I am seeing a lot of mini-leap OTM Call Spreads offset by OTM Put Selling on the Institutional level on the Institutional Level.  An example would be a $TSLA $4

I am seeing a lot of mini-leap OTM Call Spreads offset by OTM Put Selling on the Institutional level on the Institutional Level.  An example would be a $TSLA $450/$500 CDS for 10/16 and selling the 10/16 $340 Puts - entire thing for a .35 Debit.