r/wallstreetbets • u/LifeIsYoursLiveIt • 18h ago

Loss Lost $7,200 in TSLA... in 28 minutes.

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At 10:19am I placed an order to buy 60 contracts of TSLA $240.00 Put... Was a market order and still didn't fucking place. So I canceled a couple minutes later. I would've made $20k.

At 10:47am I bought 32 contracts of TSLA $235.00 Put @ $279.00 per contract. TSLA skyrocketed ten fucking dollars right after.

At 11:17am I couldn't take it anymore and sold all 32 contracts of TSLA $235.00 Put for an average of $54.00 per contract.

-$7,200 in 28 minutes. Tesla has beaten me down in the equity in my model 3 performance, in the stock market, and now in the form of options. I hate you Tesla.

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u/dopeasdopegets 18h ago

investing in tesla just seems like such a bad idea right now. Any reason you suspect or suspected it to go up?

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u/LifeIsYoursLiveIt 17h ago

I bought puts... I anticipated it to drop.

Couple minutes after I bought it climbed $10.

Tesla is a dogshit stock. I love my Tesla, but from the stock to vehicle ownership, nothing about Tesla makes sense financially. I generally support Elon, but the dude is destroying his company because he's too caught up in being some politician in power.

Tesla is by all means fucked. I should've just bought these Puts for a couple months out and I would be fine.