughts for exactly what you paid for them. Would have been nice to have been in as of yesterday though!

 

[Mike Smith]

I think a lot shorts were hanging their hats on Adam Jonas knowing something about a M3 delay. Now that all hope is lost there is really no reason to wait for a pullback before exiting. The losses are still minimal (and explainable in the case of institutional shorts).

 

[AlMc]

I do like the MS note, as does my portfolio, but I smell a cap raise.

 

[Nate the Great]

I wonder if AJ planned on releasing this positive news during option expiration.

The last triple witch was 27 December 2016, there was similar price movement.

 

[Kenriko]

$248 as of this post.

 

[Mike Smith]

I do like the MS note, as does my portfolio, but I smell a cap raise.

I think raising at these levels will only help TSLA.

 

[Gtoffo]

What? My J20 250 LEAPS are worth almost 2 dollars according to IB.........

Now the question is.....what to do with my other LEAPS that I was too lazy to trade for a heavy loss and now are almost alive. Sell at the open or wait for it?

 

[ZsoZso]

I hear some rumors about a sequel to the "Silence of the Lambs", titled "Silence of the Bears"
If Anthony Hopkins is not available for the lead role, maybe Mark Spiegel can take over

 

[dc_h]

I do like the MS note, as does my portfolio, but I smell a cap raise.

I hope not, but if they do, I think it would be 5 billion, to pay for GF2.
If they did that and raise guidance to 1.5-2 million the market might be positive, if they don't freak out at the hubris

 

[AlMc]

I do like the MS note, as does my portfolio, but I smell a cap raise.

I am TOTALLY OK with a cap raise.

I am looking at the timing of this note: right before triple witching option expiry. This is going to move a LOT of money.

Kudos to all ST option holders (calls obviously ). My shortest are June 17 240s. Most options for me are LEAPS.

 

[Gtoffo]

Kudos to all with ST option holders (calls obviously ).

Those ST options started out as LEAPS (bull call spreads). That story isn't ending well but at least not underwater at this point. But I was holding out of desperation and delusion NOT ability.

Stay away from short term options folks. Fools gold.

 

[NOLA_Mike]

Most options for me are LEAPS.

My Jan 2018 $200 that I started accumulating last year ITM and then watched go OTM (where I continued to add) are looking quite nice right now...

A cap raise would not totally offend me but I'd much rather see them "go it on their own" and think that would send a much stronger message that they are well on the way...

 

[Gtoffo]

My Jan 2018 $200 that I started accumulating last year ITM and then watched go OTM (where I continued to add) are looking quite nice right now...

A cap raise would not totally offend me but I'd much rather see them "go it on their own" and think that would send a much stronger message that they are well on the way...

Closing straight calls off by selling deep OTM calls when stock is high has saved my ass more than a couple of times. Take it into consideration as a safety net.

 

[TrendTrader007]

TSLA is simply the hottest stock for 2017 and beyond. i am holding it for the rest of the year and see what happens. i have made enough money in TSLA already to buy a whole fleet of Models S and X yet i drive a 2009 Honda Civic and patiently wait for Model 3 for which i have 3 reservations
i am heavily on margin and have numerous calls and i am not selling a single call or a single share.
i gotta feeling that this stock will make me a fortune this year and beyond
shorts are about to get squeezed super hard

 

[Gtoffo]

TSLA is simply the hottest stock for 2017 and beyond. i am holding it for the rest of the year and see what happens. i have made enough money in TSLA already to buy a whole fleet of Models S and X yet i drive a 2009 Honda Civic and patiently wait for Model 3 for which i have 3 reservations
i am heavily on margin and have numerous calls and i am not selling a single call or a single share.
i gotta feeling that this stock will make me a fortune this year and beyond
shorts are about to get squeezed super hard

Been there, done that.

Watch out... you seem new around here. Many of us are heavy bulls but listen to more seasoned TSLA traders: you should proceed with caution.

If you don't wan't to sell than at least get some protection (sell deep OTM LEAPS).

Some of us have been riding the TSLA rollercoaster for a while.....we've had our moments of joy. But a lot of blood and tears have been spilled too.

Be careful out there all it takes is a little f*re or a little reca*l or del*y to turn you joy into desperation. Margin and options cut both ways.

 

[1kEE]

$248 as of this post.

Obviously the 236 buy, 239 sell strategy is out. Glad I bought extra shares in the high 235....

Debating setting up some sells in the 248s or just enjoying the show.... think watching the show is where it's at.

 

[Crowded Mind]

80,325 available to short at Fidelity. 1.75%.

 

[racer26]

80,325 available to short at Fidelity. 1.75%.

Anybody know what they started the morning with for availability?

I'm thinking this dip right now from the 247-248 open is mostly new shorting activity.

 

[Dwdnjck]

Tesla up 7.98, Cramer babbling incoherently, great day.

 

[Alketi]

Obviously the 236 buy, 239 sell strategy is out. Glad I bought extra shares in the high 235....

Debating setting up some sells in the 248s or just enjoying the show.... think watching the show is where it's at.

Put a stop-loss at $244 and let it ride. This kind of action is exactly why stop-losses are preferable over selling at a specific price.