Just to update the TSLA stock talk from a couple of months ago, it's now trading at $190, up about 85% from its bottom. If anyone is confident that it's way overpriced, they could make some pretty good money with some long-dated options.
Even though I totally disagree with the idea that it's a $30-40 stock, I'm actually kind of tempted. A $100 June 2024 put would return about 100-150% if it dropped back to ~$100 (where it was a month ago) within the next year and 300-400% if it hit $70.
I probably won't, because I still think their margins are too high and the competition too weak right now for it to totally crash like that. But it's still a pretty decent bet.
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