[27 May 22 Trades] Bought Tesla Jan 24 LEAPS CALL & FB Sept 22 CALL Option Contracts

The US stock rose for the second consecutive day and the S&P 500 closed 2.47% higher at 4158. I see this as a possible rally so I bought some LEAPS CALL to average down on my previous positions.


I added 1 more Tesla LEAPS CALL to my previous 4 positions of LEAPS that I bought when Tesla was trading at a higher price. The previous breakeven price was around USD13.95k but after the purchase on 27th May, the breakeven price is USD11.8k.

I believe that over the next 1.5 years, Tesla will not keep staying at this 600 to 800 range. When the share price has risen to 1k or more, I may offload some of the LEAPS CALL options for profits.

Facebook (Meta) CALL

I also added Meta CALL options to try to salvage something for this position (Strike Price USD395) that is expiring in Sept 2022, which is just 4 months away. I missed out on selling off these positions during the March 22 rally because the breakeven premium price was still too high.

Since then, I have added more CALL contracts (when share prices kept falling after the March rally) to average down the breakeven price for my CALL contracts premium. Hopefully, there will be a good rally in the coming weeks for me to finally clear this position with minimal loss.

When I cleared the Sept 22 Meta LEAPS CALL contracts, the batch of CALL option contracts to clear will be Jan 2023 LEAPS CALL contracts, which have a substantial amount of capital invested. There is still half a year to go and I am hoping (short of saying praying) that the stock market can recover by the end of the year.

Keen to learn about options trading but do not wish to pay for expensive courses, this newbie guide will help gain the knowledge and fundamentals to understand options better. And it’s totally free!
The Newbie’s Guide To Options Trading

The LEAPS Strategy has helped me make more than USD120,000 in 2021. Here’s all you need to know about this strategy that can help you increase your wealth exponentially:
The Ultimate LEAPS Options Thread

Looking for ideas on what stocks to invest in or which stocks to trade? You can take reference from what I have been buying or selling. I try to update them as soon as I can in this section, as well as share my thoughts on executing these trades:

If the bear market in 2022 is making feel depressed as your stocks come tumbling down, read this article to find out how you can use options trading to help you claw back some of your losses as you await market recovery:
How I Do Earn Even When The Stock Market Is Bearish?

Also, check out my trading strategies in different market conditions, whether it is bullish, bearish or volatile:
How Not To Lose Money In Trading? | My Trading Strategies For Bullish, Bearish And Volatile Market

I watched tons of videos on YouTube since 2020 and if you are wondering if there are any useful channels that you can subscribe to for learning market trends, TA, FA, check out this compilation here:
My Secret Weapons For Options Trading: I Watch These YouTube Financial Channels Every Day

I concluded my first year of options trading with more than USD160k of gain, see how I do it and the capital I use for every month to give you a sensing of the percentage yield I get out of my gains:
1st Year Options Trading Recap: The Journey Towards SGD$217,509 Profits In 2021

This blog is as authentic and as transparent as I can share, I do not just show the wins and hide the loss. I have made some very bad decisions in the first 8 years of investing and paid a huge price for them. Here is the loss I have accumulated during these years. I hope you learn some lessons from my mistakes.
I Cut $135,715 Worth Of Losses In The Last 1.5 Months

Want to learn more about Technical Analysis (TA) but find it difficult to grasp the concepts? This article brings you TA at a glance, and helps you understand key terminologies, indicators, and techniques used in TA to equip you with the knowledge that can empower you in your investing/ trading journey.
The Newbie Guide To Technical Analysis (TA)

Excited to start your trading journey or perhaps try out with a paper trading account to build your confidence in trading? Check out this step-by-step to help you get started:
How To Buy Options on Interactive Brokers (Step-By-Step)

Follow me on your favorite social media platforms, FacebookLinkedIn, or Twitter, to get notified of my latest blog posts. Or join our investing/ trading community at Telegram to exchange ideas or ask questions relating to investing/ trading.

10 thoughts on “[27 May 22 Trades] Bought Tesla Jan 24 LEAPS CALL & FB Sept 22 CALL Option Contracts

  1. Hi Jason,

    I have a FB buy call 20240119 240 bought 57.63, anything I can do meanwhile? I read above liao, cannot figure out what I can do. I believe by 20230119, FB maybe still 220…

    Thank you.


  2. Left 2718.
    Average down means buy call 20240119 240 or buy call 202140119 200 or something?
    Thanks for responding. Fantastic.


    1. I would not be buying a new LEAPS CALL contract. Instead I would try to save the current one and average down on the premium paid for this one. Probably do that when there is a rally or when you feel that the premium price is really depressed. Another way is to cut loss if you think FB has no more future, so you still get back 2718 from your initial 5763. All the best!


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s