In the final few weeks of 2019 and into early 2020, I was banging the table to buy TSLA Jan 2021 LEAPS. Same table, only this time its SPCX and instead of LEAPS, let look at some shorter-term duration calls. Currently, we are long SPCX in both the PRO (Oct $160C) and Premium (Dec $170C) portfolios. SPCX Daily If this breakout holds, expect SPCX to be a runner, one of our potential leaders into the traditionally bullish fourth quarter. SPCX 120 Minute A breakout above $155 that stays above that level may open the door for the next leg higher. Note the Elliott Wave pattern, i.e., Wave 3 pending... SPCX November Missed the first two entries? That's not necessarily a reason to chase either position. The November calls give us another duration window between the existing PRO October and Premium December positions. If the breakout shown above holds, November may offer the cleanest way for a new PRO position to participate in the next leg. I've highlighted the $175 strike, but any strike between $160 and $180 works well for this time frame. And Then There Are the LEAPS… I'm not recommending that we reach this far out today, but the January 2028 chain deserves a look. These nearer-the-money calls offer an interesting alternative to owning SPCX shares outright - long duration, meaningful delta and leverage if the larger bullish thesis continues to unfold. SPCX LEAPS - 2028 Stock substitute with leverage as a kicker.
