hungry_hippo

TSLA Coil Revised

NASDAQ:TSLA   TESLA INC
Not even sure if it's a pennant anymore, TSLA appears to be moving with Nasdaq.

We know they're going to make a profit, I don't think it's going to move much. Not worth playing....

In fact, I think a lot of people have stopped playing this stock.
Comment: No position, but I'm guessing earnings wind up being a "sell the news" event tomorrow morning, regardless of which way it gaps.

All speculative stocks are tanking, and this one is the biggest one of all. Investors that like speculative stocks tend to invest in a bunch of them, and they;re gonna hit margin calls soon.
Comment: Solid beat but only up a little over 3%, to put it in perspective, it still hasn;t reached Friday's closing price.

I still think it sells off tomorrow.

Comments

Do you have a prediction here? Lo. I agree.. I see the triangle, but which way do we go? It looks like it broke out of the top of the triangle but maybe a fake-out?

Big long arrows.. are you leaning one way or the other?

Or are you saying we should go for an inverse buffly and bet on big movements?

Also.. I love options income trading. Would you recommend credit spreads or iron condors at this point?
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I did a whole lot of call debit spreads flipping / shuffling. them, W 10/7, TH 10/8, F 10/9, M 10/12, T 10/13. Then naked 445 call Tuesday, liquidated Wednesday. But Thursday was awful, only had out of money call spread luckily that tanked. All in all win total gains. I really think volume spikes next week and call debit spread purchases at 3:57pm today 10/16 was the way to go to avoid the -theta and get the weekend gap pop going into earnings on Wednesday.
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toani growerik
@growerik, great way to go about theta
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@toani, thanks man. TSLA time decay is so absurd unless you're so deep in the money might as well get shares at that point. lol. I did a bunch of options Judo with my spreads the past week, buying out the high strike right before upward price action and there was a strong impending bullish signal or buying a naked Call right at convergence cross over and then 30-90 minutes later selling higher strike price to essentially get my spread for free. To be honest the back and forth kinda drove me nuts some days and to barely squeak out a win some days, lose a day, win 4x a day, it probably wasn't worth the headache. Haha. I'd say @hungry_hippo may be right it's hardly worth playing in some respects. Easier trades for sure out there with less risk & more reward...
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toani growerik
@growerik, Great my comment just was lost. I was saying that yes, TSLA can be stressful and premium is ridiculous. Also, getto spreads https://www.urbandictionary.com/define.php?term=ghetto%2520spread are hard when there are two bid-ask spreads to beat before breaking even – and they are harder to fill. I prefer to do that with NIO where I can actually pay to get a get spread ITM and let it ride. Whereas with TSLA it will be OTM and I am forced it to sell before expiration. Risk reward is important. Hard to get low risk with TSLA unless it's a butterfly or else, which are also hard to fill.
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@toani, werd
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@toani, in the end, the price action makes the biggest difference. lol. If TSLA did this or NIO did that, last week would be different, no matter what strategy. haa
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toani growerik
"like"
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