Tesla reported earnings yesterday to a mix bag of fundamental analysis word salad, but a clear and unequivocal thumbs up where it really counts, share price: July 19th afternoon update: "TSLA reports earnings tomorrow (Wed July 20) after the close. There is NO indications from these chart patterns whether the stock will move up or down into and out of the report. If that changes tomorrow before the close, I'll report back. Do keep in mind the company is on a trajectory to quadruple its market cap in the next 5 years, will split 3:1 later this summer, and can double and then double again before the 2023 & 2024 LEAPS expire." "These Nov calls have 123 days left until expiration, which means while they are sensitive to short-term moves caused by news, i.e., earnings, or stock split, or a new battery, they also provide some time staying power for a random multi-hundred dollar rally that comes out of nowhere, something TSLA has an uncanny knack to do on occasion. In other words, a good balance of time and leverage if short-to-intermediate term bullish. Longer term, 2023-2024 LEAPS are a better choice, even if further out of the money." The Premium Service is still Long the Jun 16th 2023 $1,200C bought in June 2021 @ $90. It is currently trading at $82 and is still attractive at this level. Shorter-Term Trade: After today's Open the PRO Service bought the Nov 18th $1,200C. Scanning across all of the options, expirations and strikes going into the close, it still looks to give the most bang for the buck for a short-to-intermediate term move, so I want to open the trade up to Premium subscribers as well. Keep in mind, TSLA or not, it is still an aggressive trade. My stop on this call is any share price decline below Wednesday's close: $742.50.
