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Barchart
Barchart
Mark R. Hake, CFA

Tesla Still Looks Attractive to Sellers of OTM Puts as an Income Play

OTM Tesla Inc.

Tesla Inc (TSLA) stock still looks attractive to short sellers of out-of-the-money (OTM) put options in near-term expiration periods. This is a good strategy to make extra income for existing shareholders.

I discussed this play in my Nov. 10, 2023, Barchart article, “Tesla Stock Takes a Hit from Analysts - But Selling Short Its Puts Make Sense.” At the time, TSLA stock was trading at $208.63 per share and I discussed selling short the $185 strike price put options for expiration on Dec. 1 (today). 

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