(Bloomberg) Not everyone is giving up on Elon Musk’s dream of transforming Tesla Inc. into a private company. Options to buy the automaker’s shares at above his suggested $420 take-private level were among the most heavily traded on Wednesday — and they gained in price, even as the stock dipped modestly. The volume on December calls at a $430 strike jumped by more than 7,000 percent, making it the fifth-most active put or call on the company’s shares and the only contract in the top 10 for which the price increased.
Backing Elon Musk’s Dream, Option Traders Bet on Tesla at $430
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