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Someone Just Put $23 Million Back on Tesla, With a Twist

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ticker lesson

Breakdown

0:04TSLA· ticker

Tesla — bullish positioning, $23.5M in calls

  • 23.5 million bought Tesla strike expired Friday
  • Tesla up 3.7% at recording
  • Calls built around Roadster event, earnings, SpaceX merger
  • Old calls expired worthless
  • Barkclay upgraded Tesla to overweight, target $450
2:06TSLA· ticker

Tesla — fresh positioning, 23.49M in April 390 calls

  • 2,150 April 27 390 calls at 11.52M premium
  • Break even 44360
  • 2,152 contracts at 11.97M premium
  • Break even 44560
  • Fresh positioning, 4,32 contracts vs 222 open interest
3:53TSLA· ticker

Tesla — expiring calls, 390 call expired worthless

  • Old October 390 call expired at 37222
  • Break even 40195
  • Tesla traded up to 39393 after hours
  • 385 call expired on October 16th
  • Break even 39336
3:54lesson

Signal vs noise in options trading

  • Fresh premium at 20x open interest suggests patience
  • Buyer paying more time value for delayed catalysts
  • Avoiding short-term catalysts like Roadster event
  • Two quarters to reach Barkclay's $450 target
  • Directional idea preserved with longer time frame

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