Mike Khouw outlines options strategy after Tesla Cybercabs launch

Mike Khouw analyzes the market impact of Tesla's Cybercabs—steering wheel and pedal-less EVs—and his TSLA options trading approach. He suggests buying December 390 calls and selling an October weekly 425 call and 330 put strangle to exploit volatility and theta decay. He notes MACD, DMI, and RSI technical indicators are bullish, favoring long calls. The risk lies if the price falls below 330, triggering put assignment, though December calls provide upside protection. Khouw points out the current fleet is small and unsupervised, with unit economics improving only if utilization and regulatory a

• Tesla Cybercabs without steering wheel or pedals are driving in Palo Alto
• Strategy: buy December 390 calls and sell October 425 calls and 330 puts strangle
• Technical indicators MACD, DMI, and RSI are bullish for Tesla

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