I personally think the shareholder vote isn’t going Elon’s way, I also saw hundreds of new Model 3 and Y vehicles in a lot near my house because Tesla can’t seem to sell them.
I think the stock is going below $150 in the next 2 months and want to buy Puts…I’m just wondering about IV crush and any other potential issues I may not be calculating properly.
I know it’s wise to never bet against TSLA, but I think they’re an automotive company and all the FSD, Robotaxi, AI elements are going to be a bust.
Talk me in / out of doing this and what the best timeframe is to purchase Puts for $150 price.
Tips for Purchasing Tesla Puts $150
byu/one-response-89 inoptions
Posted by one-response-89
12 Comments
Lol
I can’t think of anything that would cause an IV “crush”. If the vote is in the next two weeks it’ll drop but probably not significantly (I’m not going to double check actual prices and IV right now). But you could also do a debit spread from ATM to 150 for the July expiration.
My generic answer is – Bear put spread. Long 175P, short 150P for July 19th. Close when it hits 150
Go to OptionStrat.com and play around with the sliders to find the risk/reward you like best
ETA idk when the shareholder vote is, but TSLA has earnings on July 17th. So if you use the July 19th expiration, that’s good for your spread up until July 17th, IV will work in your favor, and then you’ll have IV crush after earnings so that’s bad for your spread after July 17th
Do you plan on straddling the shareholder’s meeting? If so as long as you are aware you left the investing room and went into the gambling room I see no problem with that. Bet as much as you are willing to lose.
I’m a shareholder I voted yes! He’s done an excellent job. Will vote yes as many times as necessary, may even increase my position just to vote again!
Odd.. we have 20 deliveries per week over here.
The cars are made to order. What you’re seeing are already purchased cars pending delivery.
The vote about his bonus? If he loses id imagine the market would take that as bullish…
They’ve been laying people off pretty aggressively lately. Meta was doing the same thing in ’22 and now look at the stock price. I hear your concerns but they be stockpiling cash with all these layoffs and the market loves liquidity. Perhaps raise your strike price up a bit to make it a more realistic outcome and play it like a lotto ticket if you must.
Don’t
That’s funny can’t seem to sell them. In the last week three of my family members shave bought 3.
Betting against TSLA and Elon is a great, time-proven way of going broke quickly!