Shorting short term puts and stacking as many LEAPs as I can. I think this one is going to be one for the history books. The short term resilience has been a godsend.

I had thought the bear market rally was going to be later when SPX rips from 1900 to 3000, but it is increasingly looking like this was it and there is nothing more.

Soon....

Trucking has all of a sudden become a heralded industry and it makes me wonder if Tesla trucks could be a game changer? How far along are they before mass production?

Sounds more like a commentary on social media. I would agree that it is quite the vessel for narcissism. Even forums like these are...

Musk and Trump are different from a bunch of teens and 20 somethings screaming for attention because they still have a high metabolism

When you see someone go out of their way to self aggrandize relentlessly and/or complain about how they're being treated by everyone else unfairly for behavior that clearly warrants punishment or, at a minimum, stern criticism, then you're seeing someone with a personality disorder and there will be plenty of history to make that distinction evident. Antonio Brown is another person who is a lot like Trump and Musk. Just read the tweets, it's obvious

When there's no more oil Tesla will be the only cars that work

Years?

Oil in negative territory is definitely the time that trucking will turn to expensive not-yet-released battery electric trucks.

Happy Elon Musk Day

Well, this is out now:



That Renaissance trade is an eye popper, $1-$3 billion depending on when they bought. I expect they've found something they believe they can manipulate for high profit.

They bought in December. I remember reading something about how they screwed over Susquehanna for billions by inducing a convexity squeeze in the options market. Some of the rip in Feb was caused by them.

Unless I'm missing something, that disclosure says that bought 670K pre this year and then the bulk of their position - another 3.2 million - after January.

How do you know that is an outright position? Ren Tech does a lot of relative value trading.

https://asia.nikkei.com/Business/Tec...n-pension-fund

Sharp hire.

There’s an expression in Japan ("descent from heaven") for the institutionalized practice of Japanese senior bureaucrats retiring to high-profile positions in the private and sector.

More like, this is the guy Elon met up with on his secret trip to Asia, hence the strong bid.

Thoughts on selling a strangle on TSLA earnings? May 15 contract nets 138 credit so you get a pretty wide window. Only really get smoked if TSLA goes to $900 or $500

138 seems about right for 3 weeks of both-way volatility in this environment including earnings. Hard to see much +EV, and on top of that there's potential for bad decision makes it goes the wrong way. You going to keep holding while it rips or dumps?

Not sure there's a play to be made on earnings. Before Q1 2019 was a no brainer short, after Q3 2019 was a no brainer long, apart from that earnings are usually a crapshoot.

Baird was out yesterday expecting fairly substantial losses in Q1 (simply by how inventory vs cost is accounted), but betting on losses for a guy who has an opaque cash source (China) and is more than happy to commit multiple major frauds is a tough one.

The 27 May NASA/SpaceX crew launch will be interesting. I am rooting for its success and the safety of the astronauts.

It seems like a critical moment for the perception of Musk and his enterprises.

The thinking is that it runs up pre earnings expecting something wild and they fall in line like NFLX and the stock stays stagnant for a while.

Was also looking up a Condor - Assuming it doesn't hit 710/730 range

Critical moment? No not really...keep trying though

I thing i got a strangle I like better - selling the $900 call and the $400 put for $22 premium

I could let the $400 put expire and pick up the 100 shares and buy a $950 call to cover my losses, or just let the 900 call expire too and end up being short TSLA at 900... Have not decided.

Are you just gambling, or do you actually think you have an edge? Because your analysis so far -- implied volatility is high! -- has been a bit underwhelming.

Are you still holding June '20 and Jan '21 puts? Last month you were calling the puts a no-brainer and predicting a Q1 disaster.

Now everyone is saying Q2 is when the real pain will hit. Seems like disaster is always a quarter or two away with Tesla, but it never really comes to fruition...

sounds like he was asking for thoughts because he hasn't done much analysis yet, thus explaining the underwhelmingness of it.

it's the weekend and I'm looking into some plays - Earnings are coming up - I think I found one that seems to have pretty high success

NO one seems to want to participate so it's all good.

earnings week and over 780 this morning

i look up at the sunrise and see elon winking at me and my puts

TSLA is a preview of what most of the stock market is becoming

Sold the $1200 call and the $400 put for $9~ credit may 15 contract - wish me luck!