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Bulls creep back in to Tesla options after stock selloff

Tesla’s shares fell 16% through Tuesday this week after Chief Executive Elon Musk took to Twitter over the weekend to ask his followers if he should sell 10% of his stake in the company as Washington proposes to hike taxes for the super-wealthy. Shares were recently up 3.6% on the day at $1,060.75, after dropping earlier in the session and briefly putting Tesla’s market value below $1 trillion. Record buying of short-term bullish call options on Tesla in past weeks has helped fuel the stock’s recent swings, including a sharp rally in October that vaulted Tesla’s valuation above $1 trillion, analysts said.

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