The recent price surge is primarily driven by election results. Both are strong personalities and there is a potential for falling out sometime. Even otherwise, TSLA has seen many drawdown and rallies because of its mercurial CEO.
So I bought Jan 26 $200 Put and sold $180 Put for 3.85. In total I bought 10 contracts, so either I lose 3850, or I make 20,000. Of course I am not going to hold this till maturity, rather close on TSLA stock weakness and take profits.