TSLA 130 weekly put at $0.55

[drownpruf]

Quote from FXforex:

Not quite true ........ The high of the day for those 130 puts was $0.67, a 20% increase over the $0.55 I bought them for. Still 3 days left in this trade.

No clown, the HOD on those puts occurred well before you posted the trade. The HOD on those puts occurred near the open on the 9th, while your trade was at the close. You immediately took 6 points in heat.

 

[FXforex]

Quote from drownpruf:

No clown, the HOD on those puts occurred well before you posted the trade. The HOD on those puts occurred near the open on the 9th, while your trade was at the close. You immediately took 6 points in heat.

• The order was filled at 03:45:09 PM EST
• I posted to ET at 03:47:00 PM EST

 

[drownpruf]

Quote from FXforex:

• The order was filled at 03:45:09 PM EST
• I posted to ET at 03:47:00 PM EST

The HOD was not seen after your purchase. It traded to 67 at the open the following day and for a few minutes. Your puts hit 40 cents within minutes of the open on the 10th. Here is the chart on those puts for the last two trading days:

 

[FXforex]

Quote from drownpruf:
The HOD was not seen after your purchase. It traded to 67 at the open the following day and for a few minutes. Your puts hit 40 cents within minutes of the open on the 10th. Here is the chart on those puts for the last two trading days:

I still don't understand what you are pointing out. I'm still very bearish on TSLA for the week and those puts still have life in them. TSLA didn't look good today.

TSLA 1-Day Chart

 

[drownpruf]

Quote from FXforex:

I still don't understand what you are pointing out. I'm still very bearish on TSLA for the week and those puts still have life in them. TSLA didn't look good today.

TSLA 1-Day Chart

Because you're ignorant. You stated the HOD occurred AFTER you bought the put, which is false. And you're down by half on your puts, currently.

 

[FXforex]

Quote from drownpruf:
Because you're ignorant. You stated the HOD occurred AFTER you bought the put, which is false.

HOD = High of the Day = Post date 12-10-13

Quote from drownpruf:
And you're down by half on your puts, currently.

That's be to expected for 9% OTM weekly options, but since TSLA is so volatile those puts could easily go ITM during the next three days. I would not want to be a seller of those puts.

 

[drownpruf]

Quote from FXforex:

HOD = High of the Day = Post date 12-10-13

That's be to expected for 9% OTM weekly options, but since TSLA is so volatile those puts could easily go ITM during the next three days. I would not want to be a seller of those puts.

Numbnuts,

You stated that the "high of the day" on the DAY you bought the put, Dec9, was 0.67. It was not. 0.67 was the "high of the day" on the following day, Dec10, and it closed that same ten-minute bar at 0.40.

And you're down 50% on your prescient call.

 

[FXforex]

Quote from FXforex:
12-09-13 03:47 PM

Going for a 9x on the TSLA 130 weekly put at $0.55. TSLA currently at $141.10, my price target is $125.00.

UPDATE

The puts will be expiring worthless. I am still very bearish on TSLA and might consider buying some puts next week, but not so far OTM as in this trade.

TSLA 5-Day Chart - Red dot bought 130 weekly put at $0.55

 

[scriabinop23]

Quote from FXforex:

UPDATE

The puts will be expiring worthless. I am still very bearish on TSLA and might consider buying some puts next week, but not so far OTM as in this trade.

TSLA 5-Day Chart - Red dot bought 130 weekly put at $0.55

The bear ship has sailed on this one.

 

[Bry]

look out for inv head n shldrs that can send it up to about $170