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...
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u/redditmodsRrussians 26d ago
Did you cash out?