We recommend selling the following OTM Call Option of TSLA.

Sell TSLA Mar 21, 250 CE

Our analysis behind this recommendation is as follows:

A) Analysis of Stock Market Indices

Insight #1: NASDAQ (QQQ) is moderately BEARISH today!

* QQQ has 25.6 Mathur Bear-Bull Percent, implying it is strongly bearish.

We can also check the Open Interest distribution for QQQ below.

The pie charts illustrate the bullish or bearish sentiment for each ticker {GLD, IWM, QQQ, SPY} by showing the distribution of Open Interest, color-coded as follows:

Insight #2: For QQQ options expiring on Mar 21, 2025 (8 DTE), 83.9 % of the total open interest is jointly attributed to “Put Long Buildup”, “Call Long Unwinding and Call Writing” reinforcing a BEARISH sentiment.

B) Analysis of Mag-7 Stocks

Insight #3: TSLA shows the strongest BEARISH sentiment among the Mag 7 stocks, based on the Open Interest distribution across weekly (8 DTE) and monthly (15 DTE) option chains.

TSLA has 11.9 Mathur Bear-Bull Percent, implying it is strongly bearish.

We can also check the Open Interest distribution for TSLA below.

Insight #4: TSLA is the most BEARISH based on the weekly (8 DTE) option chains, with 97% of total Open Interest jointly attributed to “Put Long Buildup, and “Call Writing”. This distribution signals a strong BEARISH sentiment.

Insight #5: Additionally, we confirm that TSLA shows strong BEARISH sentiment, as evidenced by the absolute Open Interest distribution across its weekly (8 DTE) and monthly (15 DTE) option chains.

Insight #6: We propose to sell Call options in TSLA, since we have strong BEARISH sentiment. To identify the optimal Strike Price for trading, we analyze the Open Interest at various Strike Prices for TSLA’s Call Options in the weekly (8 DTE) option chain.

Notably, the 250 CE Strike has an Open Interest of 10,703, a Delta of 36%, and a Call Option Premium of $6.80

Conclusion

Based on our analysis, we propose to Sell to Open the following OTM Call Option of TSLA:

Sell TSLA Mar 21 250 CE

Appendix — My Trade

On Mar 13, 2025, at 10:10 AM, I executed the following trade:

Sell To Open TSLA Mar 21 250 CE @ $6.81

This trade is clearly reflected in the price chart of the TSLA 250 CE shown below:

I sold to open an TSLA Mar 21, 250 CE at $6.81, collecting $681 per contract.