Daily Options Selling Strategy | A New Earnings Season is Here: How Will NVIDIA and Tesla 'Collect Rent'?

I. Market Barometer

The market rebounded strongly on Monday after a lower opening, nearly recovering all losses triggered by the Middle East conflict.The market showed strong performance, with retail panic significantly easing. The focus now shifts to the upcoming earnings season, a precious window of time value for options sellers: Tesla will kick things off after hours on April 22.Google, Meta, and Microsoft will follow with their earnings reports on April 29, while Apple and Sandisk are set for April 30, and NVIDIA on May 20.

II. Focus on Hot Targets

NVIDIA (NVDA)

$NVIDIA (NVDA.US)$ Since early April, the stock has been following a strong market rebound, with prices approaching the upper limit of the $165 to $195 range. A decisive breakout would signal a clear bullish trend.

Fundamentally, NVIDIA's core position in AI computing power remains unshaken—Chip demand remains robust, with supply still unable to meet demand.On Wall Street, several major banks continue to maintain an "Outperform" rating for NVDA, with price targets generally above $200.

Tesla (TSLA)

April 2,$Tesla (TSLA.US)$ Released the Q1 2026 delivery report, with actual deliveries of 358,023 units, below analyst expectations of 370,000 units; however, regional differences were significant: The Chinese market performed impressively, with Tesla’s domestic sales in March surpassing 56,000 units (up 47% MoM). The Shanghai Gigafactory delivered a cumulative 213,000 units in Q1 (up 23.5% YoY), offsetting weak demand in the North American market.

Risk Warning:Technically, Tesla's stock remains in a downward channel, with short-term volatility expected to remain intense.

III. Seller Options Strategy

1. Sell one $Tesla (TSLA.US)$ 20260508 325P, estimated required margin (for reference only): $35,242 ($352.42 × 100)

Opportunity filtering logic:Tesla is currently in a "bad news out" verification window. The stock has stabilized continuously within the $340–$352 range, indicating that the market has largely digested this weaker-than-expected data. Prior to earnings, the options market systematically increased TSLA’s implied volatility, making time value significantly higher than during non-earnings weeks. Even if the earnings results miss expectations but the stock holds above $325, or if earnings exceed expectations and drive a price rebound, the premium will belong entirely to the seller.

2. Sell one $NVIDIA (NVDA.US)$ 260522 180P, estimated required margin (for reference only): $18,931 ($189.31 × 100)

Opportunity filtering logic: $180 is a reasonable long-term buying range from the perspective of fundamental valuation. If NVIDIA's earnings report is as strong as expected, the post-earnings implied volatility (IV) crush will rapidly erode the remaining time value within two days before expiration, with nearly all premium captured. During earnings season, it’s also common to see both bullish and bearish pressures simultaneously, which is the main reason why options sellers can consistently 'collect rent.'

IV. Risk Control Reminder

Position management is key:The biggest risk for the seller strategy lies in black swan events.It is recommended that the margin占用 for a single position should not exceed 20% of the total funds. Never sell options beyond your capacity to handle them just for the sake of greedy premium collection.

Cash-secured put options should beware of 'left-tail risk':For cash-secured puts,if the stock price collapses due to deteriorating fundamentals (rather than normal pullbacks), don’t hold on stubbornly.At this point, it's advisable to cut losses or 'roll down' to gain time, waiting for volatility to normalize.

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Options Risk Warning

An option is a contract that grants the holder the right, but not the obligation, to buy or sell an asset at a fixed price on a specific date or at any time before that date. The price of an option is influenced by various factors, including the current price of the underlying asset, the strike price, time to expiration, and implied volatility. Implied volatility reflects the market’s expectations for the level of volatility in the option over a future period. It is a data point derived inversely from the Black-Scholes option pricing model and is generally regarded as an indicator of market sentiment. When investors anticipate greater volatility, they may be more willing to pay a higher price for options to hedge risks, resulting in higher implied volatility. Traders and investors use implied volatility to assess the attractiveness of option prices, identify potential mispricings, and manage risk exposure.

Disclaimer

This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee for any securities, financial products, or tools. The risk of loss in trading options can be substantial. In some cases, losses may exceed the initial margin deposited. Even if you set contingent orders such as 'stop-loss' or 'limit' orders, these may not prevent losses. Market conditions may prevent these orders from being executed. You might be required to deposit additional margin within a short period. If you fail to provide the required amount within the specified time, your open positions may be liquidated. However, you will still be responsible for any shortfall in your account. Therefore, before trading, you should study and understand options and carefully consider whether such trading is suitable for you based on your financial situation and investment objectives. If you trade options, you should be familiar with the procedures for exercising options and the rights and obligations upon exercise and expiration. Option trading involves extremely high risks and is not suitable for all investors. Investors should read carefully before engaging in any options trading strategy.Characteristics and Risks of Standardized Options。

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