Tesla covered call

This is not financial advice. Do your own research. Consult a financial advisor. I am not your financial advisor.

I opened an options position today by selling 1 call with a strike price of $300 and expiration date in Dec 2025 (more than a year from now). The option premium was $51 when TSLA's current price is $267. At almost 20% upside, this felt like a good low risk trade.

In all of Tesla's history, it has traded above $300 only for a short period of time. There's a chance I could get assigned but given the upside and history, it seems unlikely. Even if I do get assigned at $300, with the options premium and strike price I would make 1.9x my money which is pretty good for a 2 year hold. With this week's runup, thanks to a great earnings call, I think the stock is temporarily overbought so I want to monetize some of that euphoria. That being said, I do plan on holding Tesla for at least a decade.