I can’t believe this actually happened LOL

  • duderium [he/him]
    ·
    2 years ago

    Please explain how much money you've made for those of us who are ignorant of these things—are you a millionaire now?

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

      I made a few grand of Tesla puts basically betting on Tesla to go down with a financial product called options. They have a strike price and an expiration date. The close u go towards or past the strike price the more money u make. However they expire worthless eventually and therefore time will eat up ur profits of u don’t sell.

      • Phew [any, comrade/them]
        ·
        2 years ago

        #𝟣𝟪 - 𝐼𝒻 𝓎𝑜𝓊 𝓀𝑒𝑒𝓅 𝑔𝒶𝓂𝒷𝓁𝒾𝓃𝑔 𝓎𝑜𝓊’𝓁𝓁 𝑒𝓋𝑒𝓃𝓉𝓊𝒶𝓁𝓁𝓎 𝓌𝒾𝓃 😎

      • LeninsRage [he/him]
        ·
        2 years ago

        So you shorted Tesla? When, right when he took ownership of Twitter?

    • Parzivus [any]
      ·
      2 years ago

      They bet that Tesla would go down and made thousands of dollars lol

  • RION [she/her]
    ·
    2 years ago

    I'm a passive investor but lord is this testing my willpower

  • ssjmarx [he/him]
    ·
    2 years ago

    It's a good thing I don't have gambling money right now, because i would 100% buy puts and Tesla would rally immediately after I did.

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

      Sorry but I do not gamble with weekly options more than a few grand LMAO. I only have like 10000 anyways can’t risk it all sorry to dissapoint u xD

  • kingspooky [he/him, they/them]
    ·
    2 years ago

    I wish I understood how anything like this worked, being less broke would be nice 😅 but if I understand correctly it's basically gambling right?

      • kingspooky [he/him, they/them]
        ·
        2 years ago

        One day I should probably ask some comrades here to explain how to make any $ that way. I'm just wary b/c A ) it seems people usually lose money and B ) I have dyscalculia so anything overly numbers heavy usually goes poorly for me

  • Parzivus [any]
    ·
    2 years ago

    Allegedly, Tesla is dropping so far that the big money firms are starting to sell. I probably wouldn't have the stones to hold longer but who knows