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Ugh, I pulled the trigger way to early on CRTX. At least it’s getting cheaper to buy more.
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Mar 6, 2020 18:30
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GoGoGadgetChris posted:My 9/30 SPY put at 310 has doubled in value. Wasn't there a big post recently on taking your wins and playing with the house money or something? Conversely, gotta let your winners run or you never gonna get rich.
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Mar 6, 2020 18:32
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GoGoGadgetChris posted:My 9/30 SPY put at 310 has doubled in value. Wasn't there a big post recently on taking your wins and playing with the house money or something? Always a good idea. I don't get greedy with puts. Holding them overnight or over the weekend CAN produce big gains but WILL make you lose a lot of value regardless. Who wouldn't accept a free lottery ticket, though?
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Mar 6, 2020 18:33
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Snack Bitch posted:Ugh, I pulled the trigger way to early on CRTX. At least it’s getting cheaper to buy more. I have some minor concerns about their trial being affected if there is a quarantine in the relevant cities, since the patients need to report to a clinical setting for their drugs But also, they are voluntarily spilling some early data in q4 2020, a full year ahead of having full trial data. You don't do that if you don't have data you're proud of. I still see the ground floor for investors being closed off by September 1, 2020 but in the next few months? I wouldn't be surprised to see it spend time in the $20s again if the virus spread worsens. I've said it before, this is a stock that's going to $1,750 or $1 a share in 2022. Selling for a 2x, 3x profit is heresy
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Mar 6, 2020 18:35
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Is there any reason I shouldn’t sell a bunch of deep OTM weekly options that expire in 3 hours to scalp some premium?
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Mar 6, 2020 18:45
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Josh Lyman posted:Is there any reason I shouldn’t sell a bunch of deep OTM weekly options that expire in 3 hours to scalp some premium? Never exercise options. So yes sell them
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Mar 6, 2020 18:48
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going long slv, short intc into close. Part of me is "290 is great support from last fall" The rest of me is *gestures everywhere*
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Mar 6, 2020 18:48
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pixaal posted:Never exercise options. So yes sell them
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Mar 6, 2020 18:53
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Josh Lyman posted:I meant I’d be writing the options just to collect premium. It seems close to a free money situation. People can still call to exercise options, I've never had it happen when holding something expiring out of money but they should be able to call and exercise anyway if they feel like it (it goes into the money in after market). I've read articles claiming people have been able to get things exercised as let as a Saturday but I honestly don't know enough about that. Worst case you are close are forced to buy 100 shares per contract of SPY at your strike and you sell them on Monday. edit: You also have to find a buyer
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Mar 6, 2020 19:22
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Dumped some SPY puts, got out of NFLX puts at a much smaller loss, picked up more CY, CY calls and went shopping around the market in general shoveling up semis and airlines. What do people think about $HA? They're so weak right now and I feel like they're an easy acquisition by someone to get their routes + landing slots.
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Mar 6, 2020 19:23
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GoGoGadgetChris posted:
Or you do it if you want to pump the stock so you can raise more cash via offering.... not saying thats what theyre doing but theres certainly more possible reasons than "they cured alzheimers!. Companies tout early results all the time, do an offering, then fail trials. Its pharmascam 101
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Mar 6, 2020 19:35
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I definitely see the risk!
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Mar 6, 2020 19:44
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movax posted:What do people think about $HA? They're so weak right now and I feel like they're an easy acquisition by someone to get their routes + landing slots. I’ve been eyeing HA after the correction because they (seemingly unreasonably) got beaten down more than most airlines. However I really don’t want to touch any part of the travel industry as I’m not sure we’ve seen the worst of it — all these travel horror stories from Diamond Princess, northern Italy, etc are going to hurt demand long after the blip of the coronavirus is gone
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Mar 6, 2020 19:50
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Lodging is picking up the slack from airfare, jesus Round trip Portland to Maui for $187 total, but hotels have spiked from 200 to 300 all the way to the 600 to 800 a night range
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Mar 6, 2020 19:51
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Bought VXX 50 dollar strike calls for .27 expiring 4/17 yesterday, today they are 1.00 its nuts. I bought some 25 dollar strike ones back in february for .38 sold yesterday at 3.80 today they are 8.40. So I am very confused about how to feel.
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Mar 6, 2020 20:04
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Selling at profit is always good friend, you'd feel worse if they'd gone down
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Mar 6, 2020 20:08
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GoGoGadgetChris posted:Lodging is picking up the slack from airfare, jesus What...? Do they think people are gonna use hotels more or some poo poo? If they have no proof, isn’t that speculation?
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Mar 6, 2020 20:08
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Pollyanna posted:What...? Do they think people are gonna use hotels more or some poo poo? If they have no proof, isn’t that speculation? By overcharging for rooms it doesn't matter that rooms are empty they cover the costs with the guests they get. It's greed. Maybe something to do with business trips that still happen and them having to pay the rates, I dunno I kind of assumed places that fly people around the country have special deals with discounted and locked in rates.
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Mar 6, 2020 20:10
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pixaal posted:By overcharging for rooms it doesn't matter that rooms are empty they cover the costs with the guests they get. It's greed. I work for an F100 and we are banned from travel outright, I can't imagine much business travel is happening.
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Mar 6, 2020 20:15
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The airlines also have a lot of demand algorithms that may be broken with these sorts of events. The rates for hotels may have minimums that are high based on length of time til booking.
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Mar 6, 2020 20:18
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Josh Lyman posted:Is there any reason I shouldn’t sell a bunch of deep OTM weekly options that expire in 3 hours to scalp some premium? You get a little less time for Theta to help you out and get some breathing room where a stop will make sense. I sold 301 SPYs this morning at .39 and they've decayed down to .08. We could still have a foolish rally at EOD so I put a stoploss buy in at .15. also just because there's a lot of new people playing with options here: NEVER PUT A MARKET STOP ON OPTIONS I'm doing it because I know why and when to break that rule. If you can't explain why and when to break that rule, and why it's a rule, NEVER PUT A MARKET STOP ON OPTIONS
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Mar 6, 2020 20:22
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Does TOS have trailing limit stops?
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Mar 6, 2020 20:25
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UnfurledSails posted:Does TOS have trailing limit stops? Yup: Select 'TRAILSTOPLIMIT' on the 'ORDER' column on the order editor. First row is your selling price. Second row is your stop trigger. Set what you're triggering off of (e.g. +.10 off ASK) in LINK. Set the limit order entry params in LINK, everything but MAN will mean trigger with an offset of that property when the STOP is tripped. In PRICE, you can select how you want to offset with the little chevron button on the left, e.g. you can switch between cents, steps, and percentages both for the trailing threshold and for the limit order price. I strongly encourage playing with it in OnDemand or Paper before running it live.
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Mar 6, 2020 20:47
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The market will have to drop 3% in the next 30 minutes to trip the circuit breaker. Looks like no dice.
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Mar 6, 2020 20:55
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Dwight Eisenhower posted:NEVER PUT A MARKET STOP ON OPTIONS Are you talking about contracts you buy off the market or options contracts you wrote yourself?
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Mar 6, 2020 20:55
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Ur Getting Fatter posted:Are you talking about contracts you buy off the market or options contracts you wrote yourself? I'm talking about options contracts in a brokerage account; don't put a stop order on closing your position. I do it on 0-days because they're liquid enough that the prices won't jump that much; but on a longer expiry or less liquid underlying you run the real risk that the bid/ask sides are 1-2 contracts deep and so filling your order will mean a hugely different price than the stop triggers at.
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Mar 6, 2020 21:01
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Ok, I get what you mean now I usually only do SPY or highly liquid options so I've never been off the mark by more than 0.01 or so.
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Mar 6, 2020 21:11
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greasyhands posted:VIX only got to about 60 at the height of the financial crisis, which I think most people would speculate was systemically worse than a nasty cold. To the contrary, I guess a lot of people arent appreciating just how overheated this market was on a very broad basis which gives us a lot of room to the downside without being 'unreasonable'. If you're starting to think something like TGT looks cheap, just remember it was in the 50s about 18 months ago- keep perspective. Anyways, gently caress this market. "2008 - On October 24, 2008, the VIX reached an intraday high of 89.53. 2018"
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Mar 6, 2020 21:15
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Because I'm a masochist I looked back to see how much the puts I sold are worth now... and I see that I only missed out on a 100% move. Crazy how much the current volatility is building in.
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Mar 6, 2020 21:25
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Dat bounce off 2900 
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Mar 6, 2020 21:26
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Ulio posted:"2008 - On October 24, 2008, the VIX reached an intraday high of 89.53. 2018" That was loving insanity eh. For the first and only time i actually called my congressmans office and was yelling like a maniac about needing to do a bailout. I forgot to mention that we also needed to prosecute the criminally negligent and maybe not hand out bonuses that year with the bailout money, but I thought that was implied.
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Mar 6, 2020 21:30
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It's Friday afternoon everyone's closing up shop for the next weekend of ??? New Infections e: also the new rumour of a 75bp cut coming Doccykins fucked around with this message at 21:33 on Mar 6, 2020 |
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Mar 6, 2020 21:31
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Remember how much fun DOW 20,000! was. Lets do that one again
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Mar 6, 2020 21:43
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GoGoGadgetChris posted:I have some minor concerns about their trial being affected if there is a quarantine in the relevant cities, since the patients need to report to a clinical setting for their drugs It’s possible but I have found that I am better off taking the 2X over risking it all with discovery pharma. This seems like one of the rare companies with enough interest to just profit on the run up to decisions.
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Mar 6, 2020 21:48
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Always inverse WSB. Anytime you see “drill team 6”, etc., buy a call or something. Christ. What the gently caress is this market. When I’m basically all cash I wish I was doing stupid poo poo, when I’m doing stupid poo poo I wish I was all cash even when I make money. Anyways I bought stock today.
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Mar 6, 2020 21:55
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What fuckery is this? Who is buying this poo poo before the weekend?
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Mar 6, 2020 21:55
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Numbers moving e: if there were like 5 more minutes in the day we'd probably turn green lol
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Mar 6, 2020 21:57
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this loving EOD rally lol stopped out with a profit
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Mar 6, 2020 21:58
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Doccykins posted:It's Friday afternoon everyone's closing up shop for the next weekend of ??? New Infections Ya its another liquidity/fed driven rally.
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Mar 6, 2020 21:59
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Seems like if you’re big enough and want free government money you should sell all your poo poo.
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Mar 6, 2020 22:01
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