We recommend selling the following OTM Put Option of TSLA.

Sell TSLA Mar 28, 260 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 95.5 Bear-Bull Percent, implying it is strongly Bullish.

* SPY has 92.2 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 QQQ options expiring on Mar 28, 2025 (4 DTE), 96.2% of the total open interest is jointly reinforcing a strongly 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 (4 DTE) option chain.

TSLA has 96.2 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 (4 DTE) option chain, with 98.1% 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 (4 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 (4 DTE) option chain.

Notably, the 260 PE Strike has an Open Interest of 2,483, a Delta of 32.2%, and a Option Premium of $4.0

Conclusion

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

Sell TSLA Mar 28 260 PE

Appendix — My Trade

On MAR 24, 2025, at 10:15 AM, I executed the following trade:

Sell To Open TSLA Mar 28 260 PE @ $4.03

This trade is clearly reflected in the price chart of the TSLA 260 PE shown below:

I sold to open an TSLA Mar 28, 260 PE at $4.03, collecting $403 per contract.