Power Plays Options Update
Close TSLL Calls
April 16, 2025
By Scott Redler
I'm going to close out the TSLL May 9 $9 Calls from Power Plays Options here.
Tesla is breaking down fast and I want to cut the bleeding sooner rather than later.
Since this is a leveraged ETF, the risk profile is elevated so the smart move is to step aside.
In this type of environment, we need to be defensive.
Capital preservation is the name of the game at times like this. So when there is a more tradable bottom, we have dry powder to put to work.
-Scott
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