Partial background: Over the last 3-4 years, I've evolved from committing 30%-40% into TSLA to being "all-in". For me, all-in has since evolved from 100% HODLing to adding leverage. I converted 16% of my TSLA to Jan 2021 calls shortly after S&P inclusion was announced and made bank. This is my last time playing the craps table (i.e, short term calls).
Two weeks ago, I put 15% of my total into Jan 2023 $900 LEAPS. TSLA has increased 21% since then while the calls are already up 80%. Just wild.
Confession: After seeing that Chamath video, I admit to being gripped by FOMO. It's the same feeling Ron Baron gave me back in 2016 that was the final push to buying shares.
Question: I'm ready to plunk another 5%-10% into Mar 2023 OTM LEAPS. Are we in another once-in-a-lifetime 2-3 year run? Not so much like 2020, but maybe a 2x-3x over a 24-36 month period (like Gene Munster said recently)?
My thought process is: Over a 24 month period, TSLA is as close to a certain success as anything can be. The Jan 2023 $900s seemed like such a no-brainer and indeed were very cautious. What's the big deal with going $1100-$1300 for March 2023, right? I can certainly afford to lose it at this point.
Thoughts appreciated. Talk me down from the ledge.