TSLA

TESLA MOTORS
11/12/2013 O STC TSLA Nov13 142 Put 8 $4.65 $14.95 $3,704.73
11/12/2013 O BTO TSLA Nov13 142 Put 8 $3.30 $14.95 ($2,655.20) 1,049.53
Total Realized Gain/Loss for TSLA $1,049.53


This trade was made actualy off the 55 chart gap.

There was a gap on 11/6 - 11/7 and yesterday TSA could not close that gap. When I saw the red candle growing and glancing at the 34,21,10E and 5E I bought @ about 9:42. I placed my option .20 lower than what was offered which at that time was 3.60.

As soon as I clicked I was in at $3.30. I sold at 10:08 AM. I was in this trade 26 minutes. Although the trade is higher right now @ 10:33, I generally do not argue with $1,000.00 in 26 minutes.

I generally place my options to buy lower than offered if it looks like the stock will have a pull back. And I place my sell order higher than what is being offered if it looks like the stock will go slightly higher (lower).

These were the only signals I saw but knowing the negative feelings by investors and traders I was almost !00% certain of my trade. Done for the day.

ADD S/O bouht @ 10:20 (TSLA) and is currently up $1040.00 with 8 contracts. LOL he is fussing because I left $ on the table. LOL....



Edited 2 time(s). Last edit at 11/12/2013 12:00PM by Darcy2.

Good trade Darcy, also have a question. Do you still have and use the BB's on your "E" charts? Thanks

I do but only in a consideration of a trade not to detrmine getting out once in a trade. My BB are on the 10, 5 and 3 E charts. The BB on my E chart is very, very light blue.

On this trade I expect TSLA to fall...today I am thinking a pull back.

Want to see something interesting on gaps?

Take your TSLA 55 chart back to 8/7 an 8/8 and draw a ray line from the top of the candle close on 8/7 (make that line dark green) to the bottom of the candle open on 8/8 (make that line red). Then draw a ray line in the center of those 2 lines (make that line drk red). Now go to todays 55 chart. Hum...could that dark green line be support? It is possible....

Also note how the gaps of 8/7 and 8/8 show up again on 11/6 and 11/7....interesting.

PS. Look at the gap on 11/1 and 11/4. Draw the same ray line and make a center ray line. Then look at the gap on 11/5 and 11/6. Note that the ray lines you drew on 11/1 and and 11/4 are the center. The gaps are telling us something about TSLA. So a question: Are they showing strength or weakness?

This is why I love gaps.

Read more aboout gaps on investopedia.com. It is free.



Edited 1 time(s). Last edit at 11/13/2013 09:38AM by Darcy2.

I saw TSLA this morning with FP on 21,34 and E on the 10 and was going to buy the strike 125 NOV weekly (4) option, stock was around $130 at the time down $5. I wish I had pulled the trigger but these 3 things kept me out.
1 It was against the market as it was up at the time
2 It was also the day after expiration Friday when option prices are screwy acting
3 The strike was at the OTM (too far away)
Man how I wish I had gotten in it. That option then was 1.80 and went as high as 5.00

TCB- I bought TSLA, but I bought it around lunch. It was simply an art trade for me. This stock was constantly going down, so I watched and watched, and watched. I thought it would be well worth the risk based on the rate it was dropping, so I have been in for about a $4 ride, I am still in for the ride. I will DEFINATELY get out before the day is over. I do not trust what this thing will do between now and tomorrow. I am not familiar with this stock. This was simply an uninformed sniper trade that I took a risk. I only exposed $2K, but that has grown almost 50%. Looking to get out-soon!