$TSLA

242.5

 

Converted to a synthetic short straddle in three durations. May17 250 synthetic straddle from 30.6.

 

Straddle marked to 23.5 (call synthetic). I'll be a buyer of 230/270 wings <8.

 

This might just melt up....biggly 247 in pre

 

Tesla files to offer $650M worth of shares and $1.35B worth of convertible senior notes in separate offerings running concurrently.

https://seekingalpha.com/news/3457920-tesla-plus-5-percent-filing-raise-2b

 

Being green today, is that just dumb money outdoing smart money on these news?

Or smart money betting that people will be dumb enough to buy Tesla's debt?

 

Or smart money pushing price up to go short at better price...

 

It was bullish news. At least they didn't go bankrupt...

 

Dumb. It should have been 100% in the common. Dilute it.

 

And the bond rating will be???