Sounds like the border guard wiped his phone, not him.

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.

Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case.

A lot of people really dont understand this.

SpaceX got the money. Its on their balance sheet.

Everyone who bought at $135 IPO price was giving money to SpaceX.

Everyone since then is just trading shares between each other.

The real shitshow starts once insiders can sell, until that happens we wont really know what price the market will settle at.