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cr0y posted:Whelp that was fun while it lasted i was very clear with the money that it needed to go up. edit: i lied, stop here. 
Deviant fucked around with this message at 15:13 on May 5, 2021 |
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May 5, 2021 15:08
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How do people flip from calls to puts on a specific security without running into wash sale drama?
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May 5, 2021 16:25
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cr0y posted:How do people flip from calls to puts on a specific security without running into wash sale drama? Please be specific, with an example, because with your question as phrased there's no problem at all.
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May 5, 2021 16:28
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Inflation and tech overvaluation are scaring me some, but nevertheless he persisted.
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May 5, 2021 16:31
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Agronox posted:Please be specific, with an example, because with your question as phrased there's no problem at all. For example I have some spy calls that are down 10% from when I bought them, if I sold them (at a loss), used those proceeds to flee to spy puts, and those puts made money, selling those puts at a profit would be a wash sale, no? Edit: assuming I'm within the 30 day window blah blah blah
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May 5, 2021 16:37
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ASPS, the foreclosure people, is having a wild day. I bought it a couple weeks ago at $6.50 so am just barely green now. Earnings call scheduled for 5/10, haven’t seen any news. Day low 5.63, now $6.80 on double volume. e: 7.18 e: 7.40 Tokyo Sex Whale fucked around with this message at 16:56 on May 5, 2021 |
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May 5, 2021 16:51
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Whoa, dogecoin tanking out of nowhere.
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May 5, 2021 17:02
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YeahTubaMike posted:Whoa, dogecoin tanking out of nowhere. Yesterday: woah dogecoin spiking out of nowhere
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May 5, 2021 17:06
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Tokyo Sex Whale posted:ASPS, the foreclosure people, is having a wild day. Yeah to the person who popped in here to suggest it as a pick, it's looking pretty drat good right now. Greatly appreciated.
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May 5, 2021 17:06
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cr0y posted:For example I have some spy calls that are down 10% from when I bought them, if I sold them (at a loss), used those proceeds to flee to spy puts, and those puts made money, selling those puts at a profit would be a wash sale, no? No. Strike 420 SPY puts and strike 420 SPY calls for example are not substantially similar securities, in fact the type of risk you're taking on there is the opposite from one to the other. (The caveat is that there ARE ways to structure options transactions in which you're basically putting on the same position with a different name, in which case the wash sale rule would be implicated, but what you describe isn't it.) Agronox fucked around with this message at 17:15 on May 5, 2021 |
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May 5, 2021 17:10
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Wow what caused the spike on ASPS?Agronox posted:No. Strike 420 SPY puts and strike 420 SPY calls for example are not substantially similar securities, in fact the type of risk you're taking on there is the opposite from one to the other. Thanks for this, the fact that they are basically opposite instruments is a good point.
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May 5, 2021 17:10
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cr0y posted:Wow what caused the spike on ASPS? A judge just vacated the CDC directive that was preventing people from foreclosing.
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May 5, 2021 17:10
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reignofevil posted:A judge just vacated the CDC directive that was preventing people from foreclosing. username/post
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May 5, 2021 17:18
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Does that mean we will start seeing more inventory in the housing market now?
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May 5, 2021 17:42
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Ola posted:The markets crashed up during covid, so they must crash down when covid ends. This might genuinely be the most rational financial forecast I’ve heard all year  Thirding my thanks to whoever brought up ASPS, CHMA having a nice ~50% day too
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May 5, 2021 17:43
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LiterallyAnything posted:Does that mean we will start seeing more inventory in the housing market now? Cruel, but I'm also trying to buy, so I guess  Also, The stock that shall not be named is now my biggest position.
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May 5, 2021 17:44
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Well someone just almost doubled their position in goon fav stock since it got down to my cost basis of 2.20. In other news I'm down on every stock in my portfolio  Still up a bit over 2% from what I put in like 2 months ago thanks to my CCIV banger.
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May 5, 2021 17:56
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Yeah at least my cost basis is going down for gewn meme stock.
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May 5, 2021 18:01
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Don't really know where else to post this but I just had my first official double bagger on price returns alone: CC. It was right on the edge before earnings. With dividends it certainly was a double bagger before today.
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May 5, 2021 18:30
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Red posted:OXLC has been one of my few greens today. Slowly but surely, and a nice monthly dividend, too.
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May 5, 2021 18:47
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Tokyo Sex Whale posted:Thinking about ASPS. We all thank you for this post.
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May 5, 2021 19:13
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bollig posted:Don't really know where else to post this but I just had my first official double bagger on price returns alone: CC. It was right on the edge before earnings. With dividends it certainly was a double bagger before today. That's how it's done 📉  📈
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May 5, 2021 19:25
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Zypher posted:We all thank you for this post. Yeah we do!
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May 5, 2021 19:28
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Tesla's carbon credit income is drying up, Fiat Chrysler will stop buying. https://www.businessinsider.com/tesla-emissions-credits-sales-profit-stellantis-fiat-chrysler-2021-5
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May 5, 2021 19:52
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This casino sucks.
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May 5, 2021 20:05
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Zypher posted:We all thank you for this post. Hey, no prob, anybody that also followed me into TELL: one more day like this and we should be back to even. bollig posted:Don't really know where else to post this but I just had my first official double bagger on price returns alone: CC. It was right on the edge before earnings. With dividends it certainly was a double bagger before today. I hit big money on CC too but got out in January about 20% too early I guess. It’s pretty rich now imo and the liability agreement with DuPont from a couple months back is potentially disastrous. OTOH I saw some report that pulls potential meme stocks from WSB and it made the list recently so maybe it goes to $200.
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May 5, 2021 20:18
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A HORNY SWEARENGEN posted:This casino sucks. I don't know what you're upset about, I'm up $1.86 today gently caress, down $5? I hate this game Red fucked around with this message at 20:51 on May 5, 2021 |
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May 5, 2021 20:18
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Power hour more like COWER hour amirite
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May 5, 2021 20:21
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bought two 8/20 $RGR 75c's @ 2.25. earnings tonight. low IV. flat recently. no debt. low p/e. their website talks about gun shortages and high demand, and they have a lot of open hiring slots. hopefully I'm not about to eat crap on earnings options, but, low risk overall as % of fun money.
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May 5, 2021 20:35
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Tokyo Sex Whale posted:
Definitely going to trim it. I'm going to have to sort of reassess how far I want to go with it. I don't know if this was/is still the case but a lot of AIs had trouble with CC as a ticker because in a lot of forums people use CC as an abbreviation for covered call.
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May 5, 2021 20:44
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cr0y posted:Everyone keeps screaming about the impending crash but really, is there any fundamental reason we can't just keep coasting along? I don't see what other shoe can drop, the world is getting back to work, covid is sort of getting under control on average, general fear is declining, we no longer have a huge wild card in the white house, etc. We're climbing the wall of worry, inflation is the latest thing to get worked up over. Most likely in 6 months no one will be talking about it and we'll have a new thing everyone is worried about. My guess is that worker shortage and continued supply chain difficulties are the next thing up. This thread is old enough you can go back and look through a decades worth of this kind of stuff
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May 5, 2021 22:02
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Are people getting OUT of stocks because of inflation worries? What are they buying with their soon-to-be-worthless money? (houses, apparently)
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May 5, 2021 22:05
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GoGoGadgetChris posted:Are people getting OUT of stocks because of inflation worries? What are they buying with their soon-to-be-worthless money? Crypto, NFTs, and still GME probably
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May 5, 2021 22:06
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pmchem posted:bought two 8/20 $RGR 75c's @ 2.25. earnings tonight. low IV. flat recently. no debt. low p/e. their website talks about gun shortages and high demand, and they have a lot of open hiring slots. hopefully I'm not about to eat crap on earnings options, but, low risk overall as % of fun money. https://twitter.com/BillofRights201/status/1390050212379516939 https://twitter.com/BillofRights201/status/1390056370167222279 Dunno how price will go tomorrow but uh the company is doing well
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May 5, 2021 22:32
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TheKevman posted:Got a question about a strategy I've been thinking about for a little while now with my Playboy option because I haven't really been in this kind of a spot before... Was out of town but sold my PLBY 10/15 $22.50c for $30.52 for a net of $19.22 on, best/quickest gain I've had in quite some time (In: 4/12, out 4/26). blah blah blah.....if only the rest of my portfolio....blah blah blah added more of the stock-which-shall-not-be-named at 2.19 today, up to 824 shares with a basis of $2.21 My Snap/Pins LEAPS are getting hammered but at least I got my CC's in last Friday instead of waiting until Monday to sell 'em  I don't think I've ever had CC's plummet so quickly that I've sold beforesnagged 100 shares of VSTO because I think the thesis is solid and judging by my local gun shop's ammo shelves and the difficulty my wife has had trying to reserve even the most remote of campgrounds here in Washington, those factors would likely agree as well. Interested to see how DKNG does Friday. MM handle was absolutely massive, I'm curious to see how it played out for them.
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May 5, 2021 22:33
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pmchem posted:https://twitter.com/BillofRights201/status/1390050212379516939 The real fun with that stock is you can see the debates, election day, and January 6th. You can also see spikes after major news mass shootings because we died and this is hell.
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May 5, 2021 22:36
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cr0y posted:Everyone keeps screaming about the impending crash but really, is there any fundamental reason we can't just keep coasting along? I don't see what other shoe can drop, the world is getting back to work, covid is sort of getting under control on average, general fear is declining, we no longer have a huge wild card in the white house, etc. I don’t think it is based on much more than the assumption that stocks will return to historical P/E ratios at some point which means either a long period of stagnation which earnings catch up to share prices or a big drop in share prices to bring them into line with earnings. Personally I don’t think it can happen while interest rates are low, and possibly won’t be allowed to happen ever because the market has become too intertwined with the real economy for policy makers to tolerate a crash.
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May 5, 2021 22:43
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This could drag down biotech across the board, so don't be surprised to see dips in your unrelated biotechs.
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May 5, 2021 23:02
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Even like... totally unrelated experimental drugs still in the phase 2 trials? Sheeeeeeeeeeeeeeeeeeeeeeee-it
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May 5, 2021 23:06
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Does the US "backing" patent waivers actually mean they'd be likely to do it? Personally I doubt it, but that's based on pure cynicism and nothing else. Seems much more likely just to be posturing or making an announcement they can point to in news cycles for a couple weeks while they actually do gently caress all. If they did actually enforce waiving patents then I can't imagine the amount of financial compensation they would gladly shovel directly into the pockets of those companies tax-free would be anything less than the largest handout in corporate history. Obviously that's still a better outcome for the world if that gets covid under control globally so if those are the two options on the table I hope we get the latter.
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May 5, 2021 23:25
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