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yeah the thing to keep in mind is that the decision of opening or not is the decision of the same people who shut it down in the first place - which is a combination of CEO's + Govenors. He can cry foul and stomp all he wants but the feds can't force or legislate a state to not deal with a health crisis.
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Mar 24, 2020 20:50
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pram posted:i sold my spy call because im not feeling tomorrow, but not bad for a day Phew, nice.
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Mar 24, 2020 20:51
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pram posted:i sold my spy call because im not feeling tomorrow, but not bad for a day
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Mar 24, 2020 20:51
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pram posted:i sold my spy call because im not feeling tomorrow, but not bad for a day Nice trade 
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Mar 24, 2020 20:52
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It's hilarious because if he just kept his mouth shut, the numbers probably would have kept climbing throughout the day. Instead, he opened his flapping maw and things dumped.
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Mar 24, 2020 20:52
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OK, I'm in on another little SPY put, $210 expiring 5/15.
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Mar 24, 2020 20:53
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Interesting that the puts I dumped during our dip at 9:45am are basically the same price even though we're 80 points higher on SPX.
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Mar 24, 2020 20:54
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Josh Lyman posted:What's your time horizon on these? Exiting in less than a week? Ideally, before the weekend but definitely out by 4/10. pram posted:i sold my spy call because im not feeling tomorrow, but not bad for a day Nice going! Beat my 4% day just by a smidge. Omerta fucked around with this message at 21:02 on Mar 24, 2020 |
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Mar 24, 2020 20:57
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Placed my first option order! 4/17 220 SPY put @ 6.50 (midpoint limit order). But I placed it 6 seconds before close and it didn't fill after a minute, so I cancelled it! I guess I should've used the default limit value which was the instantaneous ask value. edit: shouldn't -> should've
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Mar 24, 2020 21:03
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Josh Lyman posted:Interesting that the puts I dumped during our dip at 9:45am are basically the same price even though we're 80 points higher on SPX. Guess they must have been cheap then, huh?  Everyone talks about options like they move by virtue of spooky greek numbers, but the spooky greek numbers come from observing the price of the option and the price of the underlying, not the other way around. Ultimately the option's price moves as the market of people playing that strike and expiry demand it and supply writes of it. So either way fewer people are willing to write vs. 9:45, or way more people want those puts. pmchem posted:I guess I shouldn't used the default limit value which was the instantaneous ask value. When things are calmer and the bid/ask spread is 0.01 or 0.02 I'll buy at the ask. Right now I generally agree this isn't the smart move though.
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Mar 24, 2020 21:03
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pmchem posted:Placed my first option order! 4/17 220 SPY put @ 6.50 (midpoint limit order). But I placed it 6 seconds before close and it didn't fill after a minute, so I cancelled it! SPY closes 15 minutes after close, it's still trading. You got about 10 minutes if you want to hold overnight.
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Mar 24, 2020 21:05
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Dwight Eisenhower posted:getting my face ripped off on NYMT, they suspended their dividend and are negotiating forebearance agreement with their creditors after failing a margin call I just came across this on Bloomberg. https://www.bloomberg.com/amp/news/articles/2020-03-24/mortgage-bonds-rattle-wall-street-anew-with-rush-of-urgent-sales
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Mar 24, 2020 21:05
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pixaal posted:SPY closes 15 minutes after close, it's still trading. You got about 10 minutes if you want to hold overnight. yeah, but it went down from when I placed the order, so my option limit order was now further from being filled. It's okay, this is pennies compared to my real investments. My order was for 1 contract. Next time if I'm concerned about the order being filled and betting on a large price swing, I'll place limit at ask. also fixed a typo in my post above. thank you for the replies though!
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Mar 24, 2020 21:06
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Josh Lyman posted:What's your time horizon on these? Exiting in less than a week? It depends on the market movement but if SPY tanks for some reason (like when the unemployment figures come out on Thursday apparently) I'll probably close 2/3 of the puts and leave the one in because I really feel like it's going to trend way lower once people realize that the money from the govt isn't going to pay their rent for even a month let alone food etc. I'm not very experienced with this and you shouldn't follow my lead in any way - very much still learning. The puts are already up 20% despite being OTM significantly and SPY up 8% - it's crazy what IV can do. Positions: 
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Mar 24, 2020 21:07
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Dwight Eisenhower posted:Guess they must have been cheap then, huh?
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Mar 24, 2020 21:09
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Closed out uvxy and penn for a nice hit, late puts on iwm and ba are, uh, bleeding.
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Mar 24, 2020 21:11
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GramCracker posted:I just came across this on Bloomberg. https://www.bloomberg.com/amp/news/articles/2020-03-24/mortgage-bonds-rattle-wall-street-anew-with-rush-of-urgent-sales edit: v I mean it's $2.52 and they can't meet their margin calls so my guess is it'll probably get liquidated. According to that Bloomberg article, if they have to mark down their MBS, that could affect other REITs. Josh Lyman fucked around with this message at 21:17 on Mar 24, 2020 |
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Mar 24, 2020 21:12
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Josh Lyman posted:IVR is currently worth $415m. For comparison, XIV was $2 billion before it crashed and liquidated. Sweet jesus. Given the mortgage state, could you see IVR doing something similar? Maybe not liquidating but further crashing?
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Mar 24, 2020 21:15
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LLCoolJD posted:Not touching REITs right now, though. yeah.... super sketchy 
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Mar 24, 2020 21:17
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GramCracker posted:Sweet jesus. Given the mortgage state, could you see IVR doing something similar? Maybe not liquidating but further crashing? 35% divvy, sign me up!!!1!11!
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Mar 24, 2020 21:27
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Josh Lyman posted:Yeah I personally focus too much on the price action of the underlying and not enough on the price action of the option itself. Speaking of which, do you know if there's a way to pull up an option's price chart in ToS? I know I can observe it if I have a position or order open, but I can't seem to go from just looking at the option chain for a stock to a particular option's chart.
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Mar 24, 2020 21:38
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dougdrums posted:Right click the line in the spread > More info on (option) > TOS Charts Also, learning videos are useful for once! To view it in the app, you tap and HOLD the option price to bring up the details which allows you to access the chart. I feel like I must have tried tapping and holding in the past but at least now I know for sure. Look at this loving divergence between the theoretical price (purple) and actual candles for 4/17 SPY 200 put over the last 2 days. It tracked reasonably close yesterday but I got hosed when I sold this morning. 
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Mar 24, 2020 22:06
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Stimulustalksgoingwell.exe
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Mar 24, 2020 22:28
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Other fun TOS tricks: If you want to see a spread's chart you can enter the component option symbols with operators and you'll get the bar chart corresponding. It only linearly sums the OHLC values, not doing the sum tick by tick, but it's better than nothing. For example to see a SPX vertical expiring tomorrow short the 2480 and long the 2470 strikes: .SPXW200325C2470-.SPXW200325C2480 Note that the Open of any bar is the open of 2470 minus the open of 2480, so open and close data will be maybe sort of not completely wrong, but high and low data will be the high of one component of the spread minus the high of the other component of the spread, even if those highs occurred at wildly different times.
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Mar 24, 2020 22:39
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Federal Reserve is reducing their bank examinations, especially for smaller banks. Coronavirus task force now talking. Trump talking about seeing the light at the end of the tunnel. Surely things will get worse. Fauci is there, he will undoubtedly be asked if he thinks Easter is a reasonable timeline. Josh Lyman fucked around with this message at 22:47 on Mar 24, 2020 |
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Mar 24, 2020 22:43
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Jack Daniels posted:
hell, in some GUSH as well even though should avoid these 3x trash ETFs gently caress it 
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Mar 24, 2020 22:47
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Josh Lyman posted:Federal Reserve is reducing their bank examinations, especially for smaller banks. Savings and Loan Part 2: Fraudulent Hullaballoo
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Mar 24, 2020 22:53
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https://twitter.com/kenklippenstein/status/1242468699618996225?s=21
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Mar 24, 2020 23:04
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Dwight Eisenhower posted:Other fun TOS tricks: man I’ve been using TOS for a long time and idk what 90% of the poo poo does lol. it’s so daunting
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Mar 24, 2020 23:08
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Remember when "fiscal responsibility" was a thing? Chinooks coming in with pallets of money. https://twitter.com/CGasparino/status/1242550843657814019
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Mar 24, 2020 23:13
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A 6T attempt to goose the market. Go big or go home, I guess.
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Mar 24, 2020 23:21
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SirPablo posted:Remember when "fiscal responsibility" was a thing? Chinooks coming in with pallets of money. the number doubles every 2 days, just like coronavirus
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Mar 24, 2020 23:22
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saintonan posted:A 6T attempt to goose the market. Go big or go home, I guess. Sorry, should have posted both tweets. Go biggly. https://twitter.com/CGasparino/status/1242550844878454784
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Mar 24, 2020 23:22
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Someone explain to me why a Whopper isn't going to cost $50 next year again.
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Mar 24, 2020 23:31
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https://twitter.com/THR/status/1242570905844436994?s=19 I dont believe it. They aren't opening in a week.
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Mar 24, 2020 23:34
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leper khan posted:Someone explain to me why a Whopper isn't going to cost $50 next year again. Because none of that money will ever trickle down to BK's primary customer base.
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Mar 24, 2020 23:34
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leper khan posted:Someone explain to me why a Whopper isn't going to cost $50 next year again. because the whopper freaking sucks
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Mar 24, 2020 23:34
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If you want some information for impact on a state by state basis: https://www.unacast.com/covid19/social-distancing-scoreboard Uses cell phone data, by county. java fucked around with this message at 23:39 on Mar 24, 2020 |
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Mar 24, 2020 23:36
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Oscar Wild posted:https://twitter.com/THR/status/1242570905844436994?s=19
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Mar 24, 2020 23:36
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| # ? Jun 7, 2024 07:13 |
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Oscar Wild posted:https://twitter.com/THR/status/1242570905844436994?s=19 April fool's!
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Mar 24, 2020 23:37
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