Social Chat - Short Term TSLA Movements

[brianman]

If you could figure out how to move fitness (or fat) from one person to another, you would have yourself a trillion dollar business.

Especially if you could do it across continents (to malnourished regions).

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I generally don't keep up with the ST threads, so yah we may be near a bottom.

That said, on the way down I went a little deeper than usual into Jan '16 calls. Hopefully TSLA will have at least a few spikes in the next 15 months.

 

[chickensevil]

Well, after Elon's tweet my confidence about this being the bottom just went WAAAAY up Might want to load up on your shares and calls tomorrow if you are given the chance.

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Oh and his tweet happened after the after hours market had closed so we will have to wait for the early hours to even see if this tweet had any immediate affect on the stock. Good luck to everyone tomorrow!

 

[InTheShadows]

I think I might buy an oct 10 call or two at market open tomorrow.

If the macro market has a flat or bull day, tomorrow could be really exciting. I think we will gap up tomorrow.

 

[FANGO]

Well goddamit. I felt like something might happen, just had a feeling, since things were quiet and the quarter was ending and so many reports of Tesla employees working extra hard to meet delivery etc, and was planning to buy something today - some kind of options (either 400 '16 leaps or something with a post-earnings expiration probly around ~300 strike), since I figured the stock was getting close to the bottom. Planned to look into it sometime today near close. Of course I woke up and the power was out in the house all day long until just now, so didn't buy anything since I didn't have internet. Now Elon says this thing about D which means I'm sure we'll be gapping up tomorrow morning. Grr.

 

[brianman]

was planning to buy something today - some kind of options (either 400 '16 leaps or something with a post-earnings expiration probly around ~300 strike), since I figured the stock was getting close to the bottom. Planned to look into it sometime today near close. Of course I woke up and the power was out in the house all day long until just now, so didn't buy anything since I didn't have internet. Now Elon says this thing about D which means I'm sure we'll be gapping up tomorrow morning. Grr.

Well if it gaps up enough such that my oldest 400 strike leaps are profitable, I'll buy you lunch at the next TMC Connect. Does that help?

 

[FANGO]

Well if it gaps up enough such that my oldest 400 strike leaps are profitable, I'll buy you lunch at the next TMC Connect. Does that help?

Well, the idea was to average down the $400 '16 contracts I have (which I bought as part of a spread, and already booked profit on the $500 calls I wrote as part of the spread), because I think they'll go up from here.

 

[Muskol]

Since I've been on the sidelines since first week of Sept, I've been suffering from what my wife refers to as FOMO - "fear of missing out".

Last night my FOMO kicked into overdrive, or is it AWD?!

 

[chickensevil]

Since I've been on the sidelines since first week of Sept, I've been suffering from what my wife refers to as FOMO - "fear of missing out".

Last night my FOMO kicked into overdrive, or is it AWD?!

If it is stock, 246 (current premarket) is still a great price if this was the new bottom. Buy in today and you should be relatively OK. For options just give yourself enough time for it to top out. There is still plenty of upside from here

 

[Muskol]

If it is stock, 246 (current premarket) is still a great price if this was the new bottom. Buy in today and you should be relatively OK. For options just give yourself enough time for it to top out. There is still plenty of upside from here

No doubt, certainly better than the 280's where I closed everything off. Thanks.

 

[uselesslogin]

I'm glad I did some buying on Tuesday if not at as good of prices as yesterday. Up $13 so far in pre-market.

 

[chickensevil]

So, both of my strikes are going to be super green today, with a November expiration, I am halfway tempted to ride this until Oct 9th and bail before the news is released, in anticipation of a "buy on the rumor sell on the news". I know some of you are setting up for an Oct 10 bail, what do you all think? Best case, the most amazing of amazing announcements happens on Oct 9th and the stock jumps again, but in light of recent "sell on the news" circumstances... I am tempted to be prepared for a bail on the 8th/9th... I think it might also depend on how much we jump between now and middle of next week.

 

[InTheShadows]

So my big question of the next 15 minutes is this a good time to buy some weekly calls.

 

[Muskol]

So my big question of the next 15 minutes is this a good time to buy some weekly calls.

I'm considering weekly puts, seems a little overheated in the premarket. But it's a crapshoot imo. Market futures marginally red.

 

[chickensevil]

I'm considering weekly puts, seems a little overheated in the premarket. But it's a crapshoot imo. Market futures marginally red.

well seems like you might be right, stock is coming back down for now.

 

[Muskol]

well seems like you might be right, stock is coming back down for now.

I caught 245 weeklies for 1.00 flat

 

[hershey101]

I caught 245 weeklies for 1.00 flat

Did you mean $255?

 

[Muskol]

Did you mean $255?

Sorry, no, 245 puts.

 

[hershey101]

Sorry, no, 245 puts.

Oh okay. You can probably get rid of them soon for $2.

 

[Muskol]

Oh okay. You can probably get rid of them soon for $2.

Waited it out a bit and out at 2.25. No complaints!

 

[FluxCap]

Guys, relax. Elon is finally releasing the model DaveT, that's all.