The vertical blue lines on this chart correspond to earnings announcements going back the past three years. Notable is that in 11 out of 13 instances TSLA shares peaked at or a few days after earnings. That is a statistically significant red flag not to chase price now, macro picture or not, and opens a window that stretches into late April earnings for a more advantageous initial entry. TSLA - Earnings price patterns In the days and weeks ahead I'll be fine tuning both an entry, and a strike and expiration that provides the best bang for our option bucks. There isn't a service I'm aware of that can boast our 10,000% gains on TSLA calls beginning in December 2019 and that experience has provided some option insight when it comes to long term calls on game changers. I'm anxious to put it to work, but not with the current odds so great that a better initial entry will present itself in the weeks ahead. Longer-term, TSLA is in the early stages of a multi-year Wave 3 to much higher prices, with a partial retracement of the 50% rally up from the Jan 6 low now due at any time. For those who were with me during that incredible run in 2019-2021 will remember that buying retracements of the long term mega-trend served us well all the way to the top: Lather, rinse, repeat.
