[lacy_tinpot]

>I am also confident xAI is not one of those

Surely you're going to buy long Put options with that confidence, right?

[ZitchDog]

You can’t trade options on an IPO.

[groby_b]

You can post-IPO - depending on liquidity. I don't think that'll be an issue here.

And if the thesis of "it's going to look good for the first 15 days" holds, you can indeed be very profitable by e.g. buying ATM puts. (The problem being that markets don't like sticking to time tables just to accommodate your investment thesis ;)

So yes, you'll be able to take a bearish position fairly shortly after the IPO.

[compass_copium]

A Musk joint immediately after an IPO. ATM puts will be trading at what, 250% IV?

[groby_b]

Probably. Hey, you picked a risky thesis heading into large uncertainty, that's not free.

But for the folks who are dead convinced it's all just a scam and it will quickly collapse, that's a way to put their money where their mouth is.

[compass_copium]

The market can stay irrational...

[lacy_tinpot]

Sure. It's the market that's irrational, not the people here. The people here are the truly enlightened rational ones and know what the true value of things are.