TSLA's technical picture is mixed and the stock is trading in the middle of a one-year channel. Very little cues from the market as to the potential direction post earnings (tonight). The stock has been quite volatile and should remain so in the current environment. Buy Feb 16'18 $355 calls which are 3.9% out of the money. I paid $7.55/share for them. Bet on pop if the earnings are good. If the company misses expectations, sell an out of the money put on the break to get back the call premium.
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Disappointing earnings. No pop. Stay long the calls for now.