Opinions
Mike Philbrick
Tesla (TSLA) Yield Shares Purpose ETF
YTSL-O
RISKY
Jan 21, 2025
N/A
Stock price when the opinion was issued
E.T.F.'s
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DON'T BUY
Puts on a covered call options strategy to extract some extra income out of TSLA. He has some general thoughts on this and similar products. Why are you investing in TSLA? You're investing in it for growth. If you really believe in TSLA, why do you want to give up that growth by putting a covered call on it? Go to the stock itself to play it for maximum growth.
But at this moment, he hates the value of TSLA, grossly overvalued. Probably worth half or less than what it trades at today. He wouldn't touch it with anybody's money.
E.T.F.'s
Holds a single stock, cover-write a third of the portfolio, which gives you income. The more volatility, the more income, and Tesla is volatile. But this very risky. A small holding in your portfolio, at best.