Quick Alert: New Puts After TSLA’s Disastrous Merger
Tesla appears hell-bent on merging with money-losing SolarCity. Investors should ignore Elon Musk’s irresponsible and unsupportable PT Barnumesque claims for the combined company, which just mushed together two companies bleeding billions of dollars of cash into a bigger cash bleeder with dubious synergies and more debt.
This is a great opportunity to increase short positions in an unsustainable business model fed by a megalomaniac.
Here are my new profit recommendations…
So far, our TSLA January 2017 $100 puts (TSLA170120P00100000) are up 22% since I recommended them in June. Hang on to those, and add to your position by buying TSLA January 2018 $100 puts (TSLA180119P00100000), currently trading at about $9.60.
This dirty snowball is starting to roll downhill and gather speed. We’ll be ready for it.