TSLA announces earnings tomorrow after market close, so look to put on any volatility contraction play (short strangle/iron condor) before then. You'll naturally want to tweak these strikes if there is any movement during the market day ... .
Short Strangle
Feb 19th 111/180 short strangle Probability of Profit: 74% Max Profit: 404/contract Buying Power Effect: Undefined
Feb 19th 106/111/180/185 iron condor Probability of Profit: 70% Max Profit: 101/contract Buying Power Effect: $400
Notes: I'm probably not going to play this one, since I'm still working off FB and have DIS and BIDU on, as well as a bunch of other index ETF balls I'm juggling ... .
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TSLA up to 157 after hours post-earnings. Would've been well within the short strikes of my setups ... .