HEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHE. 113.26 as we speak down from 123 this morning

  • happybadger [he/him]
    ·
    2 years ago

    I've considered shorting Tesla but it's such an irrational stock that it's hard to gauge where the breaking point for his cult will be. I can clearly see its material contradictions and how those will undermine it. Musk counters that through announcing that he's building a magic car that sucks your dick. People buy based on that instead of being sceptical of the failure points, and there's nothing stopping Musk from making an even more outlandish announcement the next day.

    • Sbebg [none/use name]
      ·
      2 years ago

      Puts can’t lose u infinite money. Puts are safer lol u can only lose what u put in unless it’s on margin

      • zifnab25 [he/him, any]
        ·
        2 years ago

        Buying Puts/Calls can't cost you infinite money. Selling them can.

        So you're normally paying a risk premium on options. In this particular moment, its lucrative. But - much like with any gambling house - buying options is very easily a losing game long term.

        • Sbebg [none/use name]
          ·
          2 years ago

          I have learned to only buy options when something dumb is happening. Which is rare. Like how I shorty crypto when something dumb is happening as well. The key is to only trade a few times a year off of cataclysmic events like Luna or usdn depegging or elon musk going insane on Twitter