Going through my charts this morning, one in particular stood out above all others. Bitcoin is as I am typing these words breaking down from a bear flag. Note on this chart how next support is well into the $70K range, maybe toward the lower $70's at that: BTC: 2-Day Back in November we bought the IBIT $55P and money management may have triggered a partial exit in the past days. If so, or even if not, an opportunity to add puts is presenting itself now. IBIT Jan $48P Bitcoin to the low $70's would take IBIT to the low $40's. That would be my minimum expectation. This wider range chart below suggests that if Bitcoin $75K doesn't hold, Bitcoin $50K will. That takes IBIT into the $30's. In any case, I'm adding the Jan $48P to the PRO Options Portfolio now, on the breakdown, usual -50% hard stop, then 50% trailing stop once option is up 100%. BTC: Daily Note: A deep dive in Bitcoin, whether to $75K or $50K is not without its implications for the general stock market via, the "risk-off" message such a move would be making. Let's keep an eye on BTC as a leading indicator for the general market, especially Nasdaq (QQQ). TSLA -Update I hope everyone read my Weekend Update, re-published in the latest AllAllan. We may be on the cusp of a new paradigm with Tesla and SpaceX leading the way. Today TSLA is up close to $20 and our calls from Sep 11th now up over 200%: These calls expire on Friday and in light of everything written over the weekend, we definitely want to be rolling over into 2026 expirations. I will cover specifics in Wednesday's Mid-Week Update. TSLA 2-Day TSLL Mar Calls Recommended in Premium Service Update Dec 3rd
