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A reddit user Activeblizzard shared a photo of his bet against Tesla since 2021. The trade was so risky that $371,810.72 has been wiped out from his Robinhood account.
He mentioned taking put option strategy of TSLA stock.
Those who don’t know about put options, put options are betting against a stock movement. Saying that the stock will go down. TSLA went $1200 in the 2021 bull market from $15 a stock. But it slashed at least 50% in 2022 from its ATH.
Many investors like Micheal burry have been skeptical of TSLA’s growth.
