TSLA TSLA generated an Intermediate Term Buy Signal at the close on Wednesday. Although it is still possible that Wave (2) downtrend is still unfolding, these signals have a reliable enough track record to be acted upon. There are plenty of puts in the Premium Service options portfolio to compensate if the market takes another dive taking TSLA with it, so the real risk now is getting in TSLA LEAPS late as Wave (3) takes price higher, much, much higher. There are 660 days to Jan 2025 monthly expiration, plenty of time to recover if there is another dip, and plenty of time for TSLA to reach a $3 Trillion market cap (about $1,000/share). Note: This is a core TSLA position. We will be adding shorter-term duration TSLA options as trading positions in the months ahead. TSLA - Intermediate Term (Daily Price Bars) Option: Jan 2025 $420C (16.90 - 17.35) Target before Expiration: TSLA >$500; Jan 2025 $420C >$80 Stop (Optional): 50% Trailing SCHW - Sell Pending Premium Trade: Buy Jun 16th $45P on any close this week under $50. Target = $30's; Stop = 50% trailing stop from highest option price post-entry.
