Mid-morning Thursday TSLA is up $32, or about 3.1%. The March 18, 2022 calls are up over 10-12X that percentage and it almost doesn't matter how far out of the money the strike is to garner substantial returns. The March 2022 out-of-the-money expiration as a group is showing some of the best overall returns, beaten only by the near-term November 19th series. On the table below, paying for extra time by going out another six months to Sep 2022 reduces returns, but in exchange for what could be critical extra time as a year from now TSLA will have four gigafactories ramped up and producing vehicles that the world will still willing to wait six months in line to buy, at sticker price, or more.
