Yesterday before the close I sent out a, Quick Update on TSLA,, updating our Premium option positions along with a tease for where TSLA may be going into the end of the year. This morning the shares are up over $10 again, so let's review our most recent purchase in the PRO Service: TSLA PRO CALLS Clearly there was strategic advantage in going out three months when these positions were taken in early September. Time has always worked in our favor with TSLA calls and although it does reduce leverage a bit, it makes it much tougher to get stopped out. As we learned in the Dec 2019-Jan 2021 "Buy & Hold LEAPS" episode, with over a 10,000% gain in our calls, this stock will pay us well when adding time at the cost of slightly reduced leverage. As for this morning: Another Wave 5 Buy is triggered with a close above $460, with some lofty targets still showing for the next couple of months. If still holding, continue to do so, for new subscribers, or if the dip last week triggered any trailing stops on portions of your positions, we want full TSLA/TSLL coverage going into Dec expiration, still 52 days away...just in case. TSLA Dec 19th $550C TSLL Dec 19th $24C Trading Notes: Both choices, TSLA & TSLL, are showing about the same rate of percentage gain basis today's $10 pop. Nonetheless, a mega move higher will probably pack a larger punch via the lower priced TSLL calls. This has been the case with the above cited Sep 11th option purchases, with TSLL calls up 250% vs. TSLA calls up 160%. Your choice.
