Investing General Discussion

Fogel · Jan 5, 2021

So far out of all the green energy ETFs I bought, ICLN has been the most solid. Up 150% last year and up 13% since I purchased it on 12/21, and the options are really good as well. TAN has been doing well as well.

Jackie Treehorn · Jan 5, 2021

Sanrith Descartes said:
I made some very nice money on SPACS last year, but I am getting wary of going back to the well too many times. I am gonna take what I learned trading them last year and be even more picky about any I drop some cash on. I am still holding a chunky position in PSTH and PSTHWS and that is my only SPAC holding as of now. Now that we made it to the other side of Coronachan, its time to find the big cap players who came out stronger on this side of it.

Not that I know shit about shit, but just logically, it seems like something has to give. From what I can see SPACs are essentially risk free. You buy near $10, it can’t go lower than like $9.50 even in worst case scenario?, then when they get close to voting on a merger the price invariably skyrockets for a bit, then you sell before a merger unless you really believe in the new company. It’s about as close to guaranteed positive money as anything which you would think can’t go on forever.

LachiusTZ · Jan 5, 2021

TJT said:
Pretty sure everyone wishes they bought a few bitcoins for $20 back in 2008 or even $800 back in 2013 today. But, whatever.

I would have never held it till now.

I've made more the past month on crypto than I would have if I had 100@20$

But yes.

I'd follow a dead octopus into crazy for a dozen 20$ BTC

Fogel · Jan 5, 2021

Jackie Treehorn said:
Not that I know shit about shit, but just logically, it seems like something has to give. From what I can see SPACs are essentially risk free. You buy near $10, it can’t go lower than like $9.50 even in worst case scenario?, then when they get close to voting on a merger the price invariably skyrockets for a bit, then you sell before a merger unless you really believe in the new company. It’s about as close to guaranteed positive money as anything which you would think can’t go on forever.

The only risk I see to spacs is they continue to proliferate and then you get supply and demand issues as everyones spread out over 100's of spacs and you no longer get that good pump before the merger announcements. You'll have to spend more time on research to find the spac that's going to make money.

Jysin · Jan 5, 2021

Bought US Steel (X) yesterday at $17 for the retirement acct. Up 10% today.

Fogel · Jan 5, 2021

Sanrith Descartes said:
Yeah BTWN has been sinking. I am waiting for a new entry to get back in. I wish options were enabled on it.

Ask and you shall receive

Sanrith Descartes · Jan 5, 2021

Fogel said:
Ask and you shall receive

I can sell some 10 strikes and be happy either way or 12.5 if vol is high enough

Wingz · Jan 6, 2021

Now that Dems control everything. Where you guys hiding your money? I'm thinking about my mattress.

TJT · Jan 6, 2021

Wingz said:
Now that Dems control everything. Where you guys hiding your money? I'm thinking about my mattress.

All terrible things considered. 2020 was absolutely amazing for corpos in terms of seizing market share from smaller businesses.

Stonks will continue going up.

LachiusTZ · Jan 6, 2021

Yeah, but when it's illegal for the proles to have money...?

Tinycoffin · Jan 6, 2021

TJT said:
All terrible things considered. 2020 was absolutely amazing for corpos in terms of seizing market share from smaller businesses.

Stonks will continue going up.

Agree - more stimulus checks and Fed printing on the horizon. Bank stocks might have a very nice year with all the other peoples money they will have to invest.

Sanrith Descartes · Jan 6, 2021

The real question is how far things fall today.

Sanrith Descartes · Jan 6, 2021

TLRY +20% pre-market for all you pot stock aficionados.

I expect healthcare stock to begin their downward slide as fear of government run healthcare because a possibility.

Locnar · Jan 6, 2021

Tinycoffin said:
Agree - more stimulus checks and Fed printing on the horizon. Bank stocks might have a very nice year with all the other peoples money they will have to invest.

Don't forget more $$unemployement$$. Which has been a nice UBI since March for a lot of people who were in the right place at the right time. Now if only the dems make bonus payments retro to September like they've wanted to.

Edit/Question: For those of you that use Fidelity and have a Roth with them. Are they letting you sell covered calls in the roth? I, supposedly, have options enabled on that account but its not letting me sell covered calls on what I'm holding in there. Of course its proving impossible to call them.

Fogel · Jan 6, 2021

Locnar said:
Don't forget more $$unemployement$$. Which has been a nice UBI since March for a lot of people who were in the right place at the right time. Now if only the dems make bonus payments retro to September like they've wanted to.

Edit/Question: For those of you that use Fidelity and have a Roth with them. Are they letting you sell covered calls in the roth? I, supposedly, have options enabled on that account but its not letting me sell covered calls on what I'm holding in there. Of course its proving impossible to call them.

Which level options do you have enabled? You need level 2 for covered calls.

Sanrith Descartes · Jan 6, 2021

Fogel said:
Which level options do you have enabled? You need level 2 for covered calls.

I think it might be 1 for covered calls and 2 for cash covered puts.

Sanrith Descartes · Jan 6, 2021

PLTR - Shorts are getting serious.

Largest borrow rate increases among liquid names (TheFlyOnTheWall)

Largest borrow rate increases among liquid names (TheFlyOnTheWall)

THE FLY 8:45 AM ET 1/6/2021

Latest data shows the largest indicative borrow rate increases among liquid option names include: AMC Entertainment(AMC) 47.53% +0.60, Co-Diagnostics(CODX) 30.51% +0.54, Palantir Technologies(PLTR) 8.30% +0.45, Materials Sector SPDR ETF (XLB) 0.51% +0.22, Senseonics(SENS) 30.71% +0.20, Root Inc(ROOT) 6.74% +0.19, Gogo(GOGO) 2.72% +0.16, Nikola(NKLA) 23.59% +0.12, C3 AI (AI) 3.63% +0.11, and ContextLogic(WISH) 12.30% +0.10.

TJT · Jan 6, 2021

Sanrith Descartes said:
PLTR - Shorts are getting serious.

Largest borrow rate increases among liquid names (TheFlyOnTheWall)

Largest borrow rate increases among liquid names (TheFlyOnTheWall)

THE FLY 8:45 AM ET 1/6/2021

Latest data shows the largest indicative borrow rate increases among liquid option names include: AMC Entertainment(AMC) 47.53% +0.60, Co-Diagnostics(CODX) 30.51% +0.54, Palantir Technologies(PLTR) 8.30% +0.45, Materials Sector SPDR ETF (XLB) 0.51% +0.22, Senseonics(SENS) 30.71% +0.20, Root Inc(ROOT) 6.74% +0.19, Gogo(GOGO) 2.72% +0.16, Nikola(NKLA) 23.59% +0.12, C3 AI (AI) 3.63% +0.11, and ContextLogic(WISH) 12.30% +0.10.

So sell pltr huh?

Locnar · Jan 6, 2021

Fogel said:
Which level options do you have enabled? You need level 2 for covered calls.

just did the max, lvl 3 I think. its strange it wont let me do it, guess I need to wait on hold forever and see wtf is up

Big Phoenix · Jan 6, 2021

Some real smart people running the exchanges in this country;

Bloomberg - Are you a robot?

Investing General Discussion

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Largest borrow rate increases among liquid names (TheFlyOnTheWall)​

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Largest borrow rate increases among liquid names (TheFlyOnTheWall)

Largest borrow rate increases among liquid names (TheFlyOnTheWall)