@michaeljburry is it true that your cost basis on the “successful” $pltr “short” was 1.92 (50,000 12/26 50p). The highest I see these options trade ~2.70. I just want to be clear on your disclosed position you paid out $8-9m and max made $3m (not including @Substack subs).
@Mr_Derivatives It’s actually a terrible trade. The put he purchased for December 2026 100 (in addition to June 2027), is roughly the same as when $PLTR was $200. Right call, wrong trade.
@robotaxi@bauminater@JoeTegtmeyer You are winning multiple compression based on lukewarm product releases and tepid mainstream adoption. $200 approaches. Then @elonmusk#elona will win when he buys $tsla for stock in $SPCX and #sp500 boots both.
@QGornt@RagingVentures Should be, but that’s why conversion was better option. Dividends paid directly in name at custodian (restricted). No one will see that dividend until sanctions are lifted, if at all.
@Randall7575@RagingVentures Fair point. If you actually got “paid,” you got around sanctions. Likely broker negotiation. But, converted shares aren’t 0, just restricted. Looking at about 15x based on all dividends and appreciation. Always knew this could be the case, and happy to wait for resolution