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lacy_tinpot 8 hours ago

>I am also confident xAI is not one of those

Surely you're going to buy long Put options with that confidence, right?

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ZitchDog 7 hours ago | parent | next [-]

You can’t trade options on an IPO.

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groby_b 5 hours ago | parent [-]

You can post-IPO - depending on liquidity. I don't think that'll be an issue here.

And if the thesis of "it's going to look good for the first 15 days" holds, you can indeed be very profitable by e.g. buying ATM puts. (The problem being that markets don't like sticking to time tables just to accommodate your investment thesis ;)

So yes, you'll be able to take a bearish position fairly shortly after the IPO.

	▲	compass_copium 5 hours ago \| parent [-]
		A Musk joint immediately after an IPO. ATM puts will be trading at what, 250% IV?

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compass_copium 6 hours ago | parent | prev [-]

The market can stay irrational...

	▲	lacy_tinpot 6 hours ago \| parent [-]
		Sure. It's the market that's irrational, not the people here. The people here are the truly enlightened rational ones and know what the true value of things are.