“Tesla at $1,900 is free money,” he said. Write Options at Around $1,900 And Pocket the PremiumThat’s where the $1,900 and the free money comes into play. That’s expensive to purchase given the tiny chance that Tesla stock rallies that much. In this case, Tesla options are a good thing to sell because in some cases the options contracts are based on exceptionally high implied volatility. The implied volatility of Tesla options currently averages 71%.

Source: Forbes January 25, 2021 15:44 UTC