Investing General Discussion
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Sanrith Descartes
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Just wrote the $405 strike SPY puts expiring in an hour (technically a little longer).
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Big Phoenix
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Microsoft and google beat, tech to the moon tomorrow after todays beating?
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ShakyJake
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Question for those that write PUTs: do you ever write PUT options with expiration dates that are considerably distant (not more than year, though) for stocks that you genuinely intend to possess?
Specifically, I'm interested in TMF which appears to have found a nice floor around $7. However, to be worth it, I'd be looking at writing PUTs around Nov expiration. I suppose one could easily argue that tying up $700 for 1% gain is stupid...
Specifically, I'm interested in TMF which appears to have found a nice floor around $7. However, to be worth it, I'd be looking at writing PUTs around Nov expiration. I suppose one could easily argue that tying up $700 for 1% gain is stupid...
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Sanrith Descartes
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The premium increase going far out on options is the real question. Nov options give you tons of time to get boned on the trade going sideways. I prefer to write the monthly and then close and do it again. This gives you a smaller window of risk and lets you reassess the landscape before you write the next one.
ShakyJake
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I'm practicing with these trying to minimize risk as I learn, reason why I'm going with low value stocks. But the premiums are quite small of course.
Mist
REEEEeyore
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I can only hope as the biggest holding I have which is in tech was down around 5% today. It's recovered around 2% in after hours (Not MSFT or the goog)
Sanrith Descartes
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Sanrith Descartes
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Jysin
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Google sold off their entire earnings pump with their conference call being quite pessimistic. MSFT holding the premarket up here. I think this will be a gap up and fade day, but overall still in an active uptrend. Until that is broken (up or down), its just time to sit and be patient.
FRC imminent collapse will be quite a show. Bulls thinking the Fed will stop / cut rates due to more banking turmoil, bears rightfully pointing out that inflation is yet to be defeated and a few nobody banks can't stop their mandate to stabilize prices.
Also interesting:
uk.finance.yahoo.com
FRC imminent collapse will be quite a show. Bulls thinking the Fed will stop / cut rates due to more banking turmoil, bears rightfully pointing out that inflation is yet to be defeated and a few nobody banks can't stop their mandate to stabilize prices.
Also interesting:
Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman Warns
(Bloomberg) -- Amid resurgent banking angst, rattled stock markets may have to live without a key source of buying power.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership...
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Jysin
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Moments after I posted the FRC thing above, this hit headlines:
FRC David Faber: Sources continue to suggest White House and Treasury are unwilling to step up pressure on banks to purchase assets to repair balance sheet - CNBC
(aka no bailout thus far)
FRC David Faber: Sources continue to suggest White House and Treasury are unwilling to step up pressure on banks to purchase assets to repair balance sheet - CNBC
(aka no bailout thus far)
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Sanrith Descartes
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SPY floating above the various support lines and places I am willing to buy. This being the case I am selling near the money 0DTE puts each day until i get assigned at this $400 - $403 range and floating the strike down each day I am not assigned.
Blazin
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Chart still looks good, maybe in for some rest and backfilling. SPY needs to exceed 419 on the next leg though. Some troubling things like Russell 2000 , Nasdaq A/D. So far the Mike WIlson type call for a big down turn in earnings is proving to completely miss the mark. I'm being pretty aggressive with 4-5 contracts and then laddering another 15-20. Still just doing weeklies way too busy to be playing with 0dte. Could run sideways for weeks in this range. The longer we coil the bigger the move (in either direction)
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Furry
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Who in their right minds would give unsecured money freely to a company when recent history has shown us stock holders absolutely will get fucked if the fed steps in, and the risk of the fed stepping in seems pretty damn accute. I feel like that's jail-time levels of fiduciary irresponsibility.
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Sanrith Descartes
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Jysin
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Tesla becoming a race to the bottom for price. They are trying to go for market share at the low end of market and basically given up the "luxury" segment. Q1 model S and X sales were half of production numbers, so sitting on an oversupply. Price cuts on the M3 / MY to gain market share is all well and good, but it comes at the cost of margins. To me, Tesla seems to be going after market share over profits. But if history shows anything, a race to the bottom in prices is never a great thing.
Higher end, you have MB, BMW, Audi all making far better quality cars. VW in Europe just undercut Tesla for the cheapest on the market. Bit of an identity crisis, I think.
So, do you believe in the hype of future robotaxi nonsense? That's the big growth case. We are also (likely) headed into recession. Again, what time horizons are you looking at?
Given the data, shorter term, I believe they are quite overvalued. This is why its been heavily under pressure since earnings. From a technical perspective, we are entering a big gap window closing under ~154.75 and the other side of the gap below is 146.50. If we get there relatively quickly, I'd be a buyer on the bottom end of the gap for a quick oversold bounce. I certainly am not an investor at these levels.
My 2c
Higher end, you have MB, BMW, Audi all making far better quality cars. VW in Europe just undercut Tesla for the cheapest on the market. Bit of an identity crisis, I think.
So, do you believe in the hype of future robotaxi nonsense? That's the big growth case. We are also (likely) headed into recession. Again, what time horizons are you looking at?
Given the data, shorter term, I believe they are quite overvalued. This is why its been heavily under pressure since earnings. From a technical perspective, we are entering a big gap window closing under ~154.75 and the other side of the gap below is 146.50. If we get there relatively quickly, I'd be a buyer on the bottom end of the gap for a quick oversold bounce. I certainly am not an investor at these levels.
My 2c
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Furry
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