Notable profits for the buyer who lifted the $2.98 offer for 1,080 Tesla (TSLA) 3/28 weekly 275 puts yesterday at 12:28ET when underlying shares were trading at $281.36. Shares closed at $273.13, and the puts at $6.04 for a mark-to-market profit of 103%, or $331K, on the $322K outlay.
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade TSLAPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- RBC Capital sees Tesla Q1 deliveries below consensus
- Tesla price target lowered to $345 from $420 at Deutsche Bank
- Elon Musk says Tesla (NASDAQ:TSLA) “Not Unscathed by Tariffs”
- Analyst Dan Ives Warns of Tesla’s “Very Soft” Q1 Deliveries amid “Brand Tornado Crisis”
- Tariffs Drive Europe’s and Japan’s Automakers Down Again