On CNBC's Options Action, Mike Khouw spoke about a bullish options activity in Tesla Motors Inc TSLA on a day when call options trading volume was two times higher than the average daily call options volume.
He noticed there was a large trade in weekly options on Thursday. A trader bought the April 1, weekly 235/250 call spread for $2. The trade breaks even at $237 or 4 percent higher from the closing price on Thursday. If the stock rallies 10 percent until the April 1 expiration, the trade is going to reach its maximal profit of $13.
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