up $250 already, this is wild

TSLA $2500 calls expiring Friday 7/1/7 trading at $12. Next Friday 7/24 $60.

it's up more than its entire market cap less than 1 year ago, amazing

Now that it's almost a pure meme stock a la doge coin I don't really see it dropping until actual fraud is revealed. The people buying at these levels aren't going to give 2 shits about a bad earnings report or anything else that usually hurts a stock price.

Tesla seems to be doing what it always does - go on extended rip on expectations beats or Musk pumps (FSD anyone - look at the delusional people who actually think he has a greater than 0% chance) in wildly positive tech/crap markets. See no reason it couldn't be $1100 in a few weeks. Or $2000. The retail bubble is driving lots of crap to the moon. But if it takes a breather, the crap it inflated goes down too, and very quickly.

I'm adding January puts as it climbs (August ones from early are probably dead meat at this point) and feel great about doing so. The real money is in the first drops that will happen with a market turn, whenever that comes, on short term options.

It always plays out like this. When it's very low, bulls despair and go silent while bears think their thesis is being validated; when it goes to the moon, bulls are giddy and come up with wilder and wilder rationalizations/projections because they think the stock price has validated their view of the fundamentals (which are of course comically wrong) and they start posting again.

Most likely result is that Tesla is less than half its current $1750 value in a few months.

Tooth- Any concern with TSLA being added to the S&P 500 and all of these index funds having to buy?

This is total bullshit.

Lol this is such a funny spot to watch. A retrace to 1500 now and both bulls and bears have a massive massive sweat.

What strike are you targeting for Jan?

right when we all thought no TSLA day could be crazier than any of the days last week...

Did anyone here get short TSLA this morning?

Kudos to you for having balls of steel.

I'm pretty glad I closed out my put short earlier today. Now to watch the LEAPS have some fun.

Decided over the weekend to short but haven't executed.

Nice timing!

How would it have performed if you had not closed the put short?

500-800. Looking for a 5-20 bag scenario to pay off the risk and have at least 100% positive expectation out of the trade overall across all probabilities.

heeehehehe

i think we pump again this week, too many $2500 calls out there to not pump again, unless it's all retail baggies now. i degen bought some weekly shitputs on friday during the afternoon runup and held today that i'm trying to sell in the morning.

Can you elaborate on why you think he has a 0% chance of FSD?

You're gonna need a Joe Biden win for this one or just total destruction of USA. Would be absolutely floored if it hits under 800 with out those catalysts.

This is a meme stock being bought by retail investors. Way overvalued imo.

I think this is classic "fake it till you make it", but I don't really like shorting this as they actually have the engineers to have some chance to make it.

How about other competitors that are attempting FSD?

Which brings up the question as to what likely election result is being priced in (if any)? I don’t follow this stock too much. Amazed by the run up. I would think there is a case to be made for a Biden election being a plus for TSLA given his support for “the green new deal” as your ymmv.

Btw this valuation seems completely absurd to me but a lot of people say that.

go to phoenix, get a waymo ride. they basically have infinite money and their ai team is about 10 times the size of tsla. same for cruise, but you can't test them afaik.

I think the tech bubble just burst.

I wouldn't bet on XLK, MSFT, AAPL, or even TSLA to take a nose dive in the near future

Any other hot takes?