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Hi team

quick update - I see Tesla earning $13 per share - PE of approx 65 and next year at least $18 (PE 46) for the most transformational company on earth. 

  • Covered the balance of my $820 call for August I sold short a few weeks back
  • I bought more tesla at $841.  I got tired waiting for 750... and will layer in if it falls - $811, $781 with increasing buys. 
  • I added approx 5% to my Tesla position meaning I am now prob 85% Tesla on my Equities. 
  • I still hold a $600 Synthethic Long for Jan 2023 and added to the call side. 

This company is recession-proof, and innovation is off the charts. 

NFA - My Goals are not your goals. CPI number tomorrow if higher than 8.7% we will go lower, if lower than 8.7% we will probably go higher. 

Comments

Anonymous

TSLA is always an unusual stock and can often move contrary to the general market conditions or sentiment. There is also the “Elon” effect which can move the stock price based on a random tweet or buy / sell action. Don’t have the time to put into puts / calls / options just continue to buy and hold.

Anonymous

Spot trading is far easier for people starting out. Options should come after. IMO. Risk managemnt. Preservation first.

Anonymous

Thanks!