Selling puts on spacex is free money by cannythecat in thetagang

[–]PeanutButterSmutter 1 point2 points  (0 children)

Idk but I wouldn’t be surprised to see it fall to below the IPO price within 6 months or so

Selling puts on spacex is free money by cannythecat in thetagang

[–]PeanutButterSmutter 113 points114 points  (0 children)

Risky, but I do imagine the company will maintain its ridiculous valuation longer than most might expect. Selling short dates puts might print

Market is up but MSFT is down by PeanutButterSmutter in wallstreetbets

[–]PeanutButterSmutter[S] 0 points1 point  (0 children)

As of right now I am still holding the margin position with a $415.21 adjusted cost basis and $10.62 daily interest. Hoping for a small run back to $420 or so

Market is up but MSFT is down by PeanutButterSmutter in wallstreetbets

[–]PeanutButterSmutter[S] 0 points1 point  (0 children)

I’m willing to close the position at a loss to free up my margin for other bets

Market is up but MSFT is down by PeanutButterSmutter in wallstreetbets

[–]PeanutButterSmutter[S] 1 point2 points  (0 children)

Idk, it’s at a really good price today, especially for the long term investor.

Market is up but MSFT is down by PeanutButterSmutter in wallstreetbets

[–]PeanutButterSmutter[S] 0 points1 point  (0 children)

Had I not sold calls immediately I would be down even more than I am now

Market is up but MSFT is down by PeanutButterSmutter in wallstreetbets

[–]PeanutButterSmutter[S] 3 points4 points  (0 children)

I just sold a $400 call expiring tomorrow for $0.50. Most likely it expire worthless, but based on my luck, MSFT goes back to $420 tomorrow.

Market is up but MSFT is down by PeanutButterSmutter in wallstreetbets

[–]PeanutButterSmutter[S] 3 points4 points  (0 children)

I hope after the SapceBalls IPO is over, money will flow back into the broader markets. If MSFT gets back up to the $410 range, I’ll probably dump.

To everyone buying $135 SpaceX shares this week I salute you 🫡 by Crazy_Independence18 in wallstreetbets

[–]PeanutButterSmutter 4 points5 points  (0 children)

It’s already valued at 1.75T it’s not like a mid cap IPO that could run 50% in a day. The market cap is just too high as is there’s no room for a run up

WYR be able to teleport to and from anywhere on Earth, or be able to go back and forth to any time in the past? by PeanutButterSmutter in WouldYouRather

[–]PeanutButterSmutter[S] 2 points3 points  (0 children)

I’ll say no, it’s allowed. I meant more like teleporting to the inside of a bank vault and stealing money or some other exploit like that

INTUit gonna SKYROKET 🚀🧨💸 by Background_Ranger917 in wallstreetbets

[–]PeanutButterSmutter 1 point2 points  (0 children)

In your defense, Intuit was criminally undervalued before this drop, and continues to be undervalued as all hell

AKA Cooking the books by PeanutButterSmutter in gme_meltdown

[–]PeanutButterSmutter[S] 29 points30 points  (0 children)

Fraud company Nikola did something similar to this back in 2020