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I dont think theres a thing called an inverse strangle. Where Im from we call it a disaster.

I reentered my 170/165P for next week at half size. Also lightened my CC. There's a risk this annoying PA can go on for another week.

Ok this is what we have right now. I don't know why it runs this way and closes the week this way, but this is a bullish pattern. One of the most basic. For this pattern to play out, TSLA needs to break out of 182 and keep going. But, if there's some news over the weekend, it might be too late...

I may regret it later, but it's too sticky. 15 DTE+ call premiums are flat compared to end of Wednesday. Looks like people are still positioning bullishly. On the macro side, VIX's actually down today. Likely that SPY and QQQ will bounce shortly. I will observe and get back in after the bounce.

Out of my 6/7 put spreads at 177.

lowered my pivot from 187.5 to 183

yes. Why not? TSLA regularly drops $10 a day. Days like today dont make me question my plan. 187.5+ will.

The trip to 500+ was on my mind when I predicted we would see 170-150 @250 last year. Different timeframes. You cannot let a multi year read dictate what you do today, and today Im still betting on low 160s first

low 160s would be but a tiny speck on its way to 500+

same old reasons as everyone else's on this board.

They are 2 different companies with different life cycles. Just because they were highly correlated during a specific window of time doesn't mean they will again. TSLA the stock will only do as well as Tesla the company. That being said, many seem to think TSLA is a dog atm. Dead stock? Don't...

I have 2 extra tickets to watch paint dry. Anyone wanna come with?

NVDA has a forward PE of 46 at 1140. Its EPS has grown 700% YOY TSLA has a forward PE of 70 at 176. EPS has decreased YOY. So who's smarter? Big money buying NVDA at 1140 or us holding TSLA at 176?

In case some are wondering why I'm not updating my Patreon page anymore. I called it quit since the image uploading function was trash. Stressed me out every time I needed to post anything. I'm now uploading my charts to X here x.com

Our avatars. What have they done to our avatars? Y so smol?

The reason it has not dropped yet is this. The 10 weekly SMA is currently hanging below at 170. The trend is bullish as long as TSLA remains above this SMA. Therefore, I expect when TSLA finally trades below it to get to low 160s, it will be a short lived affair, which means the timing has to be...

it's not just specifically for this strike. Puts move in tandem and so do calls.

Large put inflow in NVDA Stock up over 7% today, so why is this put going up? Answer: big money is loading puts.

added more 170/165P for next week at 177. Perfect rejection by the 15m trend resistance & trendline.

for this week I don't see much more potential for downside. The rug pull happens later this week or next week.

Agreed The funny thing is nobody ever priced stuff like Grok into TSLA valuation. We know Elon can't take Optimus or FSD away. And we know AGI requires TSLA level of hardware to collect data for and train. More fear, more opportunities. That's why I think Elon's "not comfortable" comment was...

Completely out of my 5/31 put spreads. Only 6/7 left.

when you think "AI" is a single animal, like a Big Mac...

to be clear I am building a put position. I want to see pain before buying calls.

Here's the bird eye view of my plan

thats a lesson Elon will never learn, so I guess we all have to put on special glasses while viewing these reveals. But to be honest, I couldnt be the only one in 2019 who wondered how he thought he could sell the truck that cheaply, could I? I mean, the math just didnt add up but somehow people...

Uncertainty is sometimes the best reason to buy. People tend to assign the worst outcome to an uncertain scenario, while in fact, its not uncertain at all. Its up to 1 man. So, do you think Elon will shrug it off and find other ways to get what he wants or do you think hell just say **** it and...

Id be scared shitless if everyone drew the same chart. Theoretically many people cant read the chart the same way and be all right or all wrong. Thats what makes a market. Furthermore, since only 10% of traders consistently make money, I want to be in the minority although its often difficult to...

You and 2 million other people. Who wouldnt instantly buy a CT with 500 mile range and is faster than a 911 for $70k? Even in 2019 money. You dont seem to understand a lot must have gone right, which didnt, for Tesla to be able to stick to the original pricing. The biggest of all: 4680. As of...

such is the nature of a democracy. We had 2 parties to the contract: Elon Musk and TSLA shareholders collectively. TSLA shareholders voted to approve the package. I'm not saying those who voted no could have sold. No, that wouldn't be helpful. Just that, by staying, they elected to remain in the...

it the spirit of fairness, lets not forget DE is not all bad However, Im still voting yes to move to Texas. The simple fact that a judge can overturn a 6 year old contract that has already been fulfilled to everyone's satisfaction just spat in the face of shareholder autonomy. There is only...

Just anecdote. I live about 45 minutes from Giga Austin. They got a beautiful plot of land, right next to a toll way where cars rarely travel at less than 90 mph. $2 toll to go 50 miles either way. Never heard of Texans or any authority around here causing troubles for Tesla. The dealership law...

all 3 were unreasonably low. at the time we knew LR model y was going to be ~50k. so 50k for a model Y vs an AWD CT, both of which were getting 300 miles? no one in their right mind should choose a model Y, unless they think the CT is fugly. The $40k single motor? At the time model 3 with 262...

100% prices will come down. It doesnt take a Nobel Economics prize to see this. Regarding the tri motor. Ok, lets be honest. 500 miles. 2.9s 0-60. seat 6. Completely new architecture. Off road capable. Has a bed. For $70k? I think deep down we all knew it wouldnt become a reality. At the time...

everything TSLA is selling a car for way more than what you think its worth based on its specs. TSLA is able to do this because demand > supply. You seem to think this is a problem, but if TSLA cuts CT prices without changing the specs, I bet you will be the first to say "demand has evaporated...

I mean Demand < Supply and TSLA cuts price: "omg gross margin is crap" Demand > Supply and TSLA raises price: "omg skinning customers. Not a good look" Can people make up their mind?

to be honest, I think these put spreads are the easier trade atm. My mid term bias is UP, to 250. I know there's nothing on the horizon that can lift it, but I don't make the rule. The falling wedge demands 250 to be tested before another big drop. The fact that most people feel bearish makes...

sure, if you will close it at the bottom.

It's just a hunch. My put spread is now in the red but that's expected. Expect to buy more next week.

Something magical in the rice.

TSLA may spike to 182 Tuesday morning before dropping hard to maybe 174-175. But it's going to take a few more days before the rug pull happens.

178.6:p

I think flow means today's volume while positioning is OI. So people are holding more puts than calls but today they're buying (back) calls, probably to take profit before a long weekend.

Added back 30% of what I took off the table yesterday around 187.6, 170/165 put spreads exp 6/7. Will add more next week if the cost makes sense.

gaming GPU is just one part of NVDA's business. We only brought that up to argue against the notion that consumers don't know who or what NVDA is. NVDA is also what powering the AI revolution. They have a good of good press. Their GPUs are the benchmarks for everyone else. AMD, on the other...

Looking to add shorts back in around Wednesday next week. Going to wait for the 15m to show exhaustion

Yeah. you know back in the day, I used to say look at where the idiots are and go in the opposite direction. Those idiots used to be the people who said Tesla was dumping unsold cars in the sea. But now, now I see a lot of detachment from reality from this side of the isle. This really sucks.

Wrong. So wrong. Go on Reddit and post a random question about graphic cards and have your reality shattered. Any random meme site will show you millions of people crave their GPUs for gaming. NVDA holds 18% of global GPU market share. But, there's more: it holds 80% of global discrete GPU...

I'm fairly confident we'll see low 160s. There's a very very very small chance I'll be wrong. We're talking about a super rare wave pattern followed by a super (too) deep retracement that ends up resulting in price rocketing next week. I can only say this: if I'm wrong and we see 188 first as...