re: Senator Tommy Tuberville is betting against Tesla

quote:

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Tuberville recently invested $50k in $TSLA $190 puts expiring 12/15/2023

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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.