First, a brief update on the Big Picture: The market was able to recover, at its high, about half of what it lost on Friday, but no more. If it recovers it all, very bullish and the likelihood of a slew of new Intermediate Term Buy Signals. If instead prices take out Friday's lows, very bearish and the likelihood of a slew of new Intermediate and Short-Term Sell Signals. All the while, a silent but deadly virus is trying to work its way around the globe. Worst of all: Valentines Day lurks ahead. At least we have this: Tesla Soars Who would ever have thought that a one day 327% gain on an option position would disappoint? That was today's gain on the Feb $650C in the Premium Service portfolio. The PRO Service call, the Feb $700C was up 553% today. So what's to complain about? How about the March $1180C which was up 1475%? There are three weeks to go before the Feb 21st expiration, so it is time to start thinking about rolling those over into March and at higher strike prices. That's not to say the Mar 20th $1180 call is the way to roll, but it is the only March 20th call that is available for under $10 (at least available right now, new strikes may be coming). Everyone has their own risk parameters and with such huge TSLA call gains being realized, and unrealized, there is no one size that fits all when it comes to strikes and expirations. That's why these tables keep getting sent out. As a general rule, over the next few weeks, roll into March at higher strike prices, and if it makes sense to you, always take a little of your gains off the top and buy shares. At the end of this journey it would be quite gratifying to own a boatload of shares with a zero cost basis. What are the chances these kinds of returns will be possible tomorrow? About the same as they were that it would happen today. Last Friday the Dow was down 600 points, while TSLA was up $10. Was that a"heads-up?" What about today?
