Part 2/11:
At the start of the week, I predicted that Tesla's stock would likely fluctuate between $410 and $460, a range I referred to as a "channel." Indeed, during the week, we briefly broke out of this channel, reaching a high of $461, which caused some initial concern. Typically, such breaches might signal a change in trend, prompting reactions from traders and investors alike.
As of the recent close, Tesla's stock price was around $449, somewhat below the upper boundary of the channel. My initial strategy involved selling covered calls at $470, aiming to capitalize on the sideways movement while avoiding holding positions through upcoming uncertain dates such as November 6.