Below are three option tables for TSLA calls with monthly expirations (third Friday) in July, August and September. Note that PRO and Premium option portfolios already own the Sep 15th $200C with 100 days until expiration. First, what we already own, currently +425% since entry, and +15% in the opening hours today: Next, July and August monthly expirations, but we are starting with the $250-300 strikes for a more realistic comparison since the $200C strike was about $30 (or approximately 15%) out of the money at the time of purchase: Strategy: The nearer term out-of-the money calls in July and August do offer higher returns on a day with TSLA shares up about 3%, but enough to compensate for the additional risk and loss of time premium? Not if you bought the $200C anywhere near the entries shown in our tables, $8.40 for the PRO Service and $10.40 for the Premium Service Nonetheless, if you are a new PRO subscriber and/or want to add TSLA calls on this run now, there are a lot of calls above to chose from. I still like Sep 15th as the ideal expiration, but a new position now should be out-of-the money to maximize leverage on a continued run higher. The Sep 15th $250C is up 25% today, compared to 15% on the $200C. Gamblers can look at any July or August out-of-the-money strikes, priced under $10 for a very aggressive move, just don't mortgage the house. 50% Trailing stops on this call should be at about +200% from entry, or around $23-25 per call.
