Well the price dropped to below my entry level of $144 before the earnings report so l did put in 20% of my intended position amount today. It is very difficult to fish the bottom in stocks. My advice is to buy 20-25% for your first trade and buy up or down for the rest of it. l am as comfortable to buy at the $150-$160 levels now as averaging down at $120 and $102 if things go south after earnings report.
Nothing is changed for the reason behind the trade. You want to be in it for your initial reasons. In fact, Elon Musk forecast for Model 2 production period fit perfectly for my trade timeline and it is the best news l can hope for so l don't mind buying th bulk of my position at higher prices. So l am vested in long call options till Jan next year with a strike price of $220.
Modify on 2024-04-24 11:02
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agree. All bad news has come out