"What's incredible about this trade is just how much Tesla will have to rise for it to be profitable. A call option merely grants its buyer the right to buy shares of a stock at the given strike price at expiration, so if Tesla is trading below $320 in January, the entire $4.4 million position will become worthless.And for the trade to make a profit, Tesla needs to rise even higher to make up for the premium spent. That's why the break-even price on this trade is $347.05—nearly $100, or 40 percent, above where the stock is trading Wednesday (though it's worth keeping in mind that if Tesla shares rise quickly, the options position could likely be sold ahead of expiration for a profit)." CNBC Alex Rosenberg.
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