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Jack Daniels
Nov 14, 2002

hell, even today Etrade filled my ERI short with some good rear end fill given the spread and I was like dang still at it nice :golfclap:

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shame on an IGA
Apr 8, 2005

lol remember when the thread title used to literally be "Don't use etrade"

4/20 NEVER FORGET
Dec 2, 2002

NEVER FORGET OK
Fun Shoe
etrade fills are the best fills

VelociBacon
Dec 8, 2009

Anticipating a pullback tomorrow? S&P futures down about 0.5%. Probably going to sell most of my calls at open.

Slow News Day
Jul 4, 2007

VelociBacon posted:

Anticipating a pullback tomorrow? S&P futures down about 0.5%. Probably going to sell most of my calls at open.

im anticipating total, complete nonsense!

lostleaf
Jul 12, 2009
This might be a recent change but I had no problem with Schwab transfers. I was able to trade with the full amount next business days. I finally transferred my gambling account from Robinhood and the order execution feels like night and day especially options. I'm so mad at myself for staying with them so long out of pure laziness.

Inner Light
Jan 2, 2020



Using Robinhood now, considering getting the hell out to TD Ameritrade. I'm spoiled with RH Instant, i.e. using unsettled funds ain't no thang. I understand a TDAM margin account is similar. When I use RH Instant I don't pay anything to trade with unsettled funds. Will I have to pay margin interest for certain days if I use unsettled funds to buy in TDAM?

For example I have $15k in my account, I buy $9k of SPY, then sell $10k of SPY, then want to buy $15k of a different symbol on the same day.

e: For those complaining about RH being a pile of crap (which it is), can you give an example of how Schwab / etrade whatever gives you better fills for longs or options? Normally for options do y'all pick a middle bid/ask value?

Inner Light fucked around with this message at 04:56 on Apr 7, 2020

VelociBacon
Dec 8, 2009

Holy poo poo these futures are going to turn green again. What a weird few days.

WampaLord
Jan 14, 2010

enraged_camel posted:

im anticipating total, complete nonsense!

new thread title

Jackhammer
Jul 10, 2008
Hell yeah let's go idiot market, 8x Dax bull make me some money.

dougdrums
Feb 25, 2005
CLIENT REQUESTED ELECTRONIC FUNDING RECEIPT (FUNDS NOW)

Inner Light posted:

e: For those complaining about RH being a pile of crap (which it is), can you give an example of how Schwab / etrade whatever gives you better fills for longs or options? Normally for options do y'all pick a middle bid/ask value?
lmao they give you better fills by actually executing your trades. how on earth is anyone still using robinhood?

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog
Heh I don't even know what that means. I just buy puts and calls on Robinhood and the money printer goes brrrrr

Hit Man
Mar 6, 2008

I hope after I die people will say of me: "That guy sure owed me a lot of money."

We find a cure? What the gently caress is happening?

jokes
Dec 20, 2012

Uh... Kupo?

Hit Man posted:

We find a cure? What the gently caress is happening?

Hahaha no, it's actually getting worse! Which is why stonks are booming!

I love this rollercoaster!

Jackhammer
Jul 10, 2008
Euros are thinking about loosening some restrictions so that means pandemic is over in business language

Josh Lyman
May 24, 2009


Guys this price action since 11:30pm has been inexplicable. We're up nearly 100 points on S&P futures for no good reason.

Doccykins
Feb 21, 2006
in the UK at least the financial year ticked over yesterday so rich people might be dumping their £20k annual ISA allowance into a market that's on sale, that's the only explanation I have

started to close some stupid otm insurance calls for april, rip the puts though. Going to have to roll them forward at a massive loss (probably next week to see if this rally gets broken over easter)

Doccykins fucked around with this message at 09:00 on Apr 7, 2020

TheKevman
Dec 13, 2003
I thought Mad Max: Fury Road was
:mediocre:
so you should probably ignore anything else I say

I guess this is good right I can get into some casino puts even better?

VelociBacon
Dec 8, 2009

TheKevman posted:

I guess this is good right I can get into some casino puts even better?

The IV is so high on induce puts it's scaring me off.

pram
Jun 10, 2001

Jack Daniels posted:


ALSO on Etrade if you get hit with PDT status it only lasts for 90 days, whereas Schwab it literally lasts for life based on your SSN lol jfc

haha holy poo poo

TheKevman
Dec 13, 2003
I thought Mad Max: Fury Road was
:mediocre:
so you should probably ignore anything else I say

Jack Daniels posted:

ALSO on Etrade if you get hit with PDT status it only lasts for 90 days, whereas Schwab it literally lasts for life based on your SSN lol jfc

Why the gently caress would any brokerage ever want to do this if it isn't explicitly mandated? Jesus.

jokes
Dec 20, 2012

Uh... Kupo?

Schwab likes money, and does not like fun.

If PDT rules are a serious hindrance to you, seriously don’t trade options. Or day trade!

That being said, TD is a far better choice for stupid trades over loving Etrade. And it’s better than Schwab in basically every way. I have been trading on Schwab for long enough that their software is familiar to me so I’m hosed. I do not like trading from my phone and their app is such poo poo for trading from a phone. You can close positions easily but buying options is a loving nightmare, much less being able to parse out how much you’re up/down on your options at a glance since it defaults to showing you day change for the security itself and not on your position.

Anyways, Schwab is great for retirement accounts imo.

jokes fucked around with this message at 09:38 on Apr 7, 2020

Doccykins
Feb 21, 2006
its 6.15am on the east coast i thought traders woke up early lol

LLCoolJD
Dec 8, 2007

Musk threatens the inorganic promotion of left-wing ideology that had been taking place on the platform

Block me for being an unironic DeSantis fan, too!

enraged_camel posted:

im anticipating total, complete nonsense!

Hit Man posted:

We find a cure? What the gently caress is happening?

I like to read the overnight comments before I look at the markets.

Jack Daniels
Nov 14, 2002

market is hella green haha goddamn missing out on this stupid rear end move oh well

leper khan
Dec 28, 2010
Honest to god thinks Half Life 2 is a bad game. But at least he likes Monster Hunter.
Why are futures up 3%? We are starting to get close to where the calls I've been holding like an idiot will make my whole account go up.

jk the underlying on the calls are only up .5-1% and WYNN is raking me over the coals

Someone explain the bull case for WYNN at these prices. Macao is still only locals, yeah? And they have to have piles of debt from the Boston location.

:ohdear:

Jack Daniels
Nov 14, 2002

the Cezars Palace dude ITT who closed his puts was right on... these casino stocks still going up!!!!!

short opp coming soon

Sepist
Dec 26, 2005

FUCK BITCHES, ROUTE PACKETS

Gravy Boat 2k
I would love if the S&P went over 2800 just so a lot of TA prophets would be wrong

FreelanceSocialist
Nov 19, 2002
Well this is going suck for my SPXS position.

paternity suitor
Aug 2, 2016

Number go fuckin up baby

FreelanceSocialist
Nov 19, 2002
Normally I am all for the going up of numbers but this week I'd prefer if they didn't.

pmchem
Jan 22, 2010


paternity suitor posted:

Number go fuckin up baby

between fed actions and congressional actions by the end of all this we're gonna be looking at over $10T of government intervention

coronavirus fear has peaked and gone

there is no way number is going down to 1800. at this point I'd be surprised if it broke below 2200.

Freezer
Apr 20, 2001

The Earth is the cradle of the mind, but one cannot stay in the cradle forever.

FreelanceSocialist posted:

Well this is going suck for my SPXS position.

Are you gonna keep it? I'm on this dilemma.

paternity suitor
Aug 2, 2016

FreelanceSocialist posted:

Normally I am all for the going up of numbers but this week I'd prefer if they didn't.

Number doesn't care about your feelings!

FreelanceSocialist
Nov 19, 2002

Freezer posted:

Are you gonna keep it? I'm on this dilemma.

Yeah. There will probably be an opportunity to get out for a small profit in the near future. I don't think this will last.

Tokyo Sex Whale
Oct 9, 2012

"My butt smells like vanilla ice cream"
Don’t fight the tape but everybody is having severe cash flow problems and I really doubt there’s anything resembling a V. 10 trillion is a drop in the bucket if the economy’s not back to something like normal by June 1. I’m planning on going short bigly when spot VIX hits the mid 20s.

What’s fair value on SPY if the div rate in 2 months is $4 because that would be my optimistic base case.

pmchem
Jan 22, 2010


open by Easter?
https://twitter.com/DeItaOne/status/1247504367617531904?s=20

pmchem
Jan 22, 2010


https://twitter.com/SalehaMohsin/status/1247506185378500608?s=20

yup this is all you're gonna hear about for the next week or two

VelociBacon
Dec 8, 2009

I feel like a lot of this has to be people thinking this is the time to hop back in the market and ride it up. Wondering if we're going to see the same extent of gains as we saw yesterday as people panic about getting in 'too late'.

In addition to the $SPY 4/13 and 4/27 265 calls, I have 2 $SPY 5/01 200 puts that I'm not getting rid of quite yet, agreeing with a previous poster that this is far from over.

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Lote
Aug 5, 2001

Place your bets

Jack Daniels posted:

the Cezars Palace dude ITT who closed his puts was right on... these casino stocks still going up!!!!!

short opp coming soon

I just think they've got one last short squeeze in them. $ERI is hard to borrow and only had like 600k shares to short yesterday which played a part in my decision. This stock may go to $18 today

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