So basically there are these things called 0dte options which expire worthless on the same day u buy them. Last Thursday my 0dte options went up 1000% in value when Tesla dropped by 10 percent LMAO. Basically its free money at this point to buy tesla puts that expire a week out from now or a month from now at open(9:30 no later not even 9:31). Teslas largest manufacturing plant just closed indefinetly and it was announced Saturday. So it’s literally free money to buy weekly’s puts around 100 strike price. Tesla the company is done for and this is one of the very few opportunities to make dhit loads of money with little risk I shorted Luna and made thousands during the crash. I also shorted usdn and made thousands of that as well. I’m basically a career hater investor and it’s worked out well. If enough people do this elon is literally going to go bankrupt in the coming weeks. Then he will be gone from twitter. I will post my positions Tuesday. Doubling down on my monthly’s on Tuesday at open. Wish me luck. I am doing this for the benefit of society as well as to get to be a neet and never work again:D. If you follow my advice for the love of Christman sell when ur 300% up. That’s my price target atm then I’m gone
Edit: btw don’t panic sell if it goes up. Friday it shot up from 122 to 128 in 5 minutes and my puts lost 70% of their value just like that. And then 10 minutes later it was back down to 122. Don’t sell for a loss. If you go to insiderviz.com u can see the mass exodus of Tesla insiders dumping their shares. Any upwards movement is a scam wick designed to trap the stupid Tesla bulls. Don’t paper hand. Hold it and you will be greatly rewarded. Ofc sell somewhere between 300%-1000% gains. Past that is just pure greed. The dead cat bounce is very possible at these levels. However if you buy monthly’s this is completely avoided and you destroy elon as long as you don’t paper hand.
Isn't the IV on these options absurdly high at this point?
Depends on ur perspective. They just lost their largest manufacturing plant in the world indefinetly lol on Saturday. The stock is yet to react to this. Elon can’t even manipulate the price anymore with his stupid words it just gets eaten up. Look at thursday aftermarket when he spoke on it tried to pump the price and failed. There’s much bad news to come after this monumentally bad news that just dropped that hasn’t been responded to yet. Weekly’s I agree dangerous. But monthly’s or expiration a couple months ago are going to print money. IF you believe the worst of the news has already happened sure. IV crush high. If you believe the worst is yet to come, I mean look at how they just closed down their largest plant and reduced prices 7500 dollars in desperation, and think things will get worse from here news wise. IV crush actually relatively low to the potential future catastrophic news.
Maybe. Its never a sure thing. I remember buying some puts on Nikola and it took way too long for the market to finally let that one die.
Of course it’s not. It’s just a good risk I’m willing to take. Look at the hedge fund that got liquidated shorting Luna on a scam wick with too high leverage. Anything bad can happen. I just view this as a great opportunity and I’m totally fine with losing my investment in it ultimately. F to ur nikola puts. I lost a lot of money shorting sol for a while too even tho it’s a clear scam lmao