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Jysin

Jysin

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Confirmed super-covid in the US. (No shit, its on every other continent)

Markets are whipsawing in panic. Do we buy the dip or do we run out of dip buyers and really get a pullback?

Bloomberg - Are you a robot?

www.bloomberg.com
 
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Zog

Zog

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Jysin said:
Confirmed super-covid in the US. (No shit, its on every other continent)

Markets are whipsawing in panic. Do we buy the dip or do we run out of dip buyers and really get a pullback?

Bloomberg - Are you a robot?

www.bloomberg.com
Click to expand...
1638385028411.png


It's always California.

Logic doesn't apply, it's gonna be algos fucking the market.
 
LachiusTZ

LachiusTZ

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Ok fuck it I literally don't understand SPXU puts...

Am I not buying the right to sell at a strike price?

Sanrith Descartes Sanrith Descartes does this really move inversely with the underlying ticker?..

I bought puts at 13.5 for 1/7... And it's actually moving contrary to what I would expect

¯\_(ツ)_/¯
 
Zog

Zog

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LachiusTZ said:
Ok fuck it I literally don't understand SPXU puts...

Am I not buying the right to sell at a strike price?

Sanrith Descartes Sanrith Descartes does this really move inversely with the underlying ticker?..

I bought puts at 13.5 for 1/7... And it's actually moving contrary to what I would expect

¯\_(ツ)_/¯
Click to expand...

Im gonna just chime in here and will come right out and say I dont understand options at all on a greek level but...the SPXU is an inverse index, when S&P500 goes down, SPXU goes up, you want to buy calls on inverse indexes when you expect the S&P500 to go down.
 
ShakyJake

ShakyJake

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LachiusTZ said:
Ok fuck it I literally don't understand SPXU puts...

Am I not buying the right to sell at a strike price?

Sanrith Descartes Sanrith Descartes does this really move inversely with the underlying ticker?..

I bought puts at 13.5 for 1/7... And it's actually moving contrary to what I would expect

¯\_(ツ)_/¯
Click to expand...
Option premiums aren't entirely tied to the underlying symbol's price. You have to look at the impl volatility.

I'm not touching options right now until the market has a defined trajectory.
 
LachiusTZ

LachiusTZ

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Zog said:
Im gonna just chime in here and will come right out and say I dont understand options at all on a greek level but...the SPXU is an inverse index, when S&P500 goes down, SPXU goes up, you want to buy calls on inverse indexes when you expect the S&P500 to go down.
Click to expand...

Yeah, I got all that.

But there is some Greek level fuckery happening that's beyond my understanding.
 
ShakyJake

ShakyJake

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LachiusTZ said:
Yeah, I got all that.

But there is some Greek level fuckery happening that's beyond my understanding.
Click to expand...
Are you using ThinkOrSwim? I look at the "break even price" to get a feel if the option price is out of whack.

I watch this YouTuber day trader and he constantly talks about option premiums being too high or a "good deal". I still don't quite understand the metrics he's using to base that decision on.
 
Sanrith Descartes

Sanrith Descartes

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Go into a meeting at 10am and the markets are flying. Come out now to this shit. Can't you guys handle anything while I am away?
 
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Sanrith Descartes

Sanrith Descartes

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Wrote the $30 strike DAL puts expiring in 2 weeks. 72 cents premium

Added to CRM at $253.75

Added to V at $191
 
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Moglyzoke Moogleman

Moglyzoke Moogleman

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My personal favorite in all this is PLIN. Looked like an easy short... nope!

Guess I shouldve shorted AAPL. The fuck?

(Ps Sanrith I know we discussed no shorting but what can I say Im fucking retarded.)
 
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LachiusTZ

LachiusTZ

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Moglyzoke Moogleman said:
My personal favorite in all this is PLIN. Looked like an easy short... nope!

Guess I shouldve shorted AAPL. The fuck?

(Ps Sanrith I know we discussed no shorting but what can I say Im fucking retarded.)
Click to expand...

Dude I feel you.

I have been doing retard shit for a few months now. Watching puts go to zero while the underlying ticker is also red.

Puts are green, and I'm just lost as a result. Lol
 
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