NotMyOldRedditName

It’s just made worse this time by the smaller float, and the soon to be earlier than usual blackout window for insiders lifting

He does have loans, but a lot of people think he still has them from purchasing Twitter, but he actually went away from that during the Twitter purchase. Im sure its a lot without twitter even, but its not the crazy large number it was briefly.

Thats not how puts work. Thats shorting the stock directly.

A put is an options contract. You can never lose more than your purchase.

If you pay $5.00 for a Jan $50 strike, you pay $500 (1 contract is 100 shares). As the date comes closer it becomes worth less, but as it approaches $50 or goes below it also becomes worth more. You can make a lot of money on a far out of the money put that goes near or in the money.

If it was $50 in November that put might be worth $40 (x100) so $4,000 and you paid $500.

The put becomes worth nothing if its over $50 by strike date.

Its a much safer way to bet against something than directly shorting.

I do have a LG TV and I did connect it to the internet a long time ago. Im super annoyed at how they push updates in a way they try to make you press OK as you were doing something else.

Anyway, after accidentally triggering one, I turned the TV off interrupting it.

Now it just prompts me to continue it, to which I say no. It doesnt seem to be able to move beyond this now, so I’ve kind of locked it into where it is for now.

TIL

There’s been 3 or 4 IPOs now, where ive wanted to buy puts for 6m to 1y out when I see a peak like that, and im always afraid to pull the trigger.

In this case i saw it hit 220, and come back down to 200ish, and I said if it goes back to 220+ ill get a few.

It never went back up.

Maybe next IPO.