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Going on a small shopping spree as I expect a pump this week (as other posters have stated). Railroad and trucking stocks are real cheap, though they might be worth holding.
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Mar 16, 2020 15:53
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The markets are going lower this week brother.
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Mar 16, 2020 15:56
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My town FB page has a bunch of posts about neighborhood walking groups right now. People who are working from home are meeting up to go walking together each morning. Like groups of two dozen or more. Mostly elderly women. My guess is there will be a shitload of houses on the market here in about two months. We really are the dumbest country.
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Mar 16, 2020 15:57
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Unfi going nuts for no discernable reason
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Mar 16, 2020 15:58
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Ur Getting Fatter posted:Just saw this. Maybe I'm missing something but $290 is much deeper IN the money than $250 so naturally it would be more expensive to buy. Did you mean to say 3/20 calls? No, for a second I thought I might have mistyped when you noted that, but I just checked again for 3/20 puts and the $275p is $28 where as the $255p is $15
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Mar 16, 2020 15:58
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I'm impressed with SWAN weathering this so well -- anyone know of similar funds/ETFs? https://etfdb.com/etf/SWAN/#etf-ticker-profile https://stockcharts.com/freecharts/perf.php?SPY%2CSWAN SWAN is designed to track the S&P500 and somehow uses treasuries as a hedge. Downside is high expense ratio and presumably lower return in normal market conditions.
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Mar 16, 2020 16:02
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Anyone have any insight into $USO or oil in general? Been trying to follow that market a bit but there's been too many other things going on. Anyone long $USO at this price? Also - quote:Starbucks Corp. said Monday it will begin to offer 20 free therapy sessions a year for all of its employees, including part-time workers, as part of a broader mental-health benefit plan. Odd time to be rolling that out... FreelanceSocialist fucked around with this message at 16:04 on Mar 16, 2020 |
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Mar 16, 2020 16:02
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GramCracker posted:No, for a second I thought I might have mistyped when you noted that, but I just checked again for 3/20 puts and the $275p is $28 where as the $255p is $15 Again, this is normal. When you buy a put, the deeper in the money it is (ie: the lower the current value of the underlying stock is below the option strike price) then the higher the premium is. So a contract where someone has the right to sell to SPY equities $275 when the current value is ~$250 is logically going to be more expensive than a contract where you have the right to sell them at $255, since there are less chances that SPY's value might recover.
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Mar 16, 2020 16:06
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Ur Getting Fatter posted:Again, this is normal. When you buy a put, the deeper in the money it is (ie: the lower the current value of the underlying stock is below the option strike price) then the higher the premium is. Got it, makes sense. Thanks for taking a moment to explain that.
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Mar 16, 2020 16:13
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Moonshine Rhyme posted:Unfi going nuts for no discernable reason
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Mar 16, 2020 16:15
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Ur Getting Fatter posted:Again, this is normal. When you buy a put, the deeper in the money it is (ie: the lower the current value of the underlying stock is below the option strike price) then the higher the premium is. Yeah but the original question was why he could get a $290 put for $35 when SPY was in the $240s. That’s $20+ of free money a share. In times of trouble there’s no actual ask, you’re just seeing the last quote.
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Mar 16, 2020 16:16
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GramCracker posted:Got it, makes sense. Thanks for taking a moment to explain that. do not trade options
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Mar 16, 2020 16:17
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Meyers-Briggs Testicle posted:do not trade options too late 
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Mar 16, 2020 16:17
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ty lote
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Mar 16, 2020 16:21
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FreelanceSocialist posted:Anyone have any insight into $USO or oil in general? Been trying to follow that market a bit but there's been too many other things going on. Anyone long $USO at this price? Interested in this as well... was looking at pembina pipelines (PPL tsx, PBA nyse), but honestly could see it still going down a ways.
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Mar 16, 2020 16:22
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What’s up with this drift higher this morning? If we don’t actually close down a bunch, I feel like there wasn’t really capitulation.
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Mar 16, 2020 16:22
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Garfu posted:ty lote poo poo. Congrats. Send that dude a pizza or something.
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Mar 16, 2020 16:23
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Garfu posted:ty lote I wanted to get in Friday but again, spreads for ATM piys are upwards of 50% 
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Mar 16, 2020 16:23
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Garfu posted:ty lote did you make $30K off that? hard to read without the column headers. if so, nice.
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Mar 16, 2020 16:24
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Pretty nice rebound here, under the circumstances.
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Mar 16, 2020 16:25
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jnug up 57%, noice.
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Mar 16, 2020 16:25
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FreelanceSocialist posted:Anyone have any insight into $USO or oil in general? Been trying to follow that market a bit but there's been too many other things going on. Anyone long $USO at this price? *raises paw*
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Mar 16, 2020 16:30
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ketchup vs catsup posted:did you make $30K off that? hard to read without the column headers. Yes, sorry didn't want to show all my other poo poo, but I filtered it: 
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Mar 16, 2020 16:32
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On the shopping list, if you presume continued long-term low interest rates AND the bottom not dropping out of the financial sector, there are some bank preferreds out there that are starting to look pretty nice.
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Mar 16, 2020 16:35
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FreelanceSocialist posted:Anyone have any insight into $USO or oil in general? Been trying to follow that market a bit but there's been too many other things going on. Anyone long $USO at this price? Oil is cheap now but wont be forever The question is do you think oil is a better buying opportunity than everything else
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Mar 16, 2020 16:35
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FreelanceSocialist posted:Anyone have any insight into $USO or oil in general? Been trying to follow that market a bit but there's been too many other things going on. Anyone long $USO at this price? Careful with USO, it may behave weirdly in rising oil markets: https://www.cnbc.com/2016/08/25/snake-oil-why-the-3-billion-dollar-uso-etf-is-down-this-year-even-as-crude-has-surged.html
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Mar 16, 2020 16:38
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BUD TOT BP What else should I put in my shopping basket? MO refuses to stay down. 
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Mar 16, 2020 16:39
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Garfu posted:Yes, sorry didn't want to show all my other poo poo, but I filtered it: Nice Mine expires 9/18, should I sell them now (or soon) or wait for the expiration. Is there a penalty to selling them early? (Sorry for all the Q's, an absolute newborn idiot when it comes to anything besides buying/selling stocks)
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Mar 16, 2020 16:41
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Josh Lyman posted:What’s up with this drift higher this morning? If we don’t actually close down a bunch, I feel like there wasn’t really capitulation. The Fed announced a rate cut to 0% and we're still down 150 pts on S&P 500 from Friday's pump close. We're also up 100 pts from the open, but if that news comes out and the market continued to trade flat, wouldn't that be a negative sign? If that news comes out and the market trades lower than flat, isn't that worse than the market trading flat?
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Mar 16, 2020 16:42
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TFW the Dow is as volatile as bitcoin.
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Mar 16, 2020 16:43
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DevCore posted:Nice There's no penalty, the price you sell them for is the price they go for.
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Mar 16, 2020 16:44
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orange sky posted:There's no penalty, the price you sell them for is the price they go for. Awesome! Thanks (I wish I had bought more than one  )
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Mar 16, 2020 16:46
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Dwight Eisenhower posted:The Fed announced a rate cut to 0% and we're still down 150 pts on S&P 500 from Friday's pump close. I think the Fed poo poo just isn't treating the heart of the panic, which is coronavirus/supply chain poo poo. If it did work, I'd probably be more surprised-- at this point the Fed is just trying to make sure liquidity issues (a real, real, real, real problem) don't make a bad situation worse.
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Mar 16, 2020 16:46
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I still think E&P is a massive bull trap. Even if oil was still at $50 a lot of these guys were going to have problems. How long is it going to sit there at $30? It's not like there's a lot of incremental demand here in the US or in Europe--hell, half my building skipped the commute today and is working from home. The dividends aren't safe and they're still fuckin' drilling everywhere blowing through cap ex. Cash flow sucks. Just a dissenting opinion on that. I may be wrong. I'm neither long nor short it. (edit: thanks for correction JL  )
Agronox fucked around with this message at 17:11 on Mar 16, 2020 |
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Mar 16, 2020 16:47
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Massive rally on Cat, which topped out on 17 of January around the time the outbreak became massive in China.
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Mar 16, 2020 16:47
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1st_Panzer_Div. posted:For real. Is 12 years since 2008.
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Mar 16, 2020 16:47
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Grouchio posted:My dad doesn't think his 401k has fully recovered from 2008. Did he start his 401k right before the crash or something?
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Mar 16, 2020 16:48
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Grouchio posted:My dad doesn't think his 401k has fully recovered from 2008. He's wrong. Like even if he managed it intentionally poorly that's not possible. Trump has an announcement set for today? What time?
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Mar 16, 2020 16:49
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Grouchio posted:My dad doesn't think his 401k has fully recovered from 2008. 100% LEH in 2008? lol
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Mar 16, 2020 16:50
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jokes posted:Did he start his 401k right before the crash or something? I started mine right before this crash and have lost about 3k. I honestly think if I had more going in it would've been worse. I just raised my monthly contributions by 14% to 20% buying low bay-bee.
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Mar 16, 2020 16:55
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