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Open original source ↗Someone just bought 3,999 Tesla $430 calls expiring April 2027, paying $27.40 each.
That’s $10.96 million in premium, bought at the ask.
The calls are about 15% out of the money, and open interest was just 40 before today.
Tesla needs to rise to about $457 by expiration, roughly 22% higher, for the buyer to break even.
Tesla reports earnings next week.