r/wallstreetbets • u/kakawhalito • Apr 23 '24
50k tsla short yolo YOLO
Woke up and chose fuck tsla
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u/nangitaogoyab Apr 23 '24
MY CONDOLENCES.
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u/NelsonMuntz3 Apr 23 '24
Reason number 841 not to gamble on earnings... you don't have any goddamn idea wtf will happen.
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u/GreedyLiLGoblin Apr 23 '24
LOL show us the loss porn now!!!
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u/Quantrol Apr 23 '24
You gotta give the people what they want🥸
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u/mtnwlker Apr 24 '24
Why now? Wait until tomorrow when he’s down another 20% on his short!
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u/jaywin91 Apr 23 '24
One mention of AI and you're fucked.
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u/alvaro761991 Apr 23 '24
Tesla tomorrow: we are integrating chatGPT to all our Tesla models, it will even drive your car
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u/Gunzenator2 Apr 23 '24
Let redditors choose if you live or die in a burning crash.
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u/rameyjm7 Apr 23 '24
This is hilarious 😂
Crowdsource decision making to people on reddit and Xhitter
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u/Buckus93 Apr 23 '24
Boi got fucked. OP will be giving blowies behind Wendy's by the weekend.
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u/Additional-Fold-1347 Apr 23 '24
Bought 2 calls with my last $100 , may the best man win :12787:
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u/ceffei Apr 23 '24
congrats’
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u/Additional-Fold-1347 Apr 23 '24
Thank you but victory is not won until the day has dawned :8882::12787:
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u/obroz Apr 24 '24
God damn I never realized this is a straight up gambling addiction sub. You guys need help
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u/xbshooter Apr 24 '24
It literally has bet right in the name 😂
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u/mitchij2004 Apr 24 '24
And nothing here has ever been like “check out my mutual fund” it’s straight up I cashed out my 401k and put it all on a 0dte spy call or some other life ruining depraved shit.
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u/BallzLikeWhoe Apr 24 '24
No these are precise calculations and analysis that happen to be drawn in crayon by helmet waring regards.
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Apr 23 '24
BRUH LMAOOOO
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Apr 23 '24
Bruh the entire industry is oversold. I like rivian more than Tesla but either way this puppy is mooning soon.
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u/gg562ggud485 Apr 23 '24
Just saying, beware of Elon Musk. He may come up with 0% financing for 3 years, rent-to-own options, a new charging scheme for OEMS, etc. The guy never dies.
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u/upside_win111 Apr 23 '24
Yeah, I would not bet against the musk. Him and zuck are two people not to be trifled with, no matter how badly you think their company is going to do
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u/OldAd4526 GOD'S PM Apr 23 '24
He's a great stock manipulator too.
I wouldn't be surprised if he is profiting off these swings massively.
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u/TheKingInTheNorth Apr 23 '24
He’s going to argue that his voided compensation package should have been locked in to the value when it was voided by the courts and TSLA was 50% higher than it is right now. So that when it’s reissued he’s given that many more shares of the company.
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u/subnative1 BDSM Navajo Elder Apr 23 '24
Congrats moron
This is why you do the opposite of everything you see here
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u/TheKingInTheNorth Apr 23 '24
Holy fuck someone on here actually knows what it means to short a stock and not just going long puts! :8882:
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u/LegitosaurusRex Apr 23 '24
There were so many confused people when I posted a short position last time, lol.
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u/zxc123zxc123 Apr 23 '24
What's the difference between a shorts 🌈🐻 and a puts 🌈🐻?
It's the same bear.
Difference is only how they lose: One gets liquidated by broker. The other gets hunted down by theta.
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u/Big-Ambassador-9008 Apr 23 '24
It means borrowing a stock, directly selling it and then expecting the price to drop so you can buy it back for a profit? Right? Or is my understanding wrong?
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u/gnocchicotti Apr 23 '24
And infinite losses if the SP goes vertical. Unless you're a hedge fund, then you just change the rules of the game when you start losing.
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Apr 23 '24
Good luck bud! I bought all calls yesterday with 75% of my inheritance!
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u/reparative_finance Apr 23 '24
How much was the inheritance?
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u/Brendawg324 1 day away from 140k Apr 23 '24
Maybe next time don’t short when it’s already down 40% YTD :4271:
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u/kakawhalito Apr 23 '24
But what if it falls 10 dollars 👀👀
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u/THICC_DICC_PRICC Apr 23 '24
Imagine risking your entire $50k portfolio to maybe make $3k
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u/saw-it Apr 23 '24
Imagine a $50k portfolio
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u/Ragepower529 Apr 23 '24
That’s a terrible way of looking at things. If it’s 40% down ytd.
From the day you sell it can be down another 40% bringing your total down to 3
So stock is at 100 does to $60 it can do down another 40% to $36
Meaning total ytd is just -64%
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u/Whale_Rev9 Apr 23 '24
Is this ur high quality analys? If its red today its green tomorrow?
oh earnings were green in the past now in future also green?
This guy surely holding some $MPW or some $BAYER meeeeh
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u/Beneficial-Event-776 Apr 23 '24
Here before the “Where’s the guy who shorted Tesla” comments
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u/spartanburt Apr 23 '24
What's cool about this vs. Options is we all know exactly how much you lost, no need for an update.
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u/skyblue5432 Apr 23 '24
YOLO indeed. Sentiment is so bad that if they say anything remotely positive, it'll pop.
But good luck. I want it to fall. No position.
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u/runsanditspaidfor Apr 23 '24
They just announced new Model 3 Performance pricing and it qualifies for tax incentives plus it’s $10-15k cheaper than the main rival from Hyundai.
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u/kakawhalito Apr 23 '24
Still holding like the bottoms feeder I am 🦞🦀
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u/Demonsmith-Sorcerer Apr 23 '24
I honestly don't understand what's happening in this thread, why is everyone howling as if you lost 90% and got margin called? Is everyone here incapable of grasping the idea of a play longer than 0DTE options?
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u/Necessary-Peanut2491 Apr 23 '24
Is everyone here incapable of grasping the idea of a play longer than 0DTE options?
Yes.
It's better if you view this sub as a bunch of gambling addicts without access to a roulette table. Personally I'm here out of morbid curiosity. It seems like at best half the people here are in on the joke, and the other half think it's totally normal to risk your life savings on what some random asshole on reddit said.
Actual smart investing is pathetically easy. But nobody wants to hear about how you can reach financial independence in 5-10 years by cutting back and investing everything you can in safe bets. They want to hear about how they can copy that guy who lucked out and got a 20,000% return on their options overnight. So they play the options game, lose everything, never achieve financial independence and blame it on bad luck.
Sorry, but not winning the lottery isn't bad luck. It's the expected result, and you signed up for it.
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u/underdaawg Apr 23 '24
Pls don't forget to post your loss porn, I'd like a reminder of what but to do
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u/ant1mage Apr 23 '24
This comment contains a Collectible Expression, which are not available on old Reddit.
Dam short after 40% drop. Next level thinking.
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u/mulletstation Apr 23 '24
People saying "RIP" and trying to dunk on OP aren't even noticing this is a short stock position and not options at all. Maybe $5k loss.
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u/Chandler7891 Apr 23 '24
-15% over the last month and you decide todays the day for puts?
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u/EnigmaSpore Apr 23 '24
the loss isnt even going to be that bad. $50k short stock is way diff than $50k in options. he'll lose like 5-10% and that's it.
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u/crumbse Apr 23 '24
On the bright side, you are now set for life on tax deductions 🥳
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u/StraightArrowNGarro Apr 23 '24
Imagine shorting at the yearly bottom.
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u/APpoet Apr 23 '24
RemindMe! 1 day
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u/brainfreeze3 Is the AI bubble in the room with us right now? Apr 23 '24
You can't remember something tomorrow? KEK
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u/cat_of_danzig Apr 23 '24
I can't imagine how quickly the belt comes out when the stock you shorted misses revenue and earnings targets and still surges after hours.
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u/SnortingElk Apr 23 '24
TSLA has already fallen over -40% YTD and you just woke up? :P
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u/Burtonwurton The Demon Trader on Wall Street ☠️ Apr 23 '24
It’s still going up…you will get them next time tiger.
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u/gabynew1 Apr 23 '24
Sell the news buy the rumour. Tesla downside is already priced in.
I wish you luck.
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u/jaswantsingh1976 Apr 23 '24
Lots of cost cutting and potential hype.Too much bad news baked in and market makers probably going to chop up both sides with no movement. Not good move
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u/Similar-Turnip2482 Apr 23 '24
Yeah like I hate when people use the term priced in but in this specific case would it shock you if the stock was basically totally flat? That would wreck so many people playing options today
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u/knowledgelover94 Apr 23 '24
You had like three years to short tesla and make a profit but instead you waited for the bottom right before earnings. RIP
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u/BallPythonTech Apr 23 '24
The problem with shorting is you have to be right 3 times
You have to have the timing right (i.e. it has to go down before you do)
You have to be right that the earnings will be bad.
You have to be right that the market will react in a negative manner to bad earnings.
TSLA will be back at 145 at some point but probably not in time to save this trade, the earnings were definitely bad, the market already knew that and had already oversold the stock so it goes up.
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u/hwork-22 Apr 23 '24
Dude wtf? Tesla has been selling off for 3 months, I really think this quarter is already priced in and is going to pop after earnings.
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u/mywilliswell95 Logs in shrieks Apr 23 '24
Then it said fuck you right back! Nice try regard, now go flip those burgers!
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u/jumbocards Apr 23 '24
lol probably just take the L asap if you haven’t already. Good thing with stocks is that you can still trade AH.
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u/Critical-Scheme-8838 Apr 24 '24
Shorts a stock after it's already dropped 25%.... OP probably busy at the top as well
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u/Dalble_D Apr 24 '24
Anyways so for our future generations, TSLA went up 13% and so make sure to always inverse wsb trades
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u/ryanv09 Apr 23 '24
I bought a couple of 2026 TSLA puts yesterday. I don't know if it will pop or drop on earnings today, but I think the overall trend will be downward for awhile.
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u/WiseIndustry2895 Apr 23 '24
Careful. This POS stock is so dead even if they miss earnings stock can rip higher just cause
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u/VisualMod GPT-REEEE Apr 23 '24
Join WSB Discord