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Jack Daniels posted:"How does a leverasged ETF work?" needs to be in the OP somehow lol $TVIX: 60% of the time it works every time $UVXY: 60% of the time you lose less money
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Jul 15, 2020 05:10
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I went long WORK
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Jul 15, 2020 05:58
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cr0y posted:That's as much as I understood from googling but how do they technically do it? They start the ETF at some baseline, usually a ratio of the original instrument, and then they multiply whatever percentage it goes up or down by 3x (not exactly but as close as they can) using derivatives and sometimes debt Here's a relatively basic graph that kind of shows how it would should look:  spb posted:I went long WORK I like the play but only up until the $34.50 range
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Jul 15, 2020 06:33
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Jack Daniels posted:"How does USO work?" Ah, well, you see, you take all but a single bullet out of the chamber and give it a little spin, as the first step. We should probably effort post a new first post or thread though, it's gotten pretty long in the tooth.
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Jul 15, 2020 08:15
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Jenkl posted:Is there any risk on not being able to fill both sides of the spread or does the broker handle that for you? Spreads (up to 4? 6? legs) are always executed as an atomic operation by the exchange. The options exchange has a Complex Order Book where the spreads are put up for other to see. This is how you get fills for values inside the Ask/Bid range for the spread: your order gets posted to the COB, a computer laughs, logs "SCRUB" on a dot matrix printer and fills your spread order because you're gifting them money (or you just fill a hole in their risk wall). If your order can be filled by the normal options prices, the exchange logs "SCRUB" on a laser printer, and fills your order from the non-spread components, for maximum detrimental order execution. Because you should always play the Ask/Bid midpoint when doing spreads. You can see the COB on some brokers, IIRC IB has the option to check it out. Maybe the exchange site will let you peek at a delayed COB. TLDR: atomic at the exchange level, up to a number of legs.
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Jul 15, 2020 08:57
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heheh... found out today that FINRA and SEC fees add up when you churn through roughly $2.5M worth of transactions in a day. May have to rethink my bot's strategy.
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Jul 15, 2020 13:37
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I mean - did you make money? If so, why touch it?
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Jul 15, 2020 14:00
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Well, lost about $20 over the course of yesterday trading, then about $40 or SEC/FINRA fees on top of it. Not ideal - I need to do better at determining when the market is moving sideways.
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Jul 15, 2020 14:41
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Lote posted:$ERI $CZR deal has the last regulatory thing due tomorrow. $CZR trading like $ERI should be $42.25 and $ERI is $40. Thank you for this. My only regret in life is not buying more calls.
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Jul 15, 2020 14:48
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I just added VSTO, RGR, and SWBI to my dystopian hellworld index. Guns 'n' Ammo. Is there any scenario near election time where these stocks don't go up? They may dip before then, but... Biden wins --> Trump supporters buy guns and ammo to defend the Republic contested election --> Trump supporters buy guns and ammo to defend the Republic Trump wins --> riots in major cities --> Trump supporters buy guns and ammo to defend the Republic
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Jul 15, 2020 14:53
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Everyone is already buying guns and ammo. They started with the lockdowns and the empty toilet paper shelves and they ramped up with the BLM protests.
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Jul 15, 2020 14:55
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FreelanceSocialist posted:Everyone is already buying guns and ammo. I know, those stocks have all run up big this year. Hence my comment about a possible dip before the election. But do you agree that the election is bullish for all of them?
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Jul 15, 2020 14:56
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I can't really see them going up too much more unless congress starts mailing out more stimulus checks. Most of the people buying the guns and ammo are the ones who can least afford it.
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Jul 15, 2020 15:00
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AHH F/UGH posted:I like the play but only up until the $34.50 range Why only that range? It seems like a good company that creates a product everyone uses.
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Jul 15, 2020 15:42
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pmchem posted:I just added VSTO, RGR, and SWBI to my dystopian hellworld index. At the beginning of the pandemic the gun store had a very diverse demographic clogging the aisles, all eyeballing each other. Was amusing. Ammo all gone. We haven't had a good chance to use it on each other yet, are you sure people going to buy more?
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Jul 15, 2020 15:43
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My neighbor bought like 10k rounds of ammo and told me that even if he doesn't use it all he'll just trade it for stuff he needs when the world ends, I guess? I figure I'll start the opening bid for one wet nap, one packet of ramen, and one surgical mask at 100 rounds of 5.56.
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Jul 15, 2020 15:48
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I think my post got buried on the last page, since the thread is slowing down, can I get an invite to the Discord?
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Jul 15, 2020 16:11
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In terms of evil stocks, CoreCivic and GEO are trading at high dividend yield. If these companies can pivot into transitional detention facilities and treatment centers then they could be great long-term buys.
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Jul 15, 2020 16:15
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MussoliniB posted:I think my post got buried on the last page, since the thread is slowing down, can I get an invite to the Discord? What are you talking about? It's just heating up! In all seriousness can I get a PM with it too? My invite expired long ago.
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Jul 15, 2020 16:18
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For Discord, see this thread.
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Jul 15, 2020 16:20
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LLCoolJD posted:In terms of evil stocks, CoreCivic and GEO are trading at high dividend yield. If these companies can pivot into transitional detention facilities and treatment centers then they could be great long-term buys. I am pretty indifferent about the moral hazard of owning sin stocks but I will never directly own GEO. Its just a step too far for me.
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Jul 15, 2020 16:28
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Oscar Wild posted:I am pretty indifferent about the moral hazard of owning sin stocks but I will never directly own GEO. Its just a step too far for me. 
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Jul 15, 2020 16:52
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Are there some good warehouse/data center REITs that are worth a look? Any mortgage/residential REITs that look to be stable enough to weather the incoming end of rent/mortgage moratoriums/loss of $600/week?
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Jul 15, 2020 17:23
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Lol yeah. So is 3200 the new 3000 for S&P?
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Jul 15, 2020 17:52
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FreelanceSocialist posted:My neighbor bought like 10k rounds of ammo and told me that even if he doesn't use it all he'll just trade it for stuff he needs when the world ends, I guess? I figure I'll start the opening bid for one wet nap, one packet of ramen, and one surgical mask at 100 rounds of 5.56. actual situations of war and privation, most valuable actual trade goods are liquor tobacco and canned food because they don't literally give the other party ammo to literally shoot you with
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Jul 15, 2020 18:24
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Are you telling me all these bottlecaps I've been hoarding are worthless?
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Jul 15, 2020 18:26
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TUP keeps going UP!!! 
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Jul 15, 2020 18:33
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Cacafuego posted:Are there some good warehouse/data center REITs that are worth a look? Any mortgage/residential REITs that look to be stable enough to weather the incoming end of rent/mortgage moratoriums/loss of $600/week? I've been giving iron mountain some glances lately. High seemingly safe dividend. They're growing their data center business since that's the future of their corporate storage business. If they can get some headline traction for the data centers the stock price probably has some upside and coupled with the dividend it could be a good play for the next year-ish. It would also be somewhat of a risk hedge because I mean c'mon it's iron mountain, they're not going under and they're probably not going to see a 100% increase.
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Jul 15, 2020 18:33
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I live within a quarter mile of two Iron Mountain data centers, literally can't go tits up
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Jul 15, 2020 18:37
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Jul 15, 2020 18:59
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Richardanator posted:Thank you for this. My only regret in life is not buying more calls. The NJ meeting is over and it started at 1030 Eastern. Probably got approved. News should be out about approval shortly or maybe AH in an 8K. Stock has only been positive since 11AM and it was like the 12th thing on the agenda so I think it’s gonna be good news.
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Jul 15, 2020 19:03
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Jack Daniels posted:exit both UAL and AAL on this Vaccine pump. don't wanna be holding this in earnings next week.... 
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Jul 15, 2020 19:53
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We've bounced off 3200 a couple times today. Overnight will probably get pumped. Thinking about some spy calls that will be killed by time decay.
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Jul 15, 2020 20:30
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Oscar Wild posted:I am pretty indifferent about the moral hazard of owning sin stocks but I will never directly own GEO. Its just a step too far for me. It's said that if you make money off private prison stocks, the Ghost of Christmas Past will appear and kick you in the loving balls.
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Jul 15, 2020 20:45
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Just a $16 billion swing in Tesla today, talk about volatility getting slammed!
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Jul 15, 2020 20:48
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Ola posted:Just a $16 billion swing in Tesla today, talk about volatility getting slammed! gently caress it looks strong too like it gonna flag + breakout again 
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Jul 15, 2020 21:19
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Elon's twitter has been hacked for one of those BTC scams. I bet they make a bunch on it but imagine if they had shorted TSLA and then tweeted they were filing for bankruptcy or something.
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Jul 15, 2020 21:43
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How do y’all feel about CRWD now? I missed the boat when the thread pointed towards it in the $70s. It’s now pulled back from a high of $117 and flirting with $100. I’m not familiar with the product but it seemed like it was highly regarded by those of you who know the tech world better than me
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Jul 15, 2020 21:44
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Kal Torak posted:Elon's twitter has been hacked for one of those BTC scams. I bet they make a bunch on it but imagine if they had shorted TSLA and then tweeted they were filing for bankruptcy or something. https://twitter.com/elonmusk/status/1283501790613442560
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Jul 15, 2020 21:44
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Kal Torak posted:Elon's twitter has been hacked for one of those BTC scams. I bet they make a bunch on it but imagine if they had Fixed for 2020 hellworld. Following the Hertz model
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Jul 15, 2020 21:50
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