He keeps giving insights into buying Tesla and holding on for the ride, one bubble worth riding
It’s quite a ride… my $2,500 options rose 3400% yesterday and then promptly crashed.
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How does that work?
??? How can that be in one day?
It is a deep OTM position with a non-linear relationship to the share price of Tesla. As the strike price moves from borderline impossible to a possibility the value of the position increases massively (still no intrinsic value though as it is still OTM).
Is he really saying hes going to sell his Tesla holding even though he kept saying to buy blindly? (Latest update)
Mine hasn’t come through yet…
Haircut for Tesla
Just come through now… It is what he’s saying… After constant buy on dips
He has one year leap options on Tesla. Somebody else can explain what they are.
I got it thanks
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He’s had a great run this year. Time for a rest.
So he is now 100% cash. Is anyone doing similar?
The tech stocks do look to be peaking, but I do feel there is profit to be made elsewhere.
I don’t follow this person, but he seems to mention to stay away from “stay at home” stocks, not all stocks.
Or has he mentioned going to full cash?
I am about 45% stocks (mainly blue-chips), 40% Gold and 15% Cash.
It is really hard to predict the market… I thought it was going to dip deeper a few weeks ago. Now I am a bit unsure, but I am positioned in a safe-ish way.
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Remember he is an options trader who can afford to dip in and dip out and has just made an absolutely significant amount money and can choose when to be risk on / risk off. Longterm investors behave differently and are not bothered about slow growth or waiting on the sideline to see what happens short term.
It’s a great insight though as it shows how the environment going forward, is now completely unknown. So the risk into the unknown may not have enough ‘reward’ potential due to the REAL circumstances the economies are going to be facing.
Bottom line: Investments made today may not show signs of profit until more solid actions have begun to recover, maybe around 2024/25.
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Anybody know what he means by ‘race to the bottom’?
A bubble burst?
Price war?
From what I have read before and based on todays number, 68… he reckons that it is best to sell? That there will be a correction?
What are your thoughts?
He’s saying if your an options trader take your profits. May to November historically have yielded 0% returns over 70 years. High risk and low reward time.
We could exercise some of his plays if FT had some inverse ETFs (3TYS). For example he thinks towards the end of the year the US Treasury 10yr bond will collapse drastically after the US will be forced into issuing LOTS of bonds.
Latest Tips include (A REFRESHER COURSE AT SHORT SELLING SCHOOL) followed by a bunch of Ticker Symbols. Most of these are Short ETFs or Short Option plays.
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