Tesla Roadster reveal is creating a unique options opportunity, says Mike Khouw

Tesla (TSLA) is presenting an attractive options trading setup ahead of multiple near-term catalysts, according to CNBC Options Action analyst Mike Khouw. Despite the upcoming Roadster reveal on October 1, a Semi event on September 24, and third-quarter delivery numbers shortly after, Tesla's 30-day implied volatility sits relatively subdued near the 36th percentile, around 41%. This puts options pricing near the bottom of Tesla's historical annual range, offering favorable risk-reward dynamics for traders. While sentiment experienced a temporary drag following the early September Cybercab rollout in Austin, the stock has since rebounded. Tesla has reopened reservations for the next-generation Roadster, requiring a $50,000 deposit structure, signaling confidence ahead of the official pricing, specifications, and production timeline disclosure at SpaceX's McGregor facility. To capitalize on potential upside while protecting against volatility crush or event disappointment, Khouw recommends executing an October 30th 380/440 call spread. This structure offers defined-risk exposure to upcoming operational milestones and earnings at an accessible premium outlay.