Social Chat - Short Term TSLA Movements

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I bought some GOOG calls this morning. Not expecting a pullback. Their ER was super impressive, especially with YouTube mobile clicks increasing. Analysts will likely be raising price targets to $1100 and $1200 soon. That will act as further catalysts.

I guess I should have said a short term pullback over a few days or a week or two while some people take profits before it slowly starts marching back up. This seems to have been the trend with TSLA but I can't remember exactly day by day. What calls did you buy if you don't mind me asking? I'm assuming you have done well on those, I wasn't sure what to do and I didn't see or read the GOOG ER, all my cash is tied up in TSLA right now for the next 3 weeks.

 

[DaveT]

I guess I should have said a short term pullback over a few days or a week or two while some people take profits before it slowly starts marching back up. This seems to have been the trend with TSLA but I can't remember exactly day by day. What calls did you buy if you don't mind me asking? I'm assuming you have done well on those, I wasn't sure what to do and I didn't see or read the GOOG ER, all my cash is tied up in TSLA right now for the next 3 weeks.

I originally bought 980 strike (3 weeks out) calls when stock was at 980 and then after it went up to 1010, I bought riskier OTM 1055 strike calls (3 weeks out). But this is after following GOOG for the past year (I would listen to their earnings call in full every quarter for the past year), so I had some confidence in my purchase though short-term OTM calls are always risky.

 

[Mario Kadastik]

I guess this is more appropriate for this than the short term price thread though I'm still confused on the split. But what the heck caused the selloff today? We're down almost 4% and no real news to justify that.

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Only thing I can imagine is redharel reporting:

* Tesla Motors Inc <TSLA.O>: JP Morgan raises price target to $93 from $83;
rating neutral

If that's true, then hey, buying opportunity

 

[fjm9898]

I sold the rest of my blue chips and I bought a few more calls today in case the stock is ready for a break out on monday. (maybe even today?)
So since i bought today, expect the GS report on tuesday to tank the stock. (Same move i made last time)

See i always say buy the day after i do..... This time it came on a monday instead of a Tesla tuesday.

 

[Citizen-T]

Looks like we can thank JP Morgan for the pre-earnings "upgrade" instead of Goldman this quarter. I'm going to buy some more Nov calls in anticipation of earnings.

 

[redharel]

See i always say buy the day after i do..... This time it came on a monday instead of a Tesla tuesday.

sounds familiar

 

[Tasmanian Devil]

Tesla Motors Inc (TSLA): Sell Tesla Now, Its Strategy Is Already Failing - Seeking Alpha

Lol. They are trying real hard now aren't they ? That's about as crude as You can get. Low. Low indeed.

 

[Gtoffo]

Wow.....this is insane....................

 

[ckessel]

Wow.....this is insane....................

Yea, bought options with what I had left as it looked like it'd hit a stable point. I'm getting crushed now. I may actually hit my margin limit, which a few days ago seemed very far away.

Should have been a good deal with solar doing well, but TSLA is so far red it's dwarfing anything in my solar profile.

 

[justthateasy]

Where's the bottom with the falling knife today? I've been seeing TSLA hit new daily low nonstop for the last 20 minutes and the stochastics has pretty much been flat in the oversold on my chart today.

 

[Cameron]

Yea, bought options with what I had left as it looked like it'd hit a stable point. I'm getting crushed now.

Same..

 

[Clemsons2k]

Good time to load up for earnings

 

[ZenMan]

Good time to load up for earnings

I thought that an hour ago. Underwater 20% on Nov Call Options.

 

[ckessel]

Good time to load up for earnings

Yea, thought that at 185. Then again at 183ish. And then again at 175ish.

What's the bit about doing the same thing repeatedly and expecting different results?

 

[Clemsons2k]

I bought in at 174ish so I'm not feeling too bad about it going much lower. My strategy was to not buy in anymore until theres a significant drop, and this definitely qualifies.

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Annnnd theres the start of the rebound it looks like.

 

[emupilot]

I had already considered myself to be "all-in" on TSLA - as much of my IRA as I'm willing to put on the line. Like Spinal Tap, however, if needed I can crank things up to 11. I bought some more Nov16 150 calls at the current floor (172 and change) and will buy a few more if it gets to 168 and then 163. I still have faith in TSLA to rebound over the next couple weeks.

 

[Mario Kadastik]

Well, seems bottom held? I got some options at various levels going down including the bottom but now I am all-in unless I close my short put, then I have a trickle more, got to within $300 usd of margin call...

 

[fjm9898]

i just did my largest weekly options trade i have tried with Tesla. Just grabbed a bunch of $180s
heres to looking for a quick recovery.

 

[ckessel]

Damn. This is the worst day I've had the entire year and it's not really even close. Worse than any days during the debt ceiling thing. Not just TSLA, though that's the majority of it.

 

[fjm9898]

Damn. This is the worst day I've had the entire year and it's not really even close. Worse than any days during the debt ceiling thing. Not just TSLA, though that's the majority of it.

Same Tesla is crushing me after i bought all my options on friday. But this stock is known to rebound, lets just see where the ride takes us.