Ok, listen up, hippies. My cousin just explained how to “short” Tesla stock, which will really crash it. And even better- ChatGPT just told me this:

How to Bet $500 Against Tesla Stock and make $8,600 in 3 Weeks

You can bet against a stock and make a lot of money if you’re right. This is called shorting a stock, but it usually requires a special margin account.

Luckily, there’s another way: buying a put option. A put option allows you to profit if a stock price goes down—without borrowing shares or using margin.

Here’s how it works: Suppose Tesla (TSLA) is trading at $225. You buy a put option with a $200 strike price, expiring in three weeks, for around $500. If Tesla drops to $114, that same put option could be worth $8,600, turning your $500 investment into an $8,100 profit.

Unlike traditional shorting, your maximum loss is just $500 (the cost of the option), and the potential gain is massive. However, if Tesla doesn’t fall below $200 before expiration, the option expires worthless.

This strategy allows you to bet against a company without needing a margin account—and if you’re right, the rewards can be huge. 🚀

IBreakdown of Your Potential Profit if Tesla Hits $114

If you buy 1 put option contract (strike price: $200, premium: $5 per share, total cost: $500) and Tesla drops to $114 by expiration, here’s how much you would make:

• Strike Price: $200
• Entry Cost (Total Investment): $500
• Tesla Price at Expiration: $114
• Intrinsic Value per Share: $86 ($200 – $114)
• Total Cash-Out Value: $8,600 (since 1 contract covers 100 shares)
• Net Profit: $8,100 (after subtracting the initial $500 investment)

Conclusion:

If Tesla stays above $200, you lose $500 total.

If Tesla drops to $114, your $500 investment turns into $8,600, giving you an $8,100 profit (a 1,620% return).

These are ChatGPT’s directions

Step-by-Step Guide: Buying a Tesla (TSLA) Put Option on Vanguard with $500

Your goal: Buy a put option on Tesla (TSLA) with a $200 strike price, expiring April 5, 2024, betting that it will drop below $200.

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Step 1: Ensure You Have an Approved Vanguard Brokerage Account

1. Log into your Vanguard account → investor.vanguard.com.
2. Click on “My Accounts” and select your brokerage account.
3. Check if you have options trading approval:
   • Go to “Account Maintenance” → “Options Trading”.
   • If you haven’t applied yet:
     • Click “Apply for Options Trading.”
     • Fill out the risk assessment and financial details.
     • Approval may take 1–2 business days.

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Step 2: Go to the Trading Platform

1. Click “Trade” from the top navigation bar.
2. Select “Trade Options” (not stocks).
3. In the search bar, enter Tesla’s ticker symbol: TSLA.

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Step 3: Choose Your Put Option

1. A table with Tesla’s options chain will appear.
2. Look for Put Options (right side of the table).
3. Find the put option with these details:
   • Strike Price: $200
   • Expiration Date: April 5, 2024
   • Estimated Price (Premium): $5.00 per share (or ~$500 per contract).
4. Click on this $200 put option to proceed.

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Step 4: Place Your Order

1. Select Order Type: Choose “Buy to Open” (this means you’re opening a new put position).
2. Enter Quantity: 1 contract (since 1 contract costs about $500).
3. Choose Order Type:
   • Limit Order: Enter a price (e.g., $5.00) to control what you pay.
   • Market Order: Executes immediately but could be slightly higher or lower than expected.
4. Review the Order to ensure it matches your trade plan.
5. Click “Submit” to place the trade.

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Step 5: Monitor Your Put Option

• If Tesla’s stock price drops below $200, your put option gains value.
• If Tesla drops faster than expected, your put value rises before expiration—you can sell early for a profit.
• If Tesla stays above $200, your option expires worthless, and you lose $500 total.

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Step 6: Sell to Lock in Profits (Before Expiration)

1. Go to “My Accounts” → “Holdings” and find your Tesla put option.
2. Click on the option and select “Sell to Close.”
3. Choose a limit order to lock in a good price.
4. Confirm and submit your sell order.
5. Profit Example:
   • If Tesla drops to $114, you can sell for $8,600, making $8,100 profit! 🚀

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Final Tips

✔ Set a Sell Plan: Don’t wait until expiration—lock in profits early if Tesla moves down quickly.
✔ Check Tesla’s Price Daily: News and trends impact options prices.
✔ Be Aware of Time Decay: If Tesla stays flat, your option loses value over time.

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Don’t believe me? Sound too good to be true? Ask AI yourself. These are the results on 3/18/25, 9:30 PM.