TSLA Covered Calls: Premium Income for Tesla
Tesla Inc. leads the electric vehicle market. Extremely high implied volatility means outsized premiums, but sellers must be comfortable with large price swings.
This week's TSLA covered call snapshot (scan date 2026-07-22)
One covered call contract on TSLA (100 shares) collected about $1370.00 in premium at the $392.50 strike expiring 2026-08-21 — an annualized yield of about 48.1% at the time of the scan.
| Stock price | $358.40 |
|---|---|
| Strike | $392.50 |
| Premium per share | $13.70 |
| Premium per contract | $1370.00 |
| Annualized yield | 48.1% |
| Days to expiration | 29 |
| Delta | 0.35 |
Numbers are a snapshot from the most recent market-day scan and change with price and volatility. Run the live screener for current TSLA strikes ranked by premium-per-day.
TSLA covered call FAQ
How much premium does a TSLA covered call pay?
In the most recent Friday scan, the top-ranked TSLA covered call collected about $13.70 per share — roughly $1370.00 per contract (100 shares) — at the $392.50 strike expiring in 29 days. That worked out to about 48.1% annualized at scan time. Premiums change with the stock price and volatility, so run the live screener for current numbers.
Do I need 100 shares of TSLA to sell a covered call?
Yes. One options contract covers 100 shares, so selling one covered call on TSLA requires owning at least 100 shares. If you own fewer, the position would not be "covered."
What is the risk of selling covered calls on TSLA?
The main trade-off is capped upside: if Tesla rises above your strike price by expiration, your shares can be called away at the strike. You keep the premium either way, but you give up gains beyond the strike. You also keep full downside exposure to the stock itself. This page is educational information, not investment advice.
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Educational information only — not investment advice. Options involve risk, including capped upside and full downside exposure to the underlying stock.