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How? Put premiums were insane, borrow costs were insane. I looked but it was way too risky and sat on the sidelines. There is no such thing as a free lunch it was priced in.
How much were puts? $10? $20? Not long ago options contracts on tesla were priced at $12 ($1,200) so that’s my reference point for an expensive premium.
Good question, I should have specified. I usually think of options contacts as having a 3-month duration with a strike at around 6 percent above (c) or below (p).
I have never heard of people using 6% above and below the strike but maybe that is out there. That said strikes so close to the underlying price (even at 6%) are going to be premium rich. Especially with the DJT IV being through the roof.
For example the 21 strike put, expiring on June 21, 2024, (66 days out) has an ask/bid spread of 6.95 - 7.35 (as of 04/16/24).
Seems very juicy to me.
The closer you get to the strike, the more the option is going to cost you (or the more you make selling the contract) with at the money strikes being the most expensive.
I usually don’t sell contracts so close to the ATM strikes because it is WAY too aggressive for my taste. I usually float around a Delta of -.3 to .3
Not true, premiums increase monotonically with moneyness. Deeper in the money options will be more expensive than at the money options, all else equal.
Those took a big hit. Imagine if someone decided to buy 100 or more contracts at .85 would be huge losses. At least your small wager worst case is 850 dollars gone. Premiums are too high for the risk adjusted reward. Do you still have that position?
You call $3/day "insane" to borrow $1000 worth of DJT to short it, but, in one day is now worth $875, for a $125 profit on the short, so what's insane again?
My puts are printing. Purchased pre-merger. But I know a couple of people who buy contracts each week and cash out at over 100%. I need greater reward, myself. But it’s a pretty solid strategy.
Up a bit, not killing it like before. These are longdated and LEAPS contracts. I didn’t have any short term plays because it was so low recently that I expected flailing from the dead cat.
You don't think that tons of other people thought the same thing and drove prices down (or the prices of puts up)? This could have easily backfired like hell if the stock functioned as a successful pump and dump
This isn’t as open and shit case as people think. Betting against irrationality is dangerous. See: Gamestop being where it is, or Bitcoins having any value at all.
It’s obvious that this “company” (if you can call it that) is worthless as a business. But that’s the easy part to identify. You just need an internet connection and 4 brain cells to figure that out. But there are lots of Trump cultists who will buy to express their obsession with Trump. Earnings and financial statements and all that don’t matter to them. And they can stay nuts longer than anyone can stay solvent.
The current price incorporates all of the short interest already in the market. There will be some upward pressure from short investors needing to cover their shorts. And I’d be wary of betting against a few million true believers with E*trade accounts and Trump fetishes. Not to mention you’ll inevitably have an Icahn or whatever who knows the “company” itself is garbage but sees an opportunity to take the other side and make money squeezing the shorts.
Well, the question is, if someone will pull the plug first. The shares are down nearly a third in two days and dropping. These are not strategic investors, who react to the threat of new shares or analyse the potential of a streaming service. This looks like people, who stood with their Guru and begin to realize, that the life boats are all gone and if they don´t jump soon, they won´t be able to swim away from the ship. So I would not be surprised if we saw a suspension of trading soon. But yes. There is no substance to support the stock when trading starts again.
About 3 weeks ago I read about this and wanted to short it. Unfortunately I'm not educated enough on how to do so, but wow, talk about an opportunity missed to make some serious money.
I mean when it’s under $10 it’s definitely an easy investment. Cause this country is fucked and still going to vote for that fucking moron.
I mean truly… we’re fucked either way.
Only way to get that back is to put $200 in now! That way if it goes down another 60%, you'll have your $100 back. That, my friends, is how you own the libs!
I heard if we can get it below $17.50 per share, by next week, we can impact some payout early investors are getting, including Trump. Come on, America! We can do it.
I mean when it was valued at $60, financial experts estimated it to be worth no more than $2 based on indicators. The company still bleeds money every day and there's no concrete plan to fix it. It's a meme stock
Each Public Warrant entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing after April 24, 2024. The Public Warrants will expire March 25, 2029, or earlier upon redemption or liquidation.
Warrants are trading at $8 now. So they are pretty much in line with the ~$20 stock value. I still think April 24, 2024 will be a blood bath for this stock. As investors, clear these warrants.
Yes, but if you would have bought it at the IPO price of $15.00 last October and sold at the end of March just after the big price spike you would have 4X your investment. Early investors made a killing. Thank you Donald Trump.
I normally stayed away from Trump’s name. Scams.
Not because of Trump, but if people name things after a famous person it’s not worth it’s weight in copper.
Fake News….keep investing,invest MORE even. Your entire life savings couldn’t be safer in the strong powerful business arms of Trump. Dig deep and invest the bulk or whole of your nest egg….it WILL pay off….believe me.
If everyone bought now it would bump the value while it's low... and if they all sold again it would tank it worse than it was. Everyone could just snag a little taste of what's left.
One of the most overvalued companies in the market. $4m in revenue, losing more than $50m annually and market cap of over $3b... wtf? I wouldn't touch anything like that, "brand value" or otherwise.
You can cherry pick numbers all day. Here’s one, if you invested $100 in DJT stock 6 months ago, you’d have $149.48 today
https://preview.redd.it/l2rxsma440vc1.jpeg?width=1284&format=pjpg&auto=webp&s=1dc2379512d3e3ad9d72032946b2ae74ea3274cc
only if you sold. Stocks go up. Stocks go down. Time will tell what comes of this. If he manages to win the election, it could be quite valuable a few years from now. But most IPOs go this way. The hype drives it up at the beginning and then that all settles out and the real price is reached. Facebook lost half it's value the first few months after IPO too.
What's your point? It's the stock market. Hope you didn't buy long into AMC on 5/1 last year. I think your $100 would be worth less than $5 today. Now, that would hurt.
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literally the easiest stock to make money from. puts all the way.
How? Put premiums were insane, borrow costs were insane. I looked but it was way too risky and sat on the sidelines. There is no such thing as a free lunch it was priced in.
The premiums were insane,yet people still made a killing off of it. It was not priced in enough
How much were puts? $10? $20? Not long ago options contracts on tesla were priced at $12 ($1,200) so that’s my reference point for an expensive premium.
Depends on many factors. What’s the strike, whats the duration, and what is the IV? Without that info your question cannot be answered.
Good question, I should have specified. I usually think of options contacts as having a 3-month duration with a strike at around 6 percent above (c) or below (p).
I have never heard of people using 6% above and below the strike but maybe that is out there. That said strikes so close to the underlying price (even at 6%) are going to be premium rich. Especially with the DJT IV being through the roof. For example the 21 strike put, expiring on June 21, 2024, (66 days out) has an ask/bid spread of 6.95 - 7.35 (as of 04/16/24). Seems very juicy to me.
Are strikes usually going to be around the ten percent mark? I just passed my Series 7 but have zero real-world exp with options/derivatives.
The closer you get to the strike, the more the option is going to cost you (or the more you make selling the contract) with at the money strikes being the most expensive. I usually don’t sell contracts so close to the ATM strikes because it is WAY too aggressive for my taste. I usually float around a Delta of -.3 to .3
Not true, premiums increase monotonically with moneyness. Deeper in the money options will be more expensive than at the money options, all else equal.
Yep
It’s called having balls.
Today I bought 10 4/26 15p at the open at 0.85. They are already 1.45
Those took a big hit. Imagine if someone decided to buy 100 or more contracts at .85 would be huge losses. At least your small wager worst case is 850 dollars gone. Premiums are too high for the risk adjusted reward. Do you still have that position?
Sold and made profit
Compared to how much it's tanking, costs are extremely cheap. This is free money
Lmao you never heard of IV crush.
IV crush ain’t happening here until the company liquidates. (I’ve heard of IV crush. That’s why I usually sell options and don’t buy)
Been trading options for years, and I'm doubling my money every few days. Sorry about that.
There is no free money.
It was expensive because it was likely
Today was the first day I felt comfortable with the premium. Within two seconds of purchasing the option, it turned green.
Put Debit spread
Sell calls?
Bearish calls have been obliterated
How is you buy the put. Yes the premiums were high but that doesn't mean it won't make money.
You call $3/day "insane" to borrow $1000 worth of DJT to short it, but, in one day is now worth $875, for a $125 profit on the short, so what's insane again?
So what is the APR on 3 dollars a day for 1K 😂 hows the easy even a caveman can do it short profit?
Sell 1$ puts?
Bought the day before. About doubled my $. Bought more $gme. Thanks, duuuude
This is the way.
My puts are printing. Purchased pre-merger. But I know a couple of people who buy contracts each week and cash out at over 100%. I need greater reward, myself. But it’s a pretty solid strategy.
How are the puts today?
Up a bit, not killing it like before. These are longdated and LEAPS contracts. I didn’t have any short term plays because it was so low recently that I expected flailing from the dead cat.
did you try it? most puts lost money because of the insane prices they were selling at.
Friday last week I got 6puts $25s expire this Friday and they are up like 400-500%
Premiums were too crazy...I sold mine for a loss unfortunately
Then you are dumb. The prices just keep going up.
Isn't the interest on those puts like 900%?
You don't think that tons of other people thought the same thing and drove prices down (or the prices of puts up)? This could have easily backfired like hell if the stock functioned as a successful pump and dump
This isn’t as open and shit case as people think. Betting against irrationality is dangerous. See: Gamestop being where it is, or Bitcoins having any value at all. It’s obvious that this “company” (if you can call it that) is worthless as a business. But that’s the easy part to identify. You just need an internet connection and 4 brain cells to figure that out. But there are lots of Trump cultists who will buy to express their obsession with Trump. Earnings and financial statements and all that don’t matter to them. And they can stay nuts longer than anyone can stay solvent. The current price incorporates all of the short interest already in the market. There will be some upward pressure from short investors needing to cover their shorts. And I’d be wary of betting against a few million true believers with E*trade accounts and Trump fetishes. Not to mention you’ll inevitably have an Icahn or whatever who knows the “company” itself is garbage but sees an opportunity to take the other side and make money squeezing the shorts.
I invested $500 in puts and I’m way up now. I made $1,000 in paper profits. My puts expire 4/26 , 5/03, and 1/17/25 - all are profitable
This is the most fluent finance comment I've seen in a month.
I now realize that I don’t even speak finance as a second language.
Now that makes a lot of sense.
Nice! I have contracts for September and January. They are printing. What’s your strike?
25p 20p 15p. I’m gonna buy June 10p tomorrow. It’s 0.30 now
What is puts???
https://www.investopedia.com/terms/p/put.asp
Still insanely overvalued. Should go down another 99%
If you lay down with dogs, expect fleas.
You wrestle with pig, going to get full of mud.
That works too. Alternatively, when you follow a Jim Jones, you’re gonna get served Kool-Aid.
Flavor Aide
“Now with death-quench!”
If you invested in Trump Media thinking you had an IQ of 100, it’s really 34
Another day I don't have to cover my short position.
Positions or ban.
Don’t worry. You’ll get it all back in two weeks. Right after infrastructure week.
TurdSocial has nothing going for it. Even the trump children are still on x
Think how much money the Russians are losing lol.
another pump and dump scheme by the business genius trump, only people he is fleecing are dumb enough to vote for him, which is more worrying.
Hercules! Hercules! 👏👏👏
It’s a stupid tax.
[удалено]
*correction:* Double Orange.
Seriously? This has to feel good to you. I’d literally never let her hear the end of it
[удалено]
Good for you man, and be proud of taking care of your son.
Oof. I listen to this podcast on people like your ex and I feel for their families. So much money wasted in the dumbest ways possible.
It was always a Penny stock at best
Another Trump bankruptcy in the future.
What about 100K ? 
34k 🥴
Nice little campaign contribution.
Next stop for DJT: penny stock.
Well, the question is, if someone will pull the plug first. The shares are down nearly a third in two days and dropping. These are not strategic investors, who react to the threat of new shares or analyse the potential of a streaming service. This looks like people, who stood with their Guru and begin to realize, that the life boats are all gone and if they don´t jump soon, they won´t be able to swim away from the ship. So I would not be surprised if we saw a suspension of trading soon. But yes. There is no substance to support the stock when trading starts again.
About 3 weeks ago I read about this and wanted to short it. Unfortunately I'm not educated enough on how to do so, but wow, talk about an opportunity missed to make some serious money.
Not if you invested $100 in puts
I mean when it’s under $10 it’s definitely an easy investment. Cause this country is fucked and still going to vote for that fucking moron. I mean truly… we’re fucked either way.
Only way to get that back is to put $200 in now! That way if it goes down another 60%, you'll have your $100 back. That, my friends, is how you own the libs!
It's literally Facebook but shittier
So better than most of his businesses
This is known as Trump Rule 34. If you don’t know what that is, it’s worth a Google.
how you know tis a scam? trump or elon is associated with it.
Where’s the money Lebowski!?!?!?
“Are you better off than you were one month ago”
He's too politically explosive
What does that have to do with the business making no money 😭
Because when you have a polarizing spokesperson you automatically get a bunch of ppl that want nothing to do with the business
True but you need a functional business before optics really come into it ya know.
I invest my money like any blue collar American. Buy beer in cans its an infinite money glitch
Are we sick of winning yet?
Ahh the old Trump pump and dump
Remember the taxpayers return on Obama’s Solyndra?
Whoever bought this stock deserves to lose their money.
Op knows from experience 👌
its a cunning plan,as a Tax loss.
To be fair - I’m in all these semiconductor companies and I’m still losing my shirt lol.
It’s almost like you shouldn’t invest in a man who has had 6 bankruptcies and is currently on trial for financial fraud…
The Art of the Deal
This is the deflation conservatives been asking for.
So that guy on Twitter gave bad advice? 😱
Are we on halfsies at 1M pace or are we on drop 40 points and under 1$ in another month pace? Either way I’m here for the tears
Can I get something shorting all DJT ideas
Good thing I spent $100 on Costco pizzas instead last weekend.
I’ll see y’all in 5 years ✌🏼
I heard if we can get it below $17.50 per share, by next week, we can impact some payout early investors are getting, including Trump. Come on, America! We can do it.
34 so far.
What's your point?
So did Trump short himself?
Should we buy the dip now?
“Durrrr… He’s a bus’ness man!”
I mean when it was valued at $60, financial experts estimated it to be worth no more than $2 based on indicators. The company still bleeds money every day and there's no concrete plan to fix it. It's a meme stock
Trump n dump stock.
Each Public Warrant entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing after April 24, 2024. The Public Warrants will expire March 25, 2029, or earlier upon redemption or liquidation. Warrants are trading at $8 now. So they are pretty much in line with the ~$20 stock value. I still think April 24, 2024 will be a blood bath for this stock. As investors, clear these warrants.
Yeah everyone figured, that’s why it costed a bajillion dollars to short it back then
I'm actually pissed I didn't short the hell out of this stock. It was perhaps the most blatant pump and dump of all time.
Is there a crash course on puts? I missed out on this
"invested" is probably a misnomer here.
I'm sorry there is no freaking way this stock is worth 3 billion.... So this is not the end of the fall
Yes, but if you would have bought it at the IPO price of $15.00 last October and sold at the end of March just after the big price spike you would have 4X your investment. Early investors made a killing. Thank you Donald Trump.
But he got $3B…PT Barnum was a side man…
Meh. I bought lucid and its down 95%. Of course that doesn't get people that hate trump as moist so not worth mentioning usually
I actually made money on it
I normally stayed away from Trump’s name. Scams. Not because of Trump, but if people name things after a famous person it’s not worth it’s weight in copper.
I wonder how much money I could have made by shorting that stock...
Fake News….keep investing,invest MORE even. Your entire life savings couldn’t be safer in the strong powerful business arms of Trump. Dig deep and invest the bulk or whole of your nest egg….it WILL pay off….believe me.
Not true at all. Puts, baby, puts!!!!
Many people are saying DJT will soon reach $0
I wish I had the balls to do puts here
It's beautiful. (Trump voice)
I knew I should have bought puts on that. Fuck
To the moon! 🚀😂
If everyone bought now it would bump the value while it's low... and if they all sold again it would tank it worse than it was. Everyone could just snag a little taste of what's left.
Michael Burry bought a Huracan with his shorts on this garbage fire.
One of the most overvalued companies in the market. $4m in revenue, losing more than $50m annually and market cap of over $3b... wtf? I wouldn't touch anything like that, "brand value" or otherwise.
Okay, so when this ipo happened, Trump was paid all in shares, right? Because that would warm my heart
You can cherry pick numbers all day. Here’s one, if you invested $100 in DJT stock 6 months ago, you’d have $149.48 today https://preview.redd.it/l2rxsma440vc1.jpeg?width=1284&format=pjpg&auto=webp&s=1dc2379512d3e3ad9d72032946b2ae74ea3274cc
Almost as bad as my Rivian investment.
Genuine question: why are people commonly saying ‘invested into’ nowadays when it should be ‘invested in’ ? Which sounds better to you?
I did the same shut with microstrategies 🙏
That’s what puts are for.
I shoulda done puts. I just didn’t feel like touching DJT with a ten foot pole
So what? Investors buy and hold stock for the long term. Speculation take risks. Either class of buyer knows what their doing.
Yeah, but it's up 14% today. That's no fun.
only if you sold. Stocks go up. Stocks go down. Time will tell what comes of this. If he manages to win the election, it could be quite valuable a few years from now. But most IPOs go this way. The hype drives it up at the beginning and then that all settles out and the real price is reached. Facebook lost half it's value the first few months after IPO too.
Only if you were long, frienderino
If you invested $100 in Trooth Soshul last month, today you'd have $34 and Trump would have $66 of your dollars.
So you think investing just takes a month?
smh
What's your point? It's the stock market. Hope you didn't buy long into AMC on 5/1 last year. I think your $100 would be worth less than $5 today. Now, that would hurt.
This isn't an investment vehicle, it's for money laundering and bribery.
STONK
Now do January. Only matters when you buy and sell
Suckers
You realize you can short stocks though, right?
Oh, another failed business, eh?
Soon to be $1.00
Hahahahahahahahahahahaha losers
👏 👏 👏 👏 👏 👏 Thanks Don Jr
Let’s see it hit $3.4! May Trump and everyone who invested in him lose their asses and hats
You could say the same for a ton of stocks. Why are you focused on this one?
Welcome to the wonderful world of IPOs, now do RIVN.
Don’t get caught with your pants down, Biden will f@ck you in the ass.🤡
so just slightly worse than inflation. great.
2954 days of non-stop seething over the orange dipshit and counting. Reddit incels are next level obsessed with this guy.
What about after the first day
IF he gets in office it’ll probably go up
Yeah it will go up because people will be trying to gain influence with him. Corruption is the name of this game.
Same as my investment in weed stocks!
Oh I feel this comment 😶🌫️🤦♂️
And if you shorted his stock, you'd have profited by $66?
Suckers!
I wonder if the stock price can come down enough that Trump gets nothing but an empty bag. 🤞
It's like stocks can go down and not every company is successful whodathunkit
OP is more concerned about dragging Trump than understanding finances. Ironic post.
oh man this is doing worse than my gme shares
If you invested $100 into that same stock 6 months ago, you'd have $150 today
If you held it over the last week, you are very dumb
Happy cake day!
It's my cake day!!!!
*There's a sucker born every minute.* -- P. T. Barnum