Strike Ladder: The Pop and the Floor

The real TSLA ladder from 31 Aug 2026 — spot 364.65, the trader's own $0.60 fill on the 357P calibrating implied volatility for every other strike. Move the sliders. Exit on the move and the far strike wins on percentage. Hold to the bell and it is the only one worth nothing.

−1.08%
spot 361.85 · TSLA median day −1.39%
7 min
312 min = held to the close
36.9%
calibrated from the real $0.60 fill
Put strikePaidDeltaBreak-even moveValue nowP/L if you exitP/L if you hold to expiry
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Method. Black–Scholes European puts, zero rate and no dividend, entry at 10:48 ET with 312 minutes to the close. Implied volatility is solved from the trader's actual $0.60 fill on the 357P and then held constant across the ladder — so the 360 / 362.5 / 365 / 367.5 premiums are the same $1.23 / $2.06 / $3.20 / $4.66 quoted in the playbook, not invented ones. "P/L if you hold to expiry" values the contract at intrinsic, max(strike − spot, 0), at whatever spot the slider is set to. Constant IV is a simplification: in a real sell-off IV rises, which flatters the far strike further on the pop and changes nothing about its expiry value.