RE: Tesla: The Top Is Here by Victor Dergunov
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Yeah, that was really a hell of a ride in Tesla. Tried to short it, but I was to early and SL got hit (last friday I think). Fortunately, cause it made another 200 or 300 the next days.
I think some hedgefund made a mistake with puts and need to cover the stock after :D
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xD yeah I read somewhere about the billions of $ that the short sellers lost on that TSLA rally.
I actually made a small killing on TSLA's run up to $900 and then again the day after when it dropped down to $780ish.
I had puts which rose 30% in value from implied volatility on the $900 day and then I bought more close to the money puts the next day that ended up with a 50% profit thanks to the sharp correction. Tesla is definitely a fun one to trade on. I'm still long-term bullish but these current price levels are completely irrational.
Posted via Steemleo
Yes, really. Crazy volatile stock, good for swingtrades :)