(Short term plays 
)
Actions: Buy to open March 2026 Calls:
TSX (Toronto) $27 Calls @ $6.90 each
Nasdaq $270 Calls @ $700 each (sorry)
(discrepancy in US vs CAD pricing explained below)
Long term: TSLA commons (or TSX CDRs in )
Briefly,
I never thought I’d be a Tesla shareholder – in fact in the past I’ve actually tried to short the stock (got my head handed to me every time).
And I’m not exactly the type who reveres Elon Musk (we’ve had our run-ins in the past with “Incels for Elon” over on easyDNS).
However, what I see happening with the attacks on Tesla as a proxy for hatred against DOGE and the Trump admin is another episode of mass formation psychosis.
As we’ve said in the past: markets are structurally hardwired now to go up.
This is because of the global debt super-cycle and the inability to let anything unwind or money supply contract; if either of those things happens in any meaningful way – it’s game over. Mad Max scenario.
So this monkey-hammer on Tesla stock is a buying opportunity and with 11,000 BTC on the balance sheet it kinda, sorta fits within our mandate.
To be clear – I’m not adding TSLA to the portfolio even though we have 2.5% vacancy at the moment. This is a supplemental trade – do with it what you will.
In the monthly newsletter I will expand on my thinking here – because if you know me you may think at a P/E of (checks notes) 133, Tesla is overvalued.
Probably. But for the moment Tesla has a lot of tailwinds and this beat down is in my mind, temporary. We’re already seeing it start to bounce this morning.
Why the discrepency between the US and CAD option prices?
It’s because the TSX listing (TSLA.TO) is a CDR for fractional slices of 1/10th of a TSLA common on the Nasdaq.
That’s why to buy a call option a year out (the way I like to do it, plenty of time) is $7K for a single contract in the US vs roughly $700 on the TSX in Canada.
If you’re in the US and don’t want to go all the way out to March you could buy shorter duration – or perhaps check if your trading platform gives you access to a) the TSX CDRs and b) options on same.
If not, then just stick with the commons at these levels as they are probably a pretty safe buy for the medium to long term.
Warning: TSLA is a highly emotionally charged stock and probably close to Microstrategy-level volatility. There could still be downside left and whatever you do don’t tell your friends you’re long Tesla — lest you get your ass canceled.
That’s the world we’re living in. Profit accordingly.
That’s it for now.
