Notable profits for the buyer who lifted the $5.50 offer for 1,213 Tesla (TSLA) 11/29 weekly 350 puts yesterday at 09:46ET when underlying shares were trading at $357.11. Shares closed at $338.59, and the puts at $13.78 for a mark-to-market profit of 150%, or $1004K, on the $667K outlay.
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Read More on TSLA:
- QQQ ETF Update, 11/26/2024
- Tesla Stock Falls 4% on News of Exclusion from California EV Tax Rebates
- Musk says California plan that would exclude Tesla from EV credits ‘insane’
- Europe EV battery maker Northvolt files for bankruptcy protection, Reuters says
- California to restart ZEV rebate if federal credit eliminated, may exclude Tesla
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