The TSLA Mar 31st Buy Signal bought the Jun 19th $800C at about a $15.50 ($1,550). Those calls are trading today at $97 ($9,700) and are up over 50% just today on a +5.6% gain in the stock. Nonetheless, Jun expiration is now 3 weeks away and a price drop, however unlikely, of $80 or more in the next few weeks and those calls will expire worthless. That is one heck of a risk to be taking. One alternative is it to exit the Jun calls and reallocate some of the proceeds in further out expirations. The table below contains several calls that would be suitable replacements, buying more time, sometimes a lot more time (Oct exp), at higher strike prices. Owning further out expirations makes it easier to weather any short-term volatility that could take the stock under $800 at Jun expiration. The downside is that if TSLA keeps running higher in the next few weeks percentage returns on further out calls will be modestly less than those returns would have been on the Jun $800C. TSLA Calls & Performance Jun 1st For whatever it is worth, I rolled over into Aug, Sep and Oct this morning staggering my time frames across all three expirations, mostly because I couldn't make up my mind between the three.
