Everyone please be careful buying puts if you're not doing it for insurance against current holdings. If you're buying anywhere outside of the .30 delta and less than 21 days until expiration (even then) you're probably buying a lottery ticket.
The average person would be better off buying 10 x $5 scratch off lottery tickets tomorrow and accepting the result... than buying a far out of the money short dated put.
I’m sure there are broad market Vanguard ETFs out there that won’t have Tesla in it and will make no changes based on this announcement. This is really just ETFs that track S&P 500.
The average person would be better off buying 10 x $5 scratch off lottery tickets tomorrow and accepting the result... than buying a far out of the money short dated put.