Did you know that TSLL (TSLA long ETF) has options? I am thinking of scaling in slowly and selling calls! The options are liquid and the ETF is cheap. You can get 100 shares for $500+ and sell a call for $7 Jan calls. You do not get much in premium but I rather just build a position. TSLA will ripp back, in a year or two...
Why would you think Tesla will rip? They won't ever outperform other Ev makers again. For what reason? Almost every car manufacturer releases EVs shortly if not already, Tesla has the poorest quality record among them all. I would never ever buy a Tesla today. Plus consider this: Tesla is now not just competing with other EVs but hybrids and plug in hybrids. Buyers outside cities dont buy EVs unless battery capacities dramatically improve and this will still take years. Hybrids and plug in hybrids are the name of the game for the next 5-10 years. By then all major car manufacturers will be capable to produce quality EVs. Nvidia already sells the AI and software technology. Motors will be built by third party manufacturers. The edge Tesla had is long gone. And that's not yet accounting for an unstable and mentally disturbed genius at the helm. The best Elon can do is to cash out and build his dream on Mars.
Leveraged ETFs can be pretty painful for holding months/years. Better to buy small quantities of TSLA if planning on holding long-term. Selling calls will help reduce the bleed but is it enough? For short-term trades, the ETF will give a better returns if price rises since it's leveraged. https://seekingalpha.com/article/4557473-could-my-single-stock-leveraged-etf-decay-to-zero
I understand that...I am scaling into a full position....but I am only playing with 1-percent of my money and want to write some calls with TSLA long it would never happen...otherwise it is a fun little gamble and I have never had TSLA Swaps (I feel like a real trader...) Also the inverse is GREAT to play the short side... Edit : if TSLA goes below 100 I may change this opinion. The kicker is TSLL is a bunch of TSLA and other EV names, and TSLA SWAPS. a little leverage if you re right with the direction. Edit: this puppy even pays dividends...Next Dividend Payment$0.0479Next Pay DateDecember 28, 2022Previous Ex-DateDecember 20, 2022FrequencyAnnuallyDistribution Yield TTM--SEC Yield30 Day--
"fun", "play" "feel like a real trader", "puppy" ? Are you sure this is the right industry for you? Perhaps a sandbox is more suitable...
Funny how these brokers work. I have a Vanguard IRA, Fidelity 401K, and Schwab IRA. I can only buy TSLL at Schwab god bless their souls...at Vanguard for some reason I cannot even but 2 year treasury.
God dang you are stupid! I am trading my family trust... I bet, my play money (1 percent) is your whole day trading account moron...
Really? What was it exactly I said that informs you that your account is larger than mine? Honestly curious. Really cute that mommy and daddy gave you some "play" money. As long as you are not doing damage in real life.
66 and so illogical, would someone your age not be expected to have accumulated a little more wisdom? Probably safer to just hold fixed income instruments your age rather than gambling with leveraged ETFs. Go to Vegas and get that out of your system then you should be good to look at things with a fresh mind.