Tesla TESL(m)A(o) send it
Talk about robo taxis, boring holes through Vegas and whatnot, we all know that $Tesla (TSLA.US)$ is a hot favorite for traders alike and a quick look shows healthy option activity too.
Here’s my why buy:
-assuming any activity is in your chosen direction, almost always fetching profits
-CEO has enough social clout to influence stock price + a lot of diehard fans, ensuring longevity of stock
-most of company tech is innovative enough to defend against copying for foreseeable future
-won’t run out of capital / close down in the near horizon
Why is this risky though:
-that’s right its innovative but question of whether all innovations lead to profits
-high trade volume meaning difficulty in trading some options positions
-a favorite of scalpers
-too influenced by CEO’s moods 😆
What I did:
Buy 1-2 shares in 2021 and keep buying at lows to average down because I believe this stock suits a longer term strategy.
What I might do:
Get puts to cover my positions.
Tell me your thoughts below or do a crystal ball prediction in the poll!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Homo sapiens tryna print and retire fatfire. I’m more interesting on Insta but another story another day.
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