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GrandmaParty posted:Spac crew? Did somebody say SPAC crew? I YOLO’d 75% of my portfolio into FUSE warrants and 25% into commons a couple weeks ago and I’m up like 35% already, fingers crossed it’s BlockFi soon so I can take my 500% gains and start a few more NAV plays.  That said, I sold my commons like a chump right before they took off this morning to FOMO into CCIV warrants because gently caress it. YOU GO SIDEWAYS ALL WEEK AND JUMP RIGHT WHEN I DECIDE TO MOVE ON? AND THEN CCIV DIPS? Take me back, baby. I promise I’ll stop the abusive behaviour. Chad Sexington posted:I just realized that, like a loving idiot, I've had IPOD, IPOF and SNPR units sitting there in my account unsplit. Went to have Schwab split them and they said it costs $40 flat fee for each split, plus it can take 1-4 weeks. Immediately closed the chat tab with a rep and transferred my account to Fidelity. Fuckers. You read that post on /r/spacs too huh? I’m considering doing the exact same, it’s practically a no-brainer, but first I too am going to have to call TD and ask what the voluntary action cost and time basis to split units is. XYZAB fucked around with this message at 03:18 on Jan 15, 2021 |
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Jan 15, 2021 03:12
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Thoughts on the pre-deal spac etf SPCX? I have a hard time picking spac winners (are they all winners?) and this seems Ike someone doing at least a little bit of research for me for 1%. They have spread the fund across about 40 spacs.
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Jan 15, 2021 03:17
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Baddog posted:Thoughts on the pre-deal spac etf SPCX? I have a hard time picking spac winners (are they all winners?) and this seems Ike someone doing at least a little bit of research for me for 1%. They have spread the fund across about 40 spacs. If you buy at / very very very close to NAV and don't pay for warrants, it's always a winner if you define winner as getting back your money if poo poo hits the fan but also realizing 0% gain/loss during the time your money sat in that SPAC.
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Jan 15, 2021 03:26
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movax posted:It's memeing hard, but I am more amazed at seeing QNX being mentioned as much as it is. It's a goddamned near 40 year old operating system. We used it all the time for telematics units in the late 2000s, and I guess it's riding along with the EV-wave / bubble now since QNX gets designed in by folks as it retains a functional safety certification making it very usable for ASIL-compliant applications like... ADAS systems. BB owns it now, so yes, technically, any time someone licenses QNX for their ECU controlling lane-keep assist, BB gets money. I hope I don't regret this, but I'm pulling some shares put of Fuse, Perspecta, AACQ, and GOEV to amass around $3k to put into BB calls and shares. So congrats to anyone who holds onto the above stocks when they moon, you're welcome.
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Jan 15, 2021 03:31
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Handen posted:I’m considering doing the exact same, it’s practically a no-brainer, but first I too am going to have to call TD and ask what the voluntary action cost and time basis to split units is. $38, and anywhere from 2-7 days.
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Jan 15, 2021 03:32
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Baddog posted:Thoughts on the pre-deal spac etf SPCX? I have a hard time picking spac winners (are they all winners?) and this seems Ike someone doing at least a little bit of research for me for 1%. They have spread the fund across about 40 spacs. my thought is that this is the time for someone to troll wsb into believing it's a SPAC for SpaceX and not a real etf just go all Q-conspiracy on them and say that's why it's actively managed
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Jan 15, 2021 03:43
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Handen posted:
Yuuuup. Don't have the leverage that guy has though. As long as you're in under $11, the risk is pretty capped. I don't think it's that hard to get in at those levels, you just can't chase the popular names. Chad Sexington fucked around with this message at 03:51 on Jan 15, 2021 |
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Jan 15, 2021 03:48
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Bored As gently caress posted:I hope I don't regret this, but I'm pulling some shares put of Fuse, Perspecta, AACQ, and GOEV to amass around $3k to put into BB calls and shares. I feel like there's only a few more days of moon-like BB growth but unlike GME, at least it's back to levels where it was just a bit over a year ago. I'll keep the 2022 leap and shares, sell the weekly calls tomorrow or next week I think.
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Jan 15, 2021 03:53
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Agronox posted:$38, and anywhere from 2-7 days. Oh poo poo, thanks! Is that for American accounts with TD Ameritrade, or in Canada with TD Direct Investing though? Chad Sexington posted:Yuuuup. Don't have the leverage that guy has though. I also lack similar initial leverage. I started with ~$10k about a month ago, which grew to ~$15k by last week. I restructured my portfolio around the same time, relegating ~$11k to sit parked in a single decently managed warrant until it pops ($FUSE.W), and leaving the other $4k for experimenting/FOMOing/long-shots, etc. I was above $20k for the first time this morning until I sold my $4k of FUSE commons before they rallied and shuffled it into CCIV warrants, screwing me out of ~$600 and keeping me just under $19k. Aftermarket looks promising though, could wake up to above $20k again. I figure $10k-15k is a nice block to work with per SPAC, so when I hit the $25k range I'll be thinking about cashing out to fund two new plays. Me and a buddy are getting into this at about the same time, with aggressive goals of reaching $100k and $50k respectively by end of year. He can't buy warrants through his broker but he can buy units and split them, then sell the commons. It's a bit of a disadvantage and I'm not sure why he doesn't switch brokers, but I suppose he could follow the advice of that reddit thread and make plays like that guy.
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Jan 15, 2021 06:55
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I’ve been caught bag holding CLOV for a while I think. Work and family stuff meant I wasn’t paying attention to the timings. I haven’t taken a bath from it but have erased my gains for the year so far lol. I should just go passive until things die down.
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Jan 15, 2021 09:22
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I'm getting out of most of my TLRY this morning. Been a surprisingly delightful ride, knock on wood
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Jan 15, 2021 14:24
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Lieutenant Dan posted:I'm getting out of most of my TLRY this morning. Been a surprisingly delightful ride, knock on wood Def gonna take some profits today depending on the pop, actually have some $10 calls I might exercise to migrate to a long-term position.
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Jan 15, 2021 14:28
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Lieutenant Dan posted:I'm getting out of most of my TLRY this morning. Been a surprisingly delightful ride, knock on wood Yeah, I'm dumping 75%, and putting it into BB.
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Jan 15, 2021 14:51
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BB and BBBY, lmao okay wsb im a believer now cathy bought 500k of pltr so maybe its time to ride some calls there again
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Jan 15, 2021 14:58
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thats not candy posted:cathy bought 500k of pltr so maybe its time to ride some calls there again I'm signed up for ARK trade emails and saw that they bought a bunch last night, and I was prepared to go in, too, but I saw this news article being linked on WSB: https://www.thedailybeast.com/cdc-officials-urge-biden-team-to-dump-palantirs-covid-tracker
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Jan 15, 2021 15:24
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Sand Monster posted:I'm signed up for ARK trade emails How do you do this? Do they offer this, or is this from some 3rd party site?
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Jan 15, 2021 15:31
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Cacafuego posted:How do you do this? Do they offer this, or is this from some 3rd party site? I think this is where I signed up: https://ark-funds.com/subscribe They sent out a daily email with tickers that were bought and sold for their ETFs.
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Jan 15, 2021 15:35
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:: nervously eyeing the sell button on my TLRY calls ::
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Jan 15, 2021 15:40
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Sand Monster posted:I think this is where I signed up: https://ark-funds.com/subscribe Thanks, I signed up for the updates. I'm in ARKG, which has done really well for me. I'm a bit hesitant with individual biopharma/genetics stocks since they each increase or decrease based on trial data, so it's too much to watch for. For the active management by someone who knows what they're doing, though, ARKG is a good investment for me. I'm really interested to see what they'll have in ARKX too.
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Jan 15, 2021 15:43
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Sand Monster posted:I'm signed up for ARK trade emails and saw that they bought a bunch last night, and I was prepared to go in, too, but I saw this news article being linked on WSB: hmm yeah. on the other hand, a system being crap just means the government or mic often doubles down though pltr is a long hold for me but i dont have much in it
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Jan 15, 2021 15:46
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Maybe a dumb question, but how do y'all handle taxes with all of this trading? Do you have to keep a spreadsheet to track each trade and the gain/loss? Report just year-end gain/loss?
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Jan 15, 2021 16:02
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cciv sell off is scary each time. bought my cciv $30 february covered calls back for less than a third of what i sold them for at least
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Jan 15, 2021 16:12
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Yeah that's why I don't gently caress with SPAC options.
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Jan 15, 2021 16:16
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Omne posted:Maybe a dumb question, but how do y'all handle taxes with all of this trading? Do you have to keep a spreadsheet to track each trade and the gain/loss? Report just year-end gain/loss? Some platforms can generate reports for you (mine does at least. DEGIRO, a European one) to help.
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Jan 15, 2021 16:16
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TurboTax or whatever can connect to most brokerages, download the trades, and do the trade reporting for you. Don’t just send a net profit number. I did that once and it took a bit of trouble to fix w the irs, since this was before cost basis reporting and all sales were reported as profit.
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Jan 15, 2021 16:17
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Lmao, loving BB options tanking hard. What the gently caress? Everyone who bought their options last week exiting? Figures. Should've sold just after open.
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Jan 15, 2021 16:22
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Sand Monster posted:I'm signed up for ARK trade emails and saw that they bought a bunch last night, and I was prepared to go in, too, but I saw this news article being linked on WSB: Cacafuego posted:How do you do this? Do they offer this, or is this from some 3rd party site? You guys should also check out https://www.cathiesark.com It's a really cool site.
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Jan 15, 2021 16:28
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FistEnergy posted:Yeah that's why I don't gently caress with SPAC options. they're incredibly volatile but ive had insane returns trading gik options and im still well up with cciv thanks to flipping the first day's chain. if cciv tanks though ill be scrambling to sell and definitely get burned a little
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Jan 15, 2021 16:31
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https://twitter.com/alexcutler247/status/1350100764371386373?s=19 It could be to announce a new important hire or a myriad other things, who knows, let's see
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Jan 15, 2021 16:32
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Omne posted:Maybe a dumb question, but how do y'all handle taxes with all of this trading? Do you have to keep a spreadsheet to track each trade and the gain/loss? Report just year-end gain/loss? I only gently caress around in my Roth IRA, so no tax implications.
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Jan 15, 2021 16:44
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Omne posted:Maybe a dumb question, but how do y'all handle taxes with all of this trading? Do you have to keep a spreadsheet to track each trade and the gain/loss? Report just year-end gain/loss? I lose a little bit on each trade then don’t itemize.
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Jan 15, 2021 16:47
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Nothing like an out of nowhere -20% day (so far?) for a ticker on the last day of the option to scare me on options trading once again.
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Jan 15, 2021 17:06
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orange sky posted:https://twitter.com/alexcutler247/status/1350100764371386373?s=19 time to fly glad i bought my covered calls back. that went from like 16.5 dip to over 19 in no time
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Jan 15, 2021 17:08
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thats not candy posted:time to fly My shares are ready
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Jan 15, 2021 17:10
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buddy we're going to the moon 20.68 and did it just halt?
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Jan 15, 2021 17:11
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orange sky posted:https://twitter.com/alexcutler247/status/1350100764371386373?s=19 wow i got in early on this
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Jan 15, 2021 17:15
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lmao i should have bought more calls when they were cheap
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Jan 15, 2021 17:15
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i got hosed by qcln tho so it evens out
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Jan 15, 2021 17:24
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thats not candy posted:time to fly I feel like I'm aging a year per day with the CCIV volume and swings
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Jan 15, 2021 17:25
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FistEnergy posted:I feel like I'm aging a year per day with the CCIV volume and swings im losing all my hair but ill be able to afford the finest plugs when this moons
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Jan 15, 2021 17:26
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