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this post was submitted on 15 Apr 2024
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Anyone know the easiest way to short this stock?
As a general rule, if you’re hearing about something from the news, it’s already too late to profit from it.
This might be the exception, but I’d temper any expectations accordingly.
It’s supposedly the most shorted stock on the market, which I think means it’s going to be damn difficult to turn any sort of profit on it.
Just add DJT to the stock tracker app on your phone and pay yourself in schadenfreude as it rapidly and inevitably approaches zero.
Just watch it. It’s doing it to itself, lol.
The short answer is, don’t bother. The premiums are so baked in that it will tank, that you’d be lucky to make any money.
Something something options are the way forward something wallstreetbets
Just stop fucking around and buy SPY.
You stop fucking around and trade futures!
Just buy puts. You can buy them right now.
Buying puts are crazy expensive, showing just how shitty the stock is. For all puts a month out, it's gotta lose 25% of its current value just to break even.
With that being said, it's probably a safe bet.
sell calls to fund put buying name a more iconic duo
It's not really a safe bet, one of the reasons options are expensive is because they price in the very high volatility of the stock. You can be correct about the future direction of a stock and still lose money on an option based on how much the volatility changes or how long it takes to make that move. And with enough shorting there could even be the risk of a squeeze. Best to just stay far away from that stock.