TSLA options strategies, priced on the real chain
$311.21Tesla, Inc. Common Stock · chain snapshot captured Aug 1, 2026
Retail's favorite vol product. IV in the 50s–70s is normal, the skew flips around sentiment, and the chain is liquid enough to trade four-legged structures at size. Anyone selling naked premium here should size like the stock can move 15% in a week, because it can.
Every page below prices its structure against the August 28, 2026 expiry — 46% at-the-money implied vol, #6 of the 20 underlyings on this site. What moves TSLA: quarterly deliveries, earnings, and whatever the CEO said last night.
10 strategies on TSLA
One contract (or one 100-share lot) per structure, at-the-money template strikes on the August 28, 2026expiry. Breakevens and probability of profit come from OptionTracker’s engine.
Start here
- TSLA covered callSell upside on shares you already own and get paid for the cap. · breakeven $303.73 (−2.4%)
- TSLA cash-secured putGet paid to place a limit order below the market. · breakeven $286.9 (−7.8%)
- TSLA iron condorSell a range, buy the wings, collect if the stock stays put. · breakeven $273.61 (−12.1%)
- TSLA bull call spreadBuy a call, sell a higher one — cheaper upside with a ceiling. · breakeven $319.46 (+2.7%)
- TSLA bull put spreadSell a put spread below the market: credit now, defined risk. · breakeven $292.25 (−6.1%)
- TSLA long straddleBuy the call and the put — pay for a move in either direction. · breakeven $278.66 (−10.5%)
Related reading
- The wheel strategy, with real numbersEveryone can recite the four steps. Almost nobody can tell you what a completed cycle returned on the capital it tied up. Here is one, priced off a real chain and folded by the same engine that runs our tracker.
- What a cash-secured put actually paysThe annualized-return column is the one everybody screenshots. It is also the one that tells you least. Here is the whole ladder — return, probability, breakeven, and the loss that takes six winners to repair.
- Covered calls on shares you already ownThe covered-call math you find online divides premium by cost basis. If you bought the stock years ago, that number is a fantasy — and it will talk you into selling a strike you should never have touched.