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Ugh I’ve got so much tied up in Oil that I can’t sell and Robinhood takes forever to get more $$ loaded so I could only pick up one stinkin CZR put.
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Mar 12, 2020 15:31
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sleepy gary posted:I guess that's true. I'm not anywhere near that stage yet so I don't have a good idea of what you're supposed to be in at that point. 
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Mar 12, 2020 15:31
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Dwight Eisenhower posted:Mental compartmentalization is a skill I had to cultivate in other contexts, it's really useful here too. Not an empty quote. Why do you think we went from super rich people to mega rich after 2007-2008? They stayed invested. It sucks to see a big red number but the market has seen a lot of big red numbers. Panic selling right now is really bad idea unless you really are looking down the barrel of your last 10 years on earth and even then you probably should hold.
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Mar 12, 2020 15:32
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sleepy gary posted:Sucks if you were planning to retire this year though. My dad's already retired and his accounts are down $35k in the last month.
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Mar 12, 2020 15:35
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sleepy gary posted:I guess that's true. I'm not anywhere near that stage yet so I don't have a good idea of what you're supposed to be in at that point. before this bull market some long term wisdom says to keep your age in bond % so it gradually rises every year until stock market crashes dont affect what you've got put away for retirement. I've been doing that so my retirement accounts aren't as bad as they would be if they were 90 stocks / 10 bonds but I've been waiting for this recession since Trump took office so didn't get as much of the run up (not that it matters now) e: this should probably be more for the Long Term investment thread
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Mar 12, 2020 15:36
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Goddamn I should just take a day off and read O&G 10-ks. There might be some crazy bargains in the bonds coming up.
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Mar 12, 2020 15:36
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Amazon down to $1750. Once it bottoms out that's gonna be a loving bargain.
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Mar 12, 2020 15:38
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Bored As gently caress posted:My dad's already retired and his accounts are down $35k in the laat month. solution: don't draw down from your equities, it's paper money until you sell he is in a balanced portfolio right?? right?? 
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Mar 12, 2020 15:38
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So I bought the CZR put suggested in my degen Robinhood about and it's in danger of being in the money. Do I still just sell the contact?
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Mar 12, 2020 15:38
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Oscar Wild posted:Not an empty quote. Why do you think we went from super rich people to mega rich after 2007-2008? They stayed invested. It sucks to see a big red number but the market has seen a lot of big red numbers. Panic selling right now is really bad idea unless you really are looking down the barrel of your last 10 years on earth and even then you probably should hold. This is why, in a downturn, you never. stop. buying. stocks. At the very least never sell for 25-30, but buying stocks every single day is such a great way to get ahead during the inevitable recovery. Never forget that the American government is essentially all-powerful. There is a vested, compelling, absolute interest for both the government and the oligarchy to have the stock market return a shitload of money in the long term and for american businesses to get stronger and stronger and bigger and bigger. This is why I think the stock market will never be defeated and I invest everything I can into it.
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Mar 12, 2020 15:39
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KYOON GRIFFEY JR posted:solution: don't draw down from your equities, it's paper money until you sell Yeah he's still okay overall, just sucks that he's gonna be going down even more in the next few months. He's 72 so I feel like maybe he should take some out now before the real recession. Idk if he would do that though.
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Mar 12, 2020 15:42
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Bored As gently caress posted:Same. Thank you Lote! I only wish I bought $5k worth! I had 4/3 puts at $9.5 from his first post. Doubled down for 9/17 puts at $7 from his more detailed Effort Post
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Mar 12, 2020 15:42
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CZR puts are up 100% sell button's shaking its sexy butt at me
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Mar 12, 2020 15:43
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sleepy gary posted:I guess that's true. I'm not anywhere near that stage yet so I don't have a good idea of what you're supposed to be in at that point. I thought you were Polyanna because of your av
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Mar 12, 2020 15:46
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My early $100 Disney puts are up 400% overall. I should sell, right?
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Mar 12, 2020 15:47
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Dwight Eisenhower posted:CZR puts are up 100% Thanks to lote I bought 10 9/17 $8p for $790. Wish I’d gotten more!
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Mar 12, 2020 15:48
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Bored As gently caress posted:My early $100 Disney puts are up 400% overall. I should sell, right? Are they weeklies or what? And what strike price. I bailed on my 3.27 $40 puts today with a nice lift, but I am an insane person doing weeklies outside of plausible ranges.
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Mar 12, 2020 15:52
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If I wanted to place my first ever put/call on something affordable today what would you guys do? I am mostly looking to understand how it works as well as strike while this craziness is going on
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Mar 12, 2020 15:54
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Oscar Wild posted:unless you really are looking down the barrel of your last 10 years on earth Well, the way this is rolling out in the US, we gonna lose a few million people in the next year. Will we get an actual plan for containment tonight? I'm honestly wondering if the joint chiefs step in at some point and say "ok buddy, we need to actually do something not related to tax breaks here"
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Mar 12, 2020 15:57
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1st_Panzer_Div. posted:Are they weeklies or what? And what strike price. I bailed on my 3.27 $40 puts today with a nice lift, but I am an insane person doing weeklies outside of plausible ranges. Bought them early March. Both are $DIS. 1 contract $100p 3/20 expiry, 1 $100p 4/17 expiry.
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Mar 12, 2020 15:57
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drat its a loving massacre.
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Mar 12, 2020 16:06
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So I've been comparing CZR and SPY puts and it seems you make more money from DOTM SPY puts than from almost ITM CZR puts even after a the stock fell about 17% (compared to SPY's 7%) I'm seeing almost double the gain for much less of a premium. Feeling a bit less sad about not going in now.
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Mar 12, 2020 16:12
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Ur Getting Fatter posted:So I've been comparing CZR and SPY puts and it seems you make more money from DOTM SPY puts than from almost ITM CZR puts even after a the stock fell about 17% (compared to SPY's 7%)
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Mar 12, 2020 16:26
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jokes posted:This is why, in a downturn, you never. stop. buying. stocks. At the very least never sell for 25-30, but buying stocks every single day is such a great way to get ahead during the inevitable recovery. I've been heavy on cash for a looong time and feeling like an rear end in a top hat (this is after generally maxing retirement so still in a good spot) and have been buying in a little every day since the first 10% drop. Didnt' max my Roth at beginning of year, thankfully, and my brother just reminded me to maybe use that instead of my brokerage, so that's the move today. Also, because I changed companies I haven't had access to a 401k for the first part of the year and plan on contributing extra now.] I agree with your overall assessment, in that I don't see anything fundamentally changing about the American economy in response to the virus or the current political landscape (rip bernie), so it's a solid investment. Just been waiting for prices to make more sense. cr0y posted:If I wanted to place my first ever put/call on something affordable today what would you guys do? I am mostly looking to understand how it works as well as strike while this craziness is going on Aren't there sites that let you paper trade options for a bit to figure out how they work? Probably the MarketWatch game site.
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Mar 12, 2020 16:27
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I’m pounding on my desk chanting “BLOOD! BLOOD! BLOOD!”
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Mar 12, 2020 16:28
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S&P futures header back toward 2500... https://www.youtube.com/watch?v=uwiTs60VoTM edit: I now have 20+ emails about COVID-19. Everyone from Hilton, to JetBlue, to the regional grocery store chain... "Please please please don't leave us! It'll be fine! We're washing our hands more! Please! We can change...!" FreelanceSocialist fucked around with this message at 16:32 on Mar 12, 2020 |
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Mar 12, 2020 16:29
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androo posted:I've been heavy on cash for a looong time and feeling like an rear end in a top hat (this is after generally maxing retirement so still in a good spot) and have been buying in a little every day since the first 10% drop. Didnt' max my Roth at beginning of year, thankfully, and my brother just reminded me to maybe use that instead of my brokerage, so that's the move today. Also, because I changed companies I haven't had access to a 401k for the first part of the year and plan on contributing extra now.] You can use paper money on TD Ameritrade and get access to thinkorswim for a deposit of like $200 IIRC. Or maybe no deposit at all. Driving one of the better trading platforms as your paper trading tool is a leg up on learning IMO.
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Mar 12, 2020 16:30
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androo posted:
This is probably a better idea. I should prob stick to good old buying/selling shares for now. With that being said anyone got any cheap picks that might see a pop with more federal involvement probably coming?
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Mar 12, 2020 16:31
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Good place here to avg down on few longs and reroll puts.
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Mar 12, 2020 16:32
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Personally I am expecting banks to get a handout at some point. BAC. WFC.
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Mar 12, 2020 16:32
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Hey theres your GILD buying opportunity I suppose
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Mar 12, 2020 16:34
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Ulio posted:Good place here to avg down on few longs and reroll puts. What's that mean exactly, sorry? My 7/17 $275 Put is up 3x so I wouldn't mind doing the Smart Thing
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Mar 12, 2020 16:34
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Ulio posted:Good place here to avg down on few longs and reroll puts. I've been thinking that today.... but my original thesis was we don't see a bottom until videos of people falling over dead in walmarts are all over facebook. Don't time the market lol. I think I'm holding all these loving puts.
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Mar 12, 2020 16:35
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Trump said insurance companies would cover treatment with no co-pays. AHIP spokeswoman corrects to only diagnosis with no copays: https://twitter.com/owermohle/status/1237922717699014658 Pattern to watch for: Trump doubles down on treatment, health insurers stocks take a nosedive, they cry boohoo, get check from Fed. GoGoGadgetChris posted:What's that mean exactly, sorry? My 7/17 $275 Put is up 3x so I wouldn't mind doing the Smart Thing You can sell a vertical to roll that down to 7/17 $252 PUT and pull ~$11.90 out of the position into cash. That's probably a substantial chunk of your buy in that you can't lose now.
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Mar 12, 2020 16:38
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Baddog posted:
Agreed, fellow bad dog, but this is certainly a fun use for the play money!
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Mar 12, 2020 16:39
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Baddog posted:I've been thinking that today.... but my original thesis was we don't see a bottom until videos of people falling over dead in walmarts are all over facebook. Ya I am adding longs exactly cause I can't time the market. Not sure where it will go so I avg down a bit and rerolled the puts. GoGoGadgetChris posted:What's that mean exactly, sorry? My 7/17 $275 Put is up 3x so I wouldn't mind doing the Smart Thing Basically I had march 20 Spy 260 puts, I sold for profit and bought another put for the same day but lower strike. . Lets say I made net profit of $100 on my first trade, I will buy a put that costs me less than my previous net profit so even if I am wrong I am still profit. Since I can't know if the move will continue toward this direction but I want to take my profits at the same time This strategy is great when there is momentum and volatility because with OTM puts this has some insane risk/reward ratio.
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Mar 12, 2020 16:43
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Dwight Eisenhower posted:You can use paper money on TD Ameritrade and get access to thinkorswim for a deposit of like $200 IIRC. Or maybe no deposit at all. Paper trading options doesnt work by default FYI. You have to apply for a level 2 margin account which will ask some personal info. Don't say you have 0 years options experience and $20 to your name otherwise you'll be denied
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Mar 12, 2020 16:46
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This is absolutely nuts
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Mar 12, 2020 16:48
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gently caress this. I'm moving to cash for a few days. Godspeed, degenerates.
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Mar 12, 2020 16:50
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I'm the idiot who tried to time the markets and it's working out and I will learn nothing but terrible habits from this.
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Mar 12, 2020 16:50
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