IA Trade Alert (Patreon)

ENPH was a stinker for me in at $120.

There are times when I double down.

This is it.  I have an SL for 2025 at $120 and it is underwater. It was a small position representing now less than 1% of my TSLA position.  Out of stubbornness to bring this back to profit I sold the $90 puts for 2025 and bought the $80 calls - net debit is $7.  My breakeven is $87 by 2025. Stock was trading at $86 at the time. 

Puts were juicy!  If ENPH gets to $100 by Jan 2025 I am at breakeven.  I expect a lot more - check the ATR above.... the 200 DMA is $160 :D