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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
woodisgood
Optimustic Pessimist
I was looking at 12/24 700c, which were down 10% during the early dip this AM. They’re currently down only 3-4% even though we’ve dropped about 5 points lower than where I was looking at them before.
Yeah, this guy Black is blathering nonsensically again. Apples and Oranges. Where did he used to work? Seriously....
You can try, but you’re not getting any of my Dec24/31 900c for less than 3x from here. This is house money I’m playing with here.
I just have to share a story of my friend, [Mod redacted] named Phil. He doesn't make a lot of money as a musician, but back in 2012 I talked him into buying some TSLA. He's been calling me for the last month, telling me about how happy he is that he bought 510 shares in 2012 now worth over $300k. Well, my friend Phil calls me this morning even happier! He had completely forgotten about another 570 shares he has in a Roth Ira fund! Happy day for Phil.
I am pleased with many thousands of shares that purchased back in 2012 and 2013, though these shares really do not change my already comfortable lifestyle. They are just numbers in my account. But what makes me happiest, what gives me the greatest pleasure is the handful of musician friends of mine, a park ranger, my hair salon lady, and even my house cleaning lady, these are people who work very hard and make little. In all these cases, owning TSLA shares has changed their lives.
I am pleased with many thousands of shares that purchased back in 2012 and 2013, though these shares really do not change my already comfortable lifestyle. They are just numbers in my account. But what makes me happiest, what gives me the greatest pleasure is the handful of musician friends of mine, a park ranger, my hair salon lady, and even my house cleaning lady, these are people who work very hard and make little. In all these cases, owning TSLA shares has changed their lives.
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TheTalkingMule
Distributed Energy Enthusiast
The conversation is always quite technical when it comes down to options pricing, as if there's a clear formula that dictates most of the price movement based on volatility.
I get the feeling it's more along the lines of it being obvious selling $700 12/24's is a terribly unprofitable idea right now. So the price goes up. IV is more of a trailing indicator.
In his interview I believe that is what Emmet Peppers says happened. Ibkr did not send a single order for 3750 contracts, but split it up into multiple orders.
As for semantics maybe I'm wrong but with options it gets complicated with different types of orders. For example:
5 call options with $500 strike in one order
- I would just say I placed one order (or trade) for 5 call options
5 straddles at $500 strike in one order
- that would be 5 calls purchased at $500 strike and 5 puts purchased at $500 strike. 10 contracts but in one order (or trade)
With these two examples I'd just say I placed two trades. One for five calls at $500 and one for 5 straddles at $500. It makes sense in my head anyway
I seldom mess with weeklies, nor and anything but shares and LEAPS, but I bought a large (well, large to me) number of 15 JAN 2021 $1,050 strike calls and their value is likewise inexplicably rising with dropping SP (I guess volatility and all that). This stuff is FUN!
Also we often belittle those "Day Traders" among us (most of whom correctly never touch their stash of long term HODL shares), but I strongly believe the experience of chasing a few pennies ahead of the steam roller is a great learning exercise with so many tangential lessons in the basics that it's value for inexperienced newcomers who can afford to lose a bit on the learning experience is far better than so called "Paper" (fake) trading or whatever accounts. It certainly helped me find the route to success.
I love introducing enthusiastic wide-eyed, pimply-faces youths to basic trading and investing.
Sudre
Active Member
Looks like this is working real well so THEY can sell a BUNCH of Puts. Look at how since Monday the 600 strikes Calls disappeared on and the Puts are loading up. THEY can't make money any easier than this week. I had to cut the tops off the peeks to get the last three days to scale out the same. For some reason the auto-chart creation is changing the scale every day. It makes it almost a useless chart without edits.
Today will work nicely for them to sell a bunch of Puts in the 520± strike area.
Today will work nicely for them to sell a bunch of Puts in the 520± strike area.
Mo City
Active Member
Gene Munster just said Apple was the only company capable of challenging Tesla down the line.
StealthP3D
Well-Known Member
How do you 'forget' about 570 shares of $TSLA!
Bad memory? A lack of fretting over the details? A bad memory usually costs money. But sometimes it's very profitable to have a bad memory. Especially when it causes you to do nothing!
I believe he also said Apple competing with Tesla was the only thing that would make him change his mind about his PT of, I believe, 2500 in 3 years.
Suspicious timing. Will have to wait and see, though. Not like it's news that Apple has been working on autonomous vehicle technology for years.
Yes...the best investor is a 'dead' investorBad memory? A lack of fretting over the details? A bad memory usually costs money. But sometimes it's very profitable to have a bad memory. Especially when it causes you to do nothing!
Are they trying to get rid of all 8 million new shares in one single day?!
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