How I Made $6,300 in a Week Using Covered Calls on Tesla (TSLA)

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Have you ever wondered if it’s possible to generate consistent income from your stock portfolio—without trying to time the market or chase meme stocks?

This week, I made $6,300 in option premium just by using one of my favorite strategies: selling in-the-money covered calls on Tesla (TSLA). It’s part of my weekly rhythm, and it allows me to generate income safely and reliably—regardless of what the broader market is doing.

In this blog, I’ll walk you through exactly how I executed the trade, why in-the-money calls offer unique protection, and how you can apply the same principles to build lasting income from your portfolio.

Market Context: Why I Like Playing It Safe

Tesla was down $11 on the day, and the broader market showed signs of weakness—exactly the kind of environment where emotional traders get shaken out.

But here’s the thing: when you sell deep in-the-money covered calls, you don’t need to predict the market. You’re not hoping Tesla moons overnight. Instead, you focus on collecting option premium, known in my world as the juice—and this strategy lets you get paid no matter what direction the market goes.

We’re currently in a yellow market—cautionary but not collapsing. In a yellow market, I like to dial in protection and secure consistent income. That’s exactly what I did this week with Tesla.

Trade Setup: Selling In-the-Money Calls for Consistent Income

Here’s what my trade looked like:

I was holding 10 deep-in-the-money TSLA 325 call contracts, which were set to expire today.
These calls had virtually no extrinsic value left, which means the premium (or juice) was already captured.
Tesla was trading around $357. My 325 strike was $32 in the money.

With no juice left, it was time to roll the position to next week and harvest more premium.

My Strategy: Roll to 335 Calls for the Next Week

Rather than staying at the same strike or going too far out of the money, I moved to the 335 strike—still deep in the money, but closer to the stock price.

Here’s what I got:

$6.30 per share in premium (extrinsic value)
That’s $6,300 total income for 1,000 shares (10 contracts)
A built-in cushion of $19.30 per share, or $19,300 total downside protection

This means even if TSLA drops by $19 next week, I won’t lose money—because the option premium offsets the loss.

That’s the power of selling in-the-money calls. You’re giving up a little upside in exchange for immediate, tangible income and a whole lot of peace of mind.

Why In-the-Money Covered Calls Work (Even When the Market Doesn’t)

There’s a misconception in the investing world that you only make money when a stock goes up.

Covered call strategies flip that idea on its head.

Here’s why they work:

Downside Protection: In-the-money calls offer a built-in buffer. If Tesla drops $15 next week, I don’t lose money thanks to the protection baked into the strike price.
Weekly Paychecks: Selling weekly options means you can collect income every seven days. It’s like being your own dividend-paying stock.
No Guesswork: You don’t have to predict Tesla’s next move. Up, down, or sideways—you’re still collecting the juice.

This is especially important in unpredictable markets. I don’t trade based on hope—I trade based on probabilities and consistency.

Frequently Asked Questions (FAQ)

Q: Why sell in-the-money instead of out-of-the-money calls?
A: In-the-money calls offer higher premiums and more downside protection. While OTM calls let you keep more upside, ITM calls help you survive volatility and generate reliable income.

Q: What happens if Tesla drops below the strike price?
A: No problem. With the premium I’ve collected, I remain profitable unless TSLA drops more than the protection amount. In this trade, that’s about $19 of cushion.

Q: Can you do this with less than 100 shares?
A: Not directly, since each option contract controls 100 shares. But there are workarounds like using synthetic positions or LEAPS plus short calls—which we cover in my Cash Flow Machine program.

Q: What if TSLA goes way up? Won’t I miss out?
A: Possibly. But my focus is on weekly income, not lottery tickets. If it runs up, I roll to a higher strike and keep collecting more juice.

Life-Improving Benefits of This Strategy

Let’s talk about how this affects your life—not just your brokerage account.

Build True Passive Income

This isn’t gig work. It’s not flipping houses. It’s smart trading that pays you weekly while giving you time to live your life.

Escape Financial Anxiety

Imagine knowing every Monday how much income you’re going to generate by Friday. That’s peace of mind most investors never have.

More Time, Less Stress

You can execute these trades in 20 minutes a week. That’s it. Spend the rest of your time with your family, on your business, or relaxing—whatever freedom means to you.

Call to Action: Want to Learn This Strategy?

Ready to generate consistent income like this every week?

Join my Cash Flow Machine Elite Course — where I teach you how to sell covered calls the smart way, using conservative, risk-managed strategies designed to build wealth safely and sustainably.

Don’t forget to subscribe to my Free Insider Tips Newsletter — packed with market insights, income strategies, and exclusive video walkthroughs.

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The juice is in the time premium. Learn to squeeze it — and get paid — every single week.

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Conclusion

I can’t tell you where Tesla will be next Friday—and I don’t need to. What I do know is that I’ve locked in $6,300 this week and given myself $19,300 in downside cushion.

That’s how I’ve built a repeatable, stress-free system that works regardless of market direction.

How I Made $6,300 in a Week Using Covered Calls on Tesla (TSLA)

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