用TSLA來舉例：
你可以考慮立即sell 1/4 position with 3個月 的 ATM covered call。 比如說March/2025 450 的 covered call。現在大概$65.
1: If TSLA continues to rise, your shares will be called, and you basically sell them for 515 in 2025
2: If TSLA drops back to 400, you sell March 2025 400 put (which will be roughly $45).
2.a --- If TSLA then bounce from 400 and back to ATH, you essentially will be selling your shares for 560 (450 + $65 call premium + $45 put premium)
2.b --- If TSLA continues to drop, you will be buying 1/4 more position of TSLA at 290.
In all these scenarios, you are better off than selling Tesla at 450 today, provided that you are ok with adding more shares at 290.
