Market Cap - F 60 Billion, GM 51 Billion, TSLA 24 Billion

[loufah]

http://finance.yahoo.com/news/giant-bet-tesla-fall-75-150752083.html

... one major options player is betting that Tesla shares will not only fall back to that level, but plummet all the way to $50 by January.

In one of Tuesday's biggest options trades, a firm bought 2000 January 100/50 one-by-two put spreads in Tesla for $3.50 each.

 

[traderlux]

earnings tonight, any thoughts?

 

[TulsaTrader]

It's a gamble.

Doug Kass says he's short for whatever that's worth.

I'm in with the following positions:
Long 100 TSLA at $195.52
Long 1 Feb 21, 190 PUT at $9.25
Short 1 Feb 21, 220 CALL at $3.32

TT

 

[FXforex]

earnings tonight, any thoughts?

• TSLA at $196.25
• Bought 1 contract Feb22 160.00 Put at $1.04

EDIT: Lots of volume (3,787) on those puts.

 

[TulsaTrader]

That's basically a lotto ticket but at least you can claim the losses on your taxes unlike actual lotto tickets.

TT

 

[TulsaTrader]

It's a gamble.

Doug Kass says he's short for whatever that's worth.

I'm in with the following positions:
Long 100 TSLA at $195.52
Long 1 Feb 21, 190 PUT at $9.25
Short 1 Feb 21, 220 CALL at $3.32

TT

Trade's over.

Here's how it shook out:
Closed the positions this morning.

Closed 100 TSLA at $213.10 Profit: $1,757
Closed 1 Feb 21 190 PUT at $0.22 Loss: -$905
Closed 1 Feb 21 220 at $2.50 Profit: $81.

Profit: $933.

Even though this came out profitable I consider it a bad trade because the risk/reward wasn't quite correct.

Selling the call was the mistake. I wanted to capture some of the implied volatility loss that happens after earnings. However that prevented me from selling the shares after hours at a higher price.

TT

 

[arbs-r-us]

Market Cap - F 60 Billion, GM 51 Billion, TSLA 24 Billion

• TSLA at $197.00
• 190 Feb14 weekly puts at $2.09

IMO ....... TSLA is grossly over valued. I am thinking of buying the 190 Feb14 weekly puts. Maybe today or Wednesday. Will update when/if I open the position.

TSLA fully diluted is ~147mm shares. $31 billion with 210 stock. That however may be a bargain considering what Zuck & co. paid for a 50 employee company that has zero revenue.