TSLA is going sideways (see Weekly chart also) its trades between the 100 and 200 on the weekly. The blue box (on the left) is around what TSLA is in a large channel and i have found an IRON Condor is a good way to trade these. If you never done before definitely don't try one using my advice with real money PLEASE!
There is a mistake on the chart my entry I entered into a 205/202/50 expiring 6/10/16. As a matter of fact I won't even try to explain the strategies other than to say you are selling premium anticipating the price stays above 205 until end of day 6/10/16. If it does great, your spread goes way worthless and you get about 10% return. If TSLA continues higher and then trades back down in the yellow square you can enter a Call Spread with the same risk and margin used and raise that return -15 to 20%. For example if you did a 245/247.50 BCS exp 6/10/16 The hopes are TSLA will also trade below 245! There are all sorts of factors that i am not explaining if your are interested go to www. reallifetrading .com