Comment

Comment by ZachPruckowski

I'm not sure this works. A lot of the folks who're short on Tesla are big names with trading records who've been short on Tesla for a while. If you roll up and your first stock trade is to buy some short term put options right before the hack and then cash out immediately[1], that's going to be distinguishable and suspicious.

Any efforts to defer that (using a patsy with an established trading history, buying longer-term options, buying them earlier) cuts into your margins, and may well not work (since again, you've got to be the first one out since you know it's a momentary dip).

[1] - Remember, you know this is a momentary dip because you know the hack is going to get discovered soon, but the other investors don't know where the bottom is.

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton