Felt like gambling today so why not... TSLA looks way overvalued here but who knows what they will say during the earnings call today. Hopefully I can pocket some easy money. Good luck to the shorts, best wishes to the longs.
I've been bullish on the stock but for the first time ever my option did not cause my stock to get called away. I wrote the $300 calls that expired last Friday and the stock closed at $300.88. I thought for sure I would be called away but it was never exercised. This concerns me greatly. I rewrote $300 calls for this Friday and received $7.10 a share. Hopefully, I don't watch the stock drop to $270. I was hoping to get called away and rebuying at $290 today. Would of been great.
There are 7 brokers that cover this stock. The price target is $300 - $872. I think the risk reward ratio is good. The good thing is that this stock is volatile. So if you are trading long or short you can capture the daily spread on part of the position. Good luck.
I wish. I'll take $300. I want to buy in but I want a discount. LOL. Hopefully, I won't have to buy it at $325 next week.
Apple is the new Intel. Stock will probably be flat for a long time.
10.62. The chart is very negative. Waiting for a reversal but not going to try to catch a falling knife.
I thought the shorts were betting that the company is a fraud. You're either right or not. How would you downgrade the stock versus waiting for the detailed information to be released? It will move dramtically in one direction when the findings are released.
The cost to borrow shares is over 10% interest. With short term traders holding on to a stock that moves sideways is more painful than watching paint dry. I would say short term covering due to high cost of borrowing. The stock also broke out of a flag formation, needs to hold above $13.49 tomorrow. Can trade as high as $14.75.
Does anyone know what the cost is to borrow shares to short? I would think that with the stock not moving that shorts will be forced to make a decision to cover and not pay a high borrowing cost.