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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
I missed my shot.
do u guys just sell these instead of buying? Seems safer
I sell options generally but it's not 'safer' as it is uncapped risk
Yeah but like there’s not going to be a 10% dip in the line because a neolib wins the election.
people who are paying that are banking on civil unrest or contested election
Selling options isn't a bad idea if you are actually holding the stock or if you do not mind holding the stock. There are some people that do not own stock that sold calls in the past week that are wishing they didn't.
I've been selling cash-secured puts since July and have been quite happy.
Limit up on NASDAQ futures.
Spiked after Arizona
Bout to blaze this joint and wait for the eventual election fuckery to drop. Limit-up + limit-down in one night?
Holy shit we're booming today
Really didn’t think as a basic bitch long term holder I’ve have all these five figures days but here we are lol.
Up 35k on the day. Taking some profits
All I have been hearing for the past few weeks is that the market will crash if Biden wins, especially is Republicans keep control of the Senate. Wellllll, looks like a rocket ship just took off.
It's two fold: big stimulus will happen and International investors/businesses feel more confident about their relationship with America. If we're thinking statistics, our range of outcomes has narrowed by a standard dev or two.
If Republicans maintain control of the senate I’m not sure big stimulus happens.
Yeah, supposedly the hang up before the election is they didn't want to have Biden win and ride an economy bump due to a stimulus. So I dont see much being passed with Biden as President and a Rep controlled Senate. It'll be like Obama's last two years in office.
I can't imagine Trump being a "good leader" if he loses. I mean he is going to be a fucktard and pout.
Can we have an election every night? Jesus
Erection? Already do.
Interesting thing to note as indices are up big today. Only 80% of S&P 100 stocks are up on the day...so market is not completely in-sync with this surge. Also the Yen is still hanging around at an inflection point. So while other indicators like the VIX are down, the Yen is still showing potential signs of a drop. Treasury buying also up YUGELY. If up big today, may want to hedge a little to be safe.
Not sure a single trading day proves or disproves your theory here.
Will be interesting to see what happens if Trump refuses to concede. Pretty sure he is having some form of a conference in 10min, if he goes off the rails talking fraud I could see a bad end to the day.
NIO still pumping I see. Congrats to those that held.
Anyone else use OpenInsider. I don't trade based on what I see but I like keeping an eye on *shitbags who dump or gobble up stock. I noticed Bezos sold 3bil worth today.
* - Defined as anyone who has more money than I
Oh no big deal, just selling ~$3.2 billion dollars worth of shares in 2 days.
Lyrtch or anyone else in the know -- has Biden actually stated his intent to raise the LTCG rate to 39.6%?
If that's really the plan and the Senate goes blue, then you got to think there would be an unprecedented sell-off in the next few weeks.
the odds of the senate going blue are very very low, and if they did squeak it out in these like GA runoffs that's something that would never happen because the swing vote would be Manchin
I bought 1 share of AMZN Tue. Wonder if I made him $3,030 richer.
I think Jeff does that every year in Q4. Funds for blue origin being part of it
so i looked it up, it'd only be taxed at that rate if you make over a million a year
but not happening
I think the markets are going to be quite tumescent for the next few weeks at the thought of a Biden presidency coupled with a GOP senate. Less chaos from the white house and no real risk of any major tax hikes
the downside risk is how much does a gop senate play ball (they won't)
so probably no stimulus coming, if we get one it'll be small, and we're just going to barrel through the winter of corona crushing everything. maybe the "markets" won't respond negatively to all that, but it'll be a human catastrophe.
The Milkman NIO is basically funding my portfolio on a daily basis at this point
I sold 8 11.06.20 covered calls at $40 earlier this week. Thought there was no chance it would reach this level this fast. Guess I’ll be saying goodbye to those shares at this rate.
whoops - wrong thread.
Moved to 11/20 45c this AM on dip. Lots of sideways today, need the 40 break
Let’s get this bread
40 wall broken.
that's because I bought a 1000 shares and it popped .50 cents
Already up $700. Should just check out and call it a day. I'll take 700 in 10 minutes
If DAL weren’t actively raping my puts, I’d be up pretty majorly today. I’m still up a considerable amount but it would be better.
back in july, i bought 30 7/6 $9 calls of nio at $0.65 back when all the ev stocks were on fire and it boomed to $14. my plan when i bought them was keeping them and letting them expire.
instead, i sold all of them when it fell 20% in 30 minutes at $12 (thought the bubble had popped) only for it to bounce back and close at $13 that day and finished the week at $14
i’ve had nightmares about that stock ever since
Some people are calling it the Asian Tesla.
(that’s not true, I’m just fucking with you)
Lets get to 400 then.
Taking that split into account Tesla was at ~63 last year on the 5th. Today 432. I'm not greedy, I'll settle for 400 flat.
On a serious note, with this run there has to be a profit taking day and we pull back. The punch bowl has to be near empty at this party.
*The market not NIO.
Took profit yesterday of about 20k on JD 1.15.21 & JD 11.20.20 and NIO 1.15.21, this shit is still rolling though. Should probably take some more before the bottom falls out. This market is fake as hell