|
Sepist posted:Dont quote me on this but I believe SPY has extended hours options
|
#
?
Mar 16, 2020 21:04
|
|
|
|
| # ? Jun 7, 2024 05:14 |
|
|
FreelanceSocialist posted:What did we do now? They said that we are going out and spreading the virus and that we need to isolate to protect the Greatest Generation Almost literally word for word
|
|
#
?
Mar 16, 2020 21:04
|
|
|
LLCoolJD posted:There are some really really cheap stocks out there. Gonna hoover up some bargains in the coming weeks and ignore them for a few years, methinks. It's amazing what we have been conditioned to think is "cheap", now.
|
|
#
?
Mar 16, 2020 21:05
|
|
|
"The Market will take care of itself".
|
|
#
?
Mar 16, 2020 21:06
|
|
|
GoGoGadgetChris posted:They said that we are going out and spreading the virus and that we need to isolate to protect the Greatest Generation My parents and their idiot friends have been going out to their favorite restaurants all week because they "want to support the owners" and "we don't need reservations right now". And in my town older people are forming morning walking groups since so many are working from home right now. Enjoy yourselves, highest-risk groupies!
|
|
#
?
Mar 16, 2020 21:08
|
|
|
"I don't want to bother the Italians too much right now, I just get the data once a week" Please loving bother them, now would be the time
|
|
#
?
Mar 16, 2020 21:12
|
|
|
Agronox posted:Trimmed short position a little, wrote some puts expiring today against the rest... These got exercised against me. So I replaced the position and wrote more puts, this time expiring on Wednesday. I have never seen S&P options so expensive in my life. Are we past the 2008 VIX highs yet?
|
|
#
?
Mar 16, 2020 21:12
|
|
|
My 62-year-old mother was lamenting on the phone to me last night how much retirement money she lost and how she's gonna have to work forever now. I asked her why she didn't have most of her money somewhere safer. She asked why she'd do a thing like that, she made so much money in the past few years!
|
|
#
?
Mar 16, 2020 21:16
|
|
|
Agronox posted:I have never seen S&P options so expensive in my life. Are we past the 2008 VIX highs yet?  Nope, the peak in 2008 was 89.53. The highest we got today was 83.30, and we closed at 80.71.
|
|
#
?
Mar 16, 2020 21:19
|
|
|
GoGoGadgetChris posted:They said that we are going out and spreading the virus and that we need to isolate to protect the Greatest Generation That was so infuriating, considering every person I know under 40 has been super cautious and saying things like "I know I'm fine, but I'm worried for my parents/grandparents" and meanwhile I've had idiot boomers berating me for "overreacting" and "if millenials weren't all panicked right now the market would be fine"
|
|
#
?
Mar 16, 2020 21:22
|
|
|
Since I'm the resident GFC historian: VIX hit 89.53 on 10/24/2008. We're 7 points off beating the prior best score.  Got the Divergence indicator correctly set up for alerts, and also got a false positive this afternoon at 3:45pm. Seeing it put on the chart ex post facto, and it firing in real time are different; I didn't buy in because the "minimum" didn't look too convincing as a minimum and that proved out right. Anyway, I think it's good enough for an alert, but I wouldn't trade it blindly.
|
|
#
?
Mar 16, 2020 21:23
|
|
|
saintonan posted:
|
|
#
?
Mar 16, 2020 21:24
|
|
|
Dwight Eisenhower posted:Since I'm the resident GFC historian: VIX hit 89.53 on 10/24/2008. We're 7 points off beating the prior best score.
|
|
#
?
Mar 16, 2020 21:25
|
|
|
Josh Lyman posted:I mean, we're pretty much splitting hairs at this point. These are 2008 levels. We have months more of this, especially if the federal response to the coronavirus continues to be so spectacularly mismanaged.
|
|
#
?
Mar 16, 2020 21:26
|
|
|
1st_Panzer_Div. posted:He's wrong. Like even if he managed it intentionally poorly that's not possible. What disgusting stocks did his father invest in?
|
|
#
?
Mar 16, 2020 21:27
|
|
|
saintonan posted:
Thanks! Okay, we're close. The reason I asked: we closed at 2400, give or take. I wrote 2300 strike puts expiring Wednesday afternoon for 67.50. Totally crazy. Whoever bought them needs SPY to drop by nearly 7% in 48 hours to make money. Hey, maybe that happens. But it is crazy.
|
|
#
?
Mar 16, 2020 21:27
|
|
|
Agronox posted:Whoever bought them needs SPY to drop by nearly 7% in 48 hours to make money. I mean...
|
|
#
?
Mar 16, 2020 21:30
|
|
|
FreelanceSocialist posted:It's amazing what we have been conditioned to think is "cheap", now. P/E: BUD 8.59 TOT 6.29 BTI 9.92 RDS.A 6.5 CL 8.43
|
|
#
?
Mar 16, 2020 21:31
|
|
|
That earning denominator is gonna start dropping.
|
|
#
?
Mar 16, 2020 21:33
|
|
|
GoGoGadgetChris posted:Fuckers had to blame millennials, didn't they For once Millenials get to hold the reigns on an existential crisis. You should hold the boomers hostage to fix the environment in exchange for not coughing on them.
|
|
#
?
Mar 16, 2020 21:33
|
|
|
Gonna get some S&P 10x inversed etfs tomorrow No puts, because scandinavian stock market is dumb
|
|
#
?
Mar 16, 2020 21:35
|
|
|
That almost better - can't really go to zero the way a short term option might, right?
|
|
#
?
Mar 16, 2020 21:37
|
|
|
Man really couldn't diamond hands my VXX calls from last week. What a shame!
|
|
#
?
Mar 16, 2020 21:37
|
|
|
I haven't found a good copy of it, but there's a few charts of the percent drop we've seen since Feb superimposed over other percent drop implosions for other big crashes. Net net: This one's 1.5-2x faster than we've ever seen. Josh Lyman posted:Are you talking about the 3:44pm candle that had a range of 2421-2456? That triggered a buy signal? On a 5m chart for 3:45pm today, ohlc was: 2443.75, 2446.25, 2420, 2420.5, dip on stochastic was 22.9945 as a minimum following a prior dip of 17.07 at 2:25pm with a low of 2425. So, stochastic was up and price was down, but it being a "dip" was bullshit because there was no climb back on the stochastic Full D curve. Which means the software is good for alerting and you have to human evaluate the "dip-ness" of the curve after it wakes up. edit: Since I think people like hearing my trades and thought process, I opened a smaller SPY put position because I had cash and lol this loving market with 270 SPY puts on the 11th for 15.26. I rolled it on the 12th for a net credit of 7.1. I rolled that to 235 this morning for a net credit of 9.49, so I've pulled a total of 16.59 out of the position and now am holding shallow OTM puts. The 11th I was buying contrary to the rally, and then the 12th I rolled it atm. Today I rolled it OTM because I think we're gonna keep dropping. This one expires April 17th so right now my intention is to continue holding it until the contracts hit ~-.75 delta and then roll them down to -.60, and then bail out at ~ 15 days to expiry for whatever I can get. Dwight Eisenhower fucked around with this message at 21:46 on Mar 16, 2020 |
|
#
?
Mar 16, 2020 21:37
|
|
|
FreelanceSocialist posted:That almost better - can't really go to zero the way a short term option might, right? It knocks out and you lose your position if it goes to zero on a daily swing
|
|
#
?
Mar 16, 2020 21:39
|
|
|
Agronox posted:Thanks! Okay, we're close. Doesn't seem that crazy.
|
|
#
?
Mar 16, 2020 21:40
|
|
|
Dwight Eisenhower posted:I haven't found a good copy of it, but there's a few charts of the percent drop we've seen since Feb superimposed over other percent drop implosions for other big crashes. These are the two that I saw recently:   Not sure I want to draw any conclusions from them other than (1) the coronavirus crisis is moving much faster than the economic crises did and (2) this administration is far more incompetent than any other in US History. FreelanceSocialist fucked around with this message at 21:45 on Mar 16, 2020 |
|
#
?
Mar 16, 2020 21:43
|
|
|
Tough as hell scalping /ES today. It was so volatile none of my normal trading techniques worked. Ended up just trading price action for a slight profit of $500 (probably $0 after commissions lol)
|
|
#
?
Mar 16, 2020 21:43
|
|
|
FreelanceSocialist posted:These are the two that I saw recently: One thing to consider here is that everyone knows that the current Pandemic will cause a recession, while with the other crashes nobody was sure whether it was going to be a recession instead of a soft patch or a simple correction. We're going to reach the bottom in a far shorter time frame, the issue will be how long the recession will last - and how long it lasts is up to some very dysfunctional governments. And I'm talking about governments worldwide, not just US.
|
|
#
?
Mar 16, 2020 21:55
|
|
|
Exited out of my 3/20 SPY puts today — literal early before the dip / return to 240 at the end but gently caress I'm just happy to be out with some gains. Just a few more to exit this week and then I'm watching...
|
|
#
?
Mar 16, 2020 22:11
|
|
|
paternity suitor posted:That was so infuriating, considering every person I know under 40 has been super cautious and saying things like "I know I'm fine, but I'm worried for my parents/grandparents" and meanwhile I've had idiot boomers berating me for "overreacting" and "if millenials weren't all panicked right now the market would be fine" This is so loving true. I'm 34, 35 in a few months. I live in the SF Bay Area, and SF was one of the first cities to declare an emergency. When I started seeing what was happening in Italy my wife and I went out about 10 days ago and even then store shelves were starting to get dented, but not nearly the same as the emptiness now. We didn't hoard, we got non perishables and enough of them to last for about 2 weeks just to make sure in case of the worst. We're not trying to clear shelves, just get enough real food to make sure we're ok. Also to help take care of my 21 year old cousin who just moved to Santa Clara for her first job, from Oregon. She's on her own and isolated from her family, so I wanted to make sure we had her taken care of too. We're good, good enough in fact to support my parents who, as of a few days ago, were telling me to listen to the president if I wanted to learn what was going on, and not to panic, just listen to the president and his experts. TheKevman fucked around with this message at 22:29 on Mar 16, 2020 |
|
#
?
Mar 16, 2020 22:27
|
|
|
I wonder which lovely companies are running around on fire now that the DOW lost a third of its shares. Is this going to be worse than the Great Recession/Depression?
|
|
#
?
Mar 16, 2020 22:31
|
|
|
I don't think it's going to be bad as the Great Depression (nor do I think anything will ever get that bad again). Whether it will be as bad as the 2008 Recessions depends on how quickly stocks recover. We knew this was coming, unlike in 1929 and 2008, and in theory that should mean the market should react more like a V in a few months rather than continue to dip...and dip...and dip... Personally, I think it's going to be closer to the dotcom bubble.
|
|
#
?
Mar 16, 2020 22:43
|
|
|
LLCoolJD posted:P/E List No - I totally agree with you, it was just an off-hand comment about the P/E range that everyone felt was a bargain just 6 mos ago. I could've worded that better. This market-wide implosion seems like it might be the reset switch for expectations. I hope. Grouchio posted:Is this going to be worse than the Great Recession/Depression? I don't think so - too many safety nets and pillow forts and modern-day comforts for it to be quite that bad.
|
|
#
?
Mar 16, 2020 22:45
|
|
|
Buncha Fuckin Crash!!!!!!!!!!!! › Stock Trading: Just started trading 3 days ago and a third of my market is gone
|
|
#
?
Mar 16, 2020 22:56
|
|
|
FreelanceSocialist posted:No - I totally agree with you, it was just an off-hand comment about the P/E range that everyone felt was a bargain just 6 mos ago. I could've worded that better. This market-wide implosion seems like it might be the reset switch for expectations. I hope. The average P/E was definitely creeping quite high, although if rates stay low won't that still be a thing?
|
|
#
?
Mar 16, 2020 22:57
|
|
|
saintonan posted:Buncha Fuckin Crash!!!!!!!!!!!! › Stock Trading: Just started trading 3 days ago and a third of my market is gone
|
|
#
?
Mar 16, 2020 22:57
|
|
|
saintonan posted:Buncha Fuckin Crash!!!!!!!!!!!! › Stock Trading: Just started trading 3 days ago and a third of my market is gone
|
|
#
?
Mar 16, 2020 22:59
|
|
|
Geez, I wonder what happened today. My GAMR ETF dropped an extraordinary amount compared to all others. Before they performed the same under the current drama.
|
|
#
?
Mar 16, 2020 23:01
|
|
|
|
| # ? Jun 7, 2024 05:14 |
|
|
https://twitter.com/deitaone/status/1239669588796887041?s=21
|
|
#
?
Mar 16, 2020 23:06
|
|