A quick update on the three major PRO positions going into this July 4th weekend: TSLA and its calls are in Buy & Hold mode, adding to calls as per comfort level. The advantage of going so far out in time is neutralizing the time factor. We give up a little leverage for allowing the stock almost an entire year to realize its potential, or part of it. The Dow is down close to 200 points this morning with DIA trading at about a 342. We will re-evaluate strike and expiration later this week. As with TSLA options, going out a little further in time (Sep) may be the better strategy going into the last two weeks of the option. Keep an eye on the supporting indices, SPY and QQQ to see if they follow the Dow and now IWM lower. Bitcoin is going what it as to do to keep the two-week cycle alive and well, up from about $28,800 last week to a high of $35,501 this morning.
