Last I said is that I sold my last 500 TSLA actions on Thursday, to make them into leaps. Money will be ready for deployment on Monday.
However, when I saw price action on Friday, and we finally hit $158, I run out to get some money out of credit line into brokerage account. By the time I was back and ready, price hit 162.5 (damn), but I deployed about 1/3 into '18 leaps strike $100 with $12.5 time premium (was in a hurry, could have maybe gotten a touch better).
I feel lock and loaded for Monday.
Asking for opinions:
- if the price is around high 160's put everything in on Monday, or keep some for Tuesday?
- '18 leaps or stock? maybe higher strike than $100?
- can the stock really go for prolonged period under $150?
I have a lot of stomach, so -50% +100 are not an issue. But this money I can't lose. In the end, I can lose small portion, maybe 10-30%, but no more. Feel comfortable waiting about 18 months on '18 leaps strike $100. I have ability to get another tranche, if price slides further, as big as this one, to average down. Not because I want to average down, but because I think $160 is a gift, and anything lower is insane deal. If Elon wanted, I think he can easily put a floor under TSLA by working out a deal with FB or GOOGL, or even AAPL or MSFT for partial investment at higher capitalization than current 20B.
Looking for any and all inputs, and Jesse, I'd especially appreciate your opinion. MMD, you too!!!
Actually, what I probably need are real bears, if you would please, I'd like to hear your worst case scenario.
I CANNOT see stock sliding and staying into $120 for a year. If anything, I think it goes over $200 before April, and I thought there was serious chance of hitting $300 this year, not so sure anymore...
Thanks!