$TSLL 20250509 9.5 PUT$ I try to be as flexible as possible. Although I don't believe in Tesla, I don't mind taking short term positions in it. Just for the record, I have been moving in and out of Tesla leverage positions.
The reason for the change in position is simple. It may be surprising that it has nothing to do with its recent earnings (which is disastrous). It also has nothing to do with Donald Trump or Elon Musk, or the latest insider buying. However, at the same time, the reason behind is probably related to the above.
It might sound confusing but a simple explanation. It's the trend. If you look at the 2nd chart (which is a primary chart of Tesla), you will notice that a nice triple bottom formation around 210. More importantly, the candles have moved beyond the downtrend line for the principal stock, at the same time, forming higher highs and higher lows, signaling the start of an uptrend.
Using the double or triple bottom, the new target for this uptrend lies around $366, signalling a potential 25% upside from the current price! Of course, don't just take my word for it.
There's going to be a lot of ups and lows along the way. I am not sitting around and holding my breath. That is why you see that I am holding a short duration position. In fact, I have two open short term options, one call, one put... hopefully they complement each other, since they are also from different price points.
Yes, Elon Musk will get more involved in the future. However, his name is now tainted. Donald Trump will likely help him to push through his principal agenda of relaxation in accidents monitoring related to autonomous driving. If no one's buying, the share price upside would only be temporary. It's all about the feel-good factor.
I will stick to moving in and out as I deem fit rather than sticking around. Elon Musk won't hesitate to milk or sacrifice Tesla shareholders. The only reason for his "sadness" is merely his decreasing wealth and he didn't like it. I won't want to be his 🐷 🏦. Are you willing?
@Daily_Discussion @TigerStars @CaptainTiger
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remember, it's all about following the money... there are many companies that I don't like... but I like the money... 🤪
good strategy, liked the triple bottom signals
hope that both contracts give you a positive outcome 🍀