Interesting, the 14-day quoted this morning at 41! Tesla (TSLA) 14-Day RSI
What is your link for that RSI data? I may be looking at the wrong datapoint, can’t really tell in my link. TIA.
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Interesting, the 14-day quoted this morning at 41! Tesla (TSLA) 14-Day RSI
I sold -C 182.5 for 4/5. Not in for any Put Spread yet (got out when it pump beyond 183). Waiting for a signal that we hit top or break through 190+.I sold $280 December calls for $7.5 way too early. I also bought April 5th puts $155-150 and April 12th 160/150 put spreads.
Maybe you should change your handle to BorntoFlyCloseto the Sun.Well, my CCs for next week pretty much mean the bottom for TSLA is in. In fact, we will never see 175 and 180 again after next week, because I was planning on keeping my shares until SP 1,000.
If you have -P, you're welcome.
If you have -C, I'm so sorry.
I think the pump to 184 was a wake-up call that anything can happen. Noted RSI is now back down to 71 but SP has held steady at the 180 mark.Maybe you should change your handle to BorntoFlyCloseto the Sun.
I just rolled 185cc to 190 for next week. I think P&D will send us back down for another beating. Who knows, could be priced in already.
I solidly prefer the less risk and occasional small gamble. I got too confident before the Twitter debacle and lost on puts and calls on the run up and the crash down.I think the pump to 184 was a wake-up call that anything can happen. Noted RSI is now back down to 71 but SP has held steady at the 180 mark.
Sometimes I have to remind myself is the extra $ worth it for the risk or just wait and see for less $ but also much less risk? My greatest fear is working for Wendy like those other guys (dogs) on Reddit
closed out all for .15BPS
03-28
-p165/+p135
10@ 1.98
10@ 1.85
Going to pullback & consolidate for a few days to maybe after P&D, then go back to test 182 on the 2H.
Thanks dl003. Are you holding onto any naked call for now? was planning -190C for 4/5.Going to pullback & consolidate for a few days to maybe after P&D, then go back to test 182 on the 2H.
It is overbought on the 2H and this is significant. Therefore, I'm not entering shorts again until it fails a retest of 182 in the coming days. If it keeps consolidating into P&D then it's going to be a pickle as there'll be no good short entry if it drops right after but so be it.
Not yet. I want to give it time to become cheap enough, much like the week of 2/23.Thanks dl003. Are you holding onto any naked call for now? was planning -190C for 4/5.
The conventional wisdom here is that P&D will be bad, it has been telegraphed in the media as well, so it is fair to wonder if it is priced in... I just have trouble thinking of a spin that will keep the PE over 40 given the very real fundamental challenges Tesla is facing. I see a path to organic growth and evolutionary change, but I fail to see a path to meaningful earnings growth over the next 12-24 months.I think P&D will send us back down for another beating. Who knows, could be priced in already.
You may want to consider extending the DTE another few weeks so that theta doesn’t eat it up before even getting to earnings. NFABought some 4/19 150 puts as a hedge against terrible earnings
The dog must like to pee on exposed electrical wires!Thanks dl003. Are you holding onto any naked call for now? was planning -190C for 4/5.
Not yet. I want to give it time to become cheap enough, much like the week of 2/23.
This is great advice, I mostly care about the reaction from the P&D, but if we plunge to 145 to fill the gap, this will save my margin. I think they will recognize some FSD revenue to make the numbers look better.You may want to consider extending the DTE another few weeks so that theta doesn’t eat it up before even getting to earnings. NFA
4/19 plot example:
View attachment 1032302
5/17 plot example:
View attachment 1032301