Harry Stebbings

So I started saying to myself, okay, Rory, today options became tradable for the first time.

So I started saying to myself, okay, Rory, today options became tradable for the first time.

If I think it's going to go down, you can make that bet.

If I think it's going to go down, you can make that bet.

So you go on and you price it and you realize how hard it is to make money.

So you go on and you price it and you realize how hard it is to make money.

I mean, roughly six months at the money puts, the idiot version, the right to sell the stock at the same price six months from now, right?

I mean, roughly six months at the money puts, the idiot version, the right to sell the stock at the same price six months from now, right?

It's going to be depending on, they're estimating volatility so high.

It's going to be depending on, they're estimating volatility so high.

And volatility is what drives the pricing of options.

And volatility is what drives the pricing of options.

And options, stepping back a million miles, options are the coward's way of shorting the stock.

And options, stepping back a million miles, options are the coward's way of shorting the stock.

You know, if you short the stock naked, you can lose all your money.

You know, if you short the stock naked, you can lose all your money.

If you buy a put option, you just, you know, you're taking a bet and the worst case is you can lose the amount of the consideration.

If you buy a put option, you just, you know, you're taking a bet and the worst case is you can lose the amount of the consideration.

So it's the baby way of shorting and I'm a baby, right?

So it's the baby way of shorting and I'm a baby, right?