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this post was submitted on 29 Mar 2024
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They say as much as 50%. I say it's going to go a bit lower. It went up to almost $75, but I think it will go under $25 before it starts to rebound. I bought my put options Monday morning. So far the stock is doing what I expected it to do, and I expect the decline in price will persist for the next couple months.
I don't have a big enough bankroll or time to sit at my computer to pull off short selling, so puts are my best bet. I will feel the tiniest bit bad for the people who made the put contracts to buy getting reemed, but honestly, if they knew what they were getting into. Like if they actually knew reddit and really researched things, they never would have been offering put contracts to begin with on Monday.