JOBY: Valuation Still Detached From Reality

Sep 19

JOBY still trades at a huge valuation with no near-term profits. Even if the Fed cuts, higher rates were never the main hurdle. Longs here don’t make sense.

Sep 19

Trade active

I just bought JOBY Oct10'25 15.5 Put 1.11USD

Sep 19

Note

just bought JOBY Oct10'25 16 Put for the same price 1.11USD

7 days ago

Note

The 0.25% cut was priced in, so guidance was the real story. Two more cuts in 2025 weren’t shocking, but the market took it as a green light and piled into high-risk names like PONY, RGTI, JOBY, and SERV. Quantum hype makes sense, but JOBY’s move feels overdone. A 10–20% jump where 3–4% would be reasonable looks stretched.

If I’m wrong, the rally keeps running. If I’m right, we see a pullback in the next 1–2 weeks. And RGTI isn’t finished yet — that trade still has a good chance to work.