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SirPablo posted:What's the inverse goon ETF? I'm going to throw in on that. for the past month, that'd be the long-term investing thread
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Apr 28, 2020 12:56
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I’m excited for when Amazon doesn’t offer guidance and it’s interpreted to mean “it could be anything! Infinity, even!”
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Apr 28, 2020 13:10
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I don’t understand these phantom pumps that happen every night.
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Apr 28, 2020 13:35
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Leo posted:I don’t understand what happens every day. Fixed for me.
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Apr 28, 2020 13:36
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World is reopening, first the EU next week, then Texas and then the USA too. Stock market is reflecting that and won't be allowed to drop anymore. I hope you guys didn't miss the bottom because we're way past that now. I'm ogling American Airlines (AAL) right now, looking tasty at 10 bucks. Within 3 years those will be worth 6 times that price.
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Apr 28, 2020 13:47
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If it doesn’t collapse.
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Apr 28, 2020 13:50
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https://twitter.com/jasongoepfert/status/1255117450699517954?s=20
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Apr 28, 2020 13:52
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AMERICA'S BACK IN BUSINESS BABY, DOW 30K.
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Apr 28, 2020 13:54
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Freezer posted:Bough a small amount of SPXS near the top today because I believe we're gonna gravitate back to the 2800 line soon. Narrator: He was no good at all.
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Apr 28, 2020 14:06
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welp i guess we're going back above 3000 today
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Apr 28, 2020 14:07
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Well poo poo. I guess if everything is (perceived) to be opening up then I'm grabbing some airlines today.
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Apr 28, 2020 14:30
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Bought some more /ES calls right before opening bell
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Apr 28, 2020 14:30
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Rodan posted:Could make some nice gains in long positions acquired in risky areas (gaming, REIT) last week and most of me wants to close out, but I think this may be the week of irrational exuberance as things start to open up. Earnings seen solidly mixed to positive vs. the poo poo-level expectations. Other than a turnaround in infection/death numbers what's going to slow the train this week? Choo choo! Unfortunately I sold my ERI for a modest gain last week, it's up about 20% since, but MGM and EPR have been solid. Probably going to keep letting it ride for now. DeSantis is going to partially open up Florida at the beginning of May with an announcement today or tomorrow which will be another little boost to the opening excitement, and Congress is talking another $1T stimulus, Biden scandal is gaining traction which the market will probably like, etc. Then again, I have no idea what I am talking about and this is all tea leaves. If I thought this would hold then I would transition to some blue chips that are still relatively cheap but I don't think we are there yet. Along those lines, is there a reason for preferring XOM or CVX over RDS-B or BP? I have seen the former mentioned here a lot but not the latter. Recent dividends of the latter seem higher and they are trading at similar or greater discount vs. pre-COVID prices.
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Apr 28, 2020 14:32
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Hit Man posted:Well poo poo. I guess if everything is (perceived) to be opening up then I'm grabbing some airlines today. Cue the retest of March lows.
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Apr 28, 2020 14:38
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Grabbed some 300 SPY calls for 5/13.
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Apr 28, 2020 14:39
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Apr 28, 2020 14:46
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Sitting on cash for a bit, here. I'm convinced we're going to see a pullback. Got out of my DIS puts just in time, took a small loss on the last one yesterday. Overall made ~20% on them.
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Apr 28, 2020 14:46
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Dwight Eisenhower posted:Grabbed some 300 SPY calls for 5/13. I bought 299 5/11 yesterday. When do you think I should sell?
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Apr 28, 2020 14:47
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skipdogg posted:Ok, my friend talked me into this. Out of this at 1.50 this morning.
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Apr 28, 2020 14:50
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poisonpill posted:I bought 299 5/11 yesterday. When do you think I should sell? sell on 5/11 for $23.
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Apr 28, 2020 14:53
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skipdogg posted:Out of this at 1.50 this morning. How many contracts? Nice trade/gamble.
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Apr 28, 2020 14:54
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Sepist posted:Left some overnight OTM 2900 calls open on /ES I’m not really partaking in this recovery because I don’t believe in it and I’m not taking big enough positions for long enough. 
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Apr 28, 2020 14:59
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poisonpill posted:I bought 299 5/11 yesterday. When do you think I should sell? Remember that as your options comes ATM that delta increases, and the delta/$ decreases. They're hanging out at around .25 delta now: a $1 increase in SPY will yield a .25 increase in your contracts. They'll approach .5 when SPY is at 299. It costs you $718 to get 100 delta in those calls you have now. That same 100 delta costs $1050 in 291 calls with the same expiry, and $1289 in 287 calls with the same expiry. So if you're anticipating a bull trend I'd roll to keep them OTM. My personal plan: Buy immediate limit to sell at +10%, day expiry If that fills buy further OTM and repeat If it doesn't (we're on another day) then I look at overnight movement and will roll as it comes ATM to a later date and a similar offset OTM.
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Apr 28, 2020 15:02
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Well that was quite a selloff. My EV from /ES swings is a few small wins then a huge loss on one contract position which wipes out all gains.
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Apr 28, 2020 15:02
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Why is the poop going up?
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Apr 28, 2020 15:05
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A bomb went off on Or the consumer confidence index was a little under estimates
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Apr 28, 2020 15:06
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How do you judge whether /ES will keep tanking or whether to stay in a lossy position to see if it comes back your way? I guess there's no way to know where bottom is.. Like others in this thread I have an uncanny ability to buy high and sell low.
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Apr 28, 2020 15:11
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Inner Light posted:How many contracts? Nice trade/gamble. Just 1. I gambled my account down to 400 bucks, so I'm just trying little scalps here and there.
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Apr 28, 2020 15:16
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Inner Light posted:How do you judge whether /ES will keep tanking or whether to stay in a lossy position to see if it comes back your way? I guess there's no way to know where bottom is.. I generally keep an eye on how the price is reacting around VWAP. In this case it hit VWAP and recovered, then VWAP started acting as support so I'll hold the position e: Seems to not be holding so im closing out Sepist fucked around with this message at 15:23 on Apr 28, 2020 |
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Apr 28, 2020 15:18
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I shorted pretty much directly into that, heh heh....
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Apr 28, 2020 15:20
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Why do things go up when they should go down??? I bought a put on BP and their report said they are doing bad and yet up it goes. Where is the massive depression I was promised was coming
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Apr 28, 2020 15:22
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Inner Light posted:How many contracts? Nice trade/gamble. This is my question, too. You guys doing options, do you normally buy small priced items, like those for $1.08? If you're out at $1.50, is that just $0.42 profit/contract? How many contracts do you normally buy? I'm trying to get a sense of you other traders' strategies. I think I might be like most newbies thinking each trade needs to be a big win vs. racking up the small net profits?
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Apr 28, 2020 15:27
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Tokyo Sex Whale posted:Bought some IVZ on the dip from a divvy cut. Hoping to turn it around on a bounce in a couple days. Sold out +15%.
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Apr 28, 2020 15:27
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drunken officeparty posted:Why do things go up when they should go down??? I bought a put on BP and their report said they are doing bad and yet up it goes. Where is the massive depression I was promised was coming Because corona is past us and the stock market is always an impression of the future. According to the future everyone is healthy, travelling and shopping again so there you go.
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Apr 28, 2020 15:28
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John F Bennett posted:Because corona is past us and the stock market is always an impression of the future. 
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Apr 28, 2020 15:29
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mr.belowaverage posted:This is my question, too. You guys doing options, do you normally buy small priced items, like those for $1.08? It's $0.42 per share, 100 shares per contract, so his profit was $42 minus commissions.
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Apr 28, 2020 15:29
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mr.belowaverage posted:This is my question, too. You guys doing options, do you normally buy small priced items, like those for $1.08? A option is for a lot of 100, so it's $42 profit, cost to buy was $108
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Apr 28, 2020 15:30
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Yeah, that's my understanding. Am I wrong to think that wouldn't even be worth the clicks to me?
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Apr 28, 2020 15:36
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John F Bennett posted:Because corona is past us and the stock market is always an impression of the future. Are you trying to tell me I have been hoarding canned beans this whole time for nothing? The world is ending Johnathan.
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Apr 28, 2020 15:37
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UPS missed earnings and is actually down.
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Apr 28, 2020 15:40
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