Based on my understanding, it seems that short-selling is widely considered impermissible. Options seem to be considered permissible by some. Put options appear to be an even more gray area.
When NKLA shot up earlier this year, I really wanted to bet against the company. I was convinced it was a fraud. Since then, the stock price has cratered by about 75% as more and more reports came out attacking the company’s claims as lies.
Is there any permissible method to bet against a company like NKLA?