I have been long Tesla since early last year more or less. I use options to reduce the cash outlay but to profit from the upswings. I started just doing bull put spreads but since mid 2016 tend to buy options 9 months to a year out with a 40 or so delta. I sell when we are getting too close to 3 months or less on the options or when the position size is making me uncomfortable. Tesla accounts for 20% of my net profits this year whilst the position itself has been between 1-5% of my portfolio. Trades have profitable 2 out of 3 times on average - maybe closer to 3 out of 4. My current position is down 50% but its result is taken up in the above.
So yeah - I stay long with a modest position without committing too much. I dont bet on the earnings though if you ask my opinion I would be with Pekelo and say that they are likely to disappoint. Having said that - I also thought that of Amazon and was pretty wrong on that.
So yeah - I stay long with a modest position without committing too much. I dont bet on the earnings though if you ask my opinion I would be with Pekelo and say that they are likely to disappoint. Having said that - I also thought that of Amazon and was pretty wrong on that.
