Some of the TSLA Apr calls hit a 50% trailing stop today, although for positions based on the "Auto-Pilot" strategy from the Weekend Update, it doesn't matter as both short and intermediate term positions are still in place. But the "Open Trades" table at the website (PRO and/or Premium) shows those positions stopped since at least for the time being, we will continue providing those stop prices. TSLA is a special situation stock, maybe a once in a decade opportunity, so getting stopped out of calls should be avoided. I have smaller positions on myself, 1/2 what I would normally carry, and have no strict rule for exiting. When the calls have gone up several hundred percent, I sell them, put half into a higher strike, put 25% into TSLA shares, and bank the remaining 25%. This is what has been working almost flawlessly for me. The only exception is the Jan 2021 $420 calls, which I pretty much am married to, no matter what. Everyone's trading and investment circumstances are different, so there is no way to structure a strategy where one size fits all. For some, just holding the Jan 2021 calls (+1300%) is good enough. For others a more aggressive approach suits them, i.e, holding an Intermediate Term and/or Short-Term position. So I'll keep the official tables as is, but understand that your positions may be different. The stock is going up into the thousands over the next three years. Expect speed bumps along the way, but also expect superchargers. More in this Weekend's Update.
