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us1838015 t1_j2cxzuq wrote

Check your company's insider trading policy. I wouldn't want to play that game regardless.

12

theproductassociate t1_j2cy2y1 wrote

Yeah but if I ask someone they'll probably think I'm about to perform insider trading in the first place

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us1838015 t1_j2cyd9o wrote

I feel like you've answered this one for yourself

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theproductassociate t1_j2cyn7c wrote

I haven't. Can you do it for me please?

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us1838015 t1_j2cytl7 wrote

Wouldn't touch it with visualmod's dick.

10

theproductassociate t1_j2cywti wrote

Your mother and I have always told you to not use this language. Put your phone down- we will speak with you in the morning.

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us1838015 t1_j2czd11 wrote

You're trying too hard. But seriously,

  1. are your RSU's vested? Otherwise I don't think you can do a damn thing with them except sit on them. They're restricted by nature

  2. By shorting, do you mean selling options against your shares? Shorting is borrowing a stock in hopes that it's cheaper in the future and pocketing the difference.

  3. If you have any material, non-public knowledge you're a moron for even considering it. Most likely you'll lose your job and sweet equity package.

  4. You definitely belong here. Can't wait to hear the next scheme

8

theproductassociate t1_j2czmeb wrote

  1. Yea they're restricted by now but by the time I execute my shorts they will be ripe for harvest
  2. Whichever method makes me more $$$
  3. The material is with this HR chick I'm banging but she keeps me in the loop
  4. Fuck you.
−2

us1838015 t1_j2czo2h wrote

Please take this to r/thetagang

Btw that post history 🥹

3

Mediocre-Addendum-56 t1_j2d1u7n wrote

Saw post history and was quite an entertaining little ride. The cherry on top was there.

2

Tsra1 t1_j2cyhgx wrote

If you’re not an officer of the company it should be fine. Generally, the company will send out an email to those who need to know if, when and for how long they are restricted from trading company shares. That said, buying a bunch of options one way or the other is a huge red flag to the SEC.

3

Lonely-Job484 t1_j2cxzwp wrote

It depends - are you an insider / someone likely to have access to material non-public information?

2

theproductassociate t1_j2cy1mg wrote

yep

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Zwiebel1 t1_j2d0yji wrote

When you think you are an insider, you probably are an insider. It's really that simple.

3

Heroine_X_Alter t1_j2d21me wrote

I'm pretty sure OP is just searching for that one person that says he isn't going to be in trouble so he can blame someone else for the regarded plan.

2

Additional-Target953 t1_j2cz0ck wrote

Let me shake your hand and welcome you to our big club. Now you're at your first step in becoming a full member. It's a big club and you can be in it.

2

VisualMod t1_j2cxs4j wrote

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1

ILikeCutePuppies t1_j2d06j3 wrote

Only if you know something the public doesn't that could move the needle on the stock price. You don't need to be an officer in the company but generally those are the people who know those critical details.

However if you are told by people in the company about some secret new product, how much the company is loosing (and its not public), have access to financial reports or other such things it could be insider trading.

Generally you should receive training about this subject by the company.

1

Ash0300 t1_j2d0khn wrote

Nobody is gonna know

1

funbis t1_j2d13f7 wrote

Why risk it? Just sell the RSU and use the $$ to short tesla.

Some companies have specific trading policy against shorting company stock. Other wise I do not see reason for getting into legal trouble outside of the blackout period. However if your big boss found out, boss may just find some other reason to get you fired.

1

thebinarysystem10 t1_j2d1rdt wrote

Yep. Don't worry about the stock market silliness, means we are about to see Tesla right around 15 PE

1

Valuable-Desk-667 t1_j2d2h7w wrote

If you have to ask on WSB, then you know you gotta send it. I'm cheering for you

1

fliesenschieber t1_j2d2o4o wrote

I heard the pros do the insider trading using a family members' account. Not financial advice.

1

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1

VisualMod t1_j2cxsh2 wrote

>No, you will not be charged with insider trading if you short your company's stock. However, it is important to note that while Tesla's stock did dip after Elon Musk tweeted that it was "too high IMO," the stock has since recovered and is now trading at a higher level than it was before his tweet. So, while there may be some opportunity for profit in shorting Tesla's stock, there is also significant risk involved.

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