Thanks a lot to all the valuable members of this form! I realy onjoy reading here.
I got burned with call the last two years, and thanks to the last months I'm mostly back on track ;-) mostly.
I have a defined plan/goal:
- own a number of x TSLA shares
- TSLA price target of y$
- within a timeframe of z years
I don't know what I do when my goal is reached, but I could change my life. I will see then.
As of now, I'm fine with y and z. I give twice as much time and much less the value than the ARKs base case for 2024. But for x I'm just at 74%. So I need to increase my number of shares by about 35% within the next years. I don't have and probably won't have free cash to add to my account, so I want to achieve this by leverage.
For 2020 I'd like to increase my number of shares by 10%. What are my options with a risk/reward view to accomplish this? I think of
a) buy shares on margin
b) play with long calls (either sell some shared to have dry powder or on margin)
c) sell out of the money covered calls
d) buy puts when SP is high (either sell some shared to have dry powder or on margin)
I think c) and d) doesn't provide enough leverage for the goal.
For a) and b) I need to time the market.
Any thoughts on this? What is your strategy?
I got burned with call the last two years, and thanks to the last months I'm mostly back on track ;-) mostly.
I have a defined plan/goal:
- own a number of x TSLA shares
- TSLA price target of y$
- within a timeframe of z years
I don't know what I do when my goal is reached, but I could change my life. I will see then.
As of now, I'm fine with y and z. I give twice as much time and much less the value than the ARKs base case for 2024. But for x I'm just at 74%. So I need to increase my number of shares by about 35% within the next years. I don't have and probably won't have free cash to add to my account, so I want to achieve this by leverage.
For 2020 I'd like to increase my number of shares by 10%. What are my options with a risk/reward view to accomplish this? I think of
a) buy shares on margin
b) play with long calls (either sell some shared to have dry powder or on margin)
c) sell out of the money covered calls
d) buy puts when SP is high (either sell some shared to have dry powder or on margin)
I think c) and d) doesn't provide enough leverage for the goal.
For a) and b) I need to time the market.
Any thoughts on this? What is your strategy?
