r/WallStreetbetsELITE•1 min. agokathryn0007
Retail Trading – Using ChatGPT, total beginners will be able to “put” against Tesla.
🚀 Just Made My First Bearish Options Trade — Walked Through by ChatGPT 🙌
I’m a total novice, but today I used ChatGPT to walk me through placing my first options trade on Robinhood — step-by-step, with zero prior experience.
Here’s what I did:
🔻 Strategy:
Bought 1 TSLA $215 Put, expiring May 2.
This is a simple Level 2 trade (no spreads or fancy stuff) that profits if Tesla’s stock price drops below $215.
💸 Order Details:
- Type: Limit Buy
- Limit Price: $8.90
- Filled: 1 contract (100 shares) at $8.90
- Total Cost: $890.04
- Break-even Point: ~$206.10
- Max Risk: $890 (what I paid)
- Max Potential Profit: Over $5,000 if TSLA tanks to $150 before expiration. (Realistic scenario, not just theoretical — ChatGPT showed me how to calculate it.)
Expiration date: May 3
🧠 My Thesis:
If TSLA drops to ~$220 or lower in the next month, this contract should grow in value fast — and I can sell it before expiration to lock in profits.
🔥 Why it was awesome:
ChatGPT explained everything clearly — how to build the trade inside Robinhood, what to watch out for, how profit/loss works, and even helped me avoid a mistake where I almost bought the wrong type of option.
Then I explain this stuff to artists and hippies on Dusoma.wordpress.com. People are saying, “you have to know what you’re doing.” and actually… this is a great equalizer. I don’t know if this gamble will pay, but I do feel confident that I won’t lose more than $1000, which is an equivalent amount I would have donated to Habitat for humanity. If I get $5,000 I’m going to do a “Spectacle Art Contest” like Burning Man, where artists submit proposals for safe, legal cool spectacles we can do at Tesla protests, because I think they are boring.
So we will see. I’m also doing this to illustrate the prediction that 100 million people will lose their jobs to AI in the next decade. Including me maybe. Except I’m on the side of AI that cuts costs, so we’ll see.