Tesla call options soar on Musk tweet, short-sellers hit

Some nimble traders in Tesla Inc’s options made massive paper profits on Tuesday, while short-sellers were hit with about $1.3 billion in paper losses after Tesla Chief Executive Elon Musk tweeted he was considering taking the company private at $420 a share.


Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>