How to Trade Tesla Options Without Breaking the Bank — and Wrecking Your Account

by | Jun 30, 2025

A quick note about my daily show, Crush the Close…

After some tinkering and maneuvering to get something done that fits in my schedule, we’re going to move Crush the Close to 2:30 p.m. ET starting Tuesday. 

So be there or be square!

Tesla (TSLA) options can get expensive — fast. Some weeks, a single call can run you $2,000 or more. For small accounts, that kind of trade is a nonstarter. It puts way too much of your capital at risk and leaves no room for scaling or flexibility.

But there’s a simple workaround — and it’s one I use all the time. It’s called Direxion Daily TSLA Bull 2X Shares (TSLL).

TSLL is a leveraged ETF that aims to deliver 200% of Tesla’s daily performance. So if Tesla gains 5% in a day, TSLL is designed to gain 10%. It doesn’t mirror the stock over time, but on a day-to-day basis, it provides amplified exposure — and that opens the door for lower-cost trades.

And it’s much, much cheaper…

TSLL Makes Tesla Accessible to Small Accounts

With TSLL trading around $12 a share, you can take a directional position in Tesla with as little as $100. That means instead of blowing up your account trying to chase expensive TSLA options, you can scale in with multiple TSLL contracts at a fraction of the price.

We include TSLL trade setups alongside Tesla in every alert in my Perfect Tesla strategey. Same expiration. Same timing. Same directional bias. But it gives traders with smaller accounts a chance to participate without compromising their risk profile.

TSLL is also highly liquid, with penny-wide bid-ask spreads and plenty of volume. It trades cleanly on all major broker platforms — Schwab, Fidelity, Robinhood, Webull, you name it.

No complex order routing or special permissions required.

Simple, Straightforward Execution

Just like with TSLA, we keep the strategy simple — buying calls during bullish cycles and buying puts during bearish ones. No diagonals, no spreads, no confusion. That simplicity is a big part of why this works. It lets you focus on timing the trade instead of worrying about structure.

If you’ve ever thought trading Tesla options was out of reach because of cost, think again. TSLL gives you a clean, low-barrier way to execute the same setups — with just a hundred bucks.

Order Flow: 

This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.

When you look at these plays, always take the market maker move into consideration.

You can be right on the direction but still lose money if the stock doesn’t move enough. That’s where the market maker move comes in clutch.

With puts, they’re often downside hedges in case a stock tanks, especially around earnings. The further out of the money they are, the more likely they are to be hedges.

Also be sure and check when the company’s earnings date is because many of the plays we post here are centered around earnings!

And finally, always remember the golden rule when it comes to buying calls: Buy dips, sell rips — and don’t chase!

If a stock’s moved a ton already today, maybe wait for a pullback.

There is inherent risk in trading. Trade at your own risk.

Note: If no date is listed after the month, it’s the monthly expiration (third Friday).

The team at Lance Ippolito Trading

Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros.

You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito

And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx

Important Note: No one from The TradingPub team or any of its associated brands will ever contact you directly on Telegram.

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

P.S. Every Trader Should Be Leveraging This 1 Daily Setup 

I’ve been playing the market with this simple daily setup since February.

And after nailing 93 daily trades so far, I’m doubling down this new month.

Learn the Setup From Scratch Here 

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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