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Reuters
Twitter options trades ahead of Musk disclosure raise analysts’ eyebrows
Some well-timed trades in the options on Twitter Inc, in the days before Tesla Inc’s top boss Elon Musk revealed a large stake in the social media company, are raising eyebrows among options analysts. On Monday, Musk revealed a 9.2% stake in Twitter, making him the biggest shareholder in the company, and triggering a 26% rise in Twitter’s shares to over $49. The news follows a flurry of bullish trading in Twitter’s options in recent days, including in call options betting on Twitter shares rising above $43 by April 29, or up more than 10%, which traded in noticeably large numbers.
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