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Reddit seeks to launch IPO in March (www.reuters.com)
submitted 2 years ago by to c/technology@lemmy.world
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[–] 39 points 2 years ago (7 children)

I've never bought options before, but I'm in for 10grand and shorting the shit out of this.

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  • [–] 15 points 2 years ago (1 child)

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

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  • [–] 12 points 2 years ago* (1 child)

    Proof or ban

    Oh wait, I forgot we aren't on wallstreet

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  • [–] 6 points 2 years ago (2 children)

    We need a Lemmy version of WSB

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  • [–] 10 points 2 years ago (1 child)

    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

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  • [–] 3 points 2 years ago (2 children)

    TLDR how do?

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  • [–] 2 points 2 years 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.

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