- A $4,620 January 2028 $120 call controls the same 100 shares as $14,177 of stock; breakeven is $166.20, with ~290% potential return at $300 versus ~112% for shares.
- Reported revenue rose 161% to $14.6B, SpaceX swung to $4.4B net income, and Starlink subscribers reached 13.6M as connectivity revenue grew 69%.
- Compute is targeted at 2.5–3 GW by year-end, while Musk expects at least 13 GW by end-2027; Starship orbital success and planned refueling provide further milestones.
- The stock is 33% below its June record and near its $135 IPO price, but the author warns the LEAP can lose its entire premium and prefers shares as primary capital.
Investment pitches
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65 79 - A $300 January 2028 GOOGL call costs about $7,435 versus $32,822 for 100 shares—77% less capital, with a $374.35 breakeven.
- The bullish case combines 82% Cloud growth, $519.5B contracted backlog, 17% Search growth, and rising Gemini/API usage.
- At $490, the LEAP would return about 156% versus 49% for shares; at $400 and $425, projected returns are 34% and 68%.
- With earnings on October 28 and elevated implied volatility, waiting may reduce entry cost; the entire premium can be lost, so shares remain the primary capital use.