TLSA weekly demand and fibsSince I have decided to start selling covered calls on TSLA using the poor man's strategy for cash flow I need to update the weekly chart. I do not normally invest in TSLA but I am ok with the strategy I will list here. The rectangle is the weekly demand zone which we are currently riding. The fibs are set up from the all time swing high.
-Buy 150$ Sept. 2025 LEAP calls
-Sell Covered-calls against these weekly on a relatively safe delta
-Collect the premium and aim to pay for the contract by Sept 2025
-Decide if I want 100 shares per contract next Sept. at 150$ or to sell the contracts entirely