Tesla Inc (TSLA)

[Moonlazer]

I'll tell you what I do, as I'm not going to recommend anything. It's entirely your choice. I go for about 6 months to 1 year out. Example: at 138-144 in April, I picked up $200 calls for Jan 2025. Those I finished selling at the $260s area in small trimming blocks.

I recently added $200 puts for Jan 2025, but will be looking for late spring on this next selection. It's to allow for corrections to occur in case geopolitical, broad economic or local political issues rock the market in unforseen ways. Nothing is certain. So extra time, but still in your chosen direction will net profits. $9-10 > $79-81 per contract in my example, and that's with the fed dragging their feet on rate cuts and a pending election.

So in short, thing long on expiration date to suit your plans. The shorter you go, the less cushion you have to protect against volatility.