Looked at a few shares->LEAPs scenarios and I don't see one that makes sense. As certain as I am of ATH after 4Q earnings, and the foolishness I'll likely feel for not levering up here, it's just not worth the risk IMO. Perhaps if I had more shares I'd feel differently, but still I think having more shares would translate to more aggressive selling of options in this strange window.
And that I think speaks to the ease with which hedgies are moving the SP around on the back of Elon's selling. It makes sense for a retail HODLer to buy shares here, but that's about it. No reason to sell. No real reason for most folks to buy until Elon's nearly done. No reason to buy calls/LEAPs when SP is still up so dramatically.
A massive run up followed by massive(and regular) selling that's not predicated on an actual desire to sell is a hedgie's playground. I think we just need to let them play another few days and not worry about it. Now should we hit $910.......my tune may change.
Edit: Also think I'm gonna start a "Rage Conversion" thread for these types of weeks, for sharing specific strikes/dates/etc.