[karpodiem]

Now is a good time to buy put options.

[high_derivative]

Is that not technically untrue as this is already priced, with options being very expensive due to high implied volatility now?

[marvin]

You'll know when your options expire ^_^

[mhermher]

Better yet, a great time to sell calls. Lots of believers that is gonna shoot back up and to the moon.

[dragontamer]

Except Elon Musk has been prone to make tweets like "$420 Funding Secured", which would ruin your short-call position if it happened at the wrong time.

The best move is to not play. There are literally thousands of other companies in the public market that are actually run by decent people. Musk clearly wants to "burn the shorts" and is willing to go to war with anyone who takes the bear bet.

That's fine, just don't play the game at all. Buy and sell stocks from a more reputable company.