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A comment on Meta lays off 11,000 people. Parent comment

Re:Meta lays off 11,000 people by RandomBK on Wednesday November 09, 2022 @02:19PM (#33536511)
Buying some puts also works.
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Re:Meta lays off 11,000 people by throwaw20221107 on Wednesday November 09, 2022 @03:58PM (#33537725)
lol exactly (https://xkcd.com/451)

"i need to short a stock"

"have you tried options?"

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Re:Meta lays off 11,000 people by mattnewton on Thursday November 10, 2022 @10:14AM (#33547648)
buying puts probably isn't going to make you a billionaire though? The maximum return is the difference between the strike and the lowest price before expiration, and prices generally don't drop to 0. Realistically, you would need access to a lot of leverage to become a billionaire with puts, or already be a multi-millionaire.
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