Reallifetrading

New put sale on TSLA? IS this man CRAZY?

NASDAQ:TSLA   TESLA INC
Well, we might be crazy... but at 164% Implied Volatility and 174 points away!!!! For 2 months... and TSLA was at $380 4 weeks ago... I think I wouldn't be afraid to own TSLA down at $100 anyway. So, even though it is over earnings , this is a NO brainer (to me). I'll just buy to close after earnings most likely.
But again... if this company goes BANKrupt, it won't hit $100 before November 16th) <I wouldn't imagine> 93.10% chance I'm right.... : ) HAHA

JN
Oct 19
Comment: Able to buy to close these put sales for .54 :-)
NICE GAIN!! Almost 1R : )

So, from here, I will sell more if TSLA drops harder below $250
Thanks for helping us Enrich Lives!
Yes, it is the BEST STOCK to do the Put Sells, and at some point if you have to own the stock $100 below the today price, it should be OK. They just met the Q3 production quota, have a LiOn battery factory and also have tons of other ideas / projects on the roadmap. This company will continue with the leadership thoughts of the current CEO and if he is gone the stock will drop by $50 to $75 from here worst case. But, the likelihood of that happening or the board allowing to happen is slim. And, he is bold to fight the current suit (hope). I don't know anything about the law-suit and talking like I know, but I am a chart follower and not a new speculator.

I have lots of various priced Put Sells at least $100 below the current stock price and am biased heavily but have been doing these Put Sells for almost 9 months now, and enjoying the supposedly bearishness in the stock that comes down to $240-$280 regularly and then climbs up to $300 to $350, and then back down again. Look at the Horizontal Channels.

I am going to buy the LEAP Call also on this when the IV settles down a bit, with 1-2 LEAPS since they are DAMN EXPENSIVE. Someday when everyone is making these kinds of cars, these guys will be battery suppliers and become like Exide or Everready or whoever for a worldwide supply, and they of course have a constant run of the most critical element (Lithium) that is already in short supply. So, this would be like someone new trying to become Intel cause LiOn is a great idea, but it will be prohibitive compared to what TSLA will already have.

Just my bull-bear view, and am very biased in this writing. Do you own thinking.

Kenny
+1 Reply
?
+1 Reply
@G13Man, glad im not the only one
+1 Reply
Zeevex uninformedinvestor
@uninformedinvestor, I feel like.. i almost understood it then it took me down a questionable path
+2 Reply
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