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Some folks treat assignment like a four-letter word.
Not me.
When it comes to Direxion Daily TSLA Bull 2X Shares (TSLL), I’ve found something most traders miss — getting assigned either direction has been a gift.
I just keep selling those four puts, and the cycle keeps paying over and over.
It’s simple, it’s repeatable and it’s built around the stock’s natural rhythm.
Every time I get it called away, it’s been a gift.
Every time it’s been put to me, I could sell it for a buck more the next Monday.
That’s not luck. That’s the setup.
TSLL closed recently at $18.72, and I got assigned around $18.50. Was I upset?
Not even a little. Because I know what comes next — I’ll be able to buy it back lower and start the whole cycle again.
The Assignment Cycle That Keeps Paying
Here’s the pattern I’ve been running:
I had TSLL assigned to me at $18.50 and sold it at $19.43. Clean profit.
Then I had it taken away from me at $18.50, and I was able to buy it back lower.
Back and forth. Week after week.
There are different ways to play this. My Market Masters co-host, Jeffrey Turnmire, has done it super clean in one account without ever touching the stock — rolling and managing the options themselves. That works.
But my approach is different — I sell a little closer to the money because I like to get assigned. I like to have it put to me, and I like to have it called away.
That doesn’t mean I’m reckless. I tend to roll, and I pay attention to the pennies — which may or may not actually be pennies — because they add up.
That’s part of the game. That’s part of managing the trade.
And honestly, I just love trading this stock. The volatility creates opportunities most people are too cautious to take advantage of. They’re afraid of assignment. I’m hunting it.
Wednesday’s Tesla Earnings Discussion
We’ve also got a big show this Wednesday focused entirely on Tesla (TSLA) earnings. It’s going to be an important one because the narrative has got to get away from electronic vehicles and into robotics.
When China’s pumping out the BYD car practically free, they’re not gonna let TSLA compete in China on EVs alone.
The growth story has to shift, and if it does, TSLL becomes even more interesting as a trading vehicle.
But whether the narrative shifts this week or not, I know one thing for sure — this is a stock I love trading.
The assignments keep coming. The premiums stay juicy. And the weekly cycle keeps paying.
That’s how I’m playing it.
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.
PS. Still Don’t Know How I’m Going after Tesla?
How would you like me to walk you through my special weekly setup on Tesla?
I’ve deployed this setup 85 times over the past two years, all while the stock was either rocketing to new highs or dumping to disappointing lows.
But despite the crazy price action, I’ve won eight out of every 10 trades on average.
And this week, I’m going after the first Tesla trade of the year using this setup.
I can’t make absolute guarantees when it comes to trading, of course…
But I want to clue you in on why it’s the top strategy for trading Tesla in 2026…
As well as how to take this week’s trade.
Get My Tesla Playbook for This Week’s Trade
Disclaimer: We develop tools and strategies to the best of our ability, but no one can guarantee the future. There is always a risk of loss when trading. Past Performance is not indicative of future results. On the live trades the results are an 80% win rate from 4/05/23 through 1/20/25 and the average return per trade (winners and losers included) is 22.70% per trade in a 6 day average hold time with an average winner of 52.76%.
