Dan Nathan Shares His Thoughts On Tesla Ahead Of Earnings

Dan Nathan spoke on CNBC's Options Action about Tesla Motors Inc TSLA. He said the company is reporting earnings on Wednesday and the options market is reporting a 6 percent move. It usually moves on earnings 5.75 percent.

He showed a chart of Tesla and he explained that the company is trading in a well defined down trend, although it looks like it has found some support lately. Nathan added that the stock has to hold $200 until the release of some updates on Model 3.