Investing General Discussion

Furry · Mar 13, 2023

Sanrith Descartes said:
Everyone bank and their moms will be selling low interest bonds and MBS to the FED for par.

It's capped at 25Billion, so there's gonna be a lot of banks that go home sad after trying.

Sanrith Descartes · Mar 13, 2023

Furry said:
It's capped at 25Billion, so there's gonna be a lot of banks that go home sad after trying.

Yeah, like monetary caps are now something to be honored.

Furry · Mar 13, 2023

Sanrith Descartes said:
Yeah, like monetary caps are now something to be honored.

I think there's about 100b total in the fund that they are pulling from. After that we'd be in economic fairy land, not that I'm denying we might end up there.

Edaw · Mar 13, 2023

Sanrith Descartes said:
Yeah, like monetary caps are now something to be honored.

Mist · Mar 13, 2023

OU Ariakas said:
Shit, if it wasn't a fucking complicated mess to do I'd go start a bank whose mission was to keep depositors safe and aim for 1% growth per year.

This is basically what all banks did from 2009-2021 when interest rates were effectively 0. And that's how we got here.

Sanrith Descartes · Mar 13, 2023

When FRC (First Republic Bank) was trading down around $17 this morning (from a close of $81) you could only trade options (Apr, May, Aug) down to a price of $22.50. Its back up to $32 but options are still floored at the strike of $22.50

Edaw · Mar 13, 2023

Sanrith Descartes said:
When FRC (First Republic Bank) was trading down around $17 this morning (from a close of $81) you could only trade options (Apr, May, Aug) down to a price of $22.50. Its back up to $32 but options are still floored at the strike of $22.50

So it''s fake and gay?

Sanrith Descartes · Mar 13, 2023

Edaw said:
So it''s fake and gay?

While yes this might also be true, its just that no one considered needing strikes that low.

Sanrith Descartes · Mar 13, 2023

Sanrith Descartes said:
Trade recco of the day. C puts expiring 4/6 (the week before earnings). 24 day hold to expiry. The $35 strike is a 23% drop from current price. IV of Citi shot up with today's bank fuckery. This put is paying 34-38 cents premium. Either A> you get the free premium or B> you get C at roughly $34.65 a share which pays over a 4.5% dividend yield and you spin around and sell covered calls against it.

Got a bite on my order and wrote the $35 strike for 38 cents premium.

Edaw · Mar 13, 2023

Sanrith Descartes said:
While yes this might also be true, its just that no one considered needing strikes that low.

I had to have the AI explain it. Too deep in the woods for me.

Screenshot 2023-03-13 at 15-03-52 ChatGPT.png

TheBeagle · Mar 13, 2023

Burnem Wizfyre said:
Don’t want to or can’t find people so they’ve adopted those policies? I don’t really know, I do know for a fact that all over my area people don’t want to work and they can’t find people so companies do what they have to. No bullshit, anyone single with the ability to move on a whim and no criminal record able to get a TWIC card want to move to Corpus Christi and make 100k a year?

Yes. I'm looking at CC for my retirement/semi-retirement but alas, I gots a bit of a record and already make six figs working 30-35 hrs a week.

Burnem Wizfyre · Mar 13, 2023

TheBeagle said:
Yes. I'm looking at CC for my retirement/semi-retirement but alas, I gots a bit of a record and already make six figs working 30-35 hrs a week.

Yeah this is more hours than that.

Sanrith Descartes · Mar 13, 2023

I had to read this twice to make sure I didn't misread it.

wormie · Mar 13, 2023

Sanrith Descartes said:
I had to read this twice to make sure I didn't misread it.

Fucking lol. Wrote down 100 million of goodwill.

Zzen · Mar 13, 2023

Sanrith Descartes · Mar 13, 2023

Nm, didn't see the after hours price at the bottom.

Lightning Lord Rule · Mar 13, 2023

Sanrith Descartes said:
I had to read this twice to make sure I didn't misread it.

LOL, there might be more Buzzfeed Editors here at FOH than actual Buzzfeed!
A guy can dream!

Falstaff · Mar 13, 2023

Sanrith Descartes said:
I had to read this twice to make sure I didn't misread it.

I want to know who is bag holding this piece of shit and what are they hoping for? Some sort of buyout so their $1 share can be worth $3?

Khane · Mar 13, 2023

Hey man that's a 200% increase!!!

Sanrith Descartes · Mar 13, 2023

Falstaff said:
I want to know who is bag holding this piece of shit and what are they hoping for? Some sort of buyout so their $1 share can be worth $3?

Interesting to put BZFD and SPIR side by side. Both pricing around a buck, BZFD has market cap 50% higher but with -$0.50 EPS to positive $1.63 a share for SPIR. SPIR has a market cap just a hair above it's annual revenue while BZFD has revenue above it's market cap. Both started as SPACs. SPIR close to profitability while BZFD nowhere near.

I wonder which one goes bankrupt first.

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