Investing General Discussion
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Sanrith Descartes
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Big Phoenix
Pronouns: zie/zhem/zer
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Fogel
Mr. Poopybutthole
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So ever since the SPAC boom and bust, I've been looking for new ways to harness twitter to do some swing trading with some free cash outside of the usual index, option, or swing trade. I've been watching the "pumpers" as fintwit puts them, and buying/selling calls on their plays has been profitable so far. The trick is you need to be in early and set a tight stop loss. If you get stopped at at 10% so be it, but the calls run up to 100-200% extremely fast when they do. Here's my P/L for this week playing ANY, BBIG, MMAT, ROOT. Almost 800$ profit with about 1500 in ANY/MMAT i'm holding over tomorrow, and both are currently 6-10% up in AH which means the calls will be up about 40-50%
8/27/2021 | any | 246 | 308 |
| any | 129 | 1093 | |
| bbig | 211 | 598 | |
| root | 257 | ||
| root | 347 | 385 | |
| mmat | 221 | ||
| mmat | 221 | ||
| bbig | 403 | 347 | |
| bbig | 1306 | 2743 | |
| bbig | 1142 | 917 | |
| any | 1182 | 1121 | |
| any | 1123 | 1646 | |
| any | 782 | ||
| any | 521 | ||
| any | 295 | ||
8386 | 9158 | ||
| Bought | Sold | ||
| Open | 442 | ||
1137 |
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Asshat wormie
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Sanrith Descartes
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Borzak
Silver Baron of the Realm
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Same. Some people say I'm I egotistical. Hell I don't even know what that means. I guess it has something to do with the way I fill out my skin tight jeans.
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ToeMissile
Pronouns: zie/zhem/zer
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I feel like this needs another dimension or 2 for context. GDP? Unemployment? Inflation? Or some other market figure like trade volume?
swayze22
Elite
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it's the S&P Index price and how many times it hit an All Time High in a given year
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Sanrith Descartes
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Sanrith Descartes
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Sold my PTON this morning. It was sort of an impulse buy and the longer I spent researching it the more I realized it was not one of my brighter moves. Think I lost a few pennies on it. This does stand as one of my bedrock trading principles. If you don't feel right after executing a trade, don't hesitate to cut bait and admit it wasn't a good move for you.
Sanrith Descartes
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Notable open interest changes for September 3rd (TheFlyOnTheWall)
Thursday's total option volume of 35.2 million contracts resulted in net open interest growth of 4.32 million calls and 3.06 million puts. Cameco(CCJ) , Apple(AAPL) , AT&T(T) and Tesla (TSLA) saw the greatest growth. Top five new positions opened include 98k Cameco(CCJ) Dec-21 30 calls, 35k Riot Blockchain (RIOT) 9/10 weekly 37 calls, 27k Cameco(CCJ) Dec-21 23 calls, 27k Quantumscape (QS) 9/24 weekly 27 calls and 23k AT&T(T) 9/3 weekly 27.5 calls.
Thursday's total option volume of 35.2 million contracts resulted in net open interest growth of 4.32 million calls and 3.06 million puts. Cameco(CCJ) , Apple(AAPL) , AT&T(T) and Tesla (TSLA) saw the greatest growth. Top five new positions opened include 98k Cameco(CCJ) Dec-21 30 calls, 35k Riot Blockchain (RIOT) 9/10 weekly 37 calls, 27k Cameco(CCJ) Dec-21 23 calls, 27k Quantumscape (QS) 9/24 weekly 27 calls and 23k AT&T(T) 9/3 weekly 27.5 calls.
Jysin
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Sanrith Descartes
For me, I have been bearish on PTON since start of the year. Just made no sense at Dec price levels with vaccines rolling out, heading out of winter into nicer outdoor weather. Who the fuck wants to sit on a bike indoors staring at walls when lockdown restrictions were loosening?
CNBC talking heads were talking about reopenings recently and talking about how gym memberships (social fitness) are hitting highs. Even more reason to get the fck out of the house off your Peloton.
Seemed a bit of a lockdown fad to me. People are generally lazy. I can't see the growth argument going forward. As life returns to normal(ish), there are going to be a lot of used bikes hitting the market. Just like most other home exercise equipment that gets bought and collects dust soon after. There will be more willingness to sell it too, as it is a higher priced item. ... of which Peloton just reduced prices on anyway.
I made money shorting it. Just wish I held to my convictions for a longer term play.
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Shonuff
Mr. Poopybutthole
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I'm still short PTON and ZM right now. There's no way they could make their comps. And like Cramer says, for the companies that are running super high multiples, if the slightest thing goes wrong, you short them. Even the slightest negative news makes them drop 5-6%.
He won't say that on TV, but he has said it on actionalerts.
He won't say that on TV, but he has said it on actionalerts.
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Sanrith Descartes
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I scoffed at it during the IPO and then sort of forgot about it. The other day it tanked on results and tanked a second day and I put my bargain basement shopping hat on and grabbed a small position. It leveled out at $100 my first thought was keep it and see what happens. Then I recalled my initial reaction was to not like the stock and buying it now was sort of a go against my strategy play and I dumped it. Less about the financials and more about me just not liking it.
CNBC talking heads were talking about reopenings recently and talking about how gym memberships (social fitness) are hitting highs. Even more reason to get the fck out of the house off your Peloton.
Seemed a bit of a lockdown fad to me. People are generally lazy. I can't see the growth argument going forward. As life returns to normal(ish), there are going to be a lot of used bikes hitting the market. Just like most other home exercise equipment that gets bought and collects dust soon after. There will be more willingness to sell it too, as it is a higher priced item. ... of which Peloton just reduced prices on anyway.
I made money shorting it. Just wish I held to my convictions for a longer term play.
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