Tesla Is Priced for Perfection Here - What's the Best Way for Shareholders to Play This?

Tesla Inc. (TSLA) stock has skyrocketed in the past 2 months. It seems to be priced for perfection. As a result, put option premiums are very high. But shorting deep out-of-the-money puts still have good yields. That is one way existing shareholders can make extra income while holding TSLA stock.

TSLA was at $405.93 in midday trading on Monday, Jan. 6. This is up over 40% in the past two months ($288.53 on Nov. 6) and +4.3% in the last month ($389.22 on Dec. 6).