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Was very happy this morning selling the Mar20 SPY230 puts I bought at the peak yesterday for 100% gain this morning at open instead of doing what I kept doing wrong last week getting burned being greedy but this time greedy could have gotten me 200%. Gambling is an emotional rollercoaster.
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Mar 18, 2020 19:19
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18k today? Its more likely than you think.
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Mar 18, 2020 19:19
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The dystopian ETF already exists, it's SPY
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Mar 18, 2020 19:19
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Arzakon posted:Was very happy this morning selling the Mar20 SPY230 puts I bought at the peak yesterday for 100% gain this morning at open instead of doing what I kept doing wrong last week getting burned being greedy but this time greedy could have gotten me 200%. Gambling is an emotional rollercoaster. so you are mad that you didn't immediately buy it back for the same price for a 50% profit later in the day? You would rather be the guy you sold it to that spent more on the premium and only made 50% than doubling up?
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Mar 18, 2020 19:20
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Femtosecond posted:I dunno if I'm going to do anything more today. Hope for a green day tomorrow to buy more puts. I would say sit out the rest of the day and see what shakes out of Washington after hours. If you come back to the table tomorrow just pick expirations like 4 weeks out. There's no telling how loving retarded our dear leader will be as we head into the weekend.
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Mar 18, 2020 19:21
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Some clown on WSB posted a graph from Goldman Sachs illustrating that for the past two weeks, the direction of the market between 3pm and close was opposed in the morning until 10 am. It works until it doesn't.
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Mar 18, 2020 19:22
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lol might be worth a 2700 4/17 call at this rate, hovering around 45 atm
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Mar 18, 2020 19:22
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I think the first person to find a company with a share price under their next expected dividend payment should get a thread award. Company still has to be listed and can’t have announced a suspension or reduction yet. Also can dividends be recalled? Like suppose we’re past the ex-div but it hasn’t been paid yet and suddenly the company needs cash. Where’s the money held? This had to happen in 2008.
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Mar 18, 2020 19:22
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Bored As gently caress posted:Yesterday Gov Cuomo said he wouldn't allow that shelter in place, he didn't think we were there yet. Unless that changed today.
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Mar 18, 2020 19:24
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Josh Lyman posted:NYC shelter in place would be issued by Bill DeBlasio. Can Cuomo even prevent that? Yeah I know - Gov said "I wouldn't allow it" and "I dont think we're there yet." De Blasio probably COULD just do it though.
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Mar 18, 2020 19:27
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you know, if a lot of the liquidity-related crashing in days like today is due to deleveraging, maybe there should be tighter regulations/rules on leverage?
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Mar 18, 2020 19:28
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pmchem posted:you know, if a lot of the liquidity-related crashing in days like today is due to deleveraging, maybe there should be tighter regulations/rules on leverage? But then how would I buy things when I don't have the money yet???
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Mar 18, 2020 19:31
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java posted:I know they are going to get hit because of the bar shutdowns, but seriously, people are going to be sitting at home day-drinking. Then again, less disposable income, so I guess this may be a wash. I'm still a baby when it comes to trading but I think I will pick up some alcohol stocks to hold for like a year. If we do get a prolonged depression/recession I can only imagine they do well and recover.
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Mar 18, 2020 19:31
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CongoJack posted:I'm still a baby when it comes to trading but I think I will pick up some alcohol stocks to hold for like a year. If we do get a prolonged depression/recession I can only imagine they do well and recover. Pick at least a dozen, at least some brands are going extinct or will be bought out (which could still be a payday when you hold the stock).
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Mar 18, 2020 19:32
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Closed my PENN position too as it's been stuck for a bit and I'm kind of scared of the dead cat bounce after what Lote said, although honestly it could very well tank even further. Thinking of opening an on OTM call BYD.
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Mar 18, 2020 19:33
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pmchem posted:maybe there should be tighter regulations Hahahah ahaha hahahahah hah. Good one. Now get out of here you communist.
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Mar 18, 2020 19:37
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Spy has support at 225 from like 2016/17. Maybe we bounce tomorrow, a few points, as a treat.
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Mar 18, 2020 19:37
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Woodchip posted:Spy has support at 225 from like 2016/17. Maybe we bounce tomorrow, a few points, as a treat. Bulls can have little a bounce, as a treat.
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Mar 18, 2020 19:38
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Bill Ackman sounds straight up lost in this rant, hes buying stocks while talking like that??
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Mar 18, 2020 19:39
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AtomicSX posted:An hour ago I thought it would stall and hover around $84 today, but here we are. You jinxed us man. You jinxed us. The mouse is welling up his strength.
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Mar 18, 2020 19:39
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Ur Getting Fatter posted:Bulls can have little a bounce, as a treat. This should be the thread title.
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Mar 18, 2020 19:39
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Ready for social distancing and trading stonks all day!
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Mar 18, 2020 19:40
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Kilbas posted:You jinxed us man. You jinxed us. The mouse is welling up his strength. (traders get mad at me) Sorry. Im sorry. Im trying to remove it
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Mar 18, 2020 19:46
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That's a spicy meatball. https://twitter.com/RevShark/status/1240347351023341568
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Mar 18, 2020 19:49
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Ur Getting Fatter posted:Bulls can have little a bounce, as a treat.
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Mar 18, 2020 19:51
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SirPablo posted:That's a spicy meatball. 14%? That's Depression territory.
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Mar 18, 2020 19:53
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I predict that a year from now society will be ruled by Twitch Streamers and OnlyFans eGirls because no other jobs will exist. edit: and furry porn artists on Patreon.
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Mar 18, 2020 19:58
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pmchem posted:you know, if a lot of the liquidity-related crashing in days like today is due to deleveraging, maybe there should be tighter regulations/rules on leverage? That’s been obvious since before the great depression. But the finance manipulation guys would make a lot less money so they bought the law making guys to make sure that doesn’t happen.
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Mar 18, 2020 19:58
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So who lost/won on APRN today? +130%
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Mar 18, 2020 20:02
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FreelanceSocialist posted:I predict that a year from now society will be ruled by Twitch Streamers and OnlyFans eGirls because no other jobs will exist. Where are people getting the money to pay for their furry porn commissions? I get that Twitch streamers could make money off ads (though I'm not sure why ads are paying if the viewers have no money)
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Mar 18, 2020 20:02
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Looking forward to The Big Short 2: Electric Boogaloo. Except this time it's gonna be idiots on WSB and goons from SA. Jonah Hill could play all of us.
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Mar 18, 2020 20:02
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Holy smokes, Bill Ackman had a nervous breakdown on national television. I know others mentioned it earlier. Listen to him. How much has he lost? https://www.cnbc.com/2020/03/18/bill-ackman-pleads-to-trump-to-increase-closures-to-save-the-economy-shut-it-down-now.html
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Mar 18, 2020 20:03
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Bored As gently caress posted:Looking forward to The Big Short 2: Electric Boogaloo. Ah I can see it now rated NC-17 for constantly using homophobic language. If you leave that out of the story you aren't capturing the "charm" of WSB (it's a toxic place where they gleefully wish for companies to burn and people go on the street all so they can have a chicken nugget).
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Mar 18, 2020 20:06
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Doccykins posted:lol might be worth a 2700 4/17 call at this rate, hovering around 45 atm got a further out the money call of 2900 4/17 at 14.5 and it's already threatening to turn green it shouldn't be this drat predictable
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Mar 18, 2020 20:06
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LLCoolJD posted:Holy smokes, Bill Ackman had a nervous breakdown on national television. I know others mentioned it earlier. Listen to him. How much has he lost? That was so funny and sad. I do agree with his proposal. How the hell have we not completely shutdown yet is beyond me. Guys look at that blueapron chart, how come no one thought of Blueapron's rise during corona gently caress. Missed out a retardly massive rally. Ulio fucked around with this message at 20:10 on Mar 18, 2020 |
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Mar 18, 2020 20:07
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I bought 10 spy at 229 and a nickel. Any lower and I'll be shooting raiders over my stock of cat food anyways.
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Mar 18, 2020 20:10
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Cash finally settled. Short Zillow and INDA, picked up a couple SPY 260 calls 3/20 to gamble on.
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Mar 18, 2020 20:14
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FreelanceSocialist posted:I predict that a year from now society will be ruled by Twitch Streamers and OnlyFans eGirls because no other jobs will exist.
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Mar 18, 2020 20:17
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I have started to short individual stocks now instead of the overall market. Anything outdoor(services/entertainment), airlines, gas, financials and TSLA. That being said I sold most of my puts and rerolled into some strangles instead because I feel like we might get the same whiplash with another bounce tomorrow.
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Mar 18, 2020 20:18
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dougdrums posted:I bought 10 spy at 229 and a nickel. Any lower and I'll be shooting raiders over my stock of cat food anyways. reddit is claiming there will be a huge short squeeze Friday before close with 211m shares of SPY having to be purchased due to expiring options, and SPY going to the moon as a result. how much of that is pure bullshit vs. possibly real, legit analysis? edit: example, 
pmchem fucked around with this message at 20:21 on Mar 18, 2020 |
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Mar 18, 2020 20:19
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