Investing General Discussion

Shonuff · Dec 17, 2021

Sanrith Descartes said:
So glad i didnt buy those TSLA puts this morning.

TSLA is still in a down channel, as its been pretty much for the last 17 days.

Fogel · Dec 17, 2021

People buying RIVN back up to 100, degenerate gamblers

Sanrith Descartes said:
RIVN options for January.

Look at that premium on puts expecting a 45% drop from today's price. And look at the Open Interest. Smart money all looking the same direction. Down.

View attachment 388395

You going to buy some? I got the 75's, but again, its more about how much $ you buy in contracts, not how many or strike price

Edaw · Dec 17, 2021

Lots of meme money flying around. This is a mess lol.

Sanrith Descartes · Dec 17, 2021

Fogel said:
People buying RIVN back up to 100, degenerate gamblers

You going to buy some? I got the 75's, but again, its more about how much $ you buy in contracts, not how many or strike price

I was actually looking to see how deep people were thinking the stock could drop. Its something I am keeping an eye on for the moment. Those are the lowest priced puts in the system right now. I was expecting strikes much lower to be honest.

Fogel · Dec 17, 2021

Sanrith Descartes said:
I was actually looking to see how deep people were thinking the stock could drop. Its something I am keeping an eye on for the moment. Those are the lowest priced puts in the system right now. I was expecting strikes much lower to be honest.

Sounds about right actually, its down from 135 to 95 right now from a month ago, selling monthly puts at any strike seem like a no brainer in the current market with high growth names all dying

Fogel · Dec 17, 2021

Already up 9%

Tmac · Dec 17, 2021

Fogel you're on a roll lately.

Fogel · Dec 17, 2021

Tmac said:
Fogel you're on a roll lately.

Playing catch up after trying to make money buying calls. Trying to learn to see both sides of a stock instead of only being a permabull or permabear

Edaw · Dec 17, 2021

U.S. regulators flag climate change, stablecoins as potential systemic risks

Climate change, the rapid growth of "stablecoins" and financial innovations that led to frenzied trading of GameStop Corp shares early this year are threats to the U.S. financial system that merit closer scrutiny, a Treasury Department-led regulatory panel said on Friday. In its annual report...

finance.yahoo.com

Screenshot 2021-12-17 at 11-19-53 Stock Portfolio Tracker - Yahoo Finance.png

Zzen · Dec 17, 2021

lol, these MTTR puts really are going to come down to the wire. Sitting @ 22.50 with less than 3 hours to go.

Zog · Dec 17, 2021

im in SQQQ at vwap and they just refuse to let me make a profit...

swayze22 · Dec 17, 2021

Fogel said:
Playing catch up after trying to make money buying calls. Trying to learn to see both sides of a stock instead of only being a permabull or permabear

That sounds entirely too reasonable.

ShakyJake · Dec 17, 2021

Does one necessarily want to be stopped out by general market swings? This is something I'm struggling with. I feel like I don't want to get out of a losing position just because the market itself is tanking, if I feel the stock itself has nothing fundamentally wrong with it. For example: Apple and the NASDAQ. Individual stocks often rebound quickly after steep market sell offs.

Sanrith Descartes · Dec 17, 2021

ShakyJake said:
Does one necessarily want to be stopped out by general market swings? This is something I'm struggling with. I feel like I don't want to get out of a losing position just because the market itself is tanking, if I feel the stock itself has nothing fundamentally wrong with it. For example: Apple and the NASDAQ. Individual stocks often rebound quickly after steep market sell offs.

The real skill in using stops is being able to correctly guess volatility of the individual stocks you are using stops on. Its less a science and more of an art.

Sanrith Descartes · Dec 17, 2021

Look at all those contracts at the $19 strike for PLTR.

Shonuff · Dec 17, 2021

Fogel said:
Trying to learn to see both sides of a stock instead of only being a permabull or permabear

Yes, come join the darkside with me. On my day trades, I switch between bull and bear from minute to minute.

Shonuff · Dec 17, 2021

ShakyJake said:
Does one necessarily want to be stopped out by general market swings? This is something I'm struggling with. I feel like I don't want to get out of a losing position just because the market itself is tanking, if I feel the stock itself has nothing fundamentally wrong with it. For example: Apple and the NASDAQ. Individual stocks often rebound quickly after steep market sell offs.

A while back, I posted the formula for stops. But now, I just use TRNDbot to figure it out for me in real time.

Lightning Lord Rule · Dec 17, 2021

Shonuff said:
I switch between bull and bear from minute to minute.

If there isn't a DSM classification for this, there should be.

Shonuff · Dec 17, 2021

ShakyJake, I let the computer do the stop loss for me now.

Shonuff · Dec 17, 2021

Lightning Lord Rule said:
If there isn't a DSM classification for this, there should be.

The best day traders are able to switch almost instantly, showing no emotion or remorse for previous losses or gains.

I've had to hammer that into my head, which is why I've been able to be more consistent than I was at the start of 2021.

Investing General Discussion

Mr. Poopybutthole

Mr. Poopybutthole

Parody

You have insufficient privileges to reply here.

Mr. Poopybutthole

Mr. Poopybutthole

Adventurer

Mr. Poopybutthole

Parody

Potato del Grande

Blackwing Lair Raider

Elite

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

Mr. Poopybutthole

Mr. Poopybutthole

Il_Duce Lightning Lord Rule

Lightning Fast

Mr. Poopybutthole

Mr. Poopybutthole