Absent macro drama to the downside, this week is all about TSLA, starting with Investor's Day on March 1st. The top highlighted option in the table below is the Jan 17, 2025 $420C, currently trading just shy under $2,500. There are 691 days left to expiration, time enough for TSLA to double, twice. Compelling. TSLA Jan 15, 2025 Out-of-the-money Calls Cathie Wood Makes an Eye-Opening Prediction for Tesla "But Wood sees big gains ahead for the stock. “Just from electric vehicles there could be almost a fivefold increase in this stock during the next five years,” she said in a webinar cited by CNBC. “And if you believe in autonomous cars at all, it’s closer to 13 times during the next five years. So we are as bullish about Tesla as we have ever been.” Five times the recent price would be $653, and 13 times would be $1,699." The $420C would be priced between $233-$1,279 if her price projections are reached before Jan 2025 monthly expiration. Even if it takes longer, we will likely be rolling into further out calls, in time and price, in the months before expiration. This is a repeat of December, 2019 - Jan, 2021 $420C, so don't miss it. Best case we can still buy these calls cheaper in a MInor Wave 2 pull back into or after Investor's Day. Worst case, we buy on any TSLA close above $220. TSLA 120 Support along lower trendline was expected, but it should give way to another push down into the retracement zone. If support instead holds and price remains in the up channel, we are LONG the Jan 2025 $420C on a TSLA close above $220. Big Picture Update DJI - I don't trust anything to the upside right now, especially a gap-up Monday morning. Prove me wrong,
