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I'm holding 20 Mar 20 SPY 260 calls, so I hope it goes up. Only bought 2 contracts, so just a dumb gamble that we see green today. Not sure when to exit though, I could have doubled my money last night.
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Mar 19, 2020 16:29
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java posted:Looks like others have figured this out, but thinking about a long WW play. People are going to sit at home, eat a bunch, and then try to figure out how to get rid of this extra weight six months from now. Probably some baby boom plays in 9-months as well.
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Mar 19, 2020 16:30
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OIL atta baby lets goooOOOOOOOOooo 
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Mar 19, 2020 16:31
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Oof, PENN at +60% now.
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Mar 19, 2020 16:34
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Bought a 1/15/21 360 SPY call yesterday and it’s selling like crazy. I thought I’d hold onto it for a while once the stimulus stuff goes through but I might sell early. My biggest mover by far is PFGC, a big seller of frozen food. I bought in at around $10.50 two days ago and it’s steadily climbing. Not even a month ago it was trading around $50. As far as I can tell, it fell victim to the general downturn but is otherwise a solid company that should rebound well.
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Mar 19, 2020 16:35
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The gently caress is Trump on about
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Mar 19, 2020 16:36
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pmchem posted:I have a theory that SPY will be mostly flat today and open just above 240 tomorrow.
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Mar 19, 2020 16:36
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Lol "I believe in the V curve"
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Mar 19, 2020 16:37
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My brokerage is claiming I have no money to trade with despite it showing my money right there, and of course the support wait times are measured in hours. They're probably saving me from myself to be honest.
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Mar 19, 2020 16:38
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George Zimmer posted:Bought a 1/15/21 360 SPY call yesterday and it’s selling like crazy. I thought I’d hold onto it for a while once the stimulus stuff goes through but I might sell early. PFGC should rebound pretty well, but it is (was?) a big distributor to restaurants like Sysco. I know 20 years ago when I worked at a restaurant we used PFG for our food orders. Short term might hurt, but a solid long term play I think.
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Mar 19, 2020 16:38
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Ur Getting Fatter posted:Lol "I believe in the V curve" lol
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Mar 19, 2020 16:38
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Huh--I just got some weird error message from Schwab. Trying to place an option order, absolutely have enough available to trade (settled), but am being told "This account does not have sufficient funds to cover the cost of this order." What am I doing wrong here.
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Mar 19, 2020 16:38
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LLCoolJD posted:My BUD stock is not doing so dilly dilly. Not doing so bad now though. I might sell it later today or tomorrow. I don't think things are going to stay green next week.
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Mar 19, 2020 16:40
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rapidly... quickly, and I mean fast WTF
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Mar 19, 2020 16:40
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GramCracker posted:The first time I will try to time that, it will invert and I will get hosed. So, I'm not trying to time it. Even this morning, I dumped my Monday SPY 250 calls shortly after the open when holding them for 30 more minutes would've got me flat/slight gain. At least I had the sense to buy back in after we started moving up but it's really annoying. Meanwhile, the longer term plays have worked out, notably GILD calls expiring next month and MRNA calls expiring tomorrow. I need to figure out when to close today/tomorrow since they're ITM.
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Mar 19, 2020 16:41
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Trump has to be high How does anyone listen to him and get any sort of comfort from this? Friend of mine lives in Paris and said bunch of US embassy moms were taking their kids to the park as a group despite orders not to because "Trump says this isn't even that serious"
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Mar 19, 2020 16:41
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java posted:Huh--I just got some weird error message from Schwab. Trying to place an option order, absolutely have enough available to trade (settled), but am being told "This account does not have sufficient funds to cover the cost of this order." What am I doing wrong here. I don't use Schwab, but raminasi posted:My brokerage is claiming I have no money to trade with despite it showing my money right there, and of course the support wait times are measured in hours. They're probably saving me from myself to be honest. I wonder if there's some commonality to their backends that's making GBS threads the bed.
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Mar 19, 2020 16:42
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skipdogg posted:rapidly... quickly, and I mean fast lmao drat I gotta go listen to this haha
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Mar 19, 2020 16:42
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Josh Lyman posted:maybe my sense of timing is right, I'm just wrong about direction?
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Mar 19, 2020 16:43
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Trump went ham on bronzer today.
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Mar 19, 2020 16:43
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Lol remdesevoir He is so dumb, it hurts
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Mar 19, 2020 16:46
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Josh Lyman posted:Open interest on SPY 240 puts that expire tomorrow is 43,568. In general, for a 5% move from the current SPY price, there are way more OTM puts than OTM calls, but it's possible the put writers would simply hedge themselves with futures. This is great, thank you for the data. If they hedge with futures or have already hedged via shorts (when they wrote the puts), what does that do to SPY price tomorrow? I'm trying to learn all this. Still new to thinking about options in any serious detail.
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Mar 19, 2020 16:47
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raminasi posted:My brokerage is claiming I have no money to trade with despite it showing my money right there, and of course the support wait times are measured in hours. They're probably saving me from myself to be honest. If you have a margin account, they may have also changed the margin requirements of the stocks you hold
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Mar 19, 2020 16:49
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Trump is just straight freestyling this isn't he?
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Mar 19, 2020 16:49
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"There's never been anything like this [virus] in history". There's still people alive that survived the 1918 plague.
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Mar 19, 2020 16:50
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pmchem posted:I have a theory that SPY will be mostly flat today and open just above 240 tomorrow. You can get some amount of tail wagging the dog, but remember that there's bad news cropping up nearly daily at the national level and worse news hitting people close to home with unemployment affecting a bunch of people. The collective group of people who wrote puts have to be interested in propping up SPY above 240, capable of doing so through the end of day, they outweigh all the other forces in the market that will be creating downward pressure, and most importantly, that such a move is worth it for whereever the market's gonna open Monday. Buy up SPY to try and keep the float up doubles down on your exposure from the puts, which the writer is already obliged to buy. In a calmer market this kind of stuff can influence where things shake out. Right now? I don't think any self interested group can outweigh panic.
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Mar 19, 2020 16:50
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FWIW, Hahn has only been on the job for 3 months. Formerly ran MD Anderson Cancer Center. I haven't interacted with him at work but he seems okay. He seems to me more of a 1 on 1 person than the former commisioner, Scott Gottlieb, who's much better on camera. Josh Lyman fucked around with this message at 16:55 on Mar 19, 2020 |
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Mar 19, 2020 16:52
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Woodchip posted:sobeody knows something before this announcement, big green candles Nobody knows anything. SPY just holding the 233 level which 2018 dec low, this just happens alot in markets. And like I said you can go look for 1 minute and see volume trends this week. This a lower volume day from the first 30 minutes you can tell. Low volume favors upside, that's why I said earlier it will rally or at worse be a mild sell off compared to the rest of the week. If you are a investor this is basically pascal's wager in real life scenario.
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Mar 19, 2020 16:52
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Ok im back out of O, 25% in an hour? im not supposed to be doing this but goddamn
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Mar 19, 2020 16:58
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algos dive when FDA guy mentions "gold standard"
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Mar 19, 2020 16:59
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pmchem posted:algos dive when FDA guy mentions "gold standard"
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Mar 19, 2020 17:00
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Dwight Eisenhower posted:You can get some amount of tail wagging the dog, but remember that there's bad news cropping up nearly daily at the national level and worse news hitting people close to home with unemployment affecting a bunch of people. The collective group of people who wrote puts have to be interested in propping up SPY above 240, capable of doing so through the end of day, they outweigh all the other forces in the market that will be creating downward pressure, and most importantly, that such a move is worth it for whereever the market's gonna open Monday. Buy up SPY to try and keep the float up doubles down on your exposure from the puts, which the writer is already obliged to buy. In addition to panic, people who lost their jobs may be forced to withdraw against their retirement in a few months which means selling off stocks so the price goes even lower. I didn't expect the 12 months to be publicly said this soon I kind of thought there was going to be a false hope rise in the next week or two where everyone goes "we won!" and go back to a bull market before the realization that we aren't and it plummets happens. My call legs are bust, and I don't get to buy cheap puts with the proceeds if it doesn't happen. Not a huge deal. That 12 months clip is going to be played so loving much. That right there is going to spread so much panic.
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Mar 19, 2020 17:01
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Josh Lyman posted:I think it's mainly that he didn't really give us any new information. Tempted to close out my SPY calls but since my sense of direction sucks, we'll probably recover. I'm not sure we see above 2500 this year, I'd be surprised if we went above 2700 again before 2021.
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Mar 19, 2020 17:03
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Josh Lyman posted:Meanwhile, the longer term plays have worked out, notably GILD calls expiring next month and MRNA calls expiring tomorrow. I need to figure out when to close today/tomorrow since they're ITM. pixaal posted:I'm not sure we see above 2500 this year, I'd be surprised if we went above 2700 again before 2021.
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Mar 19, 2020 17:03
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I wish thinkscript had a DonaldTrumpIsTalkingRightNow() function
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Mar 19, 2020 17:05
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greasyhands posted:Ok im back out of O, 25% in an hour? im not supposed to be doing this but goddamn drat nice trade/call
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Mar 19, 2020 17:08
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Josh Lyman posted:RIP my MRNA calls, stock dropped 12% during this press conference. ahaha poo poo, I had my finger on the sell button at $34, got pulled off my desk by a coworker, came back to see it halted at around $29. At least I have a protective put... Not sure if this is due to the conference or that a Chinese firm also just announced they're starting human vaccine trials.
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Mar 19, 2020 17:08
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This equity rally can't last with dollar rallying so hard.
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Mar 19, 2020 17:08
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Josh Lyman posted:RIP my MRNA calls, stock dropped 12% during this press conference. Colonel Taint posted:ahaha poo poo, I had my finger on the sell button at $34, got pulled off my desk by a coworker, came back to see it halted at around $29. At least I have a protective put... Not sure if this is due to the conference or that a Chinese firm also just announced they're starting human vaccine trials.  
Josh Lyman fucked around with this message at 17:15 on Mar 19, 2020 |
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Mar 19, 2020 17:09
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God. I can't even read the CSPAN transcript from today. It's too dumb.
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Mar 19, 2020 17:20
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