Submitted by value1024 t3_10l8243 in wallstreetbets
145/144 bear put vertical, and 138 single put locked and loaded, might be too early but could not resist the run up.
This is a rebalance of a prior losing position in 130 puts, which I rolled up and added to them.
Fireworks when Kanye I mean Elon stutters to explain they are working at a huge and unsustainable loss. I will not be surprised if they cancel Q&A altogether.
EDIT: This ER was a fizzle not fireworks, and the puts might be fucked. Thanks for all the comments - will post an update on Friday or when I close them, whichever comes first.
UPDATE 1/26/23: Thanks for the comments, good wishes, and ill wishes, my fellow regards. As I said in the early comments, I am OK if I lose 100% of the position since it is a small portion of my experimental Webull account. I do not condone "yoloing" a significant amount of money on short term trades with FDs, especially ER plays. Also, fuck Elon Kanye West Musk.
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Update: I closed the short 144 puts, now long 145 and 138 puts
Update 2: Added 157.5 so this is it fellow regards, this is the final position.
Position ratio is:
1 - 157.5 put
4 - 145s puts
2 - 138 puts
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