TLRY valuation today might still be more insane than TSLA

complete insanity.

8 minutes

It wasn't fun

Saudi Fund Sold Almost All of Tesla Holding Last Quarter
https://www.bloomberg.com/news/artic...cuts-tesla-13f

Welp

^^ QFT

Attempting to pick tops/bottoms in a market/stock like this is almost universally a fool's errand imho

Exactly! More red bull than vodka (hackathon Cf. party). Ironic Tesla using pytorch (developed by Facebook AI team). Musk previously trashed Zuck's knowledge of general AI...

In case you wonder who is winning in this trade...

Those random lines/ watchlist/ normal guru talk. Wow. Thank God I didn't try to short it yesterday and got this video in my feed. I would cry.

Lol, I wonder...if Instagram hoes are making trading videos is a signal for the top?

He's either a genius or a complete donkey that hit every river in the poker tournament.

How does he only have 420 contracts if his last two buys were 446 contracts total and it's a cash account (meaning he couldn't have been short calls)?

Also, how is his unrealized gain more than the total value of the options?

I'm calling fake news.

You wonder?

Oh and they literally say "buy to open" which means he can't be closing out short calls or covered calls.

The math actually works for 446 calls (with the unrealized gain/loss) so it looks like just the 420/$4.2M part is photoshopped

Apparently he sold calls to get to 420. Not sure why those transactions don't show up in the feed though. Typically a gain like this would be vetted but I didn't see the vetting post, so I make no claims to its authenticity

Also, it was in a Roth. Lol

If you're using "same" very liberally you might be correct, but there won't likely be anything close to Tesla, certainly not more than one or two.

No other company has a shameless celebrity CEO who is invincible against the law, a massive cult of fanboys with tons of disposable income and zero understanding of equity valuation, government subsidies up the ying yang, a product that allows people to show off their wealth under the guise of environmentalism, fake world changing technologies that the public believes are real, etc. etc. etc.

Having typed that out, I have to wonder why the **** I haven't been long.

So my initial guess was right; it's MMs getting blown up by a convexity squeeze since call/put ratio was 14:1. MMs getting run over by legions of levered dumb money.

Which would mean that the time to short is when Robinhood or Reddit call buyers start complaining that they're in the red on their call buys.

I'm getting ready to place an epic all in short.

famous last words

I caught FOMO bug already. Anyone in EU willing to share information how one can short (preferably with some leverage) or buy options on American market? Offerings in my country at least from reasonably reputable institutions don't seem to include those. Is it even legal for foreigners to buy/sell options on NASDAQ?

Yes it's legal and options are mostly traded at the CBOE FYI. It depends on your country, Interactive brokers is available in most. If you have no experience don't put a lot of money into it, options involve a steep learning curve, arguably they are a lot more complex than PLO.

Understanding them fully might be more complex than plo, but understanding them well enough to gamble on them is significantly less complex

If you live oversesas, all brokers are worthless and overly expensive except Interactive Brokers. With them you can bet on any market in the world quite easily as long as you have enough capital ($100K to trade options) and say you have enough experience(3 years, >100 trades). It will take a few days to get an account set up though.

punter is more than intelligent enough to understand how options work. They're dead simple if you're not trying to be clever and just want to leverage a directional opinion with a clear timeframe.

How do these type of bubbles end? In BTC the sequence is:

1) Price runup creates hysteria, new buyers fill in
2) Everyone wants to wait and see before selling, maybe 1k will get hit, etc
3) Huge imbalance of paper profits to market price coerces selling, price dips
4) Price dip totally kills the latest (dumbest) of new money
5) Cycle is now broken, everyone waiting to sell gets out on the bid
6) Various dead cat bounces at lower highs until real support is found

In penny stocks it usually goes like this:

- Buy up period during which a coordinated pump happens by the fraudulent board/CEO. Usually looking forward to some exciting future event which will never happen. A Musk donkey-carrot like FSD, but on a smaller scale.
- A consistent bid comes in from the pump. During this period it slowly buys up from a smaller group of followers
- It buys up enough that the magnitude of the move starts putting it on the radar of speculators
- It has a big gap up day. The gap goes viral
- Next day is even bigger as the dumb money starts pilling in
- Next day goes huge with blowout volume many multiple of normal
- Next day opens up higher and the stock crashes

Pretty sure Tesla would have followed this trajectory if not for that $100 drop in minutes (probably done by MMs) near close yesterday to spook the longs. I never thought I'd see a $100 billion stock acting like a fraud penny stock, but we're in the bitcoin/viral ponzi age.

Yes, and it shall be called the hoe'dicator. Heave hoe we are near the top.

Yeah, I don't plan or hope to outplay the market long term. I just want to gamble on "it's going to crash" giving myself a chance to hit it reasonably big.

Thanks. I will check it out. The problem I've run into so far other than fees you mentioned is that no one offering trades I would want to make seems reputable enough for me to be confident they are going to pay up especially in case of events as big as TSLA burning down. Brokers connected to banks here don't offer options for American market at all.

it only took 30 trading minutes for it to hit bear market territory of 20% drop lol

small bite short this morning, more at $820, tight stops

i am happy that i binked near the top yesterday but sad that i only got my first toe in the water. will probably cover if we hit 6xx today.