|
I picked up some X calls way the gently caress out yesterday. Strangely up a little. Hopefully I remember I have these
|
#
?
Mar 13, 2020 03:24
|
|
|
|
| # ? Jun 3, 2024 10:36 |
|
|
I'm feeling pretty good about having taken a 401k loan in jan because I thought I was gonna have to buy a car.
|
|
#
?
Mar 13, 2020 03:25
|
|
|
Futures down another 3%. Gonna hit limit down 3 days in a row?
|
|
#
?
Mar 13, 2020 03:35
|
|
|
Pretty interesting article - https://www.sciencemag.org/news/2020/03/china-s-aggressive-measures-have-slowed-coronavirus-they-may-not-work-other-countries Two widely used mobile phone apps, AliPay and WeChat—which in recent years have replaced cash in China—helped enforce the restrictions, because they allow the government to keep track of people’s movements and even stop people with confirmed infections from traveling. “Every person has sort of a traffic light system,” says mission member Gabriel Leung, dean of the Li Ka Shing Faculty of Medicine at the University of Hong Kong. Color codes on mobile phones—in which green, yellow, or red designate a person’s health status—let guards at train stations and other checkpoints know who to let through.
|
|
#
?
Mar 13, 2020 03:36
|
|
|
1st_Panzer_Div. posted:There was basically 0 warming to oil war, and its not like financial experts know anything about pandemics. I mean I agree, the signs that we were due for a correction were there, but there was very little indication that everything would collapse so quickly. Hell, even property in Australia is starting to look shaky so we are approaching the point where boomers are now nervous
|
|
#
?
Mar 13, 2020 03:42
|
|
|
Honestly guys, what kind of rationale is "there was very little indication it would be this bad" like what were you expecting? When China started literally shutting down and the market kept rallying that was your marker. Yes, I know I misplayed it so I can barely comment, but what exactly would you expect as a sign of a crash *before* a crash if not the second largest economy in the world rapidly shutting itself down and getting like 2 weeks in lala land to think about it before it finally crashed? I might argue it was the most clearly telegraphed and playable crash maybe in history. The dotcom and housing bubbles took *forever*, dec 2018 kind of came out of nowhere.... this one took a few weeks with *very* cheap puts available basically the whole time in the lead up. It's absolutely maddening, it was so obvious i thought i was losing my goddamn mind and surrendered to the herd.... oh boy im getting emotional again
greasyhands fucked around with this message at 03:53 on Mar 13, 2020 |
|
#
?
Mar 13, 2020 03:49
|
|
|
Jack Daniels posted:
Goddamned it Jack you genius, how have the market makers missed it!? All. In.
|
|
#
?
Mar 13, 2020 03:59
|
|
|
greasyhands posted:Honestly guys, what kind of rationale is "there was very little indication it would be this bad" like what were you expecting? When China started literally shutting down and the market kept rallying that was your marker. Yes, I know I misplayed it so I can barely comment, but what exactly would you expect as a sign of a crash *before* a crash if not the second largest economy in the world rapidly shutting itself down and getting like 2 weeks in lala land to think about it before it finally crashed? I might argue it was the most clearly telegraphed and playable crash maybe in history. The dotcom and housing bubbles took *forever*, dec 2018 kind of came out of nowhere.... this one took a few weeks with *very* cheap puts available basically the whole time in the lead up. It's absolutely maddening, it was so obvious i thought i was losing my goddamn mind and surrendered to the herd.... oh boy im getting emotional again It could have taken several more months to get to this point, during which time my puts would've sat through yet more idiot rallies. Or some pharmaceutical company could have announced a therapy to mitigate the effects. Who knows. But I did go mega-cash before the drop, for which I'm thankful. MO, BUD, and others (CCL,  ) are at multi-year lows. I don't know how much lower they could go, but surely people will still smoke and drink beer twenty years from now? I don't think I can stay out of some of these for much longer.
|
|
#
?
Mar 13, 2020 04:01
|
|
|
Jack Daniels posted:
it's not a fuckin game gently caress what you heard its what you hearin
|
|
#
?
Mar 13, 2020 04:08
|
|
|
Jack Daniels posted:
You son of a bitch, I'm in.
|
|
#
?
Mar 13, 2020 04:30
|
|
|
LLCoolJD posted:It could have taken several more months to get to this point, during which time my puts would've sat through yet more idiot rallies. Or some pharmaceutical company could have announced a therapy to mitigate the effects. Who knows. But I did go mega-cash before the drop, for which I'm thankful. I took a big lesson in buying in slowly. I’ve almost maxed out myIRA limit at this point
|
|
#
?
Mar 13, 2020 04:44
|
|
|
Jack Daniels posted:
Are you really buying DIA puts? They're loving expensive as poo poo. USO is so low already, how much lower could it really go? Disney parks all closed til end of month. Buying in for puts at market open.
|
|
#
?
Mar 13, 2020 04:45
|
|
|
greasyhands posted:Honestly guys, what kind of rationale is "there was very little indication it would be this bad" like what were you expecting? When China started literally shutting down and the market kept rallying that was your marker. Yes, I know I misplayed it so I can barely comment, but what exactly would you expect as a sign of a crash *before* a crash if not the second largest economy in the world rapidly shutting itself down and getting like 2 weeks in lala land to think about it before it finally crashed? I might argue it was the most clearly telegraphed and playable crash maybe in history. The dotcom and housing bubbles took *forever*, dec 2018 kind of came out of nowhere.... this one took a few weeks with *very* cheap puts available basically the whole time in the lead up. It's absolutely maddening, it was so obvious i thought i was losing my goddamn mind and surrendered to the herd.... oh boy im getting emotional again This, totally this. I’d also given in to the herd mentality, I’d been burned on puts too many times to try and play it even though it was obvious what was happening. At least I moved about 70% to cash before things really fell apart
|
|
#
?
Mar 13, 2020 04:46
|
|
|
Is this going to be called the Covid-19 recession?
|
|
#
?
Mar 13, 2020 04:48
|
|
|
Bored As gently caress posted:Is this going to be called the Covid-19 recession? Officially known as The Best Recession, The Greatest Recession I've Been Told By Some, Very Smart People. Very Smart. Most Recessions Aren't Even Noticed.
|
|
#
?
Mar 13, 2020 04:58
|
|
|
Lote posted:Wallstreetbets is amazing right now. I hope someday I learn enough to understand what happened here but I did understand the first comment and laughed: Sir this is a bear market
|
|
#
?
Mar 13, 2020 05:00
|
|
|
At some point this is going to be the buying opportunity of a generation.
|
|
#
?
Mar 13, 2020 05:00
|
|
|
Kal Torak posted:At some point this is going to be the buying opportunity of a generation.
|
|
#
?
Mar 13, 2020 05:12
|
|
|
Thinking about buying SPY puts tomorrow, and, get this, holding them over the weekend. The Most Dangerous Game.
|
|
#
?
Mar 13, 2020 05:14
|
|
|
Bored As gently caress posted:Is this going to be called the Covid-19 recession? The Roni Recession if I have anything to say about it.
|
|
#
?
Mar 13, 2020 05:18
|
|
|
The Recession (of my bank account)
|
|
#
?
Mar 13, 2020 05:23
|
|
|
Grouchio posted:How so? Real estate left vacant by death? How many people do you speculate will die to corona in the next, say, 3 years? TOT is cheaper now than it has been in over 20 years, including the financial crisis. greasyhands fucked around with this message at 05:36 on Mar 13, 2020 |
|
#
?
Mar 13, 2020 05:24
|
|
|
Hopefully not alot since every country is slowly shutting down. I'm not sure Roni goes away in the summer either. It's more likely we have some approved treatment stopping death. Once this poo poo is no longer lethal, you'll look back and thank yourself you bought this dip Hit Man fucked around with this message at 05:38 on Mar 13, 2020 |
|
#
?
Mar 13, 2020 05:34
|
|
|
Futures turning green.
|
|
#
?
Mar 13, 2020 05:41
|
|
|
greasyhands posted:How many people do you speculate will die to corona in the next, say, 3 years?
|
|
#
?
Mar 13, 2020 05:41
|
|
|
Kal Torak posted:Futures turning green. What's going on with ASX? China's case numbers are good
|
|
#
?
Mar 13, 2020 05:43
|
|
|
Just rewatched The Big Short again. This really feels like another 2008. Add in coronavirus and I'm having some really bad thoughts about how bad this could all get.
|
|
#
?
Mar 13, 2020 05:52
|
|
|
greasyhands posted:Honestly guys, what kind of rationale is "there was very little indication it would be this bad" like what were you expecting? When China started literally shutting down and the market kept rallying that was your marker. Yes, I know I misplayed it so I can barely comment, but what exactly would you expect as a sign of a crash *before* a crash if not the second largest economy in the world rapidly shutting itself down and getting like 2 weeks in lala land to think about it before it finally crashed? I might argue it was the most clearly telegraphed and playable crash maybe in history. The dotcom and housing bubbles took *forever*, dec 2018 kind of came out of nowhere.... this one took a few weeks with *very* cheap puts available basically the whole time in the lead up. It's absolutely maddening, it was so obvious i thought i was losing my goddamn mind and surrendered to the herd.... oh boy im getting emotional again lmao calm down friend, it was a case of "when, not if", but the fact is that even sectors unrelated to the industrial slowdown are getting slaughtered.
|
|
#
?
Mar 13, 2020 05:56
|
|
|
Bored As gently caress posted:Just rewatched The Big Short again. Really? I think the market is overreacting.
|
|
#
?
Mar 13, 2020 06:03
|
|
|
Kal Torak posted:Futures turning green. C'mon little rally, you can do it. Fight, grow! Please give me a window to unload all my long positions.
|
|
#
?
Mar 13, 2020 06:11
|
|
|
Bitcoin down 50% in the last 24 hours Stable store of value!
|
|
#
?
Mar 13, 2020 06:20
|
|
|
I just don't know how anyone could possibly pretend that the current pandemic is similar to the credit default house of cards of 2008. This is a mostly fear driven panic sale IMHO. June calls!
|
|
#
?
Mar 13, 2020 06:22
|
|
|
FML I was thinking of going long ES around midnight but decided to work on a presentation for a job interview tomorrow. 80 min later I get a notification and see we’re up 140 points.
|
|
#
?
Mar 13, 2020 06:24
|
|
|
FCKGW posted:Bitcoin down 50% in the last 24 hours https://twitter.com/rohmeo_de/status/1238040327375720448
|
|
#
?
Mar 13, 2020 06:24
|
|
|
Futures green. Time to buy some puts.
|
|
#
?
Mar 13, 2020 08:36
|
|
|
Heres your daily carona pump meme stock https://apple.news/AKvqqClDARUyJ_8fFyvaO4w
|
|
#
?
Mar 13, 2020 10:29
|
|
|
I think today will be an entertaining day to monitor r/wsb.
|
|
#
?
Mar 13, 2020 12:23
|
|
|
Lote posted:Have you ever heard of a leveraged ETF and an inverse leveraged ETF? You can get leveraged volatility ETFs too. New thread title?
|
|
#
?
Mar 13, 2020 12:27
|
|
|
Lote posted:I know of ways that you can get in on the action without options, but you will lose money. Have you ever heard of a leveraged ETF and an inverse leveraged ETF? You can get leveraged volatility ETFs too. You can also buy options on them, but only do that if you want to get rich
|
|
#
?
Mar 13, 2020 12:30
|
|
|
|
| # ? Jun 3, 2024 10:36 |
|
|
Limit d... up? Looks like that guy that lost 700k with 400k in his account is getting his Christmas miracle.
|
|
#
?
Mar 13, 2020 12:43
|
|