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It would be pretty funny if Argentina defaulted on the biggest IMF loan in history like 9 months after they got the loan. Another successful diplomatic mission!
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Aug 12, 2019 17:02
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Went in on some cheap Argentine bank stocks. Their balance sheets are relatively healthy so assuming the country doesn't literally collapse they should recover a good bit of value.
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Aug 12, 2019 18:12
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$DB down almost 10% today on no news. (Or do they have a bunch of exposure to Argentina?) They gonna become insolvent like Lehman?
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Aug 12, 2019 18:23
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Lote posted:$DB down almost 10% today on no news. (Or do they have a bunch of exposure to Argentina?) They gonna become insolvent like Lehman? FinTwit is buzzing about the derivatives market indicating liquidity is drying up amongst the Euro banks. Pulled the trigger on some OTM SPY puts, it seems the only reason why we aren't down more is because of the whole There is No Alternative trade.
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Aug 12, 2019 18:42
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high volatility basically = less liquidity, so that wouldn't surprise me.
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Aug 12, 2019 19:23
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Dat tlt
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Aug 12, 2019 19:54
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I want to see it, the 2s/10s invert and we break 283 on the spy. Lost on a few trades today buying the dip but managed to keep the losses low.
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Aug 12, 2019 19:59
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Woodchip posted:Dat tlt
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Aug 12, 2019 21:19
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I was totally unfaithful to my vow about not touching JD before earnings. I bought weekly calls, albeit a very small position. The lack of any major run up in advance of earnings made it a more attractive entry point in my opinion. If they can get the Hong Kong airport open overnight, I expect a minor rally tomorrow anyway.
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Aug 12, 2019 21:37
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LLCoolJD posted:I was totally unfaithful to my vow about not touching JD before earnings. I bought weekly calls, albeit a very small position. The lack of any major run up in advance of earnings made it a more attractive entry point in my opinion. Lots of option buyers of calls on that right now so maybe something is up who knows. p/c looks good for a stock in that spot. Also I think if CPI is lower than the expected 0.2% tomorrow, we see this bond rally go into super nova mode.
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Aug 12, 2019 22:02
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Ulio posted:I want to see it, the 2s/10s invert and we break 283 on the spy. Lost on a few trades today buying the dip but managed to keep the losses low. Isn't the better play shorting ahead of the potential inversion? Remember how the algos freaked out during that first inversion last year... If somehow the SPY rallies to 295, I'll bail. The potential downside looks too crazy to pass up.
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Aug 12, 2019 22:37
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10/2 bond just hit 59 bp Really curious to see what happens when it goes under 1.6, when will the government step in. 1.5? 1.3? 
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Aug 13, 2019 07:57
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I've been burned before by it collapsing at open, but if this holds then I might make a few bucks off of my JD calls.
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Aug 13, 2019 13:19
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Christ almighty what a start to the day. I got into a bunch of bad trades last night but this huge rip at the open completely undid all those mistakes... hilarious
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Aug 13, 2019 15:01
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Surging on relaxing of some tariffs.
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Aug 13, 2019 15:02
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Turnaround Tuesday
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Aug 13, 2019 15:10
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HamsterPolice posted:Turnaround Tuesday 
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Aug 13, 2019 15:21
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I’m not entirely sure how much I lost yesterday, but I think I’ve recovered all of it this morning. The market is just a piñata for Trump and his trade goons.
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Aug 13, 2019 15:24
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Oh look, uso can go up, that’s a nice surprise
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Aug 13, 2019 15:43
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wtf OSTK. https://www.globenewswire.com/news-release/2019/08/12/1900782/0/en/Overstock-com-CEO-Comments-on-Deep-State-Withholds-Further-Comment.html
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Aug 13, 2019 17:42
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fougera posted:wtf OSTK.  crazy poo poo!Stock down about 15%.
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Aug 13, 2019 17:58
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Uh, if anyone investing in OSTK didn’t already know the CEO was nuts, that’s on them in the year 2019.
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Aug 13, 2019 18:13
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fougera posted:wtf OSTK. wtf...
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Aug 13, 2019 18:48
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Toxic Mental posted:10/2 bond just hit 59 bp Banks are trapped in a vortex, particularly at the long end of the curve. It's going to take a mini-QE4 (though called something else to avoid spooking people) before the end of the year and even that may not be enough to escape the event horizon. On a short term basis equities will resist mightily thanks to interference from WH (e.g. today, waited for a low gamma day to ram shorts with the fake trade news) but I would suggest that people pay more attention to the story being told by ZB than ES
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Aug 13, 2019 20:45
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I got some Jan2021 $140 GLD calls. Not cheap, but I have fairly high hopes for gold continuing to climb over the next year.
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Aug 13, 2019 20:45
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Tariff man is out of control. My JD position that set me on fire last week is now in the green. With all this volatility I'm thinking it might be time to work up the courage to get into options.
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Aug 13, 2019 20:51
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Bloodnose posted:Tariff man is out of control. My JD position that set me on fire last week is now in the green. With all this volatility I'm thinking it might be time to work up the courage to get into options. Slowly chanting: week-lies, week-lies
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Aug 13, 2019 21:03
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SPY closing right at the April high. It doesn't get more dramatic than this!
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Aug 13, 2019 21:09
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LLCoolJD posted:
It’s just wild that all of life’s craziness is just converging. I cannot read about any single topic these days without it ending with like someone being a white nationalist or Q Anon weirdo or a pedophile or a Russian assassin or some poo poo.
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Aug 13, 2019 21:48
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It's loving awful all around.
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Aug 13, 2019 22:45
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LLCoolJD posted:I got some Jan2021 $140 GLD calls. Not cheap, but I have fairly high hopes for gold continuing to climb over the next year. I am actually up a lot on 170 calls I bought in June but those are super OTM, I still held on to those when GLD was around 145.. I also bought 140 Jans call today on the massive dip. SLV also looking interesting here but that it has no volatility in options so I rather own the etf but I will wait a bit more on that since Silver has been such an underperformer. Gonna keep an eye out on the Hong Kong riots + China military situation and if China strengthen the yuan after Trumps pullback on tarriffs.
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Aug 13, 2019 22:51
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The 2/10 bond yields inverted last night, you’ll likely see huge downswing at 9:30 across all sectors of this doesn’t somehow recover. Guess who’s in a short position 
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Aug 14, 2019 11:23
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WeWork files for IPO... Great timing guys! Welcome!
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Aug 14, 2019 12:13
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With pumpkin spice season starting up it got me thinking about the Becky ETF. Was there here or reddit people were talking about it? I wonder how it performed.
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Aug 14, 2019 12:56
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R.I.P., OSTK. Who's the second-in-command over there, John McAfee? So far, I'm feeling pretty good about this: LLCoolJD posted:I got some Jan2021 $140 GLD calls. Not cheap, but I have fairly high hopes for gold continuing to climb over the next year.
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Aug 14, 2019 12:56
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I’ve qualified for platinum on spend on AA and I have 33k miles and 36 segments. I saw a basic economy ticket for $800 two days ago. I’m most likely going to ask my exec plat friend for two SWUs and do a good ol mileage run to Singapore in TYOOL 2019 because being gold for another year is the pits. I missed platinum last year by 2 segments and 3k miles. Uggggghhhhh.
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Aug 14, 2019 13:24
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Ah I am getting excited for more volatility but this whole market has been a huge bear trap so shorting equities will be hard. Good for GLD, TLT and the yen.
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Aug 14, 2019 13:39
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Ulio posted:Ah I am getting excited for more volatility but this whole market has been a huge bear trap so shorting equities will be hard. Good for GLD, TLT and the yen. Trying to decide when to double down Lote posted:I’ve qualified for platinum on spend on AA and I have 33k miles and 36 segments. I saw a basic economy ticket for $800 two days ago. Airline miles a safe haven trade?
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Aug 14, 2019 14:08
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fougera posted:Trying to decide when to double down Posted in the wrong thread. Airline miles inflate faster than Argentinian currency. The major us airlines give you the crappiest routings for their lowest tier awards. Also, that mileage run I’m talking about is cheap because the economy is crashing. $<500 flights to Asia. $400 flights to Europe.
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Aug 14, 2019 14:55
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Closed my short position on the micro ES futures for 50.25 points of gain, which was a legit $1000 winner which doubled my account. This short I did last night is might be saving my life because maybe now I can afford to go to a doctor.
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Aug 14, 2019 15:14
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