There’s something beautiful about a trade that pays you, hands you shares at a discount and then pays you again before you even finish your coffee.
That’s exactly what happened with Direxion Daily TSLA Bull 2X Shares (TSLL) last week — and I’ve got to walk you through it because this is the kind of setup I live for.
I sold 15 contracts of the $17.50 strike puts on TSLL, and Friday rolled around and I got all the stock at $18.50. No problem. That’s the plan when you run the wheel.
Monday morning, I sold 1,000 shares at $19.50 — up a buck from my assignment price — and pocketed $1,500. Then I kept the rest of the shares to sell calls against.
And here’s the kicker: I went right back and sold the $17.50 puts again.
Same strike. Same ticker. Different week.
That was the quickest thousand bucks I ever made — and it’s exactly why I keep saying anytime you get assigned TSLL shares, it’s a gift.
Why TSLL Is Built for the Wheel
TSLL has a beta of 3.34. That kind of volatility is pure fuel for the wheel strategy.
When Tesla (TSLA) moves 10%, TSLL moves around 20%, and that amplified movement keeps premiums rich week after week. It means you get paid more to sell puts, paid more to sell calls, and you can rinse and repeat the cycle faster than with most underlyings.
It’s wheel-strategy heaven — especially for smaller accounts. Selling a $17 put only requires around $1,700 in cash, so you can run the same strategy big accounts do without needing big-account capital.
But TSLL didn’t just hand out premiums this time. It threw in a surprise bonus: a big end-of-year special dividend. It was roughly $3,000 on my position, completely unexpected, and it added a nice extra layer of profit on top of an already sweet setup.
Positioning for the Next Move
Now I’m planning my next move. I want to get long (buy) more TSLL, but I don’t want to sit around hoping I get assigned through cash-secured puts because at these levels, I probably won’t. So I’m going to buy shares outright, sell calls against part of the position and leave some shares uncapped to participate in upside.
TSLA has been a laggard, and when that stock wakes up, TSLL outruns it by design. That’s why I think it can be a leader in 2026, and why I want enough shares to take advantage of both income and directional movement.
This is the kind of trade I can run every week. It’s simple, it’s repeatable and every time it works, it reminds me why I love the wheel.
You get paid to enter, paid to hold and sometimes — like this week — paid twice before the next trade even sets up.
Trade well,
Jack Carter
Jack Carter Trading
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram: //t.me/jackcartertrading1
- YouTube: //www.youtube.com/@FinancialWars
Important Note: No one from the ProsperityPub team or Jack Carter Trading will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
PS. Here’s a Smarter Way to Play the Stock in Any Condition
While we’re expecting a bullish Tesla in 2026, you should be targeting payouts regardless of what happens with the stock.
This is exactly where my special weekly Tesla play comes in.
I have traded this setup 85 times so far and won 8 out of 10 trades on average.
These wins occurred when the stock was either spiking to new highs or slumping across the chart.
And it’s all thanks to a twist in the way he trades the ticker.
We can’t make guarantees when it comes to trading here…
But right now, I’m preparing to go after this week’s payout opportunity.
So if you want a complete breakdown as well as a walkthrough of how to join in…
