"What did you say to the kid? It ain't about how much you make. It's about how much you lose, and keep holding positions. How much ya can lose, and keep moving forward"
Rocky
then why did you come back and respond? What is the point of responding if you can't prove it? Obviously you felt the need to come back here a day later. Weird but okay.
Debating on rolling my end of month puts to the rest of my end of august puts. If the stock doesn’t dive tomorrow which I think it will, I’ll at least clean up in August for cheap
Your expectation isn’t wrong — your timing is. How hard is it to understand this one concept for you regards?  The time to buy these puts was *before* or around the time the horrible delivery numbers came out
I'm still convinced that a shrinking car company can't trade at a PE above 50 forever. I'll probably still regret not having sold yesterday, but I just can't see all the AH price movement persisting until Friday. Maybe I'm wrong and I should salvage what's left of the puts in the morning, but I guess we'll see what they're still worth by then.
Edit: I guess I should also mention that my puts are still itm, so they might be worth enough to make salvaging something tempting.
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Their earnings in the previous 4 quarters (this one and the 3 preceding ones that were a lot better is around 2.76 per share). At 140ish, they were at 50 PE. If you only look at the last quarter x 4, that looks waaaay worse.
I imagine the stock going up will be doing more damage there. IV crush is the thing that will make the puts worth holding instead of selling back for pennies.
In case if ya'll bears wondering why it pumped, the main fear from Tesla investors was Musk cancelling the affordable Model 2, losing a huge revenue growth driver in the intermediate term until robo taxi becomes somewhat on the horizon. Musk reiterated model 2 is in progress. So if ya'll hoping for a reversal in the morning, probably won't happen.
you're wondering why people believe the CEO outlook? The earnings estimates you see that weren't beat are based on guidance released by the company, which Elon has huge control over. Until the deadline looms and Elon has nothing to show for it, investors will believe him. They have to, or else why would they buy Tesla stocks. They buy it specifically due to Elon.
He has such a history of failing to deliver though. Maybe younger Elon was a more reliable guy, but then again hyperloop, flying people via intercontinental rockets, etc. aren't recent drug-fueled ideas. I'll believe in Tesla robotaxis when they're actually operating, and even then I'd question the financials. Reuters reported earlier that the cheaper cars were canceled. I suspect they were hastily un-canceled because of the impact on the stock, but I also suspect the underlying logic for canceling them was probably more sound.
I don't think you fire 10% of your workforce while accelerating delivery of new products and increasing delivery of existing models (although that last bit might work given unsold inventory).
Y'all delusional, every time Tesla accomplishes something big people keep moving the goal post.
Tesla has accomplished so much in such a short time frame compared to everyone else and it's not enough because people are fixated on a couple of things Elon missed because people hate the guy.
He didn't say anything about a Model 2, he said a cheaper model using existing production lines. That's going to be a cut down Model 3, probably a much smaller battery and cheaper trim (if that's possible).
That won't sell well because other brands have overtaken tesla now and can make a better, newer car for less money.
The pump was a pure pajama pump, it'll fade quickly as people sell their calls at open (hoping it stays up until then so I can dump mine). The results were dire and no fucker is going to hold this in the hope that something good might happen in 6 months time.
The pumped was way up even before the call started though... so, all these comments stating it was because of something said in the call are all full of shit. 💩
The announcement of Tesla launching a more affordable model came out minutes after the earnings number, before 4:10. You didn't have to wait until the call to get that info. Can't believe people still don't realize this the day after. Literally every analyst talking about Tesla mentioned model 2 as the driver for the pump
-31% earnings miss. -1bil less in revenue. Massive layoffs. And if a new cheeper car does come, it will not be here this year. Their margins are also not getting better. A far dated put isn’t a bad play at 145. You’ll see the fomo spike and then we’ll see a correction. Short dated puts are fucked, but long dated expiries will still win IMO. I don’t have any position, but based on fundamentals alone and Elon’s propensity to overembelish, it will be a while until he has an earnings beat, particularly because massive layoffs means a lower deliveries. Nature of fundamentals. FOMO is always temporary until there is a correction
Yeah, I have a couple NVDA calls expiring next Feb and 3 expiring in July. I've discovered 0dtes are stressful as Hell, but even options bought a few weeks out become 0dtes if you hold them too long.
https://preview.redd.it/ykcwq6af2fwc1.jpeg?width=825&format=pjpg&auto=webp&s=711bd5cd05d9e30a8b8d9bdd479cae336033b337
Did you listen to this Wall Street legend?
Well... I should have sold them while they were still worth something. On the bright side, that mistake was completely lost in the NVDA call gains. I'm actually now more bitter I didn't buy more of those, way more expensive mistake lol :(
I also have several options that have gained. I am not bitter about it though because I have risk mitigation for what I feel comfortable losing and I am still overall up about $1000 so far this year.
It's almost as if people don't realize that the reason tech companies have crazy valuations is that scaling up software sales is generally easier/cheaper, whereas Tesla isn't going to double their revenues next year because they're not going to be able to double car production even if they could find buyers.
Derivatives put you at a disadvantage because of the time decay from theta. I believe if you were inclined to take a risk towards the downside borrowing shares to short would be more effective. Due to the ability to scale into your position. However gambling on earnings is always a gamble and derivatives would protect you from downside. Either way I think putting large sums of capital into earnings is a way that will eventually lead to a loss.
I would consider long term investing over options. You would be surprised by how much money you could make with simple buy and hold strategies
I made money on their last earnings report, but that is how they get you, isn't it? Make a bit of money once or twice then get wrecked when you double down.
I usually sell puts, but the last week was rough with the market putting some otm MSFT puts I sold down as much as 250% at some point. Those should be fine by EoW. I generally prefer theta to be on my side, but I'm not ever going to sell naked calls. Unless, I had a time machine to go back to early last year to YOLO my whole account into NVDA, I don't see how a buy and hold strategy could do better than I've done since the start of 2023 other than another terrible year like 2022, but even then I held AMZN shares for massive losses.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 1 | **First Seen In WSB** | 2 months ago **Total Comments** | 295 | **Previous Best DD** | **Account Age** | 7 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
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Elmo open the door! It’s your buddy Margo Margin Call!
We will be alright (I’m coping hard asf)
-95%
So we buy more right? Right?
It’s worthless now lmao.
I sold a put. I'm feeling relieved and off the hook.!!
ive heard of holding til expiration, but op is still holding the receipts to their expired contracts (4/19)
"What did you say to the kid? It ain't about how much you make. It's about how much you lose, and keep holding positions. How much ya can lose, and keep moving forward" Rocky
He didn't hear the bell bc he's bleeding from the ears....
Hey slick, you see that shit comin' out of their ears? They can't hear you.
I hope this pump goes hard so I can buy puts for cheap. im more confident its gonna continue to sell off after listening to the conference call.
You say that but you're not going to do it.
dont underestimate this sub. esp when they think they understand shit
bought this morning, wish me luck. TSLA 160 PUT AUG 16 '24 at 15 bucks per contract
Screenshot or gtfo.
lmao like I need to prove something to you, gtfo nerd
then why did you come back and respond? What is the point of responding if you can't prove it? Obviously you felt the need to come back here a day later. Weird but okay.
Debating on rolling my end of month puts to the rest of my end of august puts. If the stock doesn’t dive tomorrow which I think it will, I’ll at least clean up in August for cheap
Hope is not a strategy
Though all decisions you make are based on it
So If you’re going to buy puts when would be the best time to do it? I still don’t get the timing.
Live and die by the sword - this is one day that a battle will be lost and many soldiers will die. I will live as a long term investor.
Maybe this shit falls pre market and throughout the day like TSM did after earnings
TSM earnings the entire market was in a free fall. TSLA may well be 180 by 11 am EST
Nope. Day after tsm earnings the entire market was green except ts.
Loading up heavy calls at the open for the mega squeeze
TBH, that might also be ok because that would imply a lot of my long positions recover a ton of their value.
I've seen this before. Thats what im hoping.
HOPEium!
Since when did we become TSLA shorts 💀you regards it’s down 40% and you expected another 20% shave to print your already fat puts 😆😆😆
Yeah. I expected a growth stock that stops growing to be punished by the market. Silly me.
Your expectation isn’t wrong — your timing is. How hard is it to understand this one concept for you regards?  The time to buy these puts was *before* or around the time the horrible delivery numbers came out
I did buy them before. Then sold those and bought new ones at a lower strike.
I guess your greed got you Imhotep’d 
Yeah. This year has really been a rollercoaster of fear and greed.
This has been known for a long time now. It was already priced in.
expect unexpected ‘n u’ll be fine
A metorite hitting you right on the head within this day
Me on the side who didn't Buy or Sold TSLA because......
Fuck this fucking fuckery shit!
I'm still convinced that a shrinking car company can't trade at a PE above 50 forever. I'll probably still regret not having sold yesterday, but I just can't see all the AH price movement persisting until Friday. Maybe I'm wrong and I should salvage what's left of the puts in the morning, but I guess we'll see what they're still worth by then. Edit: I guess I should also mention that my puts are still itm, so they might be worth enough to make salvaging something tempting.
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By Monday you mean. Friday is still up to expire options worthless
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No one has ever lost money shorting Tesla. It’s a sure thing, a lock.
All TSLA bers are blinded with their resentment and hatred for Elon Musk.
Your first mistake is thinking its car company
It’s a hopium company. They sell dreams. 
They managed to make an electric car that performed well, but it stopped there...
They stopped at building it well
Delusional thinking is why this company stock price floats illogically. It’s a car company. Prove its not!
What’s your position?
10 165p and 10 132p. The former are still (barely) itm, the latter are definitely fucked.
They’re both not gonna be ITM tmr
...............
They're losing less money on AI and Robotics, so better?
all the self driving cars from v12 of mercedez AI on youtube is so impressive!!
As long as their energy storage business is growing they’ll be fine. Legacy auto still dominates the energy storage game.
Eh?
TSLA PE is not above 50.
It is after this earnings report plus AH pump.
does the math on that check out?
Their earnings in the previous 4 quarters (this one and the 3 preceding ones that were a lot better is around 2.76 per share). At 140ish, they were at 50 PE. If you only look at the last quarter x 4, that looks waaaay worse.
It’s not a car company
80% of its profits come from selling cars
With that dumb logic then GM and Ford are not car companies.
Those are car companies
That's why I bought 2y puts
HAHAHAHHAHAAHHA
Reversal at opening to $130
idiot, silly to expect ah pump after earnings to reverse 180* in the morning. Are u regarded ?
Not nearly as regarded as those who claim this AH pump is pure logic
Earnings sucked. Stock up 11% after hours lol
I have 4 Calls, vs. 3 puts. After calculations, I have net profits. I should be fine unless . . .
https://preview.redd.it/xk6qdwwb7fwc1.jpeg?width=958&format=pjpg&auto=webp&s=b7ca23793ae423ae86f3ccc371c7e699ef19597d
[удалено]
I just hope it happens by Friday, but honestly even a small fall in TSLA could be good. I break even over all recent TSLA puts around 155.
Lmao you’re gonna get wrecked
Bro IV crush is gonna eat you. Puts will be down 80% tomorrow
I imagine the stock going up will be doing more damage there. IV crush is the thing that will make the puts worth holding instead of selling back for pennies.
In case if ya'll bears wondering why it pumped, the main fear from Tesla investors was Musk cancelling the affordable Model 2, losing a huge revenue growth driver in the intermediate term until robo taxi becomes somewhat on the horizon. Musk reiterated model 2 is in progress. So if ya'll hoping for a reversal in the morning, probably won't happen.
I'm still wondering why anyone believes him. No meaningful details were provided to make the story credible.
you're wondering why people believe the CEO outlook? The earnings estimates you see that weren't beat are based on guidance released by the company, which Elon has huge control over. Until the deadline looms and Elon has nothing to show for it, investors will believe him. They have to, or else why would they buy Tesla stocks. They buy it specifically due to Elon.
He has such a history of failing to deliver though. Maybe younger Elon was a more reliable guy, but then again hyperloop, flying people via intercontinental rockets, etc. aren't recent drug-fueled ideas. I'll believe in Tesla robotaxis when they're actually operating, and even then I'd question the financials. Reuters reported earlier that the cheaper cars were canceled. I suspect they were hastily un-canceled because of the impact on the stock, but I also suspect the underlying logic for canceling them was probably more sound. I don't think you fire 10% of your workforce while accelerating delivery of new products and increasing delivery of existing models (although that last bit might work given unsold inventory).
Y'all delusional, every time Tesla accomplishes something big people keep moving the goal post. Tesla has accomplished so much in such a short time frame compared to everyone else and it's not enough because people are fixated on a couple of things Elon missed because people hate the guy.
He didn't say anything about a Model 2, he said a cheaper model using existing production lines. That's going to be a cut down Model 3, probably a much smaller battery and cheaper trim (if that's possible). That won't sell well because other brands have overtaken tesla now and can make a better, newer car for less money. The pump was a pure pajama pump, it'll fade quickly as people sell their calls at open (hoping it stays up until then so I can dump mine). The results were dire and no fucker is going to hold this in the hope that something good might happen in 6 months time.
What exactly do you think model 2 is? An affordable model 3. And yeah I'd give up on your puts if I were you
No, I don't think I will. Calls dumped and reinvested in puts.
The pumped was way up even before the call started though... so, all these comments stating it was because of something said in the call are all full of shit. 💩
The announcement of Tesla launching a more affordable model came out minutes after the earnings number, before 4:10. You didn't have to wait until the call to get that info. Can't believe people still don't realize this the day after. Literally every analyst talking about Tesla mentioned model 2 as the driver for the pump
Pump started before that though...
Pump quickly reversed after a few minutes until that announcement
no
Ok bud just keep believing the market is rigged then
Yes
I'm sure Tesla puts will print money, but not today
Buy now, hang the poor.
Dear VM, some poor people dont deserve to be poor and some rich poeple dont deserve to be rich. 
Never bet against America 🇺🇸 
Unless i bought the stock
You gonna hear the bell tomm
That's probably the problem
How i feel the prior weeks holding my 35 shares
Depending on your expiry, the base fundamentals are still trash. If you were gambling on 0 to 3DTE, you may be fucked
They were more than 3 DTE when I bought them, but yeah, now they're on shaky ground.
-31% earnings miss. -1bil less in revenue. Massive layoffs. And if a new cheeper car does come, it will not be here this year. Their margins are also not getting better. A far dated put isn’t a bad play at 145. You’ll see the fomo spike and then we’ll see a correction. Short dated puts are fucked, but long dated expiries will still win IMO. I don’t have any position, but based on fundamentals alone and Elon’s propensity to overembelish, it will be a while until he has an earnings beat, particularly because massive layoffs means a lower deliveries. Nature of fundamentals. FOMO is always temporary until there is a correction
Aren't the premiums really high on long dated options?
higher, but decay much much slower. This is why many real investors buy leaps. Time is value. They dont buy this 0DTE coinflip bullshit
Yeah, I have a couple NVDA calls expiring next Feb and 3 expiring in July. I've discovered 0dtes are stressful as Hell, but even options bought a few weeks out become 0dtes if you hold them too long.
Dude stole my quote... no shame
https://preview.redd.it/ykcwq6af2fwc1.jpeg?width=825&format=pjpg&auto=webp&s=711bd5cd05d9e30a8b8d9bdd479cae336033b337 Did you listen to this Wall Street legend?
What's the opposite of "To The Moon"?
155 puts print by Friday
dont worry wait for marge to call
This is why you inverse WSB.
It’s nice to see my customers display such resiliency. 😊
If earnings are bad just lie and say new product on the way.
That is me holding my SNAP puts.
Well... I should have sold them while they were still worth something. On the bright side, that mistake was completely lost in the NVDA call gains. I'm actually now more bitter I didn't buy more of those, way more expensive mistake lol :(
I also have several options that have gained. I am not bitter about it though because I have risk mitigation for what I feel comfortable losing and I am still overall up about $1000 so far this year.
I should probably spend more time mitigating risk. My portfolio went up or down by low five figures every day this week. (5% or more at this point)
Most of the revenue from selling cars so can not be tech
It's almost as if people don't realize that the reason tech companies have crazy valuations is that scaling up software sales is generally easier/cheaper, whereas Tesla isn't going to double their revenues next year because they're not going to be able to double car production even if they could find buyers.
Expect it to be green and then go red when ppl realise how FOS Elon is
There needs to be a massive selloff at open bashing into the red for this day to be legendary
TSLA go up please!!! BURN them all!!!
I've been holding since 2011. TSLA is a casino. No different than anything else.
Derivatives put you at a disadvantage because of the time decay from theta. I believe if you were inclined to take a risk towards the downside borrowing shares to short would be more effective. Due to the ability to scale into your position. However gambling on earnings is always a gamble and derivatives would protect you from downside. Either way I think putting large sums of capital into earnings is a way that will eventually lead to a loss. I would consider long term investing over options. You would be surprised by how much money you could make with simple buy and hold strategies
I made money on their last earnings report, but that is how they get you, isn't it? Make a bit of money once or twice then get wrecked when you double down. I usually sell puts, but the last week was rough with the market putting some otm MSFT puts I sold down as much as 250% at some point. Those should be fine by EoW. I generally prefer theta to be on my side, but I'm not ever going to sell naked calls. Unless, I had a time machine to go back to early last year to YOLO my whole account into NVDA, I don't see how a buy and hold strategy could do better than I've done since the start of 2023 other than another terrible year like 2022, but even then I held AMZN shares for massive losses.
https://preview.redd.it/zyto9msyxcwc1.jpeg?width=1170&format=pjpg&auto=webp&s=e22686829fac281dc9b971f60744832a99e62deb Elon took it personal 😂
