From Nasdaq:

Investors in Tesla Inc (TSLA) now have new options available for trading, with specific focus on the $160.00 put and $175.00 call contracts for May 3rd expiration. The put contract offers a 6% discount to the current stock price, with a 66% chance of expiring worthless for a 4.66% return.

On the other hand, the call contract at $175.00 presents a 3% premium to the current stock price, with a 53% chance of expiring worthless. Investors can consider selling this covered call for an 8.70% total return if the stock gets called away. Implied volatility for both contracts is around 54-56%.



Read more at Nasdaq: First Week of TSLA May 3rd Options Trading