TSLA option writers

[S2007S]

I have seen the 10 cent calls worth 10 15 bucks absolutely insane. Would be nice to catch the downside in puts but not risking it..

 

[S2007S]

Who lols now. $120 bln stock thrown around like a penny pump.

Yep.

It's not going to end well. I would not at all be surprised to see it drop $250+ in a single day.

 

[S2007S]

I've been short it a few times in the past days. Relatively small losses, still. The mania is all part of the game, let's hope that enthusiastic TSLA money from Robinhooders carries over to elsewhere. Sit and wait.

I'm about to short a second round once it drives up above 1050, was hoping for that chance by tomorrow. No way these gains can continue like they have. At the rate its moving it would be worth more than apple, Microsoft and Amazon combined within less than a year.

 

[athlonmank8]

Volume was 1/3 of the market cap.

This could go to 1200, there's no rhyme or reason. No sense in shorting now. You'll be sitting through some nasty bounces.

 

[tsznecki]

That's it. Likely sub 800 tomorrow. All you bitches that are sitting out commenting, it's tendie time or pull your panties down.

 

[RedDuke]

PE ratio is meaningless to a company just turning profitable and spending money to grow.
AMZN was a money loser for many years.

Yes, and they finally made money on something totally different from where they began- AWS.

 

[vincentnyc]

all i know is someone is pumping tsla stock like it is a penny stock or during bitcoin coin craze. i'm just going along for the ride. let's see what it will bring tomorrow.

 

[athlonmank8]

That's it. Likely sub 800 tomorrow. All you bitches that are sitting out commenting, it's tendie time or pull your panties down.

Probably wouldnt be up A/H if that were the case.

 

[Scataphagos]

I wonder if there will be any tragic stories of naked call writers... ?

 

[Pekelo]

On the way down, there will be vicious rallies. That is a time to exit, not to buy in. As an idea of how big rallies you can expect, BTC went from 20K to 12K then back to 16K, IIRC but eventually it bottomed at 3K.

A mere 85% from its ATH. Tesla at 500 is a given, the question is just if it would take 3 days or 3 weeks.