Tesla Inc.'s shares surged to a two-month high, reaching above $300 for the first time since March 3. The stock rose as much as 7.2% during the trading day, marking its highest level since February 26. A savvy trader scored an 11% gain on Tesla $300 calls, turning a $6.124M investment into a $663K profit in one day as shares rose to $284.82. The increase in Tesla's stock price was accompanied by significant activity in the options market, with the put/call ratio at 0.68 indicating a bullish sentiment. The options volume for Tesla shares tripled the daily average, with shares surging 5.35% to $300.06. Implied volatility suggested an expected daily move of $11.78. June 6th $300 calls saw profits from 19.50 to 22, and the stock hit a target of 307.5 as AVWAP off its highs. This performance positions Tesla less than $50 billion away from rejoining the $1 trillion market cap club, reflecting strong investor confidence in the electric vehicle manufacturer. The net options delta for Tesla was reported at +5M shares.