Labor Day weekend marks a traditional end-of-summer/beginning of football time of year, including a market transition from summer rallies to fall debacles. The seasonal pattern is not a sure thing and we don't want to be without some TSLA leverage, especially after bagging some healthy gains on a couple of our TSLA trades from earlier this year. In particular, the purchase of the Sep $200C on May 5th (in both the Premium and PRO Trading services), if it is still in your trading account, needs attention. If you are still holding you have close to 465% in unrealized gains. Lock it in, move anywhere from 1/4 to 1/2 of the proceeds into December calls as per Tuesday's Update. December 15th TSLA Calls The remainder of proceeds from this position should be held in abeyance for entry closer to either Oct 18th earnings or a seasonal/crash low due in the next 30-60 days. TSLA - Long Term Point & Figure Chart Third Wave UP - Cycle, Primary or Intermediate Degree, unfolding into 2024
