When, "TSLA, Again," starts making it into the title line of Blue Line updates, you can be sure I am bullish, damn bullish, on share price appreciation. For those who were with me in 2020-2021, we rode longer-term LEAPS into 10,500% Buy & Hold gains, one of the crowning achievements of this trading service. Are we headed toward something akin to the Jan 2021 option expiration? The bounce back this morning from what was looking like a major reversal down mid-session yesterday has me thinking along those lines. For starters, here is an hourly point & figure chart pattern that is screaming higher, much higher, prices to come: TSLA - Hourly P&F Targeting $450-$650 for the next leg higher. TSLL - Hourly P&F Projecting $40-$60 in the months ahead. PRO Service - TSLA Options Continue holding Dec calls into expiration week. If looking to take a new position, as of today the highlighted strikes in the Jan & Mar tables below have the most attractive risk:reward profiles: The two newest positions from last Monday (Dec 2nd) flirted with their respective 50% trailing stops with TSLA's mid-session dip to under $380 yesterday, but closed well above trigger levels. The three Dec 20th positions should be rolled over before Dec 20th expiration. Further guidance will be forthcoming, looking to Jan/Mar expiration. Rollovers and/or New Capital
