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TSLA Covered Call Analysis: Proceed With Caution Weak · 30/100
Tesla Inc (Consumer Cyclical) · $348.95 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
This strategy is NOT recommended for TSLA right now
Score 30/100. The technical signals do not support selling covered calls on TSLA at this time.
RSI at 35 — oversold, not ideal for selling calls. IV -23% vs avg — premiums below average, less income. MACD bearish — stock may keep falling (risk).
Check back when conditions improve, or consider a different strategy.
Quick Take
TSLA is trading at $348.95 with RSI at 35 (oversold territory). Options IV is at 48% — 23% 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)
35
IV Today
47.5%
IV vs 30d Avg
-23%
MACD
bearish
ADX
29
MFI
49
The Setup
TSLA Covered Call
LONG STOCK
100 shares @ $348.95
SHORT CALL
$375 Jun '26 · $15.95/sh
Net Cost
$33,300
Max Profit
+$4,200
Break-even
$333.00
Projected P&L at Target
+$4,200
(12.6%)
P&L at Expiry
P&L Scenarios
What happens at different TSLA prices by expiry:
| TSLA Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $279 (-20%) | -$5,661 | -$5,495 | -$5,397 | -$5,384 |
| $297 (-15%) | -$4,154 | -$3,892 | -$3,689 | -$3,639 |
| $314 (-10%) | -$2,767 | -$2,400 | -$2,049 | -$1,894 |
| $332 (-5%) | -$1,525 | -$1,056 | -$536 | -$150 |
| $342 (-2%) | -$853 | -$332 | +$283 | +$897 |
| $349 (0%) ← now | -$437 | +$114 | +$783 | +$1,595 |
| $356 (+2%) | -$47 | +$528 | +$1,244 | +$2,293 |
| $366 (+5%) | +$490 | +$1,092 | +$1,858 | +$3,340 |
| $375 (+7%) ← target | +$889 | +$1,504 | +$2,291 | +$4,200 |
| $384 (+10%) | +$1,261 | +$1,882 | +$2,670 | +$4,200 |
| $401 (+15%) | +$1,888 | +$2,495 | +$3,239 | +$4,200 |
| $419 (+20%) | +$2,387 | +$2,956 | +$3,610 | +$4,200 |
Why This Strategy, Why Now
- RSI at 35 — oversold, not ideal for selling calls
- IV -23% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 29 — moderate trend
- No squeeze — no imminent breakout
Key Risks
ADX at 29 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.