A friend and fellow TSLA investor shared with me the following note that I am allowed to share:
…..I’ve just been contacted by one of the Biggies - the #1 by most measurements - BlackRock, to learn if I might write them covered calls for $10MM of TSLA. That is a number I could safely swing, and the 10-13% effective yield that would engender is attractive…
BUT. First, my investment philosophy does not incorporate such action - giving away upside is exactly opposite to why I’m invested in TSLA; second, I’m jiggered if I’m going even in such a small amount to assist their actions as Market Makers in having the Derivative Market tail wag the Equity Dog; and third, if a $10 trillion investor is thus interested, that may be the single most bullish signal I can imagine.