The hippies and poets have discovered ChatGPT and realized that you can (gasp) bet against a company! Who knew?
Remember, we’re the dopes that raised 1 BILLION for Kamala Harris just so she could slur herself into defeat. It’s this or giving money to Habitat for Humanity.
This is what I’m going to try, but it turns out it takes 2 days to do this.
First Trade
- Strike Price: $210 Put (TSLA Current Price – 25)
- Expiration: April 9, 2025 (3 weeks from today)
- Order Type: Limit Order
- Max Premium Spend: $500
Second Trade
- Strike Price: $225 Put (TSLA Current Price – 10)
- Expiration: April 30, 2025 (6 weeks from today)
- Order Type: Limit Order
- Max Premium Spend: $500
Third Trade
- Strike Price: $195 Put (TSLA Current Price – 40)
- Expiration: June 11, 2025 (12 weeks from today)
- Order Type: Limit Order
- Max Premium Spend: $500
If Tesla drops to $179, here’s how much money you would make on each trade:
- First Trade ($210 Put, expires in 3 weeks) → $2,600 profit
- Second Trade ($225 Put, expires in 6 weeks) → $4,100 profit
- Third Trade ($195 Put, expires in 12 weeks) → $1,100 profit
Total Profit = $7,800
The only problem is that it takes 2 days to get this approved through my brokerage, so I’m going to see if I can do this tomorrow somewhere else.
Also – I’ll mention that I bought Facebook when it went public and tanked, and then I bought Nividia when ChatGPT hit it big. Not bad for an artist.
“Art is what you can get away with.” – Andy Warhol