'lanert nice, wel sw ion air when "options action" returns. ♪ ♪ ♪ ♪ ♪ ♪ >>> welcome back to "optionsk out shares of tesla. they are moving lower in the after hours as the company zooms into the s&p 500 with a market cap of roughly $632 billion. tesla is now the sixth largest company in the entire index, and mike says it's time to pump the brakes on this high-flying ev stock. he's here with his call to, a. mike >> you know, this is an interesting situation, tesla, isn't it i mean, basically you could kind of think of tesla as the most popular but arguably the rowdiest party guest as it enters the s&p right here. we're measuring popularity by its multiple if you compare the multiple missing trading 20 times sale and it's had an epic run particularly extraordinary given the business they are in if you think of an auto or industrial type of company, consumer discretionary company, extraordinary multiples and this is a stock that right now despite the very high valuations this is also a very volatile stock as well. if you compare the volatility of tesla to all of the other top ten names i