This IPO will fuck up your 401k, put people on Pluto, cure cancer, pop the AI bubble and eat your crayons so you dont have to. Hype, hype, hype.
And allegedly its happening on June 12 because Nasdaq is coming out as a sub.
Ok but how do we make money? The retail wave of cash has to come from somewhere. Especially on the first day.
Obvious play seems like Tesler puts. Because the True Believers hold it and will sell some. But Musky boy might do some weird shenanigans like announce a merger of all his businesses and the hype/rumors might counteract all that to some degree.
But it isnt the only overvalued meme thing the morons are holding. And what else? Just look at the tickers in the daily discussion threads, the usual suspects.
All those things might dip a little on the day. MSTR because bitcoin is a dumpster fire. \[Banned ticker\] because memes, half ass half stock. INTC because grandma. NVDA because its the elephant in the retail room. Surely some of these might do ok in the long run, but they are going to take a back seat during this one IPO. And Melon won't do snake oil salesman pitches to bail any of them.
So the play is bear etfs and puts, then buy the dip on good companies when you take profit. Will you x3 or x5 your money? Maybe not, but the 2nd day rug pull will happen to someone else.
Positions: (plan to) full port into bear ETFs (TSLQ, NVDQ, etc) and associated puts on June 8th. For some brokers/accounts it takes a different number of days for the funds to settle. So I expect the drawdown to begin that week.
TLDR: TSLA, MSTR, INTC, NVDA will go down during the week of SpaceX IPO.