Tesla Stock Volatile with $14 Rise, $10 Pop and Drop, and Intraday Decline

Tesla's stock experienced significant volatility today, with the price rising by $14 per share from this morning's lows. However, millions worth of call sell orders hit the tape, leading to a decline in the stock price intraday. The stock did a traditional $10 pop and $10 drop today. Traders engaged in various strategies, with one buying 2,500 shares at $251 and later selling them at $253 for a $5,000 profit. Another trader added July 230 puts against a September spread at $2.15, indicating some downside hedging.