Below, is our new Analysis tab in the ORATS Dashboard. The circled cyan horizontal bar shows the open interest in the May $44 strike options that mostly traded on March 25th. Implied volatility graphed below that started to rise that day (purple arrow up) into the big announcement today that Musk is making a 'passive' 9% investment in Twitter shares.
There was a guy on here a while back that waited until Twitter had decent earnings (it grew, but at a slower rate) and he thought he had a "see, I told you so!" moment to do a victory lap. He scolded me for being blinded by political bias when I stated earlier that censorship and alienating a large part of the Twitter community would have a negative effect on the company and stock price while he argued that censorship and cracking down on free speech was exactly what Twitter needed as too many fragile people were being offended and driven away from the platform. The irony of the situation is that it was not me that was blinded by political bias, but him. He seemed so confident in his view and even demanded that I admit I was wrong. Well, shortly after that post Twitter plunged over 50% and traded in the same range it was in 2014, significantly below the IPO price. While he would likely argue that other internet stocks were in the same boat, I think yesterday definitely proved that no, more censorship is not good for Twitter and internet companies in general. The stock was not up 27% in one day with more gains added so far today because people think Elon will bring more restrictions and further eradicate free speech on Twitter. He's spoken out against censorship many times and even recently posted a poll on Twitter about doing something about it. It appears now that even the Founder agrees in a tweet with interesting timing. I hope Twitter becomes a freer platform. Regardless of where you stand politically, I think we can all agree that attempting to control speech in an effort to control thought is never a good thing.
I remember on r/WSB somewhere I read a post on the richest person in the world being African. Those guys are hilarious. I love their loss porn but some of those bets and parlays they make are unreal. They really are degenerate gamblers. I think there was a post yesterday about someone taking $1K to $120K and back down to $5K. They have no risk management at all.
I already switched over to Telegram. Doubt I would go back after what I've seen them do. They are the actual problem. Elon taking a position wont change anything and its just more reddit effect pumping... they made him a God Like figure and its gone to his head. Meanwhile, he has plans that are close to complete to offshore most all of Tesla USA production...à la Apple.
With elon at twitter there should be a lot of new trade opportunities just like we see in tesla stock ...Huge swings caused by Elon's strategically targeted manipulative twits which will be more eccentric then ever.