[Powdering7082]

I've been buying Tesla puts at a small scale for the past 6 months, usually puts about a month out.

It's been a great way to lose money so far.

[msgodel]

Regardless of what happens theta and IV crush will probably wipe you out. I don't like Tesla's stock but I don't touch it just because both the stock and options tend to be way overpriced.

[Powdering7082]

Yeah it's been a good learning lesson. I only put in what I was comfortable losing (and fast!). The way the stock moved after the absolutely abysmal earnings will certainly stick with me lol

[scoofy]

It really is wild that investments are driven by the marginal investor, not the median investor. 99% of us can think that Tesla is trash, but 1% of world investors is an absolute ton of capital.

[thecolorblue]

My new strategy has been wait for a large swing (when IV is high) then sell puts at ~ .1 delta. Ask me at the end of the month if it works out.