Overnight TSLA got a upgraded price target of 815 from JP Morgan, and natural the stock has flown up pre market. It currently is sitting at 759.44 right now, and probably will go higher tomorrow. That is where I will be looking to go long a put Calendar.
I haven't decided how big of a spread I will do, but at some point TSLA will come down to earth. It is just a matter of when, and after the S&P addition, the only catalyst may be fundamentals. Which all metric point to being SKY high. So again not trying to become rich, just trying to make a dollar. So far for the year I am 1 percent on the week, but do to the election I am waiting for some clarity before really trading a lot. Also for some of my day trades to come back.
TSLA acts like a Crypto currency.