TL;DR
A Redditor bets big against Carvana, expecting a price drop, while others debate the company’s actual value and the risk of such a bet.
Story
Ever felt that gut-wrenching mix of excitement and terror? That’s how some folks betting against Carvana (CVNA) feel right now. They’re like gamblers at a high-stakes poker table, convinced they have the winning hand. They’ve bought “puts,” which is like betting the price of CVNA will drop. It’s a risky move – if CVNA goes up, they lose big. But if it goes down, they could make a killing. One Redditor is bragging about his big bet, sharing a screenshot of his puts and claiming he’s “ready for the crash and burn.” He’s been gathering these puts, stacking them up like kindling, waiting for the stock price to plummet. Others are cheering him on, some even considering jumping on the bandwagon. But not everyone’s convinced. Some point out the risk, saying the cost of these puts is sky-high. One person compares it to buying a lottery ticket – low chance of winning big, but if you do…Ferrari time! Meanwhile, others are debating Carvana’s value. Some say the company is headed for disaster, while others think it’s worth something, even with potential problems. It’s a wild west out there, folks. Just remember, never invest more than you can afford to lose, especially when playing with fire like this.
Advice
Betting against a company, especially like this, is high-risk, high-reward. Make sure you understand the risks before joining the fray. Never bet more than you can afford to lose!