Isn't this a no brainer trade?

So Elon is tweeting about taking Tesla private at $420. Assuming this is true (I know, a big if) then selling vertical calls anywhere above 420 should be an obvious no brainer trade, right?

The stock price has no reason to go over 420 even in the case of short squeeze, thus selling calls above $420 should be safe. Any thoughts?

 

The Jan2019 420/430 bear spread would return 32% on capital. >70% annualized.

 

And if his next tweet comes out saying $520, then what? LOL.

 

Adjust the trade so you don’t have to take the loss. Duh!

 

halted- news pending

 

Doubt there are any genuine "no brainer" trades. (Otherwise, nobody would take the other side.) There are some "highly correlated" ones, however.

 

They probably have to verify Musk's tweet. SEC will probably investigate as market manipulation.

 

Every time I hear "four-twenty," I crack up --

how come nobody thinks this isn't one knee-slappin' hoot for ol' Elon,
engaged in a little mirth while smokin' a fattie?

I mean, c'mon.....

 

I doubt it. I'm pretty sure Musk has released plenty of information he's known to be false, including forward looking statements, and so forth. I'm actually shocked he's not been charged with something yet.

 

while smoking the shorts...