if it came to pass 420 could be the first offer as the vulture lawyers would likely object to the buyout offer as being too little. in any case, who knows the likely outcome? ans. maybe musk.
Well, no one seems to have thought to mention this...but as options traders we must consider even outlandish outcomes. A viable path to earnings supporting a valuation of $420 per share (or even $350 would be enough to jeopardize taking it private...and your trade). Who knows? Maybe that Tesla they shot off in a SpaceX rocket drives back to earth and delivers the technology to hit production targets and scale operations. Admittedly, a 70% annualized return does look pretty good in light of this particular scenario playing out.
Apparently this SA author had the same idea: https://seekingalpha.com/article/41...lling-hats-much-simpler-easier-selling-dreams "Disclosure:I am/we are short TSLA 01/17/2020 420.00 CALL."