Bought a bunch of 0 DTE Tesla puts right before the Reuters hit piece on Tesla
Posted: Apr 06, 2024
- Reddit user purchased 100 put options (167.5P) for Tesla - Contracts were initially purchased for $3.5k and then rose in value to $70k within one hour - Strategy was based on Tesla's recent performance and predicted a red day on Friday - Planned to sell when Tesla reached 164 for a 10x return - Sold only 10 minutes after opening position for a loss of $500 - User admits to being a "paper handed bitch" and losing conviction in their own plays
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!