Tesla - sell covered calls or sell cash covered puts? What’s the more popular choice?!?!

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Sell a TSLA Leap put $300P for Jan 22. You get have to lock up $30K for $2600 in premium for nearly 9% return or 100 shares of TSLA. Probably better ways to earn a return, but if I had the choice between the two... I’d do that over buying shares of Tesla with covered calls.

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Tesla weeklys?!?!

Damn, I wouldn’t do either. CCs are safer, especially if you want to long-term hold.

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Oh— I personally think it’s a bubble and the premiums on volatility don’t outweigh the risks. I wouldn’t buy puts on it, though, since I think the stock price is entirely divorced from reality.

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Do you think it will go up or down?

Right now, down.

That was roughly where the price of TSLA was prior to the split announcement. Technically, it was $275, but those puts yield nearly $700 less in premium.

You can do this with monthly puts instead as well if you want liquidity flexibility.

The only thing that has ever made me money in TSLA has been positive delta trades 😪

Yes I was answering OP in a snarky way, I guess you have spelled it out for us 😪

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