The nearest low is at a price of $591, the trend is long and we had almost 40% drop.
The implied is relatively high but could be higher (if the IV will go higher it is bad for selling options)
The option has 30 days left until expiration.
If the price of TSLA will be above $590 the option will be worthless and all the premium will be received $1610
We need a sharp move up to the green line if we want to buy back the option before expiration and get all the premium.
In the previous epic wave of TSLA people made lots of money by selling naked puts.
Selling naked is for more advanced traders.
Options Trading for Beginners (Learning in a New Way)