It's time for a quick review of current tracking positions. It's not meant to be exhaustive of all the trade ideas set forth in the updates, but these tables do serve as a base to follow the major themes of the services. Note: Once an option expiration date passes the option position drops off of the table and may or may not be rolled into a new strike/expiration as per the daily updates. PRO* Service Trades Premium Service Trades The columns I turn to first are on the far right under the headings, Best Price and Best Return. These represent the best price levels the options reached after entry, i.e., the kinds of gains were possible from the trade. The Current Price and Current Return represent more or less of a buy and hold strategy, for traders who don't want to be bothered with taking profits or limiting losses during the life of the option. The difference between "Best" and "Current" highlights the benefits of trade management. The higher the "Best" levels, the more likelihood of banking generous gains along the way, whether by trailing stops, profit-taking, gut-feels, or a combination of all of the above. DJIA The Dow chart is showing price making a temporary low on Monday and rallying up into the 0.38-0.62 Fib reversal window on both Wednesday and again Friday. I've also drawn a parallel channel that is containing price for now. The next best chance for a new leg down to begin will come upon the breaking down of that channel, Monday or Tuesday seem likely. From there new lows below 33,000, a minimum of 1,500 Dow points lower. TSLA Above is a long-term chart of TSLA (weekly price bars) which emphasizes the importance of $800 (more or less 5%) as a base for the next leg up to begin. Whether the low is in at $792, or another stab lower is due, is less important than the company growing revenues 70% year over year. With two huge new gigafactories coming on line in 2022 that growth factor is sure to rise, along with market cap. This is a $3T enterprise, that's $3,000/share...we just don't know when. My best guess is before EOY 2025. If right, shares alone will be up close to 300%. That would allow for LEAPS to rise 8X, twice. In the $700's, back up the Cybertruck.
