Trader lost $300,000 on Shorting Tesla TSLA stock.

tsla option

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.

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.

Written by Leslie Albrecht

Daily news editor for 24Stocknews and Market watch. I graduated from Columbia university of graduate school of journalism. Follow my twitter

Leave a Reply

Your email address will not be published. Required fields are marked *

GME stock news

GameStop GME stock is trading at $38 after stock split

mvst news

Why Microvast (MVST) stock jumped 10% today?