Notable profits for the buyer who lifted the $8.20 offer for 1,985 Tesla (TSLA) 12/22 weekly 240 puts yesterday at 12:59ET when underlying shares were trading at $241.44. Shares closed at $238.72, and the puts at $9.42 for a mark-to-market profit of 15%, or $243K, on the $1628K outlay.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TSLA:
- Tesla’s (NASDAQ:TSLA) Labor Woes Escalate as Danish Union Joins Strike
- Tesla labor dispute in Sweden spreads to Denmark, FT says
- Tesla faces class action suit over insurance, Electrek says
- ‘Valuation Is Unattractive,’ Says Goldman Sachs About Tesla Stock
- Tesla losing half of $7,500 tax credit on two Model 3s, Electrek reports