Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. Tony Wonder

    Tony Wonder Well-Known Member
    Donor
    Michigan WolverinesDetroit LionsDetroit Red WingsNewcastle UnitedDetroit Tigers

    Wrote my first covered call today.

    MGM August 21 $19

    First one so I wanted to do something small I felt good about.
     
    High Cotton and ohhaithur like this.
  2. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    Any chance kodk loses its loan through this investigation? I also need this stock to tank please.
     
    letan likes this.
  3. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    I too need this so I really hope that happens
     
    g8r likes this.
  4. HuskerGuy99

    HuskerGuy99 Above Average Member

    New day, same story. SPY 37M volume lowest of the year. Back-to-back days where lowest volume of the year traded. 5.3M shares already traded after hours though which is a big difference from yesterday. GOOG and AAPL up 0.50%, AMZN up 2%, MSFT and FB down a blip. Dollar went V-shaped during trading hours. Still not sure what is going to happen on that front, but Euro going up now has my attention. BA still providing good scalps during the day. Wasn't in there today but it was another good $6-8 trade.
     
    HuskerInMiami likes this.
  5. HuskerGuy99

    HuskerGuy99 Above Average Member

    Honestly it feels like every single scam and fraud that you can pull off is now free to run. Just seems like open season for the past few months to do whatever you want on that front. SEC is nowhere to be seen and I just saw today that one of their co-Directors of Enforcement is resigning.

    If you want to see the perfect example of this, go look at GSX's chart for the past 3 months. This was a company that people were calling out for fraud on Twitter, Reddit, and everywhere else in early May. It's one thing to call a company out for fraud, but trying to get people to gang-short something with you is scammy in itself. Look at what happened in those 3 months. That is an absolute MONSTER short squeeze and most of the people in that trade are probably broke or severely punished now.
     
    #19805 HuskerGuy99, Aug 5, 2020
    Last edited: Aug 5, 2020
  6. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Fsly beats revenue earnings and raises future guidance. down 17% AH, can’t wait to buy calls at the open tomorrow
     
    gordon bombay and Baseballman86 like this.
  7. HuskerGuy99

    HuskerGuy99 Above Average Member

    Wow. See they were down 6% today as well. They really set retail up for that one.
     
  8. Houndster

    Houndster Well-Known Member
    Donor TMB OG

    Earnings are old news we only care about future stuff
     
  9. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    To be fair, they had run up like 35% in the last 5 days until today, but I’m with you that calls seem like a winner
     
  10. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelseaFormula 1

    It's all priced in, pal.
     
    Houndster likes this.
  11. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelseaFormula 1

    The last 2 months or so the play has been to buy calls 2-3 days prior to earnings and then sell them at about 3:00 on the day the earnings report comes out (after close earnings).

    Haven't tracked much about the potential rebound of said calls, and to be fair I haven't actually implemented the strategy but I think it would have been quite successful for some of the meme stonks.
     
  12. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    this would have worked for me on the one earnings play I went for but instead I held through earnings and they expired worthless
     
  13. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    I'm up ~$500 over the past week. I'm sure the thrill feels just the same.
     
  14. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    What expiry date are you thinking?
     
  15. bRamonceTaylor

    bRamonceTaylor Well-Known Member
    Donor

    Was thinking I'd go with this strategy, but these things are expensive once you get past Aug 7 expiration. I might go ahead and buy some shares.
     
  16. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    I’m no expert but TDOC nosedived 20% yesterday on news it’s acquiring its top competitor. Might be a good entry point. I’ve been holding as a hedge tool so not going to double down but there’s clearly a huge future in telemedicine.

    weird that both TDOC and the company they are acquiring were down despite acquisition price being 10% premium to market value.
     
  17. gordon bombay

    gordon bombay magician's alliance enthusiast
    Donor
    Georgia Tech Yellow JacketsAtlanta BravesAtlanta HawksAtlanta Falcons

    I loaded up TDOC around $200. How is them acquiring a very good growing company at a fair price a bad thing? My 2c
     
  18. Paddy Murphy

    Paddy Murphy Well-Known Member
    Atlanta BravesCarolina PanthersUnited States Men's National Soccer TeamLiverpoolCharlotte FC

    don’t get me wrong, I agree. I think it marches back up pretty soon, I’m just already holding as much as I can without getting overweighted, so I’m not personally buying the dip.
     
    gordon bombay likes this.
  19. gordon bombay

    gordon bombay magician's alliance enthusiast
    Donor
    Georgia Tech Yellow JacketsAtlanta BravesAtlanta HawksAtlanta Falcons

    Added FSLY here at $87
     
    bRamonceTaylor likes this.
  20. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan
    Donor

    SLV up another 5.5% today. This shit is wild boys
     
    HuskerInMiami and elfrid like this.
  21. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    Gonna lose my butt on kodk puts....I see it coming.
     
    elfrid likes this.
  22. bRamonceTaylor

    bRamonceTaylor Well-Known Member
    Donor

    Bought in at $90 at market open.
     
  23. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    Right there with you. Need some real bad news to come our way
     
    g8r likes this.
  24. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    Damn options. Jumped in and out of a couple FB calls for a 20% gain this AM and was happy...until I looked at it when I got back from the store.
     
    Baseballman86 likes this.
  25. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    9/18
     
  26. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    FB is a fucking rocket today...holy shit.
     
    Sportfan likes this.
  27. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Instagram came out with a TikTok like feature
     
  28. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Lots of indices probing top of their ranges, put call ratio near lows again, and dollar nearly signaling oversold. Put some hedges on - IWM, XLK puts. Also bought TDOC and ONEM calls.
     
  29. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    Made a couple hundred scalping FSLY this morning. Thanks southside.

    Trying to follow EWT to find a new entry point.
     
    High Cotton and southside like this.
  30. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    def time to buy FSLY

    0139D1D7-DFF7-410F-BC90-707174DB071A.jpeg
     
  31. Tony Wonder

    Tony Wonder Well-Known Member
    Donor
    Michigan WolverinesDetroit LionsDetroit Red WingsNewcastle UnitedDetroit Tigers

    Update: I should have bought the option instead of writing it.
     
  32. fish

    fish Impossible, Germany
    Donor
    Los Angeles DodgersLos Angeles RamsLos Angeles KingsSouthern California Trojans

    Talk me out of buying into the airlines as a long term hold. They’re too big to fail, right?

    RIGHT?
     
  33. Tony Wonder

    Tony Wonder Well-Known Member
    Donor
    Michigan WolverinesDetroit LionsDetroit Red WingsNewcastle UnitedDetroit Tigers

    I bought AAL on Friday at $11. Obviously its nice that it is up in less than a week later but those stocks eventually are going to run.

    I may buy some SAVE too.
     
    fish and Fusiontegra like this.
  34. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    I'd avoid buying anything long until schools either manage to open and stay, or crash and burn horribly.

    If the latter happens, I think we're going into another lockdown.
     
    fish likes this.
  35. construxboy

    construxboy xenForo is the new TMB
    Donor
    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    To fail? Yes. To go bankrupt and take all your money? No.
     
    Fusiontegra and fish like this.
  36. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    Posting to monitor through close. Just want to see how if it performs as expected.

     
  37. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    SPY 8/7 334 call at 1.50 at time of post
     
  38. ohhaithur

    ohhaithur e-Batman
    Donor

    Down to $1.28 in 8 minutes
     
  39. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    Not great, bob.
     
  40. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    Don't call it a comeback!

    Edit: jk
     
    #19840 Fusiontegra, Aug 6, 2020
    Last edited: Aug 6, 2020
  41. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    334 call closes at 1.30
    Rose to 1.60 in the 5 minutes after posting then fluctuated under the buy price for the remainder.

    Not a play I would have made any way. Was way too late in the day and it had already run too much for me to f with; was just interesting to follow the call.
     
  42. HuskerGuy99

    HuskerGuy99 Above Average Member

    You still have 10 minutes to pull a profit here.

    SPY 40M volume. Tech all up and carrying the market higher. Was going to roll out short-term puts tomorrow near close, but now thinking I will hold off until VIX gets depressed under 20. I can see them going for the ultimate squeeze right here to clean out the shorts before dumping.
     
  43. HuskerGuy99

    HuskerGuy99 Above Average Member

    SPY up to $334.50 you should be in profit right now?
     
  44. HuskerGuy99

    HuskerGuy99 Above Average Member

    GSX up 16% today you cannot make this stuff up.
     
    HuskerInMiami likes this.
  45. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Tomorrow will be a good time to buy puts. First week of the month gets a nice bid up.
    This is a similar set to the beginning of June which dumped hard on 6/8
     
  46. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Data Dog with the same movement as FSLY yesterday. Beats all estimates, dump 17% AH
     
  47. HuskerGuy99

    HuskerGuy99 Above Average Member

    I'm not sweating it. I have long-dated ready to go. Figured things would have reversed for sure by now, but I guess when volume is this low they are willing to float it up as much as possible. I'm guessing monthly OPEX will be their ultimate target date to rip things back into place. Just trying to avoid the bleed as much as possible with my swing trades.
     
  48. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Ive thought about getting back into airlines but wasn't AAL talking about merging or getting bought out or something not to long ago. Think I would pick Delta, but I know hardly anything.
     
  49. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Complacency is as bad as it was before, we’re due for another 2-4% tech correction at some point in the next few days. Implied vol premiums for tech sectors back down to 6-10%, put call ratio close to June lows.
     
  50. Tony Wonder

    Tony Wonder Well-Known Member
    Donor
    Michigan WolverinesDetroit LionsDetroit Red WingsNewcastle UnitedDetroit Tigers

    Yeah my play is not a long one with airlines and I am minnow in this thread as far as $$ so please don't listen to me.

    There was talks with Jet Blue and AAL about sharing code and reward programs. Havent read much lately on that.
     
    #19850 Tony Wonder, Aug 6, 2020
    Last edited: Aug 7, 2020
    BP likes this.