Tesla Inc. (TSLA) out-of-the-money puts have attractive premiums over the next month. The stock is down slightly at $445.89, up from recent lows. Short-sellers of OTM puts have made money ahead of Tesla’s results on January 28. Shorting 1-month OTM TSLA puts has provided potential returns between 4.79% and 5.86% over the last 2 months.

TSLA reported lower total deliveries than expected, causing the stock to drop. Investors can take advantage by buying TSLA stock at out-of-the-money put option strike prices. For example, a $410 strike price has a midpoint premium of $9.52, offering an immediate yield of 2.32% over a one-month period. This strategy could provide a good return for investors.

Read more at Barchart: Tesla Inc Put Options Still Look Attractive to Short-Sellers Before Earnings Next Week