I've been waiting a long time for this.
I refused to partake in the IPO, because I know clear well IPOs are highly biased to be greatly down within 6-months.
Now with the bad earnings report behind us, I feel it's a good time to pull the trigger. Premiums on options are ballistic, which has me tempted to scale in here by shorting PUTs.
The risks are there, Trump dies and the stock goes woke-broke. On the other hand, there are some moats. With only two companies left out there in the Western world that upholds free-speech, that's a pretty strong moat. Not to mention, Twitter/X is no longer public, so there is no way for a retailer to invest into the competitor.
Debating on going long next week, but still hoping for a further drop discount. If that happens, I will look forward to purchasing CALLs. If it doesn't, at least I have premium from the PUTs.
I refused to partake in the IPO, because I know clear well IPOs are highly biased to be greatly down within 6-months.
Now with the bad earnings report behind us, I feel it's a good time to pull the trigger. Premiums on options are ballistic, which has me tempted to scale in here by shorting PUTs.
The risks are there, Trump dies and the stock goes woke-broke. On the other hand, there are some moats. With only two companies left out there in the Western world that upholds free-speech, that's a pretty strong moat. Not to mention, Twitter/X is no longer public, so there is no way for a retailer to invest into the competitor.
Debating on going long next week, but still hoping for a further drop discount. If that happens, I will look forward to purchasing CALLs. If it doesn't, at least I have premium from the PUTs.