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Tatsuta Age
Apr 21, 2005

so good at being in trouble


the next breaker is at 15%? what are the odds of that happening?

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Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.

FreelanceSocialist posted:

gently caress this. I'm moving to cash for a few days. Godspeed, degenerates.

Are you retiring in the next 5 years?

You're probably making the losing move unless you are.

Handsome Wife
Feb 17, 2001

Tatsuta Age posted:

the next breaker is at 15%? what are the odds of that happening?

13%, and not very high unless Trump opens his loving mouth again.

FreelanceSocialist
Nov 19, 2002

Dwight Eisenhower posted:

Are you retiring in the next 5 years?

You're probably making the losing move unless you are.

Don't worry - I'm just selling my gambling positions and not touching things again until maybe mid-week.

cr0y
Mar 24, 2005



Handsome Wife posted:

unless Trump opens his loving mouth again.

Uh

Garfu
Mar 6, 2008

Much like buttholes, families are meant to be tight.
Much like greasyhands, my NVDA and TQQQ puts would be worth several million dollars right now had I not panic sold them for basically nothing 3 weeks ago. Likely wouldn't have held them this long obviously... but still... meh

Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.

FreelanceSocialist posted:

Don't worry - I'm just selling my gambling positions and not touching things again until maybe mid-week.

:thumbsup:

FreelanceSocialist
Nov 19, 2002

Garfu posted:

Much like greasyhands, my NVDA and TQQQ puts would be worth several million dollars right now had I not panic sold them for basically nothing 3 weeks ago. Likely wouldn't have held them this long obviously... but still... meh

Not quite as bad as when I sold my June SPY 270 puts a few weeks ago. Had I held, well, I could probably buy most of Italy or something.

pixaal
Jan 8, 2004

All ice cream is now for all beings, no matter how many legs.


Handsome Wife posted:

13%, and not very high unless Trump opens his loving mouth again.

It's based on close of day yesterday not open today, 13% is something like SPY 240 which would stop for the day unless it doesn't happen until after I think 3:15?

Handsome Wife
Feb 17, 2001

pixaal posted:

It's based on close of day yesterday not open today, 13% is something like SPY 240 which would stop for the day unless it doesn't happen until after I think 3:15?

13% is another 15-minute pause, trading stops for the day at 20%.

FreelanceSocialist
Nov 19, 2002

quote:

Level 1: A drop of 7% from the prior day's closing price of the S&P 500 triggers a 15-minute trading halt. Trading is not halted if the drop occurs at or after 3:25 p.m. ET.
Level 2: A drop of 13% triggers a 15-minute halt. Trading is not halted if the drop occurs at or after 3:25 p.m. ET.
Level 3: A drop of 20% triggers a halt for the rest of the trading day, and trading resumes the following day.

Agronox
Feb 4, 2005

https://twitter.com/calculatedrisk/status/1238131924473802752?s=21

Josh Lyman
May 24, 2009


S&P testing 2500

Hit Man
Mar 6, 2008

I hope after I die people will say of me: "That guy sure owed me a lot of money."

Ships a sinking lads

jokes
Dec 20, 2012

Uh... Kupo?


Remember your ABCs:

Always Be CBuyingstocksforever. At your deathbed, your final regret is that you didn't invest more money into the stock market.

movax
Aug 30, 2008

Very upset at myself for not getting more puts yesterday... they be a printing today.

Still not at December 2018 levels where I entered...sigh. Didn't actually cash anything out for taxes this year, just put it all back in. :shobon:

pixaal
Jan 8, 2004

All ice cream is now for all beings, no matter how many legs.


My May 15 H puts have been bugging me for a few days, exited them today at 500%, if H goes bankrupt there's only 400% from what I sold them left so I'm good I'm really good with cashing out. The number was just getting too big and hey it's enough of a win, my final justification was I couldn't even retire if they went under so why hold that loto ticket, I certainly wouldn't buy it for the price I sold it for.

mbt
Aug 13, 2012

movax posted:

Very upset at myself for not getting more puts yesterday... they be a printing today.

Still not at December 2018 levels where I entered...sigh. Didn't actually cash anything out for taxes this year, just put it all back in. :shobon:

You didnt invest in bitcoin in dec 2018. Look on the bright side

Shammypants
May 25, 2004

Let me tell you about true luxury.

We're flipping over into a better world where the perma bulls are the lunatic loving morons who should be ignored and the regular folk realize the downside risks.

FreelanceSocialist
Nov 19, 2002
My loving coworker showed up to the office today sick. "I had some stuff to finish and I don't like using my laptop at home." Symptoms match coronavirus. "Oh I didn't know." loving moron. Stupid loving moron. gently caress. FUUUUUUUCK.

Nice knowing you guys.

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog

FreelanceSocialist posted:

My loving coworker showed up to the office today sick. "I had some stuff to finish and I don't like using my laptop at home." Symptoms match coronavirus. "Oh I didn't know." loving moron. Stupid loving moron. gently caress. FUUUUUUUCK.

Nice knowing you guys.

I hear ya bud. I've had a fever, dry cough, diarrhea and sore throat for 2 days now and have had the following interactions today:

Boss - Are you able to come in at ALL? We really have a lot to get done this week

Doctor - Have you been to, or in contact with anyone that was recently in, China, South Korea, or Italy? No? OK bye lmao


In the past 12 days I've been in San Francisco (by air!!) and six different counties across Oregon that have all had community transmissions but they're just not testing. And without actual test results indicating covid19, my employer keeps nagging at me to come in :laugh:

numberoneposter
Feb 19, 2014

How much do I cum? The answer might surprise you!

im like 90% down lol at least i only started with 10k welp its been fun maybe ill check back on them in 10 years :tipshat:

DevCore
Jul 16, 2003

Schooled by Satan


GoGoGadgetChris posted:

I hear ya bud. I've had a fever, dry cough, diarrhea and sore throat for 2 days now and have had the following interactions today:

Boss - Are you able to come in at ALL? We really have a lot to get done this week

Doctor - Have you been to, or in contact with anyone that was recently in, China, South Korea, or Italy? No? OK bye lmao


In the past 12 days I've been in San Francisco (by air!!) and six different counties across Oregon that have all had community transmissions but they're just not testing. And without actual test results indicating covid19, my employer keeps nagging at me to come in :laugh:


cool cool cool, we're hosed.

FreelanceSocialist
Nov 19, 2002
The US is too loving stupid to continue to exist and I think this is the warning shot across the bow. My coworker literally walked into the meeting and casually announced "Yeah I feel like poo poo but I took some Dayquil and the fever is down so..." and then he laughed off my suggestion to get the gently caress out. So I walked out. I'm working remotely starting tomorrow.

At least I have priority healthcare access due to my wife's job. Her clinical team is like DEFCON 1 right now.

FreelanceSocialist fucked around with this message at 17:40 on Mar 12, 2020

Agronox
Feb 4, 2005

GoGoGadgetChris posted:

Doctor - Have you been to, or in contact with anyone that was recently in, China, South Korea, or Italy? No? OK bye lmao

They should really add "New York City" and "Washington State" to that list.

edit: and "All of Europe"

cr0y
Mar 24, 2005



What would a realistic fed move be at this point?

FreelanceSocialist
Nov 19, 2002
They've only got a few rounds left in the magazine and their aim sucks so not sure it will matter.

Agronox
Feb 4, 2005

cr0y posted:

What would a realistic fed move be at this point?

Nothing. It's not a problem the Federal Reserve can solve.

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog
There's only one virus that you cure by injecting money into it

Speaking of, will the NBA refund ticket holders, reschedule games, tell you to kick rocks, etc?

jokes
Dec 20, 2012

Uh... Kupo?

What anyone can do is just chill out, have a pint, and wait for this whole thing to blow over. Or Trump can start talking and blow everything up (again).

Doccykins
Feb 21, 2006
chickened out and sold the last contract of my daily 2596 put at 100, somehow up 46% against a 9% down market. Options are like playing craps dark side.

street doc
Feb 20, 2019

Why the gently caress is gold down? Every government on the planet is gonna be doing QE.

Josh Lyman
May 24, 2009


/ES just ripped up 40 points in 3 minutes. I’m fine with some volatility for swing trading but this is too much.

dpkg chopra
Jun 9, 2007

Fast Food Fight

Grimey Drawer
Only thing that could boost the markets at this point if Trump somehow gets Congress to signal approval for some sort of bailout package, which isn't completely impossible, House Democrats still have to answer to their constituents who are getting hosed by all of this.

Josh Lyman
May 24, 2009


Looks like NY Fed is doing $500b repo tonight and tomorrow.

$300-500b available weekly rest of this month

Josh Lyman fucked around with this message at 18:01 on Mar 12, 2020

dpkg chopra
Jun 9, 2007

Fast Food Fight

Grimey Drawer
Just realized that $CZR is halted holy lol

Doccykins
Feb 21, 2006
cnbc just announcing a massive stimulus from the fed, holy gently caress i actually timed the market dont let me do that

Ulio
Feb 17, 2011


Josh Lyman posted:

Looks like NY Fed is doing $500b repo tonight and tomorrow.

Another 500bln on top of that for the 3 months after.

Gld bouncing off this as well.

FreelanceSocialist
Nov 19, 2002
I just got rid of my last remaining BAC calls. Limit was 0.35 and they went for 0.49 when the bid at the time was 0.30. Totally fine... just :psyduck:

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Ulio
Feb 17, 2011


Let's see if don't fight the fed holds up. With 1 trillion injected in 2 days.

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