Yikes, those TSLA Puts I bought on Wednesday and sold on Thursday just got a lot richer over Friday and today! There’s precious little holding things up here.
I would mention, however, that Tesla has a habit of dipping below its major Fib levels and then bouncing. It seems to me a hearty bounce is a possibility here. I have no position at all.
I remain SHORT 20 equities by way of puts (although I’ve nibbled on profits here and there), LONG bonds (by way of a TBT short) and LONG 12.1% cash which I’ll probably hold in reserve for a while.
