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TSLA Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 65/100
Tesla Inc (Consumer Cyclical) · $345.13 ·
Analysis generated Aug 20, 2026 ·
Data as of market close Aug 20
Quick Take
TSLA is trading at $345.13 with RSI at 49 (neutral territory). Options IV is at 47% — 29% below its 30-day average of 66%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
49
IV Today
47.1%
IV vs 30d Avg
-29%
MACD
bullish
ADX
22
MFI
64
The Setup
TSLA Covered Call
LONG STOCK
100 shares @ $345.13
SHORT CALL
$375 Oct '26 · $12.42/sh
Net Cost
$33,271
Max Profit
+$4,229
Break-even
$332.71
Projected P&L at Target
+$4,229
(12.7%)
P&L at Expiry
P&L Scenarios
What happens at different TSLA prices by expiry:
| TSLA Price | Today | Sep 8 | Sep 27 | Oct 16 (exp) |
|---|---|---|---|---|
| $276 (-20%) | -$5,805 | -$5,710 | -$5,664 | -$5,661 |
| $293 (-15%) | -$4,238 | -$4,068 | -$3,952 | -$3,935 |
| $311 (-10%) | -$2,780 | -$2,515 | -$2,278 | -$2,209 |
| $328 (-5%) | -$1,461 | -$1,096 | -$698 | -$484 |
| $338 (-2%) | -$745 | -$325 | +$174 | +$552 |
| $345 (0%) ← now | -$302 | +$150 | +$712 | +$1,242 |
| $352 (+2%) | +$113 | +$593 | +$1,210 | +$1,932 |
| $362 (+5%) | +$683 | +$1,195 | +$1,876 | +$2,968 |
| $375 (+9%) ← target | +$1,293 | +$1,826 | +$2,546 | +$4,229 |
| $380 (+10%) | +$1,495 | +$2,031 | +$2,753 | +$4,229 |
| $397 (+15%) | +$2,145 | +$2,671 | +$3,355 | +$4,229 |
| $414 (+20%) | +$2,651 | +$3,139 | +$3,728 | +$4,229 |
Why This Strategy, Why Now
- RSI at 49
- IV -29% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 22 — moderate trend
- No squeeze — no imminent breakout
Key Risks
TSLA has bullish momentum (MACD). If a positive catalyst emerges (earnings beat, product launch), the stock could gap past your strike. Consider rolling the call up if TSLA approaches the strike before expiry.