I’m taking nibbles on some long positions here and there, but still playing with some short options still in the near term.
Long time listener, first time caller. I bought a $27.50 strike 1/15/21 CCL call yesterday for $2 and they're trading around $2.80 now. Should I get out while the getting is good and look at some shorter term puts or keep on holding?
Yeah, lots of stuff falling off the cliff just before closing. Lost my ass all day on weekly Puts so I'd appreciate if that continues tomorrow AM
Went hot & heavy on these this past week, feel free to point out where you think I went wrong. ALK @$26.65 SYY @$35.55 VIAC @$11.12 DAL @$21.56 OXY @$9.67 USFD @$11.85 PCG @$8.83 EMR @$38.43 HON @$111.50 WY @$13.32 WFC @$26.87
I think it'll jump eight to ten bucks and I'll bail again. You oil & gas guys sure do hate that company.
It was a shit company before their CEO destroyed it and then it was extra shit. Then Russia and Saudi. Then covid.
Lechnerd made a bragging post about his big investments in ORIG and how he was going to get rich Company promptly went out of business
I work in oil & gas finance and those offshore drillers typically do screen well due to cash flow from long-term contracts until a downturn hits. Basically the E&Ps say, “remember that contract we signed with you.... LOL, force majuere.” Some just used Covid this past week to break contracts. But since I work in O&G finance, I’m also 50/50 if I’ll have a job a month from today.
If you want an o&g play look for something primarily natural gas. Anything that is heavy in the Permian oil is at the mercy of Russia/Saudi/covid and I don't think it gets better any time soon. Russia is too proud to come running back to the table this quickly. With Permian shutting down the massive amounts of associated gas coming out of there has been going away. Natural gas prices are expected to climb over the next two years. Disclaimer: not an expert, just an essential worker
Cheesecake Factory has apparently decided they “aren’t paying rent” at any locations in April due to CV. Interested to see how the market reacts to that news. Down 18% in premarket.
CEO just kinda said “nope” I know personal finance and business finance are too drastically different things, but it’s still surprising to me how many businesses are just completely screwed after basically 2 weeks of income disruption.
Those numbers don't even reflect states like Ohio that just went on lockdown Ohio, IL, NJ, DC, NE all off the top of my head went into lockdown since 3/2@
To an extent, sure, but 3.2 mil is almost twice the consensus estimate. Hard to believe that was fully priced in.
Anybody here investing with Fundrise or any of the real estate deals like that? Have those returns changed over the last month or two?
400 point improvement on news that 1% of the country's population just lost their job. sure sure i know what i'm doing here.
Yeah, I've basically resigned myself to losing my ass on the positions I bought yesterday. What a mess.