Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

The Power Of Goldman

Just a few days ago Bank of America analysts stated that they were holding to their $39 Tesla price target. Tesla shares rose about 8% over the next few days. Bank of America's analysts were ignored.

Today Goldman issued an $84 price target, and the shares immediately fell 14%. Talk about analyst power.

My July 115 puts went from $.22 to a closing price of $7.40, a 4000% gain in one day. Needless to say, I am grateful Goldman put out this report before Friday's option expiration.

Tesla is obviously overbought, and I've made some good trades this month based on market irrationality. But option trading is all about timing, and today I just got lucky.