If I read the futures correctly like the wizard I am. We are down 220. Well it’s the Hank that could be the wizard.
More times than not that saves thousands. All though I can definitely remember the thousands it has cost me as well. So call it even and keep placing the stops.
Put about 50k on red. Of course I have the stops on and was green at close because of the drop at the end of the day. If we have a blood jacuzzi daddy is getting a new pair of shoes. Just not as nice as GKs
For those that read hanks note where he mentions the scalp trading class. I will post info on it. Cost will be 350. But if he nails the 23500 high and then bottom it’s worth it. Cost for people who have taken his previous class is 250 and he is apparently giving his formula for the stocks and tops and bottoms. Dude is old so he is giving up the secret sauce. Apparently only past students get that in a separate class I will share when I get it.
Momux, you do you but dude nailed get out, I did. Dude nailed the 18k low. If he just hit the 23500 high yeah I’ll pay 250 to get the formula from him. The fact I can pull up years of posts and he is pretty spot on I would consider it a stone cold lock of the week. One thing he preached is ignore the talking heads and that the market is almost entirely a formula with machines driving. People and news can influence but for the most part volume drives the market and machines drive that. Which is why it does not make sense to us why the market would be up on a negative news day.
If you can make my entire portfolio up 25% 3 months into the year, yeah I would buy that too. Not sure how much the market is down but to me up 25% right now is good. And no I do not buy puts or sell calls on margins. I will sell puts and place covered calls that’s it.
I'll leave the fundamentals to the analysts at Goldman, JPM, and pretty much every one else who's smarter than me. I'll just stick with the technicals and follow their money,
Yeah, I’m not going to throw my savings into following the supposed trend, but it’s interesting enough to see if it tracks...and if nothing else, an extra piece of info in a market that makes zero sense doesn’t hurt.
Tesla will slash employee pay and furlough employees https://www.cnbc.com/2020/04/08/tes...are|com.apple.UIKit.activity.CopyToPasteboard
Figure it’s headed to $750 now that they figured out they don’t have to pay employees. Balance sheet looking great
It’s been a few years since I’ve looked at the details of the rule, but I believe the analysis focuses on the substance of the security. So, (b) would not be substantially similar due to the leverage, and (c) would not be substantially similar since they are different indexes. However, I would not trade on this, I’d do some research because it’s a fact specific analysis
Some dickhead from JP Morgan sent my father in law an email about how they’ve identified good stocks to buy right now since they’re down I looked him up and he started in finance in 2013. He’s never seen a bear market
Fertitta getting $250 mil at 15% airbnb $1B at 10% Companies are taking out credit card loans to stay afloat
I am getting a small Airbnb cabin in the Texas hill country to quarantine in. Steal of deal. I’m surprised more people “working from home” aren’t doing something similar
I don't understand you gambling degenerates. If I buy a stock the worst thing that can happen to me is that stock drops down to zero. If I buy puts the worst thing that can happen to me is infinite bad.
Real World Examples of Put Options Assume an investor owns one put option on the SPDR S&P 500 ETF (SPY)—currently trading at $277.00—with a strike price of $260 expiring in one month. For this option they paid a premium of $0.72, or $72 ($0.72 x 100 shares). The investor has the right to sell 100 shares of XYZ at a price of $260 until the expiration date in one month, which is usually the third Friday of the month, though it can be weekly. If shares of SPY fall to $250 and the investor exercises the option, the investor could establish a short sell position in SPY as if it were initiated from a price of $260 per share. Alternatively, the investor could purchase 100 shares of SPY for $250 in the market and sell the shares to the option's writer for $260 each. Consequently, the investor would make $1,000 (100 x ($260-$250)) on the put option, less the $72 cost they paid for the option. Net profit is $1,000 - $72 = $928, less any commission costs. The maximum loss on the trade is limited to the premium paid, or $72. The maximum profit is attained if SPY falls to $0. Contrary to a long put option, a short or written put option obligates an investor to take delivery, or purchase shares, of the underlying stock. Assume an investor is bullish on SPY, which is currently trading at $277, and does not believe it will fall below $260 over the next two months. The investor could collect a premium of $0.72 (x 100 shares) by writing one put option on SPY with a strike price of $260. The option writer would collect a total of $72 ($0.72 x 100). If SPY stays above the $260 strike price, the investor would keep the premium collected since the options would expire out of the money and be worthless. This is the maximum profit on the trade: $72, or the premium collected. Conversely, if SPY moves below $260, the investor is on on the hook for purchasing 100 shares at $260, even if the stock falls to $250, or $200, or lower. No matter how far the stock falls, the put option writer is liable for purchasing shares at $260, meaning they face theoretical risk of $260 per share, or $26,000 per contract ($260 x 100 shares) if the underlying stock falls to zero.
so in this example the option writer has a chance for a $72 profit or a $26,000 loss? I'm obviously missing something, as nobody is taking that deal. also who is the party that is on the hook when you create a put option? say the stock goes down and you exercise and create the profit, who is eating that loss out there? the option writer is a... bank? just trying to learn, I don't ever do any of these
if you’re buying a put or a call, you can only lose the premium you paid up front. You can basically gain whatever the share price change is times 100. Selling options is basically the opposite. Somebody pays you the premium upfront, but you could then be on the hook to buy shares at a market rate later, so your downside can be large.
I will be watching the resistance at 23,500 from yesterday. IF we break that the next resistance shoudl be at ~24,800, which would set the 30 day high. The market has not closed above 23,000 in a month. There should be plenty of resistance.
right, so just a small premium vs a huge potential loss... why would anyone ever take that side? obviously has to hit A LOT more often to take that risk, like a -1000 bet vs a +1000 on the other side
this is why selling options is "advanced" - there are ways you can limit your losses by combining different contracts
Bought a hundred more shares of SPXS. Sitting about 70% cash right now and waiting for the drop. This is scratching my gambling itch.
Well you can use it as a tool if you like a stock. Let’s say you like Visa and want to buy. You can set a strike price and sell a put at a price you like. You get paid the premium up front and if the stock moves one way, you just keep the premium. If it moves the other way, you buy 100 shares at the price you set. If you’re long on the stock, it’s not a bad play.