As a Tesla shareholder, this has been an incredible week. Look at that gain! Just a week ago, I opened a LEAP (expires Dec 2025) with a strike price of $300. We've clearly surpassed that already and it's not even Dec 2024. Whoa. I've already 2x my Tesla purchase but because I sold calls, my upside is capped to $300 (though, I did gain $55 in option premium, so my breakeven is closer to $355).
With this week's impressive run-up in the broader market, let's see if it holds into next week.