TSLA Earnings - it pops 10% - up $30.00 during AH.

[schweiz]

You have to go with your gut feeling

That's what I do, and the article confirms my gut feeling.
Since june 2017 TESLA went down 27%. Momentums always lags.
A momentum that tells LONG when in the same period the stock goes down 27% ?
Momentums are always upward before they crash. If not they cannot crash.

 

[vanzandt]

I love the way these geeky analysts that are pretty much relegated to spending the rest of their boring lives in a cubicle pouring over company research day after day have the nerve to say Elon should step down after he blew them off on the conference call.

Elon is intellectually superior to these guys in about 100 different ways.... Not to mention he's 1000 times cooler.

"If you don't like it, sell the stock. I don't care".
....I love it.

(nice bounce off of $275 too btw)

 

[spindr0]

This article is a must read:
https://seekingalpha.com/article/4145646-tesla-breaks-faith-believers-time-go-short

SA articles are good for information but don't assume that the authors are qualified analysts because they write a coherent article. Anyone can write and submit their opinion.

 

[elitenapper]

• You have to go with your gut feeling and ignore articles like that.
• TSLA's momentum is still upward.

You are talking about intraday (a 1-3 day time frame) right?

 

[OptionsOptionsOptions]

You are talking about intraday (a 1-3 day time frame) right?

1 to 7 days.

 

[elitenapper]

not quite. Vega goes both ways. you can make or lose on it. Some traders trade it exclusively. Read up on the greeks-delta , gamma, vega, theta before trading. Options are complex and trader have many "vectors" to make $$. They can choose to expose their position to theta or gamma, or vega or delta-ie direction. Depends where you think u can be good at. The trading unicorns are good at more than 1 ( I ain't one of them). In your situation, if you want to make a directional bet on XYZ, then try to minimize the other greeks so verticalizing hedges your vega-somewhat.

I noticed that the 280 Put has gone up Far More Rapidly than the 300 Put as TSLA tanks to $280.

It seems that the Put vertical would be better off closed near expiration assuming TSLA trades at around $280, so as to let the extrinsic value of 280 Put drops to almost nothing.

Seems that the 300 Put got eroded sharply by the loss of extrinsic value as TSLA dives to $280.

 

[elitenapper]

1 to 7 days.

So you think TSLA will close the gap based on your gut feeling (or technicals)?

Tesla's fundamentals are still horrible, and some would say they are getting worse, even though they are allegedly better than expected (by analysts). Analysts' expectations cannot change the facts but they do seem to have a big impact on price movements.

 

[elitenapper]

I wonder how many here think that TSLA will close the gap and how many think that it will drop further next week.

Also, anyone thinks that some "plunge protection team" was at work earlier today?

 

[elitenapper]

I think that they misread your recommendation. Investors are saying bye, bye, bye today!

Down about 6%. Not quite the bloodbath many bears seem to have been expecting. Many forum posters (not here) claim to have purchased Dec 2018 / Jan 2019 sub-$80 strike Puts.

 

[elitenapper]

I read what went down and it seemed he didn't care to answer most of the questions that were thrown at him...he ignored most of them...I'm actually surprised tsla isn't down even further this morning.... shareholders aren't liking that conference call one bit

There were two or three gentlemen appearing on CNBC mid-day that considered TSLA not worth buying even at $109, or something to that effect. (comparing TSLA to other profitable car makers).

So 6% drop is like nothing.

I wonder what would happen if some institutional fund managers took a second, closer look at Tesla's fundamentals after this drama, and decided to bail.