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

Teslas are expensive cars, and the Roadster, which the company will reveal on October 1st, will likely be the its most expensive, if the $50,000 deposit to get on the list is any indication. Tesla 's options, however, aren't particularly expensive. One-month implied volatility is at or about the 36th percentile; in other words, well below average despite the upcoming catalyst and despite October generally being a month of above-average volatility. The Cybercab launch in early September underwhelmed the analyst community, with Wells Fargo in particular noting the robotaxi service faces "execution issues." But the stock has since clawed its way back.