🫧📉 How to profit in a stock market crash (TSLA stock example)

In this video, the speaker explains how to profit from a stock market crash using put options, with Tesla (TSLA) stock as an example.
The speaker mentions that the stock market is down by over 2% while his portfolio is up by 5.3%. He explains that this is because he bought put options on stocks with high beta. Put options give the holder the right, but not the obligation, to sell a stock at a certain price by a certain time. When the stock price goes down, the value of put options goes up. High beta stocks tend to fall more than the overall market in a downturn.
The speaker specifically bought two Tesla put options for about $500 in total. He then sold one of the options for a profit of $1,300. This means that the other put option he bought is now essentially free because the profit from the first option covers the cost of both. He plans to hold onto this second put option until September, which is typically a volatile month for the stock market. Even if the option expires worthless in September, he has already made a profit on the trade.

[bravocortez]

I like when people talk about the stock market and say volatility. Bro, it’s the stock market, it stays volatile no matter what hahahaha.

[alexhuertos]

If I could ask, how do you evaluate stocks ? And how do does evaluations affect your decisions on both call and put options . I’d really like to learn how you go about doing this .

[charlesarmstrong]

Your understanding of beta is incorrect

[andrea]

High beta or did you say theta, if its theta doesn’t that mean you’re losing profit? I’m confused