Who else owns Tesla? I’ve held from $201 so have made really nice gains. My concern is that the company is now seriously overbought, with a larger market cap than GM, Ford and Fiat-Chrysler. I guess this is the market pricing in the belief that Telsla will be a bigger company.
I was thinking of selling half of my position to take some of those gains. But I really don’t like selling. I was thinking I could hedge and sell with a CFD. But I don’t really like that idea because markets are crazy and we could see $500-$600 and I would get margin called and be screwed. So then I thought about options and buying a put with a long expiry date. Trouble is I don’t know any UK brokers that deals in stock options. Most of the brokers seem to only deal in indicies, commodities and forex. If anyone has bought and sold stock options and could give some pointers that would be great.
Please feel free to critique my plan, give advise and info on any good options brokers. Cheers guys!