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Rangoth

Rangoth

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Blazin said:
I bought 10 PLTR put contracts for fun a few days ago.
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Just sold them didn't make much I went way too far out of the money with a $80 strike. I don't buy puts very often so was just goofing around with a $600 trade. They almost doubled though.
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Not sure how far out you bought, but it was a good instinct and play on the odds. That stock is so massively inflated I've been tempted to do the same as well. Also the right move, I almost never let puts run to max profit, if I'm in the green I'm out. Especially on shit like this
 
Blazin

Blazin

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Rangoth said:
Not sure how far out you bought, but it was a good instinct and play on the odds. That stock is so massively inflated I've been tempted to do the same as well. Also the right move, I almost never let puts run to max profit, if I'm in the green I'm out. Especially on shit like this
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PLTR250321P80 . There was time on them but not going to waste my time watching a trade that small. I should have kept it small but still big enough to matter maybe $5k in options and could have been a nice win but to do so I would take positions that I don't intend to erode to zero which means another name to watch.

Right now I'm working with SERV and SOUN to work on high IV options strategies, as practice for the "The Big One" of MSTR in March.
 
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Haus

Haus

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Blazin said:
PLTR250321P80 . There was time on them but not going to waste my time watching a trade that small. I should have kept it small but still big enough to matter maybe $5k in options and could have been a nice win but to do so I would take positions that I don't intend to erode to zero which means another name to watch.

Right now I'm working with SERV and SOUN to work on high IV options strategies, as practice for the "The Big One" of MSTR in March.
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Captain Suave

Captain Suave

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Edaw said:
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Edit: Upon further investigation it looks like what's actually happening is redirecting this money to other defense-ish priorities like the Iron Dome idea and border security.

Sanrith Descartes said:
Just do 10% a year. Its a round number.
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0.92 ^ 5 = 0.66, so a 1/3 reduction. That's probably the round number they were going for.
 
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tugofpeace

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UPST is pissing me off. They hit $90 or so last earnings and did an offering, tanked the stock. Couple weeks ago they had great earnings again, and once it touched $96 they did another fucking offering. Held this turd all the way down to $10 or so and I'm almost considering dumping it.
 
Jysin

Jysin

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tugofpeace said:
UPST is pissing me off. They hit $90 or so last earnings and did an offering, tanked the stock. Couple weeks ago they had great earnings again, and once it touched $96 they did another fucking offering. Held this turd all the way down to $10 or so and I'm almost considering dumping it.
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This fucking ticker makes me belly laugh every time.

 
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Sanrith Descartes

Sanrith Descartes

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Captain Suave said:
Edit: Upon further investigation it looks like what's actually happening is redirecting this money to other defense-ish priorities like the Iron Dome idea and border security.



0.92 ^ 5 = 0.66, so a 1/3 reduction. That's probably the round number they were going for.
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A pox on you and your number magic.
 
Blazin

Blazin

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Been watching a trader on X for awhile always very aggressive so I decided to waste $40 and see what he is doing and it's been pretty much what I expected. Crazy amount of volatility and risk taking. POsitives I like that he tends to give himself time on option trades no zero date stuff. Doesn't panic on a down day. But the price swings are pretty nuts. This was a $30k portfolio that has ranged from $57k to 17k in just a few weeks. Today again taking it on the chin.

Stuff that I don't like but isn't all that surprising is that when he is up he is all over X talking about how bigly up he is and total silence on the red days. So far it's been a lot of spinning the wheels and going no where. Been interesting to watch. He blew up 1/3 of the port on TSLA
1740068984978.png
 
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Blazin

Blazin

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Tmac said:
The big MSTR put or call in March? :O
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Buying Calls, I've been selling puts every week for awhile now waiting for price to come into range. Still not quite there yet but in a clear downtrend channel. This is going to be a high risk trade so I'm certainly not recommending it to anyone.
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
Been watching a trader on X for awhile always very aggressive so I decided to waste $40 and see what he is doing and it's been pretty much what I expected. Crazy amount of volatility and risk taking. POsitives I like that he tends to give himself time on option trades no zero date stuff. Doesn't panic on a down day. But the price swings are pretty nuts. This was a $30k portfolio that has ranged from $57k to 17k in just a few weeks. Today again taking it on the chin.

Stuff that I don't like but isn't all that surprising is that when he is up he is all over X talking about how bigly up he is and total silence on the red days. So far it's been a lot of spinning the wheels and going no where. Been interesting to watch. He blew up 1/3 of the port on TSLA
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My retarded take in baseball terms.
Most investors are generally decent fastball hitters. When Mr. Market decides he doesn't have his good braking stuff and just tosses fastballs most anyone can get base hits. High quality hitters can groove extra bases and even some round-trippers.
When Mr. Market has control of his offspeed stuff, he is nearly unhittable. High quality hitters can still get hits off of him, but they have to really work the pitch count and be on top of their game.
The vast majority of investors should take the day off when Mr. Market has his breaking stuff working. It just ain't worth it.
 
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Blazin

Blazin

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Sanrith Descartes said:
My retarded take in baseball terms.
Most investors are generally decent fastball hitters. When Mr. Market decides he doesn't have his good braking stuff and just tosses fastballs most anyone can get base hits. High quality hitters can groove extra bases and even some round-trippers.
When Mr. Market has control of his offspeed stuff, he is nearly unhittable. High quality hitters can still get hits off of him, but they have to really work the pitch count and be on top of their game.
The vast majority of investors should take the day off when Mr. Market has his breaking stuff working. It just ain't worth it.
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We are 800+ days into a bull market so there are people who have been making alot of money because risk taking is rewarded. This results in a lot of "experts" because after years its easy to start thinking "Im getting the hang of this" but in reality the market just had a very strong bias to the upside. Most will never survive a decline because they take nothing but leveraged options plays that can wipe out an account when a couple 3% declines come along out of no where.
 
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Sanrith Descartes

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Blazin said:
We are 800+ days into a bull market so there are people who have been making alot of money because risk taking is rewarded. This results in a lot of "experts" because after years its easy to start thinking "Im getting the hang of this" but in reality the market just had a very strong bias to the upside. Most will never survive a decline because they take nothing but leveraged options plays that can wipe out an account when a couple 3% declines come along out of no where.
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The greatest trick the Devil ever played was convincing people investing on leveraged margin was a good idea.
 
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Blazin

Blazin

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Lots of people in the 6200 before pullback camp. We are entering a weak period, a small dip in next few weeks with limited downside could be the springboard. That should prove sufficiently difficult to read in that at the low people would fear that it's a full correction. Meaning we stop 5900s while people fear 5600 , it could spring off a 5900ish low back to highs in just a few sessions.

IWM and the broadening trade overall is the thing not cooperating for us to go higher. IWM has a set up that in that mini dip for SPY could go down and test it's 200d again.
 
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