Sell covered calls at the farthest available expiry date at the highest available strike price and collect premium.
Use the premium to buy more shares and repeat step 1 until not enough premium to buy shares.
@Apex_KJ If the stock price inches close to the strike price (worst case), buy back the covered calls and do Step 1 & 2 (rollover) & collect premium again to offset the loss.
@Apex_KJ If the stock price inches never gets close to the strike price (goes down, stays flat, or stays range-bound), then you have more shares than you started with and then there is no need to do anything.
Repeat steps 1 & 2.
@Apex_KJ Buy Puts as insurance against Black Swans.
@Apex_KJ Also, if the stock tanks then buy back the covered calls at ~10% of the cost price so that when it shoots back up, you can again repeat steps 1 & 2.
Full disclosure: at around 12 PM tomorrow Pacific time I will be placing a market order to sell all my shares at $20,000 each. I might never get this chance for the next 10 years!
Limit order I mean.
If the order gets executed (which obviously has a near zero probability), then I will obviously buy it back in the following weeks once it returns to sanity.
If you are interested in buying SpaceX shares in their next funding round *and* you have investments/cash of *atleast* $1M, please respond if you are interested in partnering with me in creating a company exclusively for buying SpaceX shares. Please help spread the word🙏🏻
Since SpaceX is a private company, shares in the company can only be acquired through intermediaries (such as forgeglobal.com) during a funding round.