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TSLA Covered Call Analysis: Proceed With Caution Weak · 58/100
Tesla Inc (Consumer Cyclical) · $356.58 ·
Analysis generated Sep 15, 2026 ·
Data as of market close Sep 15
Quick Take
TSLA is trading at $356.58 with RSI at 52 (neutral territory). Options IV is at 45% — 27% below its 30-day average of 61%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
52
IV Today
44.7%
IV vs 30d Avg
-27%
MACD
bullish
ADX
22
MFI
50
The Setup
TSLA Covered Call
LONG STOCK
100 shares @ $356.58
SHORT CALL
$385 Nov '26 · $17.86/sh
Net Cost
$33,872
Max Profit
+$4,628
Break-even
$338.72
Projected P&L at Target
+$4,628
(13.7%)
P&L at Expiry
P&L Scenarios
What happens at different TSLA prices by expiry:
| TSLA Price | Today | Oct 7 | Oct 29 | Nov 20 (exp) |
|---|---|---|---|---|
| $285 (-20%) | -$5,527 | -$5,411 | -$5,351 | -$5,346 |
| $303 (-15%) | -$3,932 | -$3,732 | -$3,587 | -$3,563 |
| $321 (-10%) | -$2,455 | -$2,153 | -$1,872 | -$1,780 |
| $339 (-5%) | -$1,126 | -$719 | -$266 | +$3 |
| $349 (-2%) | -$407 | +$55 | +$611 | +$1,073 |
| $357 (0%) ← now | +$36 | +$531 | +$1,150 | +$1,786 |
| $364 (+2%) | +$451 | +$973 | +$1,646 | +$2,499 |
| $374 (+5%) | +$1,021 | +$1,573 | +$2,306 | +$3,569 |
| $385 (+8%) ← target | +$1,523 | +$2,092 | +$2,853 | +$4,628 |
| $392 (+10%) | +$1,831 | +$2,404 | +$3,168 | +$4,628 |
| $410 (+15%) | +$2,479 | +$3,038 | +$3,755 | +$4,628 |
| $428 (+20%) | +$2,983 | +$3,501 | +$4,118 | +$4,628 |
Why This Strategy, Why Now
- RSI at 52 — neutral-bullish
- IV -27% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 22 — moderate trend
- TTM Squeeze ON — breakout imminent, risky for capped strategies
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.
TTM Squeeze is ON — a volatility breakout may be imminent. If the breakout is to the upside, your short call will be tested quickly.