Please don't get me wrong guys, I fully expect the reveal BEFORE the auto show, it is just a matter of the expiration timing of the January options gives me time to let this baby ride all the way to the end before I really have to do something with it. So I have a lot of opportunity for the stock to shoot up further on some positive news. Since it was asked why the Dec and Jan options that I chose. I feel like I have given both expiration prices more than enough time value to hit those prices and will most likely sell them off either before or after the ER... I just have the option to continue to let it ride if I feel it is worth it.
Most likely when we get right up before the ER, I will buy what little cash I have left as a hedge to balance out the ER if we get a sell off.
Historically on a positive earnings we have had a sell off the day of the Release (before the stuff is posted) so Nov 5 will likely be a red day, and then gap up the following day.
If TSLA doesn't follow that same pattern I will be more inclined for some worry about where the price is going to go.
got it. Right there with you, I have a decent amount of Jan options and working out roll over strategy now. They become long term gains this month so Im trying to balance news over coming three months as well. After Q3 earnings I think X reveal is likely only catalyst prior to Jan expiration, but hey its Elon so you never know.