English
Back
Download
Log in to access Online Inquiry
Back to the Top

$Direxion Daily TSLA Bull 2X Shares (TSLL.US)$  buy today or...

$Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ buy today or after Q3 release?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
+0
5
Translate
Report
11K Views
Comment
Sign in to post a comment
  • Kevin Matte : why not both ?

  • Kevin Matte : read this ^^
    https://www.zacks.com/stock/news/2355015/should-you-buy-tesla-etfs-ahead-of-q3-earnings

  • Donixu24 OP Kevin Matte : thanks kevin

  • 10baggerbamm : my suggestion as opposed to buying it long here would be to sell a put you can sell a $9 put it expires this Friday what is the advantage it's real simple if you buy it here you're buying it at $9.30 some odd cents if there's bad news it has support this ETF at $8.30 so you would have a dollar downside risk realistically in this ETF in the short term. if you sell a $9 put you collect a premium your risk is going to be $9 less the premium down to about $8.30 so you've hedged your downside risk. so that's my suggestion alternatively the calls are still they have a lot of premium in it and it will evaporate tomorrow it'll go to basically zero on any shortfall so buying a call you need to have an enormous swing in this ETF to the upside and I don't know if it has that ability I think that best case scenario for Tesla you could get a $15 move to the upside I think the probability of that happening is probably about 10% and the reason is very simple they've missed their auto deliveries last month the numbers were weaker than expected. of course if Elon Musk surprises everybody with a new car tonight showing everybody the app for robo taxis how you're going to be able to order one then maybe that could offset weakness. I own it I'm in it for the ride right now I have call sold against my long position at 10:50 and 11:00 so we'll see what happens

  • 10baggerbamm : as a follow-up the $9 put and it'll be a little bit more premium than what I'm posting you're going to get about 45 cents a contract that's a lot of money for 3 days so if you get put the stock at $9 your cost basis is going to be $8.57
    that's a really good hedge.
    so if you sell 10 contracts you'll make about $450 you'll get put $9,000 of stock this Friday at 4:00 p.m. if the trade goes against you and to own it in the mid 8.50 for a cost basis is pretty damn good I think