Yeah. I am very much an amateur trader. Interestingly, it said I could use the money immediately for normal stock trades, just not options. ABNB is 84 now, and I would not be surprised at all if it was below 50 at some point this years, so I think it is still +EV to do some long term puts. But obviously would have been way better doing them at 88.
Yes. They will let you use the money for stocks (except penny stocks) immediately but not options. They don't want you gambling away the money until it is pulled from your bank. They don't mind you buying stock because you can't possibly lose that much in a few days...unless you buying Tesla stock.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Give me a little more credit than that. I dont pretend to be some big trader, but when I say I was going to invest a significant sum it is a much bigger number than this. But yeah, you are probably right. Lets say I did a 1 year put and the stock did drop to $50 in the next 6 months, I dont even know what I would make off of that, but probably much less than I assume.
On another note, on Twitter now I keep getting these ads for a investment startup called "Strive" who are basically marketing themselves as analogues to Vanguard/Blackrock, but without the political correctness, which they argue is costing investors money. In theory, this obviously appeals to my biases, which is probably why I am getting these ads in the first place.
But practically, even if Vanguard is investing in shitty companies for political reasons, those companies are probably also being subsidized and propped up by the govt for the same reasons, so they still might outperform more legit companies in the market.
the stock is trading at 40%'ish of its highs earlier this year and you want to take a 6 month short position _now_? maybe do a put spread or something i guess... your thesis needs to be something like a 30%+ drop between now and june expiration if youre doing naked puts and want to double up from an ITM strike today. a slightly OTM put spread yields the 30% more profit (130%) at a 17% drop from current value.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
The bottom line is the business model only works if a lot of people are willings to spend significantly more than a hotel to rent out a house/room. There really is no way to profitably rent out a house (with all the associated costs) for $100-$200/night.
I wish I had the epiphany 6 months ago that this wasn't a long term viable business model, but I didn't. But I do now, so it is just a question of whether
a) Am I right
b) Is the current stock price reflective of this reality
the bottomer line is youre looking to short an equity using a synthetic asset but appear to have no exit thesis beyond 'their model is shit and no one uses them' which would have been very cagey 6 months ago when everyone was saying the same thing when they were trading at like 205.
like if you think they are going to zero at some point, yeah go balls deep but just as likely the stock gets halted one day and youre like uhhhh and by the time its unfrozen, you find out zillow just acquired them and PnL is blood red.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Speaking of TSLA - young Cathie Wood
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basically all the ads on twitter at this point are casinos / gambling and for those who dont know, thats basically the absolute worst paying ad genre. like by a lot.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
i heard he was 'microdosing' meth for years and that jibes with what we know about grimes' tastes.
but you know, just putting it out there, he seems less like a drug addict than a wounded narcissist who is no longer capable of recognizing the difference between positive and negative attention.
the drugs might have got him here of course but his son changing genders, grimes blowing him off to fuck chelsea manning, getting turned away at the door at berghain, like theres a laundry list of middle age nightmares that have come true for him.
like imagine if endgame howard hughes had twitter.
i saw a great post recently, and i literally just dug it up to share with you:
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"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
So, anyone heard any ideas on anything actionable from the after-affects of China dropping zero Covid? It seems like something that should be a big deal to the markets in the next few months, but I haven't heard very much about how it may affect the markets. I am guessing it is one of those things where something major will happen, and in hindsight we will all go (oh yeah, that made sense, of course that was going to happen), but in the moment nothing is coming to mind.
Such a wordsmith!! What a Tine post, an absolute classic. How do you do it?? You just make it all up so it sounds good....that's how.
https://futurism.com/neoscope/elon-musk-shrooms-mdma
Took 3 fucking seconds to realize you were lying, again. Because the only reality is what you come up with in your delusional fantasy world, full of children's toys and.....well we will stop there. Yeah you "heard it" all right. From those voices in your head.
Oh and Tesla is up 7% today you obese faggot. Short that.
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some of the pillars of elon's cult are openly pleading with apple to buy tesla.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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