Welp, that didn't age well lol. I sold my TSLA PUTS today at $238 and thought I was a genius, now I'm kicking myself and it's too expensive to get back in on the PUTS. Not sure how to play this, but I'm fairly certain this company will be at $150 by this summer.
Ugh that's the worst. I could have triple my earnings if I held for another hour lol. Never expected it to fall this much. now I'm considering CALLS for the week
I told a finance buddy of mine who likes the company that it'd be $175 by June (this was last week.) Now I think there's a possibility for that # in April. He thought I was crazy.
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!
Bruh why take the risk? 600k is life changing money. He can take that and invest it in something much safer. And use the 9k to gamble some more. The market is not rational. He needs to take advantage of being lucky enough to predict the irrationality this time and get the fuck out.
We have to see his update if he got out in time. Once he posted this, the market got mad and made Tesla go up. It would be too easy of a trade had Tesla continue to go down.
I wish him luck. I just think the reversal will be quick and out of nowhere. Why not take the 600k and play the long game? 300k to pay my house off and the other 300k for taxes.
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"
I’m not even from here lol, it’s just common sense to take into account IV on big move days. Sellers don’t want to lose money on writing options so obviously now the options are expensive. It’s now in the sellers’ favor.
For real. I believe Tesla will crash to pre-pandemic levels. If I had this guy's puts I would just hold until then. But I don't know what IV is and why it's bad for holding?
IV is the level of option premium you’re paying to the option seller. The higher the IV, the more risk is perceived by the seller and so to limit their risk, options are priced more expensively. When things settle down like they always do, risk will decrease so IV decreases. Even if your stock didn’t move, your option price craters massively because the uncertainty is now gone. Seller cashes in on the “IV crush”
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.
Elon's wealth is almost entirely made up of TSLA shares, how would he buy out the company to take it private... Oh wait... If he tanks the company maybe he could afford to do it...
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.
because hes acting as commander in chief. its perfectly within his character to do some manipulation/corrupt shit from the office level in an attempt to prop it up. gov contracts up the wazoo etc.
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
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.
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.
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.
"According to Elon".. model 3 is as cheap as a corolla stop, wait right there. "Elon says" all "legacy ICE car makers are going to be wiped off the map by the model 3".
What I experienced years ago in dot com blowouts and 2008-09 is that the best stocks of the past 5-10 yrs often turn out to be the worst of the next. The highflyers that hit some rough seas can lose 80-90% of their value. Some come back, others fade away. I figure that TSLA at 80-90% off the highs would be 50-$100. I know some huge high income people who have multi millions in TSLA stock. All in. One great story is one guy who sold out a few yrs ago near highs. Poured all the money into Cathie Wood funds. Oh well, he can handle those losses. Tens of millions worth.
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u/redditmodsRrussians 26d ago
Did you cash out?