The headline is a bit deceptive as we don't know if the trader has either a long position in the stock they are dirty hedging or a synthetic long they are trading around. SCTY $17.28 up 18 cents TSLA $205.40 up $4.98.
From ZeroHedge:
Following June's proposal, the merger of kissing-cousins TSLA and
SCTY was confirmed in early August. Since then, the market has begun to
aggressively price out