### Comment:
If it goes down then the call expires worthless and you can sell another! You'll be making like $100k/year just selling TSLA calls if it just keeps going down and you keep selling calls 3 months away for $25k a pop. 
  
 You can also cover the call at any time. So, if it crashes after earnings, cover the calls (buy some on the open market) to replace yours for somewhere south of $26.7k and then sell off all your stock while softening the blow with the call profits.

### REPLY:
You need margin to cover the calls if your stop loss triggers on the shares. One can't buy stock on margin, sell calls, and set a stop loss on the shares.

### END.