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Posted
  On 4/3/2020 at 3:20 AM, McCroskey said:
Got back in on BA today at $121.16.  Considering 2 days ago I thought about dipping my toes back in at ~$150ish, I feel pretty good.  Last week or the week before (the days are all running together now) I bought at $119 and stupidly sold at $145, right before it shot up to the $180s.  Here's to a repeat.

Me with BA yesterday:
259e3a6b431abddff98498dc10d1aa4e.gif

Me with BA today:
2bfb176ffc0ec9b6fbccc05eab2f6942.gif


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  • Like 1
Posted

i was staring hard at shorting AMC and it went +60% on news theyre issuing more debt?

gap and abercrombie and other shit grade apparels co with tons of debt went up 10%...rrriiightt

Posted (edited)
  On 4/17/2020 at 1:33 PM, Blotto said:

I got out of the calls at $6.50. Will hold the puts for a bit. 

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Ended up selling my puts early afternoon for a robust $0.10, so bought the straddles for $4.60 and exited for $6.60. Not complaining, but I am somewhat surprised that I could have gotten a higher return holding all the way til close. Would have been sweating things around 1:30 however, and probably sold out at around break even with the close fast approaching.

I didnt straddle for Monday and instead just chose to drop half my profits from today's straddle only on Monday puts (285 strike). Probably guarantees another big run up, so plan accordingly and profit from my dumbassery.

Edited by Blotto
  • Like 1
Posted

I didn’t take a stake in Monday. Been lucky with those straddles so far. Spce is fucking garbage but it wouldn’t break below 18 so I ate that one. Outside of one bad trade where I basically detonated 10k in under an hour, it’s been a pretty fun run. 

Posted
  On 4/17/2020 at 10:49 PM, Blotto said:

Ended up selling my puts early afternoon for a robust $0.10, so bought the straddles for $4.60 and exited for $6.60. Not complaining, but I am somewhat surprised that I could have gotten a higher return holding all the way til close. Would have been sweating things around 1:30 however, and probably sold out at around break even with the close fast approaching.

I didnt straddle for Monday and instead just chose to drop half my profits from today's straddle only on Monday puts (285 strike). Probably guarantees another big run up, so plan accordingly and profit from my dumbassery.

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Spy 4/22 280p let's do this goddamn thing

I'm also long VXX so it could be a double buttfucking if it goes wrong

Posted
  On 4/18/2020 at 7:17 AM, Fudge Nuggets said:

Along the lines of the Fed propping up the markets; a wise man once said "A whore can only seek refuge under the protection of her pimp for so long."

That's where we are.

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The difference is that the market can be wrong for a long time and it is expensive to bet against it. You can be right about a stock, or the market, and lose at lot (maybe everything) while the run continues, or before the bubble bursts.

Y'all might be too young, but that's what happened with LTCM when they nearly caused a market failure leading to a NYFed backed bailout to save a global financial collapse.

http://www.investmentreview.com/print-archives/winter-1999/the-story-of-long-term-capital-management-752/

Posted

Here is a sign that the market is likely to rise - short interest is a the highest level in years

WSJ article  https://www.wsj.com/articles/bets-against-the-stock-market-rise-to-highest-level-in-years-11587288601

  Quote

Short sellers have revived their wagers against the stock market in recent weeks, taking their most aggressive positions in years.

Bets against the SPDR S&P 500 Trust, the biggest exchange-traded fund tracking the broad index, rose to $68.1 billion last week, the highest level in data going back to January 2016, according to financial analytics company S3 Partners. That was up from $41.7 billion at the beginning of 2020 and $41.2 billion a year ago.

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  Reveal hidden contents

 

Posted

Was swamped Friday but I did get into some energy names.  OKE, Exxon, chevron - May get dinged more in short term but as 10 year plays and those dividends, kind of a no brainer.  
 

We will definitely see some pullback.  Question is when?  

Posted
  On 4/20/2020 at 4:57 AM, ChiTownDoc said:
Was swamped Friday but I did get into some energy names.  OKE, Exxon, chevron - May get dinged more in short term but as 10 year plays and those dividends, kind of a no brainer.  
 
We will definitely see some pullback.  Question is when?  

I’m back to very cash heavy but I’m gearing up for a large set it and forget play on xom and oke as well.

To make this stonk worthy, I’m tempted to get a personal loan at 5-6% and roll that into those high dividends as well. And ya, I’m aware they can cut the div at any point. I’m generally a total pussy with my cash/investments so I have some pent up ‘f it’... plus no dependents, zero debt, and a lifestyle/income that allow for saving 50-60% of my monthly take home.
  • Like 2
Posted

saudis already bought equity in oil companies.  but in shell, total, etc, but not xom or cvx. 

also your divvies get taxed so the net would be lower , obv

Posted
  On 4/20/2020 at 4:57 AM, ChiTownDoc said:

Was swamped Friday but I did get into some energy names.  OKE, Exxon, chevron - May get dinged more in short term but as 10 year plays and those dividends, kind of a no brainer.  
 

We will definitely see some pullback.  Question is when?  

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I hated trying to pick individual winners, do I opened a position in XOP

Posted
  On 4/20/2020 at 4:57 AM, ChiTownDoc said:

Was swamped Friday but I did get into some energy names.  OKE, Exxon, chevron - May get dinged more in short term but as 10 year plays and those dividends, kind of a no brainer.  
 

We will definitely see some pullback.  Question is when?  

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Ooops.

I'm planning to add to my XOM position today.

Posted
  On 4/20/2020 at 4:57 AM, ChiTownDoc said:

Was swamped Friday but I did get into some energy names.  OKE, Exxon, chevron - May get dinged more in short term but as 10 year plays and those dividends, kind of a no brainer.  
 

We will definitely see some pullback.  Question is when?  

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Oil prices dropping into the $12 range in pre-market this morning.  Will ramp even more pressure for getting people back to work sooner...

giphy.gif

Posted (edited)
  On 4/20/2020 at 12:31 PM, ChiTownDoc said:

Unless it drops like crazy still looks bit higher than what I bought at Friday.  
 

More buying though.  Stock picking.  No index Funds until we go lower.  

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I bought a bunch sub $32 so my cost average will be fine.  It's at 40.60 pre-market which is lower than all but the first 10 minutes Friday.

Edited by Fudge Nuggets
Posted
  On 4/20/2020 at 12:57 PM, Fudge Nuggets said:

I bought a bunch sub $32 so my cost average will be fine.  It's at 40.60 pre-market which is lower than all but the first 10 minutes Friday.

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Bought more at 41.00.  Fuck it.  I’m in long term. Tech prices right now too juicy for my blood anyway.  Buy low / sell high right?!

Posted

How is XOP up today?
I must not understand the O&G market, because with the price crashing I assumed it would impact XOP.
I'm close to selling my XOP, because:
a) I'm up 
b) If I don't understand it, I shouldn't own it
c) WTI is under $12, Brent is at $26 - storage limitation? 
d) is this an expiring contracts issue (May futures for WTI expire tomorrow)?

 

Posted
  On 4/20/2020 at 3:42 PM, The Royal We said:

Yea, wtf on XOP!?  As of this moment, oil is down 43% and XOP is up 3.26%.

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WTI is down over 40%, Brent is down 6%, nat gas is up 2% - I get that WTI is, likely, futures expiration related, but still - I sold my XOP for about a 14% gain, I'll look to back in again once this settle out a little bit more. I also made a few buck playing with OXY puts when the big OPEC induced drop hit, and the stock price ahs normalizedc which I just don't get with the crushing debt-load they took on to buy Anadarko.

 

Posted (edited)

Bought KO calls at 8:46 for .80 cents (April 24, $46), sold at 8:50 for $1.10. Nice 37.5% profit in less then 5 minutes. 

Options are fun. 

Edited by hornbri
Posted
  On 4/21/2020 at 2:07 PM, TonyTexas said:

Will you also tell us when options aren’t fun?  

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i held USO calls so ill take the heat for him. 

bounced out of my VXX calls and SPY puts a bit premature.  there was some legs left in them, but still happy

Posted
  On 4/21/2020 at 2:07 PM, TonyTexas said:

Will you also tell us when options aren’t fun?  

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I'll throw my in my .02¢ - options are not fun when you have things going on that make it so you can't watch the market on day(s) when there are big enough market moves to make a few bucks.
Things likework, doctors appointments, people calling you from Iraq.....don't they know not to interrupt me when I'm #stonking

 

Posted

I'm thinking about making a stonky#stonk move and buying USO straddle(s) - for about $2.25 I can straddle the 10/16 $3.00 strike, or a strangle for $1.60 with a $2.50 put and a $3.50 call. 
It gives me 178 days of theta, and I'm thinking that I could get lucky and sell both side of the trade for win/win; this would obviously be a small play, because doing it big time would not be prudent and because I'm not a Surly 1% baller. 

Posted

$2.25 seems like a pretty rich premium for an underlying currently at around $2.75. Hell by October, they could decide to dissolve the damn thing a la XIV, or dramatically alter their futures buy/roll strategy, which they already did a week or two ago . Definitely qualifies as stonky#stonk. 

 

 

  • Like 1
Posted
  On 4/21/2020 at 4:33 PM, Blotto said:

$2.25 seems like a pretty rich premium for an underlying currently at around $2.75. Hell by October, they could decide to dissolve the damn thing a la XIV, or dramatically alter their futures buy/roll strategy, which they already did a week or two ago . Definitely qualifies as stonky#stonk. 

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I pulled the trigger as a strangle, fat fingered the call options as 11 instead of 10.
And I am making big money - this is how ballers roll, trying to decide how to outfit my G650

USO-strangle

Posted

DECN making an announcement on Thursday and they've said it's going to be longer that normal.  Hoping it's their approval for their diagnostic stuff

Trading for around .22 (I'm avg in a little lower).

Posted
  On 4/21/2020 at 5:47 PM, RCRanger03 said:

DECN making an announcement on Thursday and they've said it's going to be longer that normal.  Hoping it's their approval for their diagnostic stuff

Trading for around .22 (I'm avg in a little lower).

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Home based COVID testing would be something. 

Posted
  On 4/21/2020 at 6:09 PM, Anastasis said:

Home based COVID testing would be something. 

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It's a redesign off their existing diabetes testing equipment, so it's serology (blood based) rather than PCR based which is the thing slowing down testing. Results are immediate... I think it's a gamechanger

I'm an essential personnel in a high COVID risk environment, I'm going to buy one of these AS SOON as they are avaible (hell maybe I'll be able to swing one as a stockholder benny with my few thousand shares)

Posted (edited)
  On 4/21/2020 at 6:21 PM, Anastasis said:

Seems pretty #stonky to me.  In for a couple thousand shares cause why the fuck not. They have powerpoints and shit.

http://www.pharmatechsolutions.co/assets/inserts/20200327_GenViro!_PP.pdf

 

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giphy.gif

I'll take my middleman fee as $1k in shares at current trading price or the equivalent in bestbuy coupons. One of those will be more valuable come Friday lol

Edited by RCRanger03
  • Like 2
Posted
  On 4/21/2020 at 5:47 PM, RCRanger03 said:

DECN making an announcement on Thursday and they've said it's going to be longer that normal.  Hoping it's their approval for their diagnostic stuff

Trading for around .22 (I'm avg in a little lower).

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  On 4/21/2020 at 6:21 PM, Anastasis said:

Seems pretty #stonky to me.  In for a couple thousand shares cause why the fuck not. They have powerpoints and shit.

http://www.pharmatechsolutions.co/assets/inserts/20200327_GenViro!_PP.pdf

 

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shit like this is the reason this thread was created, although this has all the earmarks of a pump and dump. Fuck it, I have some spare change in the couch from some straddles I exited earlier. 

  • Like 2

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