I Wrote That $420 Was the ‘Magic Number’ for Tesla Stock. Here’s How to Trade Its Next Move Higher.

I last wrote about Tesla (TSLA) back on Sept. 5, when the stock was selling at around $338 a share. My conclusion was that it was a good time to consider an option collar, given a combination of a helpful chart pattern and the stock’s persistent high volatility. That makes option prices more buoyant, even when a stock like TSLA is moving in a tighter range than usual. 

I’ve included the collar analysis snapshot from that article here. Because I think TSLA is again presenting a good setup for a collar, but for different reasons. So, I figure it’s time to play the TSLA card again.