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Mentor
Tesla reminds me of the movie Wargames.
It’s about an AI program that can give the military the perfect plan for launching nuclear weapons and it learns by playing tic-tac-toe and then a game called Thermonuclear War.
Eventually it learns the best strategy is not to play.
TSLA right now is tic tac toe. TSLA options are Thermonuclear War.
Coach
I agree, good risk reward. Even if it opens red not a bad idea to average down. I'm looking to open some tomorrow if it does. 320ish is my buy area. Based on TA.
It’s already $323 post market- once it goes through the PM beat down you might get a better deal than you asked for.
You lost me at Tesla is obsolete in 5-10 years
I’m not touching Tesla, but can see an argument for trading in either direction given the volatility of this stock.
Mentor
Dip and rip!!! Out at $51 premium. Enough for me.
Mentor
I sold for a measly 13 points.
Bowl Leader
TSM1 what about my bearish call vertical play I posted about today? We get to 500, and I’m loading that up.
Bowl Leader
160-200 (800-1000 pre split price) is my target to enter TSLA
Bowl Leader
Agreed. Nov or Dec harvesting is my guess and 160 was my target. I just don’t know it’ll get there so the 1000 (Pre-split) psychological level is where I’d start buying in.
Mentor
I think it still has room to run up. The risk reward is not there anymore for me. I left 10-20% so far on the table but not worth the risk. I take calculated trades where there are high likelihood of success and returns.
Mentor
Ugh.... don’t look back don’t look back... haha . I called the top at 530 a week ago in a post and 330 this week. Play the high probability trades all day.
Mentor
Probably will go to $100 before expiration
Did OP at some point switched to a conversation with itself? A bit crazy indeed.
Mentor
My feedback here has proven very well up and down on Tesla the last week for hundreds of points in total. Good luck
Mentor
Those $330 calls at $38 premium would be looking pretty good right now. Up 5x
Mentor
If it tanks into close I’ll put this position on. Worst case, if it gaps lower the probability that a bounce will happen is huge
Mentor
I usually sell too early to take profits on these types of plays ( and regret later). However, I‘ll watch the early action on the markets overall. Any negative reactions or movement I’ll lock in profit.
Mentor
I’m in- $330 calls with stock at the same price. September 25 to cover battery day. $38 premium
Mentor
Good luck!
The TSLA options are just too big for me to since my positions how I like them. The AAPL split was an options gift for me.
Mentor
Listen guys, I’m not saying it’s a slam dunk. Based on prior Tesla history and my knowledge of stock runs, it’s a good risk reward. Tomorrow if it gaps down, there is a great opportunity for a play.
Lol tsla is a buy around 50 -75. Wtf is battery day? Some bs non event day turned into a media circus pump and dump? Everyone is expecting a run up so maybe its a beat down then bounce.
Mentor
Emotions and trading do not go together D2
Mentor
Well looking good so far! Nice call!
Mentor
As mentioned above, I usually take these profits too early on early negative action. These are at 57 now and moving strong
Mentor
Awesome movie! Pay the man his money
Mentor
Will you do the same tomorrow though? 👀
Mentor
I love it. Keep it going OP