Tesla Shares Surge 4.5% to $226 in Pre-Market Trading, Short Sellers Struggle with $285 Calls

Tesla ($TSLA) shares have surged by 4.5% in pre-market trading, leading to significant activity in the options market. A notable transaction included the purchase of $3.5 million worth of Tesla November $285 calls. The stock's rise to $226 has caused difficulties for short sellers, with some accounts reportedly 'blowing up.' Despite the upward trend, there are still predictions that Tesla's stock could fluctuate, with some covered calls expiring this Friday at $220 being impacted. The 231 weekly MA200 level is also being closely watched. Overall, the sentiment around Tesla remains bullish, with expectations of continued upward movement.