My cmg short sucks ass I guess it’s bullish that they’re about to have to close all of their restaurants this week or next week
Just bought another $15k worth This is going to be expensive if cmg doesn’t nosedive at some point over the next 2.5 days
Been following this thread for like 2 weeks and just opened up an account to do this I have no idea what I'm doing
In a basic form: carnival has been doing 30% swings daily so people were paying a higher premium for its volatility. Now we’ve had a couple day’s where IV is coming down (they are currently at astronomical levels for most stocks) because carnival and other stocks have only moved 3% or so instead of 30%. Therefore your premium is dropping due to lower vol swings and lack of interest. Also obviously time decay of your option.
No problem, if you want a place to look at stuff like this I use https://marketchameleon.com and type in whatever ticker you want to see. spoilered below is the IV chart for Netflix Spoiler: NFLX ignore the blue/yellow bars that just shows calls and puts bought. The squiggly IV30 red line is what you want to focus on. You can see prior to market crash 4 pretty uniform bumps up in IV, those were before earnings reports which is a event with an unknown outcome that can make the stock swing in price by a significant margin so IV goes up to match that. On the far right you can see the IV line for Netflix during this market crash and Netflix hasn’t even moved that much.
lol well the market crash has reset what is high. In the past high was 30 and low was 20 or so, now high is averaging 225. Edited to include Ccl’s chart Spoiler: Ccl
I bought 2 Boeing 270 April 17th puts for like 2k on March 3rd that are now worth 17k each. I sold them after a day.
Was hoping for another bloody 10+ down day to sell Once we get some more tangible talk about getting close to a final stimulus package I'll probably get out.
That's kind of what I was thinking. I sold about 1/3 this morning after the big run. Trying to decide how to handle the rest.
For Options, too? TD makes deposits available for investing immediately available, but Options trading takes longer.
Gotcha. I was about to be angry... Been missing out on all this sweet sweet opportunity to lose money.
Did you guys also cash in on the dead cat bounce? I’m only able to move funds around twice a month, but it was exciting.
Imagine thinking you're one of the most famous billionaires in the world and could get away with openly lying in front of the entire internet.
Dipped a toe back in long today. need to do more research on specific companies vs ETFs as I agree that makes much more sense. If anyone is putting together a watchlist I’d love to see it.
With tons of companies stock prices at super low positions right now, I wonder if Buffett is close to acquiring again? They have over $130 billion in cash on hand because he's said for a couple years that he's waiting to buy an "elephant" at the right time/price point.
I think he's going to wait until there's either a stimulus bill almost on the way or we see a light at the end of the tunnel in terms of shelter in place orders because otherwise we're unlikely to be at the bottom.
Man this IV is wild, or people think we’re at absolute bottom right now. I’ve got April 17 puts that are at or under strike price now and the premium is steady dropping
I mean, travel will bounce back but BA was floundering before corona because of their new plane failure. Considering most people have been waiting for them to just go bankrupt they're one of the few companies where bounces up are still surprising in this topsy-turvy market.
I think we are just done with all time highs on the VIX, but remain in a down trend. Depending on when you bought puts it may crush you anyway despite calling the trend.