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Betting on TSLA >$160 at end of 2013

Discussion in 'TSLA Investor Discussions' started by JoshG, Aug 30, 2013.

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  1. JoshG

    JoshG Member

    Joined:
    Jun 23, 2011
    Messages:
    422
    There's a BitBet running on Tesla closing above or below $160 at the end of trading on 12/31/13.
    So far there's 2 bets YES and 2 bets NO, but higher dollar wagers are betting on YES so far.

    BitBet - TESLA Motors Stock will end 2013 at or above $160.00/share

    This is a site for actual money betting, using Bitcoins.

    Will be interesting to watch the wagering. Anyone game to place a bet? (assuming you have Bitcoins, and assuming such bets are legal wherever you live - check your local laws.)
     
  2. marvinat0rz

    marvinat0rz Member

    Joined:
    May 10, 2013
    Messages:
    281
    Location:
    Norway
    Just buy January call options at $160. If you can get better odds than this at BitBet, you have a nice arbitrage opportunity.
     
  3. RationalOptimist

    Joined:
    Aug 5, 2013
    Messages:
    185
    Location:
    New York
    Nearly, not quite

    If stock ends year at $161, Jan call options will expire almost worthless. Because the stock is currently above $160 there's no call option you can buy at any price that breaks even or better at $160. Likewise there's no put you can sell that would not make money at $160. No doubt some synthetic combo of calls and puts could approx match the $160 bet... Buying the $160 call and simultaneously selling a put comes close. Or for a lower risk version, just buy the stock!
     

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