You said:

Update: Got the bet placed through RobinHood.
This is what someone said on Reddit, and I used ChatGPT to explain. This is an alternative to doing a “put” – a bet against Tesla stock going down.

Awesome. Looked this up. For the record, I am STILL waiting on Options trading, so I can’t do this yet.

For TSLZ, Per my friend ChatGPT

What does it mean to “buy TSLZ”?

TSLZ is a special kind of investment called a leveraged inverse ETF — that’s a mouthful, so let’s break it down:

🧠 What is TSLZ?

• TSLZ is an ETF (Exchange-Traded Fund) that’s designed to move in the opposite direction of Tesla’s stock.
• When Tesla’s stock goes down, TSLZ goes up.
• It’s leveraged, meaning it goes up by more than 1x the move. For example:
  • If Tesla drops 5%, TSLZ might go up 10% or 15% (depending on the leverage amount, like 2x or 3x).

⚠️ Why not hold it long term?

• Leveraged ETFs are not meant for holding long-term because:
  • They reset daily and are designed for short-term trades
  • Over time, volatility can cause their value to erode even if the underlying stock moves in your favor

This is called decay — and it can eat away at gains if you hold the ETF for weeks or months instead of days.

✅ So what’s the strategy here?

You risk less money than buying puts directly, and no options approval is needed

So if I don’t think the stock will plummet until May 1, it’s too early to do this, right?

You want to bet Tesla will drop fast, like over a few days or weeks

You buy TSLZ and sell it once Tesla dips and TSLZ spikes

ChatGPT said:

Exactly — you nailed it.

🕰️ If you’re expecting a drop closer to May 1, then:

It’s too early to jump into something like TSLZ right now, because:

• TSLZ is short-term focused: It’s designed to pop when TSLA drops right away, not over a month
• If Tesla stays flat or even wiggles up and down, TSLZ can lose value over time due to daily reset/decay
• So timing is crucial — you want to enter TSLZ right before or during a move downward