TSLA The longer-term case for 2022 in 2022 sprinted out of the gate on the first trading day of the year. The news on Sunday was all about Tesla's record production and delivery numbers in the 4th quarter of 2021. Our positions are benefiting accordingly and should this rally continue through 4th qtr earnings in late January we may have to roll-up once again on our option strike prices. There have been many TSLA call and LEAP's highlighted over the past three months on both the Premium and PRO Services, but this one in particular has been my favorite, from October 14, 2021 "The March 18th (2022) $1,200 calls are trading today at $9.50 ($950). At $1,400 those calls are worth $200 ($20,000)" Although those calls have been as high as $219 (Nov 4th) they are trading today at $130, still a 1200% gain. As suggested in the Dec 30th Update, there will be more opportunities for highly leveraged TSLA gains throughout the year ahead. Bitcoin The chart below allows for a hard fall below $4,600 in the days ahead. If so, expect BITO Feb and/or March puts to be on our menu for an intermediate term drop below $40,000. The parallel channel either holds the decline from $69,000 in November, or, a new leg lower will be triggered. Puts of Interest on Bitcoin drop below $46,000 BITO Feb18th $28P BITO Mar18th $25P
