Markets still falling like whoa

[Wally Fairway 5526]

7 minutes ago, Cheeseweasel said:

IBRX. Because of Putin.

Double post = bonus internet points

Edited March 11, 2022 by Wally Fairway

[Cheeseweasel 26437]

14 minutes ago, Wally Fairway said:

Woof - that dog has been barking for a lot longer than Putin's Ukraine offensive

Watch their CEO blame Putin in their next quarterly report. 

[Blotto 23434]

Counterpoint: - IBRX actually hanging in pretty good this year since all the Putin bullshit started. 

Counter-counter point: 

and one more

We should pick better spots

 

[Wally Fairway 5526]

On 3/9/2022 at 1:42 PM, Wally Fairway said:

Bought some 3/14 $417 SPY puts, because I didn't want that money.

Now you can make $$$ trading opposite me, just like everyone else does.

Just remember there is someone on the other side of every option trade that you make; and they think they are going to make money too.

Easy money, for you not me.

I sold there's options in 3 transactions, and netted myself a tidy loss of about 60%.

Then SPY closes right on the number, luckily I did the last few late in the session because it looked like they might close ITM and if have sold a couple hundred shares at a net $5 under market value ( at least these are covered options)

[Parliament 14141]

I bought TSLA Friday, so I have THAT working for me.

[Lobwedgephil 1139]

5 hours ago, Parliament said:

I bought TSLA Friday, so I have THAT working for me.

Buying TSLA under 800 usually works, and very well. That said, the Fed is going to get us back on track, or send us to the depths of hell on Wednesday. 

[Cheeseweasel 26437]

10 hours ago, Lobwedgephil said:

That said, the Fed is going to get us back on track, or send us to the depths of hell on Wednesday. 

[Blotto 23434]

Just your standard 1.5% fall and 1.5% rise over the course of an hour or two. Algorithms doing work......getting paid.

[Cheeseweasel 26437]

[52-80 19098]

8 minutes ago, Blotto said:

Just your standard 1.5% fall and 1.5% rise over the course of an hour or two. Algorithms doing work......getting paid.

not enough to form a betting strategy on every monthly FOMC.... but it seems that if the market makes a big move one directly after FOMC, its gonna flip and go the opposite

[Guest]

1 hour ago, 52-80 said:

not enough to form a betting strategy on every monthly FOMC.... but it seems that if the market makes a big move one directly after FOMC, its gonna flip and go the opposite

First move is always wrong.

[52-80 19098]

3 minutes ago, FirstTimeCaller said:

First move is always wrong.

was able to cash in a small VX move down.  still bitter i left a lot of money on the table accidentally letting the previous contracts expire

[Parliament 14141]

Seems like every time a Russian tank explodes, the stock market goes up and grain markets go down.  Ukraine may plant their wheat and sunflowers on time.  

Edited March 18, 2022 by Parliament

[Cheeseweasel 26437]

9 minutes ago, Parliament said:

Seems like every time a Russian tank explodes, the stock market goes up

[52-80 19098]

putin out there making the Ultimate Sacrifice

[52-80 19098]

Bought some calls on 20y treasury bond etf (tlt). 
 

its been taking a shit since all the expectations of increased interest rates. But because the bonds themselves have taken a shit, some institutions and funds might have to buy into them in a rebalance, even if discretionary traders are bearish on them

[52-80 19098]

Whos ready to short some real estate etfs?  Or go long on REK

[Viper 12033]

Just now, 52-80 said:

Whos ready to short some real estate etfs?  Or go long on REK

I am always long on Robert Earl Keen

[Wally Fairway 5526]

Late February, I made the unstonkyest of investments - took some of the money I'd sidelined out of SPY which is not really a managed fund and put it into BRK.B and it is only up 18% while SPY is "only" up about 5.5% for that month

Of course I can't/won't play options for/against a company with outstanding results and a 91 year old CEO and his 98 year old sidekick.

[Wally Fairway 5526]

Looks like funds decided to dump holdings before quarter end reports.

Riding that rocket, all the way down 

[Trey3216 15325]

2’s/10’s have inverted.   Usually not a good deal 

[tbone_ 14027]

2’s/10’s have inverted.   Usually not a good deal 

[Trey3216 15325]

4 minutes ago, tbone_ said:

At the time of my posting, my post was corrrect.  

[tbone_ 14027]

Yea I figured. Still weirdly inverted though.

[Trey3216 15325]

9 hours ago, tbone_ said:

Yea I figured. Still weirdly inverted though.

2's/10's inverted, 5's/30's inverted.  Not usually a good sign.  10 of the last 11 times 5's/30's inverted we've gone into recession within 8-16 months.  

[OneOfTheOutOfFocusGuys 2059]

decided to do some loss harvesting last month and chose twtr.  womp womp

[Cheeseweasel 26437]

Well done.

[Blotto 23434]

China covid shutdowns proving to be more persistent than originally thought, Ukraine war, energy shitshow in Europe because of war, inflation/supply chain concerns (global and domestic), a series of interest rate increases because of inflation, fed beginning to taper balance sheet this month.....all that and markets are trending up and volatility is trending down. My "something's fucky" sensor is starting to heat up about like it did around Feb of 2020. At least options premiums are cheaper than they were a month ago. 

@Wally Fairway, do me a favor and stay away or better yet, buy SPY/QQQ calls.

[Wally Fairway 5526]

1 hour ago, Blotto said:

 

@Wally Fairway, do me a favor and stay away or better yet, buy SPY/QQQ calls.

LOL 

I'm sitting on the sidelines, riding the hand that I've been dealt. Which right now includes the covered SPY calls that I sold and should have covered a month ago.

[Wally Fairway 5526]

I promise I didn't do a damn thing

[Blotto 23434]

15 hours ago, Wally Fairway said:

I promise I didn't do a damn thing

And my 4/11 UVXY calls and SPY puts purchased Monday thank you for that.

[Shaggy3.0 1695]

On 3/31/2022 at 5:16 PM, Trey3216 said:

2’s/10’s have inverted.   Usually not a good deal 

Well, it's a good deal if you're into the BBWs.  I don't mind the chubbys.

 

[BevoSwag 272]

Could someone please explain how this weekly reporting every Monday in the WSJ accurately reflect buying and selling by sector?  The selling way outweighs the buying on any given Monday regardless of the market conditions previous week.  How can this be?  I presume it takes deritives into account too.

 

https://imgur.com/58xLplQ

 

Edited April 7, 2022 by BevoSwag

[Blotto 23434]

The fact that it shows zero transactions for sectors like media, utilities, etc... leads me to believe they have some issues with accurate data

[Lobwedgephil 1139]

Yeah, ignore this shit and just get ready for this massive inverse head and shoulders on the spyders. 

[Wally Fairway 5526]

Spike in reported CPI index, futures jump up as it was already baked into pricing.

Insert everything is fine gif

[Cheeseweasel 26437]

5 minutes ago, Wally Fairway said:

Spike in reported CPI index, futures jump up as it was already baked into pricing.

Insert everything is fine gif

First you PUMP...

[Wally Fairway 5526]

Long weekend in the markets; guess I'll just have to do a full days work tomorrow

[Parliament 14141]

Woah there, Son.  Let's not resort to drastic measures.  

[52-80 19098]

11 hours ago, Wally Fairway said:

Long weekend in the markets; guess I'll just have to do a full days work tomorrow

Putting in 8 hours of labor to burn it all in 5 minutes of trading is my kind of jam

[Parliament 14141]

Eight hours of work to earn money for 5 minutes of fun?  Are you familiar with the term "sugarbaby?"

[Trey3216 15325]

NFLX down 23% AH after losing subscribers for the first time in 10 years.  ouch.  Tomorrow should be cool.  

[Parliament 14141]

You'd think with all the differn't streaming services out there today we'd be at saturation.

[Blotto 23434]

3 hours ago, Trey3216 said:

NFLX down 23% AH after losing subscribers for the first time in 10 years.  ouch.  Tomorrow should be cool.  

I did my part, ending my subscription in March after their latest price hike announcement. It wasnt so much the amount of the price hike, but the announcement itself  got me thinking about how little I actually watch it these days(hardly ever), and it just sat there on autopay sucking money out of me.  I also have access to Amazon Prime video which I hardly ever watch, so this will theoretically get me to check that out. NFLX now down about 65% from its peak of $700 end of last year, and I still wouldn't touch it. 

[Skipper 6103]

16 minutes ago, Blotto said:

I did my part, ending my subscription in March after their latest price hike announcement. It wasnt so much the amount of the price hike, but the announcement itself  got me thinking about how little I actually watch it these days(hardly ever), and it just sat there on autopay sucking money out of me.  I also have access to Amazon Prime video which I hardly ever watch, so this will theoretically get me to check that out. NFLX now down about 65% from its peak of $700 end of last year, and I still wouldn't touch it. 

There are so many competitors with quality TV that it makes sense.  Particularly given how little time we have for TV (even though we are in the golden age of content).  I'm slogging through a couple of items on netflix now but won't be surprised if we toggle off for a few months soon to catch up on other stuff and just move around between the various platforms.  

[52-80 19098]

14 hours ago, Trey3216 said:

NFLX down 23% AH after losing subscribers for the first time in 10 years.  ouch.  Tomorrow should be cool.  

$700 to $250 in 6 months is a spectacular drop for a bluechip member of FAANG.  Like $300 to $100 for ZM.

What a wild start to a decade this is.

[Trey3216 15325]

1 hour ago, 52-80 said:

$700 to $250 in 6 months is a spectacular drop for a bluechip member of FAANG.  Like $300 to $100 for ZM.

What a wild start to a decade this is.

Trading with a P/E in the low-mid 20’s.   Crazy 

[Cheeseweasel 26437]

11 hours ago, Blotto said:

I did my part, ending my subscription in March after their latest price hike announcement.

I need to do the same. I rarely use it, and when I scan the movies, I rarely find one I like.

[Wally Fairway 5526]

15 hours ago, Trey3216 said:

NFLX down 23% AH after losing subscribers for the first time in 10 years.  ouch.  Tomorrow should be cool.  

Premarket indicators are all up, suggesting that NFLX losses are digestible (caveat - we'll see once markets actually open)

[52-80 19098]

I put on a 380C calendar, shorting Friday and long next month’s expiration. 
 

A good bounce in nflx means baby gets new shoes. No bounce means we all staying barefoot.