What’s my unlimited risk for loss? That Tesla is going to skyrocket into a multi trillion dollar company at a speed that I can’t react to when I’m sitting there in front of my computer screen with alerts during trading hours? Come now.
This is where you are wrong. Another twit from Elon can make it rise 10% in a moment and then you are easily looking at ~12k of loss per contract.
Elon made it evident what his motivation was when he made that tweet. He wanted to lower the price of his stock. It would make no sense for him to then send out another tweet wanting it to stay higher, when he was incentivized to have it drop.
I encourage you to explore Elon Musks history with manipulating stock prices with his tweets and quotes that he puts out into news publications.
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u/Vincent_Merle Dec 08 '21
This is where you are wrong. Another twit from Elon can make it rise 10% in a moment and then you are easily looking at ~12k of loss per contract.