Larry, great stuff. Are you looking to add to this opportunity as price declines (i.e. DCA in from your entry)? Where do you see the bottom in this - is $60 just what every bear is saying, or is there evidence from a technical/valuation perspective for this?
Hey TC - I have cash secured puts setup for TSLA, and will be simply holding those.
If it does get to 60/share, I do see that as a very, very large buying opportunity. However, I think we see a bounce before we get to such a pessimistic target.
The way the Bears arrive to this target is that they are most likely looking for the next Weekly Demand Zone. In that case, it brings us back to $60/shr.
Thanks for the reply Larry, and honestly great stuff again. For your cash secured puts, I assume you have staggered them at various price levels, almost like a DCA? Is that how you typically play this strategy? (Not for beginner investors ofc)
Larry, great stuff. Are you looking to add to this opportunity as price declines (i.e. DCA in from your entry)? Where do you see the bottom in this - is $60 just what every bear is saying, or is there evidence from a technical/valuation perspective for this?
Hey TC - I have cash secured puts setup for TSLA, and will be simply holding those.
If it does get to 60/share, I do see that as a very, very large buying opportunity. However, I think we see a bounce before we get to such a pessimistic target.
The way the Bears arrive to this target is that they are most likely looking for the next Weekly Demand Zone. In that case, it brings us back to $60/shr.
Thanks for the reply Larry, and honestly great stuff again. For your cash secured puts, I assume you have staggered them at various price levels, almost like a DCA? Is that how you typically play this strategy? (Not for beginner investors ofc)
Yes that's exactly right.