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Started By
Message
Senator Tommy Tuberville is betting against Tesla
Posted on 11/17/23 at 7:26 pm
Posted on 11/17/23 at 7:26 pm
quote:
Alarming news: Senator Tommy Tuberville (whose net worth is approximately $16m) is betting against Tesla.
Tuberville recently invested $50k in $TSLA $190 puts expiring 12/15/2023, coupled with options in $TXN, $KO, $X, $LPX & $AMAT.
LINK
Posted on 11/17/23 at 8:52 pm to Street Hawk
Alarming? 0.3% of his net worth?
Posted on 11/17/23 at 9:13 pm to turkish
I find it alarming that US Senators are allowed to even invest in the options market. Should be illegal.
Posted on 11/17/23 at 9:42 pm to PhiTiger1764
And how did that dude accumulate the wealth? Politics pay big
Posted on 11/17/23 at 9:47 pm to ApexHunterNetcode
I'm actually shocked his estimated net worth is only $16mm. He had like a $14mm contract with Auburn fifteen years ago. Add in endorsements, and he made a pretty penny. Either that estimated net worth is way off, or he made some bad decisions along the way.
Posted on 11/17/23 at 10:03 pm to ApexHunterNetcode
by being a highly paid coach?
Posted on 11/17/23 at 11:11 pm to ApexHunterNetcode
quote:
And how did that dude accumulate the wealth? Politics pay big
You even SEC, brah?
Posted on 11/17/23 at 11:26 pm to ApexHunterNetcode
quote:the frick? Being an SEC head coach pays well, in case you didnt know.
And how did that dude accumulate the wealth? Politics pay big
Posted on 11/18/23 at 4:07 am to Street Hawk
quote:If Tuberville's net worth is only $16M after 20yrs of Head Coaching gigs, stay away from anything he's investing in.
Senator Tommy Tuberville (whose net worth is approximately $16m)
Posted on 11/18/23 at 4:18 am to BottomlandBrew
After agent fees, taxes, etc; I bet he sees 45% of that. Say he actually got 7 million, that would be a reasonable bet worth after living expenses.
This post was edited on 11/18/23 at 5:43 am
Posted on 11/18/23 at 8:29 am to ApexHunterNetcode
quote:
And how did that dude accumulate the wealth?
You cant be serious
Posted on 11/18/23 at 9:09 am to Street Hawk
quote:
$TXN, $KO, $X, $LPX & $AMAT.
I think KO might be coca cola but I'm to lazy to look it up... What are the others?
Posted on 11/18/23 at 11:30 am to Street Hawk
quote:
Tuberville recently invested $50k in $TSLA $190 puts expiring 12/15/2023
Depending on when he bought the 12/15 TSLA 190 puts and when/if he sold, it’s possible that he’s made serious bank on those. With the recent dip, those puts soared… but have since been crushed as the stock recovered with strong moves upward.
When articles like this one leave out the important details (like timing), it’s impossible to get much from them. But one thing is for certain, that seems like a very large bet on shorter dated options. His net worth means nothing in this situation. It’s the size of his trading account and available trading cash that would add context. I doubt that level of information would be known/available.
But I agree with others here: these rascals shouldn’t be allowed to trade in individual equities or derivatives. There are just too many opportunities for them to pick up information or participate in insider trading.
Posted on 11/18/23 at 11:51 am to Beessnax
Texas Instruments
Coca Cola
US Steel
Louisiana Pacific
Applied Materials
Coca Cola
US Steel
Louisiana Pacific
Applied Materials
Posted on 11/19/23 at 8:46 am to Street Hawk
Football coaches with PE degrees are not good investors.
Posted on 11/20/23 at 12:44 pm to ApexHunterNetcode
quote:
And how did that dude accumulate the wealth? Politics pay big
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