It's a gamble. Doug Kass says he's short for whatever that's worth. I'm in with the following positions: Long 100 TSLA at $195.52 Long 1 Feb 21, 190 PUT at $9.25 Short 1 Feb 21, 220 CALL at $3.32 TT
TSLA at $196.25 Bought 1 contract Feb22 160.00 Put at $1.04 EDIT: Lots of volume (3,787) on those puts.
That's basically a lotto ticket but at least you can claim the losses on your taxes unlike actual lotto tickets. TT
Trade's over. Here's how it shook out: Closed the positions this morning. Closed 100 TSLA at $213.10 Profit: $1,757 Closed 1 Feb 21 190 PUT at $0.22 Loss: -$905 Closed 1 Feb 21 220 at $2.50 Profit: $81. Profit: $933. Even though this came out profitable I consider it a bad trade because the risk/reward wasn't quite correct. Selling the call was the mistake. I wanted to capture some of the implied volatility loss that happens after earnings. However that prevented me from selling the shares after hours at a higher price. TT
TSLA fully diluted is ~147mm shares. $31 billion with 210 stock. That however may be a bargain considering what Zuck & co. paid for a 50 employee company that has zero revenue.