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Sepist posted:Price action on /ES seems to be stuck between VWAP (2707) and 2695~. If either one breaks we should see some further movement aaaaand its here 
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Apr 7, 2020 15:49
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Stock tanked 10% on this tweet. After their LK call, everyone is gonna pile in their recommendations.
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Apr 7, 2020 15:50
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I’m starting to think Cramer has some shorts or puts coming up and desperately needs the market to drop.
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Apr 7, 2020 15:50
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fougera posted:Shorted SPY at the open. Looked at the action, jumped into SPXS. Set a tight stop lets gogogogo
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Apr 7, 2020 15:51
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My 5/15 SPY 215 puts are seeing some life again, but I wish I'd waited two days to buy them. Made a bunch on DAL and GE calls which actually offset my put losses and put me in the green for the first time in a week! 
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Apr 7, 2020 15:52
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Hit Man posted:Throwing mud at Chinese stocks is finally starting to stick these days. Its a real loving travesty. Frauds historically get desperate and then expose themselves when the economy turns over. Except this is also China where lying to the US capital markets is the norm. I would not be in any Chinese equities, its only a matter of time before Trump/Congress say enough.
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Apr 7, 2020 15:52
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Switched to /ES shorts, economies hosed e: There's just no buy pressure AT ALL on /ES, this baby is going downnnnnnn
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Apr 7, 2020 15:54
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TQQQ stopped out, with my luck now we'll see a reversal.
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Apr 7, 2020 15:54
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Risky Bisquick posted:Looked at the action, jumped into SPXS. Set a tight stop lets gogogogo Positions?
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Apr 7, 2020 15:58
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Jack Daniels posted:lol absolutely it was and is
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Apr 7, 2020 16:08
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kw0134 posted:This market is so volatile that we'll see both a bear and bull trap on the same day
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Apr 7, 2020 16:10
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Bored As gently caress posted:Positions? In @ 13.30, stopped at 13.20. Didn't sell at 13.45 
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Apr 7, 2020 16:16
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Long T and PTON. very long.
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Apr 7, 2020 16:24
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Dwight Eisenhower posted:So those who are still holding puts, take a look at your position's losses today vs. yesterday, because I wanna review the math on "delta decreases further otm" All the dummies in the back like me appreciate this, I'm still planning my moves out but its gonna happen
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Apr 7, 2020 16:25
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Up to this point I'd been up $10k in my degenerate gambling account, but all these April 17 puts that have lost 90% of their value is gonna change that pretty soon!
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Apr 7, 2020 16:34
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kw0134 posted:This market is so volatile that we'll see both a bear and bull trap on the same day
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Apr 7, 2020 16:37
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Maybe more than one trap!
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Apr 7, 2020 16:40
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Just put in an order for several $GME 1/01 2021 2.00 puts. It's the blockbuster of video games.
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Apr 7, 2020 16:45
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fougera posted:Wait for SPY to try 274 again, then fire again. If we make newer highs, so be it, cut losses by end of day. Hopefully instead w e continue to fade and you can book some gains instead. Battle stations
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Apr 7, 2020 16:48
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Anyone know any interesting buys for the Australian stock market? My friend is looking to invest and hasn't got a clue, and neither do I. Any helpful twitter links or the like for advice on the Aussie market?
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Apr 7, 2020 17:03
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Femtosecond posted:Up to this point I'd been up $10k in my degenerate gambling account, but all these April 17 puts that have lost 90% of their value is gonna change that pretty soon! Yeah I'm gonna lose 90% of what I had, and 60% of what I put in.
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Apr 7, 2020 17:09
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Maybe I should stick to passive investing
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Apr 7, 2020 17:11
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I’m waving the white flag. Sold my more recent buy for a 20% loss, and my others are so down that I might as well hold onto them as lottos. Fortunately, my earlier puts, scalps and long purchases keep the damage from being too bad. I’m doing well on the stock selection front. I should probably just forget about buying options and stick to stocks and covered sales.
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Apr 7, 2020 17:14
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Inner Light posted:Business, Finance, and Careers › Stock Trading: Maybe I should stick to passive investing
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Apr 7, 2020 17:15
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ok out of my 2900 4/17 insurance calls except 2 lottery tickets, number can go down now please and thank you
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Apr 7, 2020 17:15
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I'm still up on gambling account, yesterday peeled 100% of my gains off into CCL and NCHL. Today have up on a day trade, back to triple digit ultra short term options. Spain and Washington state are giving strong signs the covid peak has passed.
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Apr 7, 2020 17:16
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fougera posted:Battle stations Bought more. Same securities.
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Apr 7, 2020 17:25
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fougera posted:Bought more. Same securities.
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Apr 7, 2020 17:29
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1st_Panzer_Div. posted:I'm still up on gambling account, yesterday peeled 100% of my gains off into CCL and NCHL. I mean, as soon as things are opened back up, COVID will peak again. There has been no development of the infrastructure required to do South Korean style track and trace, no vaccine, and not enough recovered people for herd immunity. I'm not sure many investors realize this, market should be flat or down!!!
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Apr 7, 2020 17:35
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I wanna buy that may 6th 274 put real bad
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Apr 7, 2020 17:35
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AngryBooch posted:I mean, as soon as things are opened back up, COVID will peak again. There has been no development of the infrastructure required to do South Korean style track and trace, no vaccine, and not enough recovered people for herd immunity. People dying is not a reason for the market to go down.
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Apr 7, 2020 17:44
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Josh Lyman posted:SPY puts? What expiration/strike? SPY May 272. Also did EWG 22, EWJ 51, and added XLK 86 a few minutes ago.
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Apr 7, 2020 17:44
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AngryBooch posted:I mean, as soon as things are opened back up, COVID will peak again. There has been no development of the infrastructure required to do South Korean style track and trace, no vaccine, and not enough recovered people for herd immunity. We aren’t going to any rock concerts any time soon but we’re in a way better place then we were a month ago and our capacity to catch and kill should only continue to improve. Additionally changes to social norms, even banal poo poo like frequent hand washing will reduce the spread of this thing when we return to some semblance of normalcy There is reason for some level of optimism.
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Apr 7, 2020 17:45
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AngryBooch posted:I mean, as soon as things are opened back up, COVID will peak again. There has been no development of the infrastructure required to do South Korean style track and trace, no vaccine, and not enough recovered people for herd immunity. Nothing you've said is wrong. AND, the growth factor has been dropping, so if ALL you are looking at is growth factor, then that picture looks so awesome that it's time to ride the bull train, TOOT TOOT Since we live in the stupidest of all timelines: - poo poo's gonna get opened back up eagerly - Closing back down when that's demonstrated to be folly will be more reluctantly done than the first time - The only upside will be that some people will have antibodies for weathering COVID-19. That doesn't prevent them from possibly shedding. I'm weighing rolling puts to July.
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Apr 7, 2020 17:48
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fougera posted:SPY May 272. Also did EWG 22, EWJ 51, and added XLK 86 a few minutes ago.
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Apr 7, 2020 17:49
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Dwight Eisenhower posted:- poo poo's gonna get opened back up eagerly If we open back up, we're not closing back down again even if cases spike.
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Apr 7, 2020 17:51
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fougera posted:SPY May 272. Also did EWG 22, EWJ 51, and added XLK 86 a few minutes ago. I'm missing something basic why do you like the 272 vs the 274? OTM vs ITM? How does the difference play out
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Apr 7, 2020 17:52
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saintonan posted:If we open back up, we're not closing back down again even if cases spike. I am more bullish than most of this thread, but I disagree here. I see rolling temporary shutdowns in targeted geographic areas, as needed, becoming the norm for 2020.
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Apr 7, 2020 17:54
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Josh Lyman posted:That’s a daytrading type strike on SPY with a non-daytrading expiration. Interesting. Harry Potter on Ice posted:I'm missing something basic why do you like the 272 vs the 274? OTM vs ITM? How does the difference play out I've mentioned often I'm not really an options person. I manage a book of equities mostly, so I'm a little wary of doing anything out of the money or shorter term. Open to suggestions.
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Apr 7, 2020 17:56
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Harry Potter on Ice posted:I'm missing something basic why do you like the 272 vs the 274? OTM vs ITM? How does the difference play out There's two differences: - Holding to expiry: the 272 option goes ITM less likely than the 274 option and thus us marginally cheaper to buy. - Between now and then: The 272 option gains slightly less per contract, per point drop of SPY, AND, gains slightly more per $, per point drop of SPY.
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Apr 7, 2020 18:00
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