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u/haterake 25d ago
Did you even say thank you to Elon?
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u/s1n0d3utscht3k 25d ago
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u/celestisdiabolus 25d ago
the CBOE should allow mutual combat between me and whoever was on the other end of my trade when I end up losing
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u/Kvlt45_CS 25d ago
Interesting...
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u/paladeeen 25d ago
!!!
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u/ToasterBathTester 25d ago
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u/gomezer1180 25d ago
Ooohhh yeaaahhh hit that sell button. You know you want to hit that sell button.
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u/EkruGold 25d ago
Maybe not a 'thank you', but I'm sure there's a different gesture Elon would be more appreciative of.
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u/stonememoriesBE 25d ago
I also made 600$ with shorting TSLA, we are like brothers.
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u/Rip-tire21 25d ago
I've made $880 from TSLA, what's up my fellow regarded brother
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u/powdered_donuts2019 25d ago
Damn, beat me by $80 and it’s my 3rd day shorting stocks. Congrats on the nice gains
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u/Rip-tire21 25d ago
3rd day?! Damn I have to say that your $600 is even more impressive. Hopefully we go even higher tmrw and till the 14th (my contract expires)
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u/chocky_chip_pancakes 24d ago
Honest question: how do you short? I’ve been hearing this forever but don’t truly understand how one can make money on value loss? Like don’t you need to own the stock to trade it? And if you own it, you buy it, and if it’s lower then you lose money.
Genuine question but a high regarded and artistic person.
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u/AppreciatingSadness 24d ago
Exchanges often let you speculate with leverage on price changes without ever owning the stock.
You can open long (buy) or short (sell) positions. And when you close it you do the opposite of what you originally did. You provide a margin which is your cash to cover losses because the exchange is obviously not going to do that for you.
So say a stock is worth 100 dollars. You open a short position and sell the stock for 100 dollars.
Stock drops to 90 dollars. You close the position with a buy and buy it back for 90 dollars.
You pocket 10 dollars.
It's slightly more complex as you are borrowing money when you do this so each exchange has its fees and such which affect your 10 dollars profit. There's also spread which means that the cost of opening a position is slightly different based on whether it's a short or buy so you need there to be a significant spike in price before you realise a profit. This is all how the exchange makes money from you doing it.
In reality the vast majority of retail traders lose money this way and if you're asking for an explanation on how it works you'd probably lose money too.
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u/SuperNewk 25d ago
This is madness
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u/No_Song_4486 25d ago
Economists and speculators have been crying about the valuation crisis in the market for years. I was a gay bear for a while but couldn't weather out the bull market. Kudos to my gay bear bros that stuck it out, they deserve this win.
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u/_BreakingGood_ 25d ago
I simply switched from being a bull to a bear right when the orange guy signed 200+ executive orders on day one, was pretty clear turning point
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u/shinku443 25d ago
Wish I wasn't a greedy fuck. I figured he'd pump market to say see I made the highest stonk gains ever. My NVDa leaps went from 100% up to 15% up just to save some long term cap gains taxes ...now it's not even worth it and I've learned my lesson. Even with leaps just fucking take the profits lmao
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u/koreajd 25d ago
I’m with you.. I have nvda leaps and Amzn, Googl, appl till 2026-27. All down or profits wiped
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u/SignificantDot5302 25d ago
I have no idea what you guys are talking about
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u/RagerSupreme2 25d ago
Believe it or not, I was you about six months ago. But stick it out and you might learn somethin
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u/shinku443 25d ago
I bought it last year so mine expire in June. Just fucking sucks
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u/CapitalElk1169 JNUG was the gateway drug... 25d ago
I thought the momentum was gonna last 90 days so I held off. I do think it's gonna get much worse though.
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u/tt12345x 25d ago
Genuinely unsure what else they’d be doing differently if the goal was to explicitly crash the economy
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u/555-Rally 25d ago
Oh I can think of a few, not going to give them any more ideas.
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u/NightOfTheLivingHam 25d ago
> administration run by people who benefit from tearing down companies and selling the assets and shorting stocks..
yeah
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u/docarwell 25d ago
I don't understand how anyone is confused by things being red, shit is easy money
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u/Void_Speaker 25d ago
Most people are stuck in their ways of thinking and have a hard time imagining people doing shit they find ass backwards.
Like, if you walk by a dog turd, and some dude picks it up and says "I'm going to eat this dog turd." You won't actually believe he will do it, until you see it done.
Even then many will think "it's a prank, right? that's chocolate. No one would actually eat dog shit."
It only truly sinks in for all when he breathes in your face and you smell the dog shit.
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u/space-panda-lambda 25d ago
On top of that, the stock is just now sinking to the level it was at on election day, before all the damage to the brand since.
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u/ric2b 25d ago
It's over 10% down from election day already. Back to October prices.
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u/basilisk256 25d ago
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u/KingDjtar Ejaculating Gains 💦 25d ago
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u/Bean_Boozled 25d ago
I'll gladly take that 90k since it's basically already paid for and more, seems like you won't need it anymore
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u/Ok-Gur8743 25d ago
Fuck, just give me $9 plz
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u/redditmodsRrussians 25d ago
Did you cash out?
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u/dondeismycasa 25d ago
I did not
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u/NyCWalker76 25d ago
Why not? Secure profits and re-enter. Maybe tomorrow the market will rally and cause all these puts to lose value.
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u/LostInThePurp 25d ago
You could say that about any trade. And look around, what gives you any indication of a rally? gen pop is getting scared
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u/NyCWalker76 25d ago
Tesla $200 puts expiring this week should be easy money, too easy.
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u/LostInThePurp 25d ago
I loaded up on MSTR puts last week, and again today for 3/21
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u/TurielD 🦍 25d ago
Too easy indeed. TSLA can kangaroo out of nowhere. Still, the momentum is devasating right now... I'm keeping my mar21 puts.
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u/Qbr12 25d ago
You could say that about any trade.
Which is why one should rebalance their portfolio after a big swing. If you make a million dollars, then rebalance 10% of that into bonds before everything tanks, you still walk away with 100k.
But this isn't an investing sub, it's a loss porn generator. So let it ride!
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u/Field_Sweeper 25d ago
stop being stupidly greedy, Take 75% of that out NOW. run with the rest.
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u/dondeismycasa 25d ago
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u/KingDjtar Ejaculating Gains 💦 25d ago
Please sell half. I'm begging you to secure some gains
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u/Least-Back-2666 25d ago
Nah man, this is the next deep fucking value. He's gonna be the first trillionaire while Elons out back behind a Wendy's next year.
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u/Fun-Sundae4060 25d ago
Honestly, you better. IV will drop and crush you after if one day the stock doesn’t move.
That $80 put needs to go ASAP.
But you’re on wallstreetbets, you don’t know what IV and “selling” your options are
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u/Factualx 25d ago
Lots of yapping from the dude who didn't make 500k in a morning
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u/R50cent 25d ago
That other guy hasn't made 500k if he hasn't sold yet either though lol
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u/Tha_Sly_Fox 25d ago
He wants that sweet Reddit karma from posting the gain porn, then posting the loss porn
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u/Heliosvector 25d ago
Ofcourse there's always one of these comments. Guy makes a 10 bagger and the autists in the comments "omg leave, IV gonna crush you! Also, what's IV? I just see comments about It over and over"
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u/i_love_sparkle 25d ago
Who would buy that stupid $80 put option from him? Serious question. Who buys it when it has zero chance of making money?
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u/wrecklord0 25d ago
It doesn't have 0 chance of making money. It has a very low chance of being very profitable, hence why it has some value.
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u/Seastorm14 25d ago
Something something good enough to screenshot but hey you do you bro
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u/Spare-Abrocoma-4487 25d ago
Sales are down across the world and teslas are getting vandalized. Where is this shit going to go but down.
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u/zakabog 25d ago
Wait until DOGE decides that police departments have been wasting their money on Mexican made Fords after the tariffs hike up prices, then decide that it's a better financial decision to use Cybertrucks, then it becomes a government mandate for any police department to receive federal assistance.
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u/Seastorm14 25d ago
This just in, president 🥭 gives musk government contracts to keep him spreading propaganda on X and gaining him favor like he did for the elections
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u/Roach_Coach_Bangbus 25d ago
Take it from me, if it's worthy of a screen shot then it's time to sell.
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u/joebeau99 25d ago
Why would he? Its gonna keep dropping till elon steps down
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u/itookthepuck 25d ago
Why would he? Its gonna keep dropping till elon steps down
If Elon steps down, it's over. If he were to drop dead tomorrow, this stock is dead too.
Tesla IS Elon. You remove Elon and all that nonsense valuation goes with him.
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u/akelly96 25d ago
That's also the same reason it will continue to sink. A business this politicized is absolutely toxic. It's also extremely ironic because the people most likely to no longer purchase Tesla were supposed to be the main market for electric cars. With Elon or without Tesla might be cooked for good.
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u/DieCastDontDie 25d ago
You should know that Tesla is only where it's at 6 months ago, where it was already inflated. When we reflect the current sales numbers, it should be under 100. Any bagholders are just fucked for good
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u/Klutzy_Stay_9632 25d ago
When you account for the fact that Tesla is a fractal of fraud, every layer of the onion you peel back is more repulsive than the last then $10/ share is too much.
It's an electric car company a tiny high end niche for rich pricks. Now that Musk has revealed his true colours the brand is also in trouble. I'm sure Trump will give him a pardon so it's worth it for him.
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u/Bobby_Marks3 25d ago
It's an electric car company a tiny high end niche for rich pricks.
I disagree. Teslas are tramp stamps, or wall-mounted singing fish. They are tacky, they aren't competitive products on utility, and the whole company is held up by government interventions and unicorn farts. When the stock circus finally erodes and Tesla is forced to be just another competitor in the automotive sector, they will be forced to completely change direction or else they won't survive.
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25d ago
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u/Klutzy_Stay_9632 25d ago edited 25d ago
You should buy the stock, I hear Elon Musk is a genius or something. Teach us gay bers a lesson by demonstrating your absolute commitment to sucking his dick.
I'm sure that "your prosperity is guaranteed under any scenario".
News flash: the con man doesn't give a shit about you once he's stolen your money. You're just another sucker.
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u/QwertyPolka 25d ago
I would, Elon is damn good at pumping the stock.
Sure the rally wouldn't last more than a few days, but that would fuck with my sleep.
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u/LostInThePurp 25d ago
his last few attempts at rallying have failed, the general population is becoming aware of the sales slumps, its fucked
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u/marcel-proust1 25d ago
I have said this million times. The foolishness why they make crazy bets is the same foolishness that they won't exit.
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25d ago edited 22d ago
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u/Avenger772 25d ago
Yea. I've lost on a lot of Tesla shorts and gave up. He would be on an earnings call talking bullshit and the stock would keep shooting up so I gave up on trying to understand what the fuck the market is looking for.
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u/staunch_character 25d ago
Same. Been bearish on TSLA for years but the only time I banked on puts was the maybe 1 hour after he tweeted “stock price too high imo” 🤣
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u/Ok_Satisfaction2658 25d ago
This. I've been bearish on tesla before but then it pumps for no reason. This stock is not worth gambling on ever in my opinion.
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25d ago
When did you buy?
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u/dondeismycasa 25d ago
Mostly over the last few months, the 80s I've had for a while. I've lost a lot on Tesla over the years. Finally getting some back.
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u/RiteOfSavage 25d ago
Did you breakeven with this?
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u/the_pwnererXx 25d ago
he did not
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u/whyshw Doesn't know what they're doing 25d ago
Nice! You’re either set for life or you’ll lose it all like most of the regards here
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u/Zachincool Warren Buffett 25d ago
600k is set for life ?
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u/other-other-user 25d ago
Not set as in "never have to work again" but definitely set as in "never have to worry again as long as you aren't an idiot"
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u/Shitmybad 25d ago
I mean kinda, you could just buy a house outright and then work a normal job without any housing costs, that's a HUGE advantage.
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u/Bobby_Marks3 25d ago
Yes. It's a $200k downpayment on a house, and $400k that doubles roughly every 12 years at a modest interest rate. If you can hold that fort down for 25 years making minimum payments and surviving just like you would without it, you're sitting on millions in home equity and investments.
So for someone under the age of 40, yeah it's definitely a life-changing amount of money.
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25d ago edited 13d ago
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u/Original_Two9716 25d ago
I'm still learning. So buying deeply OTM puts and quickly cashing the increase?
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u/Same_River_2760 25d ago
Ah, so do you focus on buying deep OTM puts and taking quick profits when volatility spikes? That’s a solid way to capitalize on sharp moves, especially with how fast this market is shifting.
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u/Original_Two9716 25d ago
On the other hand, many tickers like $TSLA at crazy high IV already.
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u/zuggles 25d ago
very nice. you know, as someone who made a killing doing the opposite of this on tesla's rise... please take my advice:
- factor taxes or leave the country.
- take profits before elon fucks you.
- once you start losing, dont chase it.
i wish you the best.
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u/dondeismycasa 25d ago edited 23d ago
For those saying good enough to screenshot, please go back and comment that here as well when the price was $290: https://www.reddit.com/r/wallstreetbets/comments/1iztjfn/calling_all_recently_separated_fianc%C3%A9es_94k_to/
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u/dbreidsbmw 25d ago
This linked post was actually what inspired me to buy Tesla puts too. +145% on 270p for April 25th. Earnings is the 23rd. Hope it's a blood bath for them.
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u/ayashifx55 25d ago
gotta love how OP shows hes making good gains and then you got some advisors telling him what to do. Dude is here not because of you clowns recommendations.
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u/reddituserzerosix needs more fiber 25d ago
Goddamn congrats and fuck you
"good enough to screenshot..."
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u/SevexMx 25d ago
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u/TyrellCo 25d ago
I did. Seems like the mods are censoring me https://www.reddit.com/r/wallstreetbets/s/d5gSTMQno4
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u/Honestyonly22 25d ago
Extremely well played. This reminds me of 2007-2009, I’d get in the office and buy PUTS on a bank ETF and QQQ and close positions at close, made money 3-4 days a week
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u/slayerzerg 25d ago
Easiest play I’ve ever made was puts on Tesla recently. I’ve net lost big in past years but today made up for all of it and then some.
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u/CaptainDouchington 25d ago
The signs have been clear.
I just do not have the confidence to fuck with Puts or Calls. Cause I watch this sub and know how quickly that shit can go NOT well hahahahahaha
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u/--__--_____--__-- 25d ago
I told couple of days ago that people should short tesla for sure and here is an example of how to make quick buck. I mean tesla is going down lower than my balls during a hot summer day and I am glad people making tons of money from shorting this fucktards company to oblivion.
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u/BaguetteSchmaguette 25d ago
Yes those are strike prices
The 6/20 80p were pretty outlandish but no so crazy now
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u/Messias04 25d ago
What do you expect tesla should fall to before you sell your puts?
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u/bmeisler 25d ago
Nice work, but I'd dump the 4/17 200 and the 6/20 80 ASAP. Take some profits my man! I mean, Mango could announce tomorrow the government is buying 2,000,000 Teslas or whatever insanity.
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u/Lingweenie2 25d ago
Damn man. Nice shit. I’d consider closing out soon. I think Tesla is a stinky pile of shit. But it’s starting to get oversold now. Could have a relief rally of sorts soon. Don’t get too greedy!
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u/TonyCatherine 25d ago
I just sold my tesla stock that I bought in 2015, make 33k. Not a trader, I just bought em and waited. Wish I'd sold in October when I originally decided to.
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u/dondeismycasa 25d ago
Nice work. I think you'll look back on it and be happy you locked in the gains when you did. Impossible to sell at the top after the parabolic move.
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u/TonyCatherine 25d ago
Knowing my luck itll turn right around and shoot back up but cest la vie, I will never invest in another elon company. Hes too volatile.
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u/VisualMod GPT-REEEE 25d ago
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