Bought Tesla Option

There is a lot of talk about how high Tesla (TSLA) can go. I decided to buy a long term option. I bought 1 TSLA 12/18/20 $500 Call for a premium of $388.

Buy to Open 1 TSLA 12/18/20 $1500 C @ $388.00

TSLA has been very volatile so I wouldn’t be surprised if I’m out of this position today. If this premium goes up $20 it would be $2000 in my pocket. I’m looking to sell this Call at $408.00. As I write the premium is already up $10.