Investing General Discussion
- Thread starter Furious
- Start date
-
Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Gravel
Mr. Poopybutthole
- 38,982
- 127,251
It's just so ridiculous. Saw one earlier today about "black banks."
Money doesn't give a shit about skin color.
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
Not going down the rabbit hole in this thread but it all comes back to education. Who in their right mind expects high school dropouts who live their existence on govt safety nets to manage their money? White, black, yellow, green. Race dont matter. You don't close the wealth gap until you close the education gap. And I don't mean college. We are talking about people who can't calculate change without the cash register telling them how many coins to give back.
Ps.. PLTR $18.75 do we hit $20 today?
Ps.. PLTR $18.75 do we hit $20 today?
- 1
Falstaff
Ahn'Qiraj Raider
- 8,377
- 3,288
I agree with this. However, I'm assuming the thinking is, closing the wealth gap will naturally close the education gap, remove the cycle of poverty etc., and education gap will naturally close itself within X# of generations. They just want to put one before the other and are going to try that with fiscal policy I guess?
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
Whomever thinks that is just ass-backwards. Close the wealth gap before you close the education gap and they just piss it away. The reason we cant close the education gap in this country is because it requires difficult decisions that politicians dont have the balls to make. Those difficult decisions will cost them re-election. It isnt that we don't know "how" to close the education gap. Its that no one in the position to make it happen has the "will" to actually do it.
On topic: Im thinking about selling puts on CVS. I think the AMZN pharmacy thing is an over-reaction to the big pharmacy chains. They will feel some pain, but not the pain they are feeling today.
- 1
Fogel
Mr. Poopybutthole
- 13,015
- 51,098
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
The Dec 18 monthly. I think the $60 strike at 41 or 42 is a safe bet and if it gets exercised $59.60 is a good price based on how it has acted the last month. But the $62.50 at about 80 cents is a bit more risky but I like that premium.
The $62.50 is backtested over 2-years and estimates an 18.16% probability of being assigned. Obviously the $60 strike has a much less chance of being assigned. I figure to make the call around 3:45 - 3:55.
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
Fogel
Mr. Poopybutthole
- 13,015
- 51,098
Never doubt the power of hopeful traders and Tesla. With it being added to the 500 it will be added to plans. They will buy the shares like crack and by February 2021 it will be sitting at 800 a share. This is my hope with no knowledge at all in investing. it's worked great so far.
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
I read this morning that S&P is considering adding TSLA in tranches so funds dont have to insta-sell lots of existing holdings to match the index weights.
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
FVAC / MP
MP Materials Completes Business Combination and Will Begin Trading on the NYSE under “MP”
BUSINESS WIRE 4:06 PM ET 11/17/2020
MOUNTAIN PASS, Calif.--(BUSINESS WIRE)-- MP Materials, the largest rare earth materials producer in the Western Hemisphere, today announced the completion of its business combination with Fortress Value Acquisition Corp.(FVAC) , a special purpose acquisition company sponsored by an affiliate of Fortress Investment Group LLC (“Fortress”). The combined company, MP Materials Corp. (“MP Materials” or “the Company”), will begin trading on the New York Stock Exchange (NYSE) tomorrow, November 18th, under the ticker symbol “MP”.
MP Materials Completes Business Combination and Will Begin Trading on the NYSE under “MP”
MP Materials Completes Business Combination and Will Begin Trading on the NYSE under “MP”
BUSINESS WIRE 4:06 PM ET 11/17/2020
| Symbol | Last | Price Change |
|---|---|---|
| FVAC | 14.39
| +0.39 (+2.7857%) |
| QUOTES AS OF 04:00:02 PM ET 11/17/2020 |
MOUNTAIN PASS, Calif.--(BUSINESS WIRE)-- MP Materials, the largest rare earth materials producer in the Western Hemisphere, today announced the completion of its business combination with Fortress Value Acquisition Corp.(FVAC) , a special purpose acquisition company sponsored by an affiliate of Fortress Investment Group LLC (“Fortress”). The combined company, MP Materials Corp. (“MP Materials” or “the Company”), will begin trading on the New York Stock Exchange (NYSE) tomorrow, November 18th, under the ticker symbol “MP”.
OU Ariakas
Diet Dr. Pepper Enjoyer
- 7,244
- 20,098
The article says that it will 'focus on race as they shape Biden’s policies on issues like housing, health and small-business lending.' The last time they did this we got NINJA loans: No income, no job/assets. It led to the 2008 housing crash. Do you think picking who to give money to by the color of their skin is going to magically make them more successful?
Also, how do you close the education gap in a population whose culture calls anyone willing to take education seriously a fag and then beats them up?
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
Fogel
Mr. Poopybutthole
- 13,015
- 51,098
NCLH down 6% after a new stock offering announced
seekingalpha.com
Norwegian Cruise Line initiates equity offering (NYSE:NCLH)
Norwegian Cruise Line Holdings (NYSE:NCLH) commences underwritten public offering of 40M common shares.
seekingalpha.com
Fogel
Mr. Poopybutthole
- 13,015
- 51,098
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
And this is surely helping MP
DOD Announces Rare Earth Element Awards to Strengthen Domestic Industrial Base
The Defense Department announced contracts and agreements with several rare earth element producers.
www.defense.gov
Sanrith Descartes
You have insufficient privileges to reply here.
- 43,972
- 117,709
For those who use Fidelity's platform and want to begin or get better with trading options, the Active Trader Pro software has an options strategy window that will run backtests for you and give you probabilities of being assigned. For example, here is a backtest I ran on deep-out-of-the-money puts on NIO. It shows selling the $30 puts expiring Dec 18th will net $99.35 per contract in premium and have a 12.01% chance of being assigned based on the historical 30 day volatility.
Edit: I sold the Dec 18th $27 puts.
Edit: I sold the Dec 18th $27 puts.
Last edited:
- 1