The reason you lost so much here is very plain to see.
TOLD YOU SO!
BTW, my $32 didn't come because of dishonest MM's.
But can you really pin the blame for them being dishonest on them?
They are obligated to buy but no one regulates this stuff anymore.
It would be great if this would be regulated again.
So if a stock is at $38 and it drops to $26 the MM's would be obligated to buy 'till $32 (it was like this in the 1990's and much of the 2000's BTW).
Oh, TOLD YOU THIS WOULD BE HAPPENING TO TWTR.
0.01 Down 1.72(99.42%)
This is why options can be risky, but not as risky as stock investing because more capital is at risk with stocks.
Looking forward to next week.
Happy weekend to all.
NVDA is a great stock BTW.
I bought a hamburger and a Coke.
Amazing how those two still go so well together.
ENJOY THE WEEKEND ALL.
The market failed this week but this does happen because the buying public are always wrong when it comes to investing. Just remember that... They are ALWAYS wrong.
This is why an INTC (that everyone said would fail), can go from a split adjusted .01 to over $30.00 (up 390,000%)
Now you see through a glass much more clearly.
You live & you learn (the hard way, huh?).
TOLD YOU SO.
If one person was helped it was worth posting it.
I knew it would take a little bit of time. It is certain that $55+ will come again.
Just take a good read of the charts, & of the market conditions, to see it for yourselves.
Enjoy the gains (as will I).
HAPPY WEEKEND TO YOU ALL.
But thrilling to sell for you all, no doubt. (been there and made lots of money)
Gaps will prevent you from covering.
No short squeezes just gaps to new 52-week highs.
This is your only "heads-up".
You simply don't know it yet (but I do).
Learn from the pro's.
New highs next.
$1200.00 would REALLY make me laugh my #$%$ off.
But $330+ is just fine with me too MM's.
It's all fun & games 'till someone loses a short !
a rich clown.
oh, a rich clown with lots of your account money now in my account.
should i say thank-you to the sellers?
or today, you all sold and expect more downside tomorrow but it will not come.
the puts will go to ZERO before the end of trading.
a BIG market relief rally is in the works.
the BIGGEST up-day for our markets of the entire year.
this is called a VIOLENT bear market rally. they can go beyond the established highs.
not funny when you look at your short positions that have cleaned-out your entire account.
actually it's the buying public's credibility that's at zero.
i make bold calls but at least i'm bold enough to make calls.
most people in here simply cower and don't even know what direction we are heading to.
i put my own money on the line too (not simply the money of clients like some do).
heck, there are financial advisers who have never bought a single share of stock for themselves, nor would they ever do so because they believe the markets are too risky.
they are happy to invest clients money because it's not theirs.
& bears all thought TSLA would close at the lows of the day.
fund managers often wait for my posts before they act. like today for example. at precisely the low of the day i made a few bold calls on aapl, tsla, and amba and they ALL changed directions and headed up right at the moment i posted.
hope you can make money.
go long, go shoret, whatever you want as long as you can make plenty of money.
i still see overe $330 for tomorrow for TSLA.
& new highs tomorrow for both AAPL & for AMBA (like around $165).
$1200 would have been fantastic here but the buying public was weak and wimpy.
i did my part and put tons of money into TSLA, so the price moved $15 bucks on my capital alone when I positioned. (don't worry i made money). i trade for a living and post where & what i believe will happen. have you ever gotten the direction of a stock right?
Just complex options algo's causing some disturbances tomorrow so over $32 easily on renewed interests & options algo's.
Oh, I bought calls
I posted that at the low of the day.
Interesting to see how big my following has become in these message boards.
Sometimes fund managers actually wait for my posts before they know what to do next.
(i have actually noticed this)
your clock is in the line for getting a MAJOR cleaning sukkas.
RALLY VIOLENTLY NEXT.
I trade for one reason and for one reason alone.
Because I love it.
(don't need the money. i just love to trade. this is the truth. but the money is just fine with me too. just a "byproduct, of my passion" i guess)
Even with today's TSLA price action (& I'll post your options action now) :
TSLA Aug 2015 250.000 put (TSLA150828P00250000) -OPR
12.29 Up 5.93(93.24%) 6:43PM EDT
Add to Portfolio
Prev Close: 6.36
Expire Date: 28-Aug-15
Day's Range: 8.30 - 15.50
Contract Range: N/A - N/A
Open Interest: 153
Quotes delayed, except where indicated otherwise. Currency in USD.
TSLA Aug 2015 250.000 put (TSLA150828P00250000)
This option will still be worthless before it expires sir/ma'am.
i constantly buy and sell these so I know.
It's actually funny.
So, you should have taken the GAINS today.
They are going to nothing BEFORE they expire.
Why/how does this happen? It's actually too complex to explain to you in here.
You'll see how funny it will be when it happens.
You'll be thinking "there is plenty of time so this must become much more valuable with all of that time left in the contract". The reality is that time loss will eat-up all of the value and zero will be the value of the $250 August 28 put BEFORE it expires. This is why traders and MM's can sell you these and simply keep the money.
All of the money.
As in YOU GET NOTHING & THEY GET EVERYTHING.
Funny, now isn't it?
jes72, I gave you that thumbs-up.
I'm actually a Tesla short and made a fortune selling this short.
I posted my trades and it amazing how easy it was to read what would be happening next. The stock did exactly what I anticipated it would do so I was making over 500% per week buying put options each time I saw the price was about to "slip" lower. Well, lo and behold, I noticed a few times that TSLA was WAY oversold after I cashed out some more puts that went up 1000%. So I went against my own rules and loaded-up on some cheap calls. The next day they were up 700% so I ran with the cash. Although I liked the selling action in the stock I slowly became a bull as I watched it bouncing around. Make no mistakes, I take BIG risks and can blow through failing positions fast, but I do this for a living so I always have to make much more than I ever lose.
Having said the above, I do see a BIG rally because todays drop, like I already posted in here today, was a head-fake in my opinion.
I don't really care if TSLA goes up or down. I just depends on what side I am trading on and right now my vision is GOING RAPIDLY INTO ALL TIME NEW HIGHS. Even if TSLA goes BANKRUPT there are forces by MM's that will put in market orders for 5 million shares and then sell 10 million shares short at an elevated price. This is known as a pump-n-dump. This happens even to a bankrupt company. As a matter of fact, if the MM's know that a company is in trouble they'll keep the share price artificially high for months only so they can keep on selling millions and millions of shares short only to eventually see the shares going to under .00001
So my $330.00+ target tomorrow would not matter one bit as far as the real viability of the company.I do hope everybody can make plenty of money.
My position now is VERY VERY long. (Calls & Commons).
Look at both the float and the ownership.
Even a large fund with 10 million shares that could be looking for an exit can buy 10 million more at market. Only to sell.
Seems big to those who don't know investing in a company like TSLA.