$Tesla (TSLA.US)$ this is for the Tesla bulls, this is for t...

you have four or five dollars down this morning and there may be more this up and coming week it can be profit taking it can be Iran Israel risks escalation whatever it is there is the potential for a few more dollars to the downside.

the strategy that I am using for myself and I did it yesterday on the open and I'm going to be doing it again today. utilizing tsll which is the bull 2x leveraged ETF, I'm going to be selling puts for next Friday's expiration that's November 1st.

the indicated price right now for your put is going to be improved because we have a downward bias on the open for Tesla of four or five dollars whatever it is. and you have the choice depending upon how much you believe the stock will sell off using either 11.50 strike or $11 strike. the higher the strike the more premium you are going to collect and I am laddering my orders between the two I'm splitting them down the middle.

so I will be selling puts for next Friday the 11:50 as well as the 11:00 to collect the premium.

if next week Friday 4:00 p.m. the stock is above 11.50 I get nothing I won't own Tesla stock but I do get to keep the premium.

the following week we have the election and I think it's a win-win for Elon if Trump wins their buddies and every single charging station that has been shelved by this lousy administration Biden Harris will be built and Tesla benefits.

if the Democrats steal the election by shipping these millions of illegal ballots to states that are the swing States like Georgia because Georgia said it's going to be up to 7 days before they're able to have results so if the Democrats steal another election well they're going to push their EV green energy scam and guess what Elon benefits.

so it is a win-win for Tesla and selling puts is a very good way to hedge risk you're basically risk-averse in a market where you could have a 3 to 5% sell-off. you're able to generate a profit on a weekly basis by selling puts against Tesla.

and if you do get put it you were paid a premium to take the stock. so rather than putting a limit order in 5% or 7% below the current price and maybe you get filled maybe you don't here is a way that you will profit right up front and because there's weekly expirations you continuously do it.

utilizing the 2x ETF on a weekly basis will generate you upwards 10-15% return a month even if you don't get put the stock. and it's 10% -15 %against the underlying leveraged ETF stock price not on your dollars proportionally. you're able to generate 30 to 40 cents minimum every week by selling puts that would be $1.20-1.60 on the low end against an $11.50 price.

once you get put the stock you now can start a covered call campaign against your long position using weekly options to increase your total return