Lycan, you causing me to worry as well. Hmm, does any boys and girls here know how does the liquidity going to get affected with European options?? Its annoying but european options aint a perfect market. You cannot sell options. Only buy from monopolized banks with all the controls. Its a long story why I had to play with european options to begin with.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Lycan, you causing me to worry as well. Hmm, does any boys and girls here know how does the liquidity going to get affected with European options?? Its annoying but european options aint a perfect market. You cannot sell options. Only buy from monopolized banks with all the controls. Its a long story why I had to play with european options to begin with.
There won't be any fractions, just not particularly round numbers. The worst case would be whole dollar strikes. (Fun fact: there are 12 open calls for Jan 2021 (these would have been LEAPS) with $5 strike price! These will become 5x calls with $1 strike.) There are no currently open options with strikes that are not a multiple of $5.
And I don't think there's any good way to handle the tax implications of giving back some calculated value of options that might or might not be worth something at some other time in the future.
I have eaten my Gf's ears about tesla like a ravaged dog as well. Imagine a pit bull tearing off the ears off a crying cute girl. Thats pretty much the situation
smorgasbord
Active Member
I think the reality is in between. There are smart people at companies with large sums of money running formulas that help them generate profits. It's not that they want to take TSLA down, it's just that they want to make money. Sometimes that will mean taking TSLA up.
I do agree that it's wrong to ascribe every big downward movement as big money not wanting Tesla to succeed, while every big upward movement is ascribed to people "getting" Tesla's value. The truth as I see it is simply what trades will make them money? They get to see the Puts and Calls, and the Market Market makers get to see the limit orders, so they know they can take the stock price up or town to trigger stop loss orders or to make their option trades profitable. It has nothing to do with how they view the company, to them TSLA is simple "a name" and it's one big continuous auction where the gavel is falling over and over again in rapid succession.
stef
Member
Or do the opposite if selling them.
I did sell a couple 1490 puts thinking they’ll be dead from next week ...
Knightshade
Well-Known Member
FWIW some brokers let you sell by specific tax lot each time you do so, so you can just say "I'm selling these specific shares" when you put the order in regardless of if they're first, last, or somewhere in the middle.
For my ETrade account, for every trade, you have the opportunity to use the "tax lot selector" to specify exactly which shares you are selling. They apply your default selection if you don't do this, and the default default is LIFO.
TheTalkingMule
Distributed Energy Enthusiast
Sorry for the OT question, but hey.....it's the weekend.
Can someone please splain to me how Salesforce is worth $250B? I mean, an argument could be made that they've peaked already and their net profit is pretty much zero.
Can someone please splain to me how Salesforce is worth $250B? I mean, an argument could be made that they've peaked already and their net profit is pretty much zero.
Can we stop Gordo-shaming fat people, please, it's not fair.
Whenever you gotta face frown
don't sweat it, just play system of a down
and call the monkey gordon with the crown
cuz he is the funniest clown in town!!!
Hell Yea!!
Thanks to you both for this important clarification. I have never needed that feature, so had forgotten about it. I keep thinking about Corporate GAAP rules which tend towards consistency in treatment choices, other things remaining equal, that is, which they sometimes are not.
I think i remember a few days ago someone...ahem... @Lycanthrope was saying $TSLA needs a 10% + move to hand it to their arses....have to settle for maybe a 6 - 7 % move to the upside
The day's not over yet...
StealthP3D
Well-Known Member
That's all true, but it highlights the mechanics involved - that a split is not a simple decimal point adjustment as some were trying to say relative to the impact the accounting of the shares might have on naked short positions - it's a process and the i's must be correctly dotted and the t's must be crossed. Accounting reports (of the outstanding shares and the newly delivered shares) must be completed and signed off on.
Burying yer head in the sand is one of the better moves to have made as an investor in TSLA.
Imagine all the poor sods that sold when EM said the price seemed too expensive,
When he was likely referring to decision to splitso
Imagine all the poor sods that sold when EM said the price seemed too expensive,
When he was likely referring to decision to splitso
Man, CNBC HATES to have to mention Tesla. "here are all the big stocks moving the market today 4% up, 3% up..."
Everybody in my life is so sick of hearing about TSLA. That’s why I spend so much time here! Love to see the beast eating like this! Congratulations longs
Depends on your broker, I buy and sell options from here in Belgium, same as the US, with my Belgian bank.
They are in the Dow now, right? That means their value is infinity!
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