I know, I know, I’m advocating for buying puts after a 42% drop. Pretty regarded, right?
Well hold on a second. Market is pricing in many, many factors for TSLA (China EVs, lack of innovation, high insurance cost, delivery numbers, etc.). However the market is failing to price in a key event - Tesla nationwide protests on Saturday, March 29th.
Organizers are putting together 277 protests at show rooms across the country. You think every protestor is going to behave yourself? You been watching the news?
Impact to fundamentals will be small (small drop in sales, maybe). What I’m banking on is a slew of bad news stories over the weekend that cause algos to dump the stock Monday morning.
I can’t be the only one who is thinking this way. What is stopping Citadel from taking a short position and then hiring actors to inflame the protests?
My position: Scooped up a cheap TSLA $255P 4/25/2025 on Friday before close. Plan to dump Monday, March 31st.
