The better mood this week isn’t only reflected in the stock price. It is also expressed in put and call stock options activity.

All hope isn't lost, though. There's another option out there. Meet the supercharged auto stock that's a better buy than Tesla: Ferrari ( RACE -0.50%). There's no denying that ongoing trade wars add a lot of uncertainty for automakers. However, Ferrari continues to drive in the fast lane. Its latest financial results prove this.

U.S. tariffs on Chinese goods were reduced to 30% for a period of 90 days, while Chinese tariffs on U.S. goods were lowered from 125% to 10%.