Tesla, as you know, had its big announcement yesterday, the "CyberCup" announcement. The stock rose sharply and then fell again today. So again, as I've been saying for the past few weeks, there aren't many reasons to buy it.
There aren't many reasons to sell it. It is only in a state of slow and gradual ascent. It is trying to determine whether it wants to stay above or below the 50-day moving average.
Staying above the 50-day moving average is great. Staying below the 50-day average is not very good. At the moment he is somewhat below, but again, he doesn't really know which direction he wants.
You want to see an arrow that shows some leadership, and demonstrates a clear direction. We all think Tesla is a great company, at least I do. Simply put, you should buy the company's shares at the right time, you know, when it's on an upward trajectory.
This is a buy trade, and it is also a trade that gives you maximum profit if you use a covered options strategy.