[lamontcg]

Options are time-limited and expire so you're betting that it goes up or down BEFORE a certain date.

You can buy very cheap out of the money options at small fractions of the cost of the shares by making bets that TSLA will drop hard in the next year while the market thinks that in that timeframe it will not.

Most of the time you lose money doing this.

Time it right, though and you can make 10x returns, but you have to be right and the rest of the market needs to be wrong, which is often unlikely.

But even if you're right in the long-term you need to also get it right in the short-term.

I don't think I'd be betting against this market right now, there's no guessing how irrational we'll wind up getting. Post-pandemic I would guess we'll have even more of an irrational bubble around back-to-normal, and a rising tide lifts all the boats.