autistictheory

autistictheory t1_iyab7z5 wrote

Reply to $TSLA short by Big_dadd_BD

I'm watching the march 17 $160 Puts. They went to a low of $13 today and closed at $14.4

just watch list I didn't buy them. Playing it just a bit safer with TSLQ instead

My target is $150 but just not sure about what kind of the usual TSLA whipsaw fuckery will occur before it makes the move down.

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autistictheory t1_iy3yfmx wrote

options are generally used as a hedge against their investment holdings. just because you don't think it has value doesn't mean there aren't other people who value that.

The fact that OP made profits on this venture is just proving exactly the same thing as what you say about athletes and actors. There are people paying for the service of purchasing options contracts and thats all that needs to be said.

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autistictheory t1_iy3nmkq wrote

is something useful just because you say it is?

What if I said national sports teams is pointless and all the athletes should do something "useful" like building bridges and infrastructure.

or acting and movies are pointless because its just entertainment they should be farming and generating crops to feed people instead.

It wouldn't matter because even if 1 person enjoyed watching sports and movies then there would be a market for it, and there will be people to provide it if they can generate revenue from it.

In a similar way, even if the whole world thought options were useles, if there was even one person in the whole world who found value in purchasing a contract then the option has value.

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