We recommend selling the following OTM Put Option of TSLA.

Sell TSLA Mar 21, 220 PE

Our analysis behind this recommendation is as follows:

A) Analysis of Stock Market Indices

Insight #1: The S&P 500 (SPY) & NASDAQ (QQQ) are Strongly Bullish today!

* QQQ has 60.9 Bear-Bull Percent, implying it is strongly Bullish.

* SPY has 66.6 Bear-Bull Percent, implying it is strongly Bullish.

We can also check the Open Interest distribution for QQQ, SPY 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 SPY options expiring on Mar 21, 2025 (2 DTE), 51% of the total open interest is jointly reinforcing a moderate BULLISH sentiment.

B) Analysis of Mag-7 Stocks

Insight #3: TSLA shows the strongest BULLISH sentiment among the Mag 7 stocks, based on the Open Interest distribution across weekly (2 DTE) option chain.

TSLA has 81.7 Bear-Bull Percent, implying it is strongly Bullish

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

Insight #4: TSLA is the most BULLISH based on the weekly (2 DTE) option chain, with 75.3% of total Open Interest jointly signals a strong BULLISH sentiment..

Insight #5: Additionally, TSLA shows strong BULLISH sentiment, as evidenced by the absolute Open Interest distribution across its weekly (2 DTE) option chain.

Insight #6: To identify the optimal Strike Price for trading, we analyze the Open Interest at various Strike Prices for TSLA’s Put Options in the weekly (2 DTE) option chain.

Notably, the 220 PE Strike has an Open Interest of 18,050, a Delta of 19.5%, and a Option Premium of $1.87

Conclusion

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

Sell TSLA Mar 21 220 PE

Appendix — My Trade

On MAR 18, 2025, at 11:24 AM, I executed the following trade:

Sell To Open TSLA Mar 21 220 PE @ 1.87

This trade is clearly reflected in the price chart of the TSLA 220 PE shown below:

I sold to open an TSLA Mar 21, 220 PE at $1.87, collecting $187 per contract.