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Jeffry was assigned 400 shares of TSLL that are underwater — we’ll discuss exactly how he plans to flip the script and turn this trade into a winner and more [tap to join us for Market Masters]
Let me lay out a problem I’ve been solving for a while now.
TSLA is set up for what could be one of the biggest runs this year. I really believe that.
But here’s the issue: I can’t really sell cash‑secured puts on Tesla (TSLA) because it costs too much. 100 shares at $430 is $43,000 locked up for a single contract.
So what do I do instead?
I use Direxion Daily TSLA Bull 2x Shares (TSLL). TSLL gives me a little bang for the buck, and it’s simply a far more practical way to get the exposure I’m looking for.
I can’t realistically sell cash‑secured puts on TSLA because tying up that kind of capital makes no sense for this strategy.
With TSLL trading around $15.50, the capital requirement becomes a fraction of what TSLA demands while still giving me meaningful leverage on the move I expect.
And the best part? I’ve done this a lot with TSLL, and right now it’s in a sideways rut — but still paying really well.
That kind of sideways chop is exactly what I want when I’m running the wheel.
I collect premium over and over while it consolidates, and when it finally breaks out — which I think it’s poised to do in a big way — I’m already positioned.
Two Kinds of Stocks in My Book
I’ve talked before about how I think about different names in my portfolio, and this is a good time to clarify.
The stocks I want to own — like Johnson & Johnson (JNJ), International Business Machines (IBM), Coca‑Cola (KO), and McDonald’s (MCD) — I’m really not going to wheel very aggressively because I don’t want them to get called away.
I sell puts on those all the time because I’m just trying to build a bigger position. If I get assigned, great. I own more of something I already wanted.
I might sell a covered call occasionally, but I’m not cycling in and out nonstop.
Then there’s the other category: the names I’m strictly wheeling and dealing. That’s where TSLL lives.
I’m not trying to build a forever position here.
I’m using it as a tool — a capital‑efficient way to capture premium and participate in TSLA upside without parking $43,000 in one place.
Why This Setup Works Right Now
Three things make TSLL the right tool for this moment…
First, premiums are fat. Even while the price is chopping sideways, the options market is still pricing in plenty of volatility because TSLA itself is rarely calm.
That means steady income even when the chart is boring.
Second, the capital efficiency is hard to beat. Instead of locking up a big chunk of cash on TSLA directly, I can run multiple TSLL contracts, stagger strikes and expiration, and let the leverage do the heavy lifting.
For everyone who constantly asks about timing — I always go a week out so I can stay flexible, stay sized correctly, and stay consistent.
Third, the setup just feels right. I think TSLA is lined up for one of its biggest runs ever this year, and TSLL gives me a way to ride that wave without making a giant all‑or‑nothing bet.
But be warned…
Leveraged ETFs are NOT for everyone. They move fast, they decay when the underlying chops, and they demand respect. They are NOT for beginners.
But when you understand the tool and apply it to the right situation, they solve real problems — especially when you’re running income strategies on expensive stocks.
This is how I’m playing TSLA right now.
Not by owning it outright and not by chasing calls — but by wheeling a leveraged proxy that pays me while I wait for the move I believe is coming.
Trade well,
Jack Carter
Jack Carter Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. I’ll Reveal a Special Way to Play The IPO Rush
I believe that the “mega” IPO supercycle may be getting a bit overhyped, based on shocking market data.
Click below to reveal the details…
Plus, there’s an alternative approach to playing this frenzy that I want to share with you!
Source: Initial Public Offerings: Updated Statistics; University of Florida, 2025
