Todd Gordon's Bullish Tesla Trade

On CNBC's "Trading Nation", Todd Gordon of TradingAnalysis.com said he sees more room on the upside for Tesla Inc TSLA. He analyzed the daily chart of the stock and he concluded that it could move closer to the upper range of its uptrend channel. He thinks that Tesla Inc is about to reach $360.

To make a bullish bet, he wants to buy the June 350/355 call spread for $1.43. The trade breaks even at $351.43 or 1.18 percent above the current stock price. It can maximally make a profit of $3.57.

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Posted In: CNBCOptionsMarketsMediaTodd GordonTrading Nation
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