Slice kind of integrates like that with google search results and letting you order online but I don’t think it’s free for restaurants. But yeah it should be easier than going through an app and then the company and customer end up overpaying.
Looks like it might’ve been a glitch on Charles Schwab’s end. Yahoo’s showing it didn’t go higher than 0.26
I have no idea how TD works, but I would be really surprised if their default put expiry mechanism just rolled it into a naked short.
In case anyone was interested in what an Iron Condor is, I just did my first one and wanted to share: So the premise is that at the same time you buy a put, sell a higher put, buy a call, sell a lower call. You are hoping that a stock isn't volatile in the short term. Here is a chart of what each dollar value looks like on my Target (TGT) iron condor just now Spoiler Here's a visual of the theory (numbers are a little off since it didn't execute immediately) Spoiler In short I thought this was a pretty interesting short-term option that made sense to me, especially since I'm optimistic about the specific stock. If it goes to the moon, I only lose $8. Even if it drops $5, I make $92. The only worry is the floor falling out, but it's still not as risky as buying a call or the stock itself
>ohhaithur lurks thread >ohhaithur decides to dip his toe into stonks >ohhaithur is a senior market analyst in a week
Is there some kind of “go to” link for ThinkOrSwim? I’ve had forever, but it always looks too intimidating and/or I can’t locate a user guide when I fire it up. But now I’m committed to the game.
Friday was a pretty good day to dip my toe back into aerospace, here's the one day closings on the three stocks I bought: AAR Corp +15.8% Spirit Aerosystems +15.7% Boeing +12.9%
Go to the education tab and search. They have a great youtube channel too. I had the same experience, but dove in a lot this past weekend and feel way more comfortable with it now after a couple of hours of reading
Today was a weird trading day--lots of the prior massive gainers sold off today (looking at you Wayfair and Shopify) and previous beatens (like financials and housing) were ripping up
Love Transdigm. Anything heavily aftermarket or MRO oriented I'm a big fan of. They're spec'ed in on most (I think) of the major commercial and defense platforms and can pretty much name their price (like, literally they were sued for potential price gouging a couple years ago). Their aftermarket and defense business is gonna be fine through COVID. They've got a decent amount of debt and I'm always wary of private equity buy-and-builds over the long-term (though their performance speaks for itself), but I think they might be one of the best actual companies in the aerospace sector. They're probably going to be my next aerospace buy if there continues to be more good news (I was hesitant to put more than a bit into the sector yet but getting more comfort after today).
Depends what you want to do. I worked for TD for almost 4 years and we learned something new about TOS everyday. I don’t know if they do it anymore but they used to have tutorial videos that would get you some of the good basics. Clients who were intimidated by it used to like those. Eased them in a bit. Most people who aren’t trading don’t prefer it but if you actively trade or are just a bit of a numbers/graphs nerd who enjoys the screens and learns to use it, it’s an incredible product.
I’m not a user of TOS but doesn’t it have a pretty robust option cash flow profiler? Basically the Excel sheet that ohhaithur built for his iron condor could be modeled easily within TOS? Again no first person experience here but thought I’d read something like that.
I'm very much interested in something that does what I did but automatically. Not sure why but I like having stuff like that visualized
It’s a really smart thing to do; especially if you get into any of the options strategies or try to drum up your own.
Yeah, I did it so I could set myself to see what would happen if the stock goes up and I change my bottom parameters to hedge a little Hopefully being a nerd can help me make money
it might. I’ve seen some of the think or swim experts do some absolutely insane shit. If you have enough money there or have money outside that we wanted you to bring over we would give people expert tutoring sessions from the TOS guys on Chicago. They have their own discussion boards/chat rooms. There are likely some idiots but I had really smart clients who were performer personality (Likes to tell stories and get compliments) and they would help people on there for fun. Retired people usually. They also have staff that will answer with that. I would check those discussions and see if you can search it. Unfortunately I haven’t worked there in 3 or 4 years and have to keep my investments at my new firm but I wouldn’t discount TOS’ ability to do some incredible things. Especially for an options trader.
Bought a call at 130 strike price Sold a call at 129 strike price Sold a put at 120 strike price Bought a put at 118 strike price I got paid $92 to accept this deal because the things I sold are worth more than the things I bought If Target goes to the moon, both calls hit, and while I owe someone a lot of money, I make up all but $100 [(130-129) x 100 shares] on it because my own call will hit too The two puts are worthless. I lose a total of $8 ($100 minus the $92 I got paid to accept the deal) If Target turns to shit, both puts hit and while I owe someone a lot of money, I make up all but $200 [(120-118) x 100 shares] on it because my own put will hit too. The two calls are worthless. I lose a total of $108 ($200 minus the $92 I got paid to accept the deal) If Target stays between 120 and 129, all four are worthless. I keep my $92 as profit
That’s a good explanation. I fully understand that concept, but is it difficult to execute right now with everything being so volatile? I assume you need pretty exact premiums or else the calculation changes. The last 4-5 options I’ve bought have changed in price just in the minute or two between me deciding which option I want and actually entering the bid.
Yeah, the market is really volatile so you do run a risk of losing for sure. But the volatility is how you get such large spreads as well. Like the fact that my upper "wing" maximum loss is only $8 is ridiculous and that corrected over the final hour of trading. Wal-Mart is very similar in price and also has earnings this week and their cost/benefit on something like this is significantly, significantly worse
I can't tell if you guys are making fun of me but I don't blame you if you are Either way, I appreciate the help everyone has given me
definitely not. It’s just funny that like two weeks ago, you were just sitting on the sidelines and watching all of us idiots...then you made your first trade...now you’re making diagrams and charts and using advanced trading options people that have been at this far longer are completely unaware of.
They are nice in a high IV enviornment given you're confident in setting them up. I use a mix of Iron Condors, Short Straddles, and credit/debit spreads. Here are some graphs to help visualize things. Iron Condor Spoiler Short Straddle Spoiler https://s3.amazonaws.com/thinkific/file_uploads/134334/images/a42/c2a/009/80_r1.png Credit Spread Spoiler Debit Spread Spoiler
The Dow rallied hard yesterday, gaining 912 points to 24,709. I expected a rally, but NOT 912 points. The rally changed the wave count and put the previous five wave scenario I discarded last week back in play. Last week I put the odds for this rally at only 25 percent, mostly because there were two back to back large impulsive days down. This made me conclude that Major Wave B up was likely over and Major Wave C down was underway. But like I always say, corrective waves have a mind of their own. And yesterday’s rally showed one again how quickly things can change when the market is not in the trend mode. The NASDAQ and SPX gained 220 and 90 points, respectively. Volume on the NYSE was heavy, coming in at 120 percent of its 10-day moving average. There were 45 new highs and 8 new lows. Yesterday’s rally was likely part or all of wave 3 up within Wave C up of Major Wave B up. My previous target for wave 3 up was and remains the 29 April high of 24,765. However, the Dow reached an intraday high of 24,709 yesterday, so it’s possible that wave 3 up is complete and the wave 4 pullback is underway. If this is the case, the Dow should fall to about the 24,400 level during the next few days before wave 5 up pushes the Dow back above the 25,000 level. BTW, because the Dow fell to 22,790 last week in what now appears to be wave 2, I MUST raise my target for final wave 5 of C up to a range anywhere between 25,000 to 25,850. That’s a pretty big range, so IF the Dow pulls back during the next few days and approaches 24,400, the Model will sell its current position in DXD and move to the sidelines. With positive indicators on the cockpit, and a positive Tide, the Model does not want to be on the wrong side of the indicators and buck the current pattern. The one reason that the Model is still cautious about the long side of the market is the sentiment. Near yesterday’s close, the Put/ Call on the CBOE pushed to .61, only a small way from the EXTREME reading (.55) we saw near the markets peak on 19 February. P/C ratios like this reflect extreme investor optimism, and while their warning can be early, they are almost never wrong. It’s never a good bet to be on the long side of a market that reflects an extreme amount of call buying. Also, whenever the Dow gaps up as it did yesterday on heavy volume, it’s usually a better bet as a short-term short than a long during the next few days. The unfilled upside gap, which in this case is the 23,685 level, is always a possible target. I don’t believe the Dow will fall this low because of yesterday’s heavy volume, but it remains a possibility. This is a case where students might want to watch the short-term indicators, exiting the DXDs when the opportunity presents. The Dean’s List and The Tide have turned Positive. The Sector Ratio strengthened to 11-13 Negative after yesterday’s session. The Strongest Sectors were Material (includes gold), Cap Goods, Energy, Computers, and PharmaBio. The top 5 Weakest Sectors were Banks, Service, Transportation, Media, and Consumer Products. Gold (GLD) fell 1.24 yesterday to 162.69. The pattern continues to suggest a break-out from its wave 4 triangle as the VTI indicator remains in the Trend Mode. The Model continues to hold 600 shares of TBT, and 500 shares of GOLD, 40 shares of UCO, and 1000 shares of DXD, with a cash balance of $51,897. The Model is waiting for a pullback to exit its ‘trial’ position in DXDs. That’s what I’m doing, h
It does look like QID and DXD are setting up for a decent day based on yesterdays technical divergence. Might be scalping those today.
Home depot had higher sales but costs rose bc of Covid. I am glad I stayed away from Lowes...(which means they will report record profits tomorrow)
Bands are really narrowing with a very strong TSI forming. QID could shoot out of the gate pretty quick. I think we see some profit taking today. What do you all think? Newest Pump and Dump scheme is the DOW/Nasdaq.
I bought a call but went ahead and got out of it for a small loss this AM. Too expensive for me to be making pure gambles, once I saw HD I couldn’t risk it. so yes, they’ll probably crush it
I will say the amount of people ITT that are trading options and don't understand options basics is amazing.
Negative divergence on Nasdaq is really showing at all levels. Really need it to fall. Been holding the bag on 3x reverse index since Friday. My stop loss didn't hit before closing bell on Friday. Now I'm just waiting on a bump to close out. Considering adding to my position. This thing has to fall ... BTW, look at the 4 hour chart. Shows a big fall has been setting up since mid April.