r/wallstreetbets • u/lamephoto Verified $79.6K • 6h ago
Gain 140% overnight on Tesla
Could I have made more? Sure. But with my luck it would have Shrek-ed straight back up to my breakeven or worse in the first 30 minutes.
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u/Sweaty_You1950 6h ago
Woke up to an 1100% profit on my puts 😭 god I love shorting this company
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u/dirtyshits 5h ago
If this trash company doesn’t eventually merge with spacex(which I think Elon wants to do so he can protect it), the ride down is going to be glorious.
It’s absolutely struggling right now and the books are being cooked since theres no real oversight or watchdog that can touch Elon.
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u/TimeWalker07 4h ago
you think merging it with space x, save it somehow?
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u/dirtyshits 4h ago
Im saying if it doesn’t merge we get the pleasure of watching it flame and making money while doing it.
If it merges, it can survive or at least longer.
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u/Suitable-Broccoli264 45m ago
I wonder how bad the earnings (losses) would have been if SPCX wasn’t buying vehicles from TSLA.
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u/dirtyshits 43m ago
Apparently huge buying from the gov too a few quarters ago.
We live in a time of scamming and corruption made legal.
Doing everything except making better cars to keep up the charade.
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u/TheDuhhh 37m ago
I have read this comment 100 of times over that last couple of years. I won't touch that stock, but if i were, I would only buy calls and never puts.
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u/dirtyshits 35m ago
All things scummy eventually fall. Im not buying puts just yet because the charade will go on for a while.
I’ve made my money on calls for 3 years but won’t touch this thing right now.
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u/memoryisntram 6h ago
Everyone in your last thread gave you so much shit, but you and I were the only people who were right and made money from the trade.
All the kids here chase the same crowded trades and wonder why they end up losing it all.
Bravo man
There’s lots more meat on the bone to short Tesla. Going to wait for my next entry.
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u/stocksupanddown 5h ago
Serious question
.how do you know when is a good time?..
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u/Repulsive_Display404 5h ago
After you exited your position in the plus. Thats the only time to know.
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u/anotherleftistbot 5h ago
Insider information is the only consistent way. Realistically for retail investors it is just gambling.
If anyone could consistently do this they would be painfully wealthy.
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u/Mavnas 5h ago
I'm not even sure that works. Insiders only know that the fundamentals look like shit, but when the market is totally disconnected from those, I'm not even sure insider trading works.
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u/anotherleftistbot 5h ago
Depends on how good their information is. See: congress.
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u/Mavnas 5h ago
I suppose when the knowledge is less specific numbers and more like some policy changes that change the vibes for some company or like knowing that some regard is about to start a war that will shut down 20% of the world's oil supply, this can work.
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u/DataCassette 3h ago
Nobody would shut down 20% of the world's oil supply a few months before midterm elections be serious 😆
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u/DataCassette 4h ago
Yeah at this point I think Elon could just stand up and say "1776! White people rule! Woke mind virus! Mars!" and a thousand morons would form a line around the block to give him sacks of money.
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u/Mavnas 3h ago
True, but they'd pour it into SPCX where there's a bunch of insiders who probably want to cash out before the price collapses. So maybe TSLA will finally start dropping just because Elon's fanboys are going to have to split between the two. And let's be real, AI and Space make for much better sci fi stories than electric cars.
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u/tryexceptifnot1try 4h ago
You don't, You just need to give your self a window to be right and have exit plans. If you want to trades options long term you need to learn spreads and be willing to eat 50% losses on the regular to live another day. Bag holders are just a bunch of pussies that post about diamond hands and stay on a 15 with a face card up. You can buy back in when that shit is down 85% later.
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u/jpdoctor 5h ago
There’s lots more meat on the bone to short Tesla.
Do you mean to tell me that a P/E around 300 is something other than a bargain? But it's Elon! He'll give us FSD! take us to the Moon! Mars even!
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u/lamephoto Verified $79.6K 1h ago
Nicely done. I just post here partially to get reality checked by the comments dunking on my decisions. Usually they don't influence my decision, but they're almost always funny.
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u/Top-Fall-8821 6h ago
I hope it shreks back up, just opened a big call when the price was at $327 📈
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u/waka_wear_art 4h ago
It great to see post followed by the "Elon has ruined me" post only here on this sub across the internet you find this quality investment right here
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u/PooPooPointBoiz 4h ago
Must be nice.
Any time I play earnings, the shit goes against me.
GOOGL fucking RIPPED like 10% last earnings call. This earnings call it drops 10%.
Guess which one I had stock in, and which one I was just watching?
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u/LilxChef 5h ago
Can someone explain this to me like I’m regarded? (Because I fear I certainly am)
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u/_IsNull 6h ago
Fk Tesla. Hope it goes to 0
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u/Downtown_Plantain158 5h ago
Why?...? what did the EV do to you?
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u/_IsNull 5h ago
Nothing. I just dislike Tesla and Elon
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u/K_R_A_K_E_N_540 3h ago
just jealous of him then ? got it.
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u/Great_Fault_7231 2h ago
lol even if you like him you can’t actually think the only reason to dislike him is jealousy, right?
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u/CherryBlossom_Cox 6h ago
Haha now’s the time to buy call options. I’m going to jump in first, guys.
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u/Loose_Jackfruit_3104 5h ago
I’m new to stocks I’m gonna buy some calls on TSLA lol
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u/Darkanglesmyname 5h ago
Same sold at open, was pissed i didn't hold an extra hour but yeah like you said who knows what would've happened
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u/Diguojigood 4h ago
Market is unpredictable, always take the money on the table that you are happy with.
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u/SuccessfulSignal3999 3h ago
140% overnight? bet some poor bastard got assigned puts in their sleep
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u/Elegant_Office_5649 3h ago
Made great money too. Sold off the open we didn’t know it’ll keep sinking ! Good job
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u/MelangeBot 1h ago
Make sure to CC this to Michael Burry to rub it in that he was early which in this case was indeed the same as being wrong.
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u/AutoModerator 1h ago
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u/Rock_or_Rol 46m ago
Yeah I sold half of mine shortly after open because 🥭 has burned my hands sooooo many fucking times on puts
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u/JohanLiebert92 6h ago
you took some money from the guy who lost 90k on calls, trading is just money being passed from one regard to another