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Options bet Tesla earnings report add $75 billion to market cap

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Tesla speeds into Wednesday afternoon’s earnings report having added more than $142 billion to its market cap since it last reported on April 29.

Some options traders are betting that the electric automaker can add another $75 billion to that number by the end of this week.

The stock price has doubled during that period, and has soared by nearly 275% in 2020. Tesla would have to bounce another 25% out of earnings to complete that market cap move by Friday, but options traders are more than willing to bet that Elon Musk’s company is more than capable of doing exactly that.

“We saw call volume outpace put volume today by [a ratio of] about 2 to 1. Most of that was very short-dated. Right now,…



Source cnbc.com

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