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Mike Khouw, a strategist at YieldMaxETFs, has staked out a bullish position on Tesla, and his reasoning centers on a single product: the Cybercab.
What complicates the trade is that expressing that conviction through options introduces a layer of execution risk no underlying narrative can fully offset.
The case for Khouw's position rests on the Cybercab's potential to reframe how the market prices Tesla's long-term revenue picture.
His framework is designed to show options traders specifically how a bullish bet on the stock could pay off.
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