patrick.net

Patrick says

Hircus says

I'm getting antsy to short TSLA.... its at 1715 today. Holy shit, look at that 1yr

How about buying puts instead of shorting? Then your downside is limited to what you buy them at, but the upside is the same.

I tripled my money on TSLA and got out because I thought it was overvalued, then it freaking quadrupled. I really don't understand it, but shouldn't complain.

I made some money on TSLA puts after the "funding secured" $420 tweet. The basic problem is that the puts are very expensive — put writers know there's a reasonable danger of a crash. If a $400 strike costs you $100, the company needs to go down to $300 before you even just recoup the purchase price. To justify the risk of expiring worthless, you want to believe the company will go to $100 or $200 in short order.

mell says

Dholliday126 says

You can't time assets, you just need to be in them. Unless you like getting fucked by inflation...

Depends, for the regular side/hobby trader that is likely true. However if you're willing to invest most of the full 10 hours (incl. AH) into the market action (since everyone is WFH anyways) or you can automate certain patterns then you can make a lot of money every day, esp. in a volatile market as right now. In the past weeks there have been numerous days where one could turn a few k loss into a few k green for select stocks within minutes. I expect volatility to continue or even grow in the current climate.

I pay a money guy, I don't have the time nor discipline to do it myself.

SunnyvaleCA says

If a $400 strike costs you $100, the company needs to go down to $300 before you even just recoup the purchase price.

True. Options is a tough game played by smart people, but at least the downside is capped. When you short, you can really get taken to the cleaners.