What is #TSLA4Tesla project? I am not into cars. My son, Arian, 8 years old, is different. He loves cars. Sometimes back, he got in love with Tesla. He asked me to buy a Tesla. I didn't need a new car. However, seeing Arian's craze for Tesla, and my love for trading stocks, we made a deal to trade TSLA stocks to see if we can buy a real Tesla. Full story.
TSLA stock is selling off like crazy right now. It reached 376+ today and made an all time high but now trading around 362! Not sure why it is crashing when overall market is still great. Do you know reason why it is dropping today? In my trading system, it seems like downtrend, only for TSLA stock, not the Tesla company or Tesla cars, has started. (Profitfromprices, U TURN (sell)). Keep a SL at $380. What do you think? Are you still bullish, or bearish, on TSLA stock? Please note that I am talking about TSLA stock, not Tesla company! Here is the link to the signal I use. http://www.profitfromprices.com/stock_trading_strategy_Short_selling.htm
Project #TSLA4Tesla successfully resulted in a purchase of the Tesla Model S for Arian on December 1, 2015. It was ordered in the first week of October 2015 when the balance was around $75k in project #TSLA4Tesla. After considering a tax rebate of $7500 by the Federal Government and $2500 cash rebated by California state, this was enough to purchase one Tesla Electric car. (On the delivery day, the profit stood above $90k in TSLA stock trading). It was a bit difficult, psychologically, to send over $80,000 for a car. I never thought I would spend this much money to buy a car. However, this was a deal with Arian so my hesitation was my problem LOL. I took some deep breaths and EFTed the last payment of approx 80k from my bank account a few days before the scheduled delivery.
At the time of placing the order, I wanted this car to be delivered on Arian's birthday which was on December 1st. The delivery agent from Tesla, Van Nuys, CA service station, Sophea Ing made it possible. Tesla is known for its excellent customer service. It fell a bit short though IMO LOL. I had asked Sophea to see if Tesla can add something like a Tesla cap or a sweatshirt for Arian so he can proudly show off his Tesla. Probably Arian is one of the leading Tesla fans among kids his age. That few bucks of generosity by Tesla would have proved to be the BEST MARKETING DOLLARS ever spent in terms of ROI. Arian would have proudly talked about how Tesla is a great car to his friends and whoever he met. This could push them a bit towards becoming future customers of Tesla or some EV. Well, one who can pay for a Tesla car can sure spend a few bucks. However, I wanted to tell Arian that Tesla company gave that cap or sweatshirt to its special fan on his 9th birthday. I had asked Tesla Delivery Specialist the same but all she could get was a coffee mug and an umbrella for a customer in California where a chance of using an umbrella is as rare as winning a jackpot in some lottery LOL.
Arian didn't know his car was coming. A few days before his birthday, I was driving him to school. We were talking about Beats headphones. He was pursuing me to buy one for him. During our talk, at one point, I told him that for the money of one Tesla car, one can buy around 500 good headphones. I asked him what he would choose. He immediately said, "No, Tesla is the best". He wanted some video games too so (at the hint of another Tesla owner on MyTesla forums), I asked Arian if he still wanted a Tesla or would he like me to buy all video game systems in the world with all video games available. His answer was the same, "Still, a Tesla". Doesn't this prove he is still a big fan of Tesla as much he was when I made this deal #TSLA4Tesla at the beginning of 2014?
On his birthday, I left my car at the local Walgreens parking lot and a friend gave me a ride to work. I took delivery of the car, drove it back to Simi Valley. I parked and left Tesla in the same parking lot in the evening. I drove home in my Honda Accord. As this was his birthday, we were going to the local CPK as he wanted to celebrate his birthday there. He is a Pizza lover too ;) I asked my nephew Nihar Patel, 19, to drive us all to CPK. At that point, in privacy, I told Nihar about the Tesla. Nihar got excited and was surprised too. He also didn't know that I was purchasing a Tesla. Arian's mom didn't know it either. Only my older son, Miraj who is a UCSD student, knew it. He was unfortunately in San Diego preparing for his finals. Nihar was the third person in the family to know about this car. I asked Nihar to take some quick videos and some photos to capture the moment when Arian met his dream car. When we were driving, I told everyone in the car that I needed to pick up some photos from Walgreens. I had Nihar park next to our Tesla. As Arian spotted this brand new Tesla in the next parking spot, he was excited as always to see a Tesla. This was probably the closest he was to a Tesla. (Same was true for me when I went to test drive a Tesla on the day of ordering. I had touched a Tesla first time that day!). As we come out of the car, and when Arian sees his car, well, feel those moments yourself. Nihar is not a great camera person lol (I myself try to take better photos but that is a different story) but he did capture the moment very well. Here is the video.
With Arian finally in his Tesla, this project #TSLA4Tesla, #Tradingwithapurpose concludes successfully. If you are curious to see all trades made in Tesla stock, click on this link.
Tesla stock TSLA had a good run this morning. It touched above 221 this morning. Then it came back to below $218. It looked good on the chart to do a quick day trade so bought these stocks mostly to sell by end of the day.
> TD Ameritrade, Inc. Courtesy Fill Notification
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> For your order to buy 400 shares of TSLA at 218.76 limit, good for today:
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> You bought 400 shares of TSLA at $218.76 on 11/18/2015.
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Tesla earnings to be announced in few minutes. The stock dropped from $212 (I missed an order to sell my 200 stocks by few cents) to $208 over few minutes. At that price, I am willing to buy 200 Tesla stocks that I sold yesterday at 195 -$4=$191. Hence sold 2 195 Put options and collected around $800 in premimum!
Last few trades before I conclude #TSLA4Tesla project!
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> For your order to sell to open 2 puts of TSLA_110615P195 at 4 limit, good for today:
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> You sold to open 2 puts of TSLA_110615P195 at $4 on 11/03/2015.
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> Date: Mon, 29 Jun 2015 13:19:42 -0500
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> For your order to sell to open 2 puts of TSLA_071715P257. at 6 limit, good for today:
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> You sold to open 2 puts of TSLA_071715P257. at $6 on 06/29/2015.
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> For your order to sell to open 2 calls of TSLA_050815C235 at 9.95 limit, good for today:
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> You sold to open 2 calls of TSLA_050815C235 at $9.95 on 04/29/2015.
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Your alert for the sell trade of TSLA 05/01/15 C 00232.500 from account XXX-X2K00, was triggered on 04/27/2015 at 10:31:30 ET. You traded 2 shares for $4.95 per share.
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> For your order to sell to open 2 puts of TSLA_041715P207. at 2 limit, good for today:
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> You sold to open 2 puts of TSLA_041715P207. at $2 on 04/15/2015.
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> For your order to buy 200 shares of TSLA at 185.52 limit, good for today:
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Tesla- looks like it is ready for a break out.
Look a the chart below. It has a strong resistance line. There is a support line too around $185-190 level. I think the sentiment is negative. Plus, overall market is showing weakness too. This makes it hard to say anything. Will Tesla stock TSLA just give in and go below $150? I think it will try to trap the bears and go to $250 one more time and form a sort of head and shoulder pattern. Anyway, I can't say anything for sure because I don't know anything for sure.
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> For your order to sell to open 2 calls of TSLA_032715C197. at 4 limit, good for today:
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> You sold to open 2 calls of TSLA_032715C197. at $4 on 03/20/2015.
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> For your order to sell to open 2 calls of TSLA_032015C195 at 3.45 limit, good for today:
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> You sold to open 2 calls of TSLA_032015C195 at $3.45 on 03/16/2015.
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Sold 2 Put options expiring tomorrow for $2. Strike 202.50
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> For your order to sell to open 2 puts of TSLA_022715P202. at 2 limit, good for today:
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> You sold to open 2 puts of TSLA_022715P202. at $2 on 02/26/2015.
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Intending to go long if Tesla drops after earnings today. Sold two more put options at 202.50 at $6.45.
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> For your order to sell to open 2 puts of TSLA_021315P202. at 6.45 limit, good for today:
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> You sold to open 2 puts of TSLA_021315P202. at $6.45 on 02/11/2015.
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Sold 2 tesla put options at 200 for $4.95. I already have a short position in the stock.
Trade Alert
Your alert for the sell trade of TSLA 02/13/15 P 00200.000 from account XXX-X2K00, was triggered on 02/11/2015 at 09:49:24 ET. You traded 2 shares for $4.95 per share.
I had 2 Call options on TSLA stocks @207.50 sold at $3.95 on Feb 02, 2015. I earned a premium of $784 but the contracts got exercised and hence I have a short position in Tesla stock of 200 more stocks at $207.50. Add this to 200 short already open in MerrillEdge account so current 400 TSLA short stocks.
I sold 2 Put options on TSLA @6.45 today. This is an earnings week so the Tesla stock can move significantly. Hence premiums are also rick. As I already have Short position in the stock, I was to hedge so sold Put options at $207.50 strike price which is also the cost of Short in my TDAmeritrade account. I pocketed premium of $1284.
Besides total 400 shorts in Tesla stocks, I have two option positions are open. First one, as mentioned above, sale of 2 PUT options, plus sale of 4 CALL options at $220 at @ $5.50.
If earnings release by Tesla does not create any surprise or shock in the market, I will be a happy camper. If the stock drops, I would be more rick as I already have 400 shorts with only 200 hedged by sale of Puts at 207.50.
So far, except 400 short position open, I have around $35000 profit towards Arian's Tesla. For detailed trades, click on the menu- Transactions and you can see all trades in TSLA in a Google doc named "Trades".
** This is no advice or invitation for anyone to trade TSLA or any stock. I am posting this for my personal use. This is a real life fun experiment to see if Arian is lucky enough for riding to school in Tesla**