• GreatAlbatross@feddit.uk
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      10 months ago

      If you’re serious, just remember the old saying “Markets can remain irrational a lot longer than you or I can remain solvent”

    • Jeremyward@lemmy.world
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      10 months ago

      Usually they don’t allow options on new stocks until after the cutoff period. Unless your broker allows naked shorting.

      • viking@infosec.pub
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        10 months ago

        Probably not through some online broker, but OTC with an actual trading desk you can short just about anything. In the end it’s just a contract.

        • mcmoor
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          10 months ago

          Well then you need someone on the other side of the deal.

        • Ashelyn@lemmy.blahaj.zone
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          10 months ago

          Do we really though? Don’t get me wrong it’s some of the most entertaining content I’ve seen on the Internet but I think it brings more harm than good on the whole, especially with the fervor around GME that spun off into being downright delusional. I’d prefer if we don’t end up bringing that over here tbh.

          I think the ‘old’ wsb even would be sort of borderline with the egging on and memefication of gambling one’s life savings on weeklies

    • themaninblack@lemmy.world
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      10 months ago

      I think what may buoy them is the fact that you must append “Reddit” to searches, however, ChatGPT, DuckDuckGo, and Kagi are giving them a run for their money

    • NotMyOldRedditName@lemmy.world
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      10 months ago

      Not financial advice, but there’s been a few times I wanted to short something (I didn’t in the end) but one thing to watch out for after an IPO is the date insiders are allowed to start selling stock. It’s often 6 months or so after the IPO and can cause share price to drop.

      So if a company jumps in value post IPO, there might be an opportunity to short it at some point, with the options expiring a period of time after the insider sell off date.

      I imagine I’m going to do some paper trades on reddit on this and see what happens. I’m rooting for them to do poorly. Fuck u/Spez

      Edit: And to clarify, I mean buy puts on something. I’d never short something directly.