Tesla shares are up more than 6 percent since Monday, but as the storm continues to brew around the company, one trader is betting the stock won't be able to weather.
It's been a wild week for Tesla as CEO Elon Musk finds himself at the center of a confluence of headlines.
Shares of the electric automaker are up more than 6 percent since Monday, but as the storm continues to brew around Tesla, one trader is betting the stock won't be able to weather it. "One of the trades that I would point out was a purchase of the 290-puts in March. We saw somebody paying about $5 for those. That would obviously be a bet that [the stock] is going to fall below that strike by at least the $5 that they paid," Khouw added.
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