Did some 5/29 SPY 304 puts as soon as the market opened. I think it is going to be almost impossible not to pull a profit on these, it is going to be about timing the market to maximize EV.
Did some 5/29 SPY 304 puts as soon as the market opened. I think it is going to be almost impossible not to pull a profit on these, it is going to be about timing the market to maximize EV.
Originally Posted by verminaard
Whats the advantage/disadvantage/logic of trading S&P via SPXL vs SPY?
SPXL is 3X leverage. Not for long term holding unless the market is moving
Strange day. Market clearup up on the S&P but the internals are all over the place. My “corona basket” is red.
noticed the same. watching QQQ and SPY diverge/converge has been making me seasick.
"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 like how nobody is discussing all the Space X news. Do we need a third Elon Musk thread?
Might need a new site and thread for Elon specific items. Good idea.
Not much to discuss until it takes off IMO. Hoping for a successful mission.
I got 25 shares of CGC a while ago @ $43. I know, horrible.
But because of how much demand I received for MJ during the first 2 weeks of quar I decided to get another 100 shares @ $15.70, figured it cant get worse and its the largest brand in the current industry.
As of today, since my avg cost is $21, today I crossed into the green(pun intended). Tomorrow earnings come out as well.
Kudlow (Trump) banging the China war drums.
Trump gonna wearing war paint tomorrow after market close.
Vol is back baby
Gonna stick my dick in the bear trap again I think and try for some TVIX gains.
I know, I'm a masochist.
What is your plan for this?
Most feel we have a bullish chart on our hands until we crack the 2970ish range on the S&P.
I know a poster at another board who has been calling the other 20+ active posters dumb for trading stocks. Kind of a real prick about it honestly - he knows more that the rest of us type attitude.
His book was to find Stonks to sell puts against at inflated premiums. He was recently selling $NERV puts. The $10 was going for $4.50 in premium. If you “want to play it safe” he would also sell $5 outs for $1 premium. From what I could cobble together he had 15000 contracts open, 150K shares. Expiration in mid June.
The stock was recently invested in by all the right investment firms and the stock has run up to $14 a share.
The main drug they were working on was a Massive Massive Fail in phase 3. Better off with the sugar pill type results.
Stock was haunted at $4 - implied re open at $2. Guy got his cock blown the fuck off.
What is your plan for this?
Most feel we have a bullish chart on our hands until we crack the 2970ish range on the S&P.
Im holding my dick, while checking every 30 minutes, hoping I can making 3-4% by EOD.
You were premature technically but when the public is looking at the same thing perhaps there is reward in getting a jump on the public.
Im holding my dick, while checking every 30 minutes, hoping I can making 3-4% by EOD.
Next week is gonna be a shit show in my estimation. You will be fine.
Last edited by Sanlmar; 05-29-2020 at 09:16 AM. Reason: Thinking and trading.... not a good mix for me
Step,
Just dawned on me your attachment to TVIX vs say, 3X Inverse/Short ETF like SPXU.
You did well in the downdraft as I recall but TVIX is not my cup of tea. Maybe it should be. We will see.
GL
Just need Trump to do Trump things today and we are in the zone for next week.
spy 240 secured.
"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
“Squaring your personal feelings with unsavory market dynamics”
The struggle is real but I am self aware. I know you understand.
ugh fine spy 275 secured.
"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 Fed just admitted to their LBO of equities. This is an example of the unsavory market dynamics I was referring to.. I mean right on queue.
It’s a perversion of the game I love and it’s hard for me.
Another funny thing I heard: “the Fed responds as if every day is a disaster”. paraphrase anyway.
Last edited by Sanlmar; 05-29-2020 at 10:02 AM.
Sold TVIX for 2.5% gain today. Wondering if i should get spxu for monday. Half my loses today were due to BA and CGC(which I bought 50 more shares) so not a major catasptrophe
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