Reflex Research

@ReflexFunds

EVs, solar, wind & batteries are superior tech with better economics. Let's replace the $3trn Auto, $3trn Oil, $3trn Electricity & $1trn+ Energy industries.

Vrijeme pridruživanja: lipanj 2018.

Tweetovi

Blokirali ste korisnika/cu @ReflexFunds

Jeste li sigurni da želite vidjeti te tweetove? Time nećete deblokirati korisnika/cu @ReflexFunds

  1. Prikvačeni tweet
    5. velj

    master thread. In case you missed any of the below threads on topics including: Tesla's current & future EV powertrain & battery tech advantages, production growth, operating leverage, Wright’s Law, share price drivers, S&P 500, options delta hedging, converts, UK BIK taxes

    Prikaži ovu nit
    Poništi
  2. proslijedio/la je Tweet
    6. velj

    The following thread summarises what happened with Tesla options this week: This table puts the powerful feedback loop impact of options delta hedging on $TSLA’s share price this week in more quantitative terms:

    Prikaži ovu nit
    Poništi
  3. proslijedio/la je Tweet
    6. velj

    9) Call Option Open Interest Changes This Week:

    Prikaži ovu nit
    Poništi
  4. prije 16 sati

    25) In depth look at the options delta hedging feedback loop day to day trends which drove the share price extremes from 3rd Feb:

    Prikaži ovu nit
    Poništi
  5. prije 16 sati

    24) What drove the crazy share price moves this week (starting 3rd Feb):

    Prikaži ovu nit
    Poništi
  6. proslijedio/la je Tweet
    prije 18 sati
    Odgovor korisniku/ci

    If anyone is interested in learning more about Tesla's technology, business fundamentals and share price technicals, this thread contains links to 23 of my threads covering different aspects the company in detail:

    Poništi
  7. proslijedio/la je Tweet
    5. velj

    master thread. In case you missed any of the below threads on topics including: Tesla's current & future EV powertrain & battery tech advantages, production growth, operating leverage, Wright’s Law, share price drivers, S&P 500, options delta hedging, converts, UK BIK taxes

    Prikaži ovu nit
    Poništi
  8. 6. velj

    master thread containing links to 23 threads covering different aspects of Tesla's technology, business fundamentals and share price technical drivers:

    Prikaži ovu nit
    Poništi
  9. 6. velj
    Prikaži ovu nit
    Poništi
  10. proslijedio/la je Tweet
    5. velj

    What has driven the crazy moves in Tesla’s share price this week? Its is hard to know for sure. I think it is a combination of four main things:

    Prikaži ovu nit
    Poništi
  11. 6. velj

    More detail on the delta hedging impact on this week:

    Prikaži ovu nit
    Poništi
  12. 6. velj

    20) I first mentioned the potential for out of control feedback loops at Tesla from options delta hedging on TMC in November. And on Twitter in mid December:

    Prikaži ovu nit
    Poništi
  13. 6. velj

    19) ... In this case, the option market open interest would be reduced by this transaction. The liquidity of the Tesla option market actually makes this more likely given most delta exposure is in liquid contracts where it is easy for market makers to close.

    Prikaži ovu nit
    Poništi
  14. 6. velj

    18) ...If they did put on option hedges with other market makers they would be incentivised for it to be exactly the same contract, so they don’t end up with a huge book of open contracts with other market makers with different vega, theta exposures etc. ...

    Prikaži ovu nit
    Poništi
  15. 6. velj

    17) ...However I doubt this is a huge % of open contracts as a huge book of long and short open call contracts between market makers purely for the purposes of hedging is a very inefficient market…

    Prikaži ovu nit
    Poništi
  16. 6. velj

    16) D) Market maker to market maker open options for hedging are not delta hedged. If one market maker opens a call with another market maker to hedge other open Tesla call options, this increases open interest in the market but does not increase net delta of the market...

    Prikaži ovu nit
    Poništi
  17. 6. velj

    15) Reasons why an option may not be delta hedged: A) Options sold for covered calls, B) Call/put spread trades C) Unhedged options sold by investors etc.

    Prikaži ovu nit
    Poništi
  18. 6. velj

    14) .. but these numbers should still be valid directionally whether you assume 50% or 60% or 80% of the net delta exposure of sold options in the market needs delta hedging.

    Prikaži ovu nit
    Poništi
  19. 6. velj

    13) B) These numbers presented are if 100% of option sellers delta hedge their shares and 100% of option buyers do not (and no not own positions in underlying shares). This is definitely not the case in reality for several reasons...

    Prikaži ovu nit
    Poništi
  20. 6. velj

    12) It is important to note none of these numbers are exact, in particular: A) I used a rough average IVM estimate for all options. But because so many calls are deep in the money IVM doesn’t actually have a huge impact on the numbers.

    Prikaži ovu nit
    Poništi
  21. 6. velj

    11) Net Call minus Put Options Open Interest Trends this week:

    Prikaži ovu nit
    Poništi

Čini se da učitavanje traje već neko vrijeme.

Twitter je možda preopterećen ili ima kratkotrajnih poteškoća u radu. Pokušajte ponovno ili potražite dodatne informacije u odjeljku Status Twittera.

    Možda bi vam se svidjelo i ovo:

    ·