Investing General Discussion

Jysin · Dec 1, 2021

Confirmed super-covid in the US. (No shit, its on every other continent)

Markets are whipsawing in panic. Do we buy the dip or do we run out of dip buyers and really get a pullback?

Bloomberg - Are you a robot?

Mist · Dec 1, 2021

Zog said:
View attachment 385403

He sounds like hes 1% away from crying on air.

Buying opportunity imo.

Zog · Dec 1, 2021

Jysin said:
Confirmed super-covid in the US. (No shit, its on every other continent)

Markets are whipsawing in panic. Do we buy the dip or do we run out of dip buyers and really get a pullback?

Bloomberg - Are you a robot?

It's always California.

Logic doesn't apply, it's gonna be algos fucking the market.

wormie · Dec 1, 2021

Why is saleforce taking a dicking?

LachiusTZ · Dec 1, 2021

wormie said:
Why is saleforce taking a dicking?

Why not?

LachiusTZ · Dec 1, 2021

Ok fuck it I literally don't understand SPXU puts...

Am I not buying the right to sell at a strike price?

Sanrith Descartes does this really move inversely with the underlying ticker?..

I bought puts at 13.5 for 1/7... And it's actually moving contrary to what I would expect

¯\_(ツ)_/¯

Zog · Dec 1, 2021

LachiusTZ said:
Ok fuck it I literally don't understand SPXU puts...

Am I not buying the right to sell at a strike price?

Sanrith Descartes does this really move inversely with the underlying ticker?..

I bought puts at 13.5 for 1/7... And it's actually moving contrary to what I would expect

¯\_(ツ)_/¯

Im gonna just chime in here and will come right out and say I dont understand options at all on a greek level but...the SPXU is an inverse index, when S&P500 goes down, SPXU goes up, you want to buy calls on inverse indexes when you expect the S&P500 to go down.

Big Phoenix · Dec 1, 2021

CEOs and insiders sell a record $69 billion of their stock, and the year isn't over yet

From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record.

www.cnbc.com

ShakyJake · Dec 1, 2021

LachiusTZ said:
Ok fuck it I literally don't understand SPXU puts...

Am I not buying the right to sell at a strike price?

Sanrith Descartes does this really move inversely with the underlying ticker?..

I bought puts at 13.5 for 1/7... And it's actually moving contrary to what I would expect

¯\_(ツ)_/¯

Option premiums aren't entirely tied to the underlying symbol's price. You have to look at the impl volatility.

I'm not touching options right now until the market has a defined trajectory.

LachiusTZ · Dec 1, 2021

Zog said:
Im gonna just chime in here and will come right out and say I dont understand options at all on a greek level but...the SPXU is an inverse index, when S&P500 goes down, SPXU goes up, you want to buy calls on inverse indexes when you expect the S&P500 to go down.

Yeah, I got all that.

But there is some Greek level fuckery happening that's beyond my understanding.

TJT · Dec 1, 2021

wormie said:
Why is saleforce taking a dicking?

Buy more.

ShakyJake · Dec 1, 2021

LachiusTZ said:
Yeah, I got all that.

But there is some Greek level fuckery happening that's beyond my understanding.

Are you using ThinkOrSwim? I look at the "break even price" to get a feel if the option price is out of whack.

I watch this YouTuber day trader and he constantly talks about option premiums being too high or a "good deal". I still don't quite understand the metrics he's using to base that decision on.

LachiusTZ · Dec 1, 2021

Nah just e trade phone app

Big Phoenix · Dec 1, 2021

Turn out the lights, not even Apple can hold it up anymore;

Sanrith Descartes · Dec 1, 2021

Go into a meeting at 10am and the markets are flying. Come out now to this shit. Can't you guys handle anything while I am away?

Sanrith Descartes · Dec 1, 2021

Wrote the $30 strike DAL puts expiring in 2 weeks. 72 cents premium

Added to CRM at $253.75

Added to V at $191

Kiroy · Dec 1, 2021

Sanrith Descartes said:
Go into a meeting at 10am and the markets are flying. Come out now to this shit. Can't you guys handle anything while I am away?

its zzen’s fault

Jysin · Dec 1, 2021

Someone check

Shonuff hasnt thrown himself out a building with his "all-in" travel stocks.

Moglyzoke Moogleman · Dec 1, 2021

My personal favorite in all this is PLIN. Looked like an easy short... nope!

Guess I shouldve shorted AAPL. The fuck?

(Ps Sanrith I know we discussed no shorting but what can I say Im fucking retarded.)

LachiusTZ · Dec 1, 2021

Moglyzoke Moogleman said:
My personal favorite in all this is PLIN. Looked like an easy short... nope!

Guess I shouldve shorted AAPL. The fuck?

(Ps Sanrith I know we discussed no shorting but what can I say Im fucking retarded.)

Dude I feel you.

I have been doing retard shit for a few months now. Watching puts go to zero while the underlying ticker is also red.

Puts are green, and I'm just lost as a result. Lol

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