Bullbros what the fuck is going on why is this happening
Anthony Hughes
>brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr YAY WE DID IT! WE SAVED THE ECONOMY! >brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
Fair enough. Thing is almost nobody holds until expiration so it doesn't really matter what happens at that time. The trick is if you think the price will go up you buy calls then sell them when the underlying's target price has been reached. Same for puts. Like say SPY is right now at 248 and you think it's going to 260 by this time next month. You buy a call that expires after that and when SPY hits that 260 you sell. Doesn't matter if it happens tomorrow or next week, it hits your target and you sell. Don't calculate your options on the basis of perceived "value", figure out if the strike price is low enough to make it realistic and if the expiration date is far enough out to be realistic. So a SPY put for 150 that expires in 3 days is shit. But a SPY put for 230 that expires in a week might be great if you think that's realistic. Think of the option as leverage. Multiply the underlying price by the delta and divide that by the price of the option to get the effective leverage. If you like what you see then dig in. That's option trading
>open short positions at beginning of day >markets tank as a result >close short positions at end of day >markets pump as a result It's all very simple really.
Chase Adams
>Russia can break even at 30$ in oil while Saudis have to break at 80 by the end of the year Wat? Saudi Arabia cuts even at a way lower number than the Russians. Probably low teens. >80 Lmao. Canada breaks even at fucking 75$ or so. What are you smoking?
>virtually no diversification at all, literally relies on high oil prices to keep welfare from collapsing Pretty much. Same for Russia. But SA can break even way lower and has less people. So it isnt in deep shit immediately.
jerome has turned me into a perma bear doomer. i don't want money any more, i'll fucking lose it all if i have to. i want this market to crash and burn
yes. week ended nice and red. blood bath continues after OPEC talks fall through
Alexander White
(((media))) influence
Andrew Kelly
>4M volume in the last minute >literally at most a 25 cent spread Holy fuck the crabs are too strong. Over 10M volume in 5 minutes also, and at most a 50 cent spread.
Noah Parker
yeah that's cool but have you considered dude oil lmao?
Xavier Cruz
didnt this retard say he was going to stop posting about sars-cov2 yesterday
I definitely see it as a nice pickup, but I'm personally very bearish on consumer air demand for the next 3 years, look at how long it took delta to come back after the crash in 08, not to mention the virus. They will take on a lot of debt, keeping planes maintained costs a lot of money. New planes will not be ordered for a while, and seeing as Pratt and Collins will be 60%+ of RTX's revenue I see a further leg down before upside. In 10 years they will be higher, but lower on the next 6-12 months
As always, long BAM and NEE
Owen Jackson
Ding ding ding! How did everyone do this week? I'm down .95% today, not great not terrible. Had some holds perform disproportionately poorly, put spreads continue to perk up, caught the last 15 mins on volume profile with spxl, entered C small style for the bolly-bolly (keeping cash on hand for the double/triple down in necessary next week). All in all a fun enough day, if not truly exciting. This week we're going to the Romano's in Vancouver, British Columbia!
QUICK ITS THE WEEKEND DURING A PLAGUE IN A TIME OF EXTREME UNCERTAINTY OF BAD NEWS MAYHEM AND MASS DEATH BUYBUYBUYBUYBUYBUY DONT MISS OUT
James Jones
Well folks there it is, this week was post-panic this is the new norm meme pumps and end of day OOOOOOOs accumulating in a -2.5% week this is what we'll have for the next 18 months
Are oil stocks going to keep dumping? There seems to be no demand for a while. Id like to get a nice stack of different ones. Im thinking... >BP >RDS.B >CVX As the ones im going for with a nice juicy dividend. Any smaller ones worth buying? I know some said CLR was doing ok.
i actually made a lot of money on USO today. Thanks to whatever user it was that said to get in at when it was at 4. I got out today on a limit sell @ 6.00
Up 8% today. Also >Walking around Vancouver Imagine wishing for Wu flu
Michael Price
The S&P closed like 8 points from last Friday. Nothing is moving whatsoever.
Nicholas Brooks
>this is just the flu bro >we can't let this hurt the economy. it's time to reopen everything and end the quarantine >if less than 200k die then that's a success
If this rumored deal falls through then it will crater oil. Risk to reward is just not there for me. It will either moon or dump biblically. Go with only the big names, you have the good ones there, stick to them only.
Adrian Scott
The monday tank
Evan Miller
the CLACK CLACK CLACK
Matthew Gomez
inverse head and shoulders/batman
Aaron Rodriguez
yay i gained $1.45
i know it's not a lot to you guys but its cool to end my first day of investing positive (has it ended even? says markets are closed)
>th-they’re just not recording the deaths! Lol ok retard. Hospitals are empty, too. Nobody is dying from this shit.
Christopher Roberts
Based.
Caleb Adams
APA, MRO if they survive.
Sebastian Cooper
no I mean that the dead cat has bounced and will crater on monday after OPEC talks fall through
Xavier Lopez
V shaped recovery
Asher Powell
That's the daily pattern, AC crashed on open, crabbed around, and shot up to close even
Caleb Parker
>after hours """buying""" pathetic
Brayden Williams
i feel monday going to be green from trump pulling something out of his ass again to pump it.
Blake Kelly
>these fucking "get back to work for our FUTURE" boomers never ever liquidate their assets and spend the money to help it Cryptojews, all of them
John Edwards
Sawtooth Solvency
Jacob Anderson
That doesn't look like a Romano's... I lost money today.
Xavier Clark
BAC is probably better in all honesty, but C is deeper in bolly violation. JPM is not in violation of the bolly protocol, and I've heard some frightening rumors about them lately :o
Kayden Martinez
yea user good job and yes it's closed. See you on monday
God I hope to hear news over the weekend. I need to know wether to get rid of or buy more SCO.
Justin Diaz
I sold my spy and went all in on REM. Fuck it, I was getting IV crushed on my 5/15 240p, and they'll probably announce good news on Monday so all the oilfags are going to buy
Robert Turner
I'm up heavy on USO and OXY
Hudson Morgan
Cruise's are going to have to probably continue offering equity and debt. CCL had to issue bonds at 13% or something. They're getting fucked. If they make it through they will be shadows of their former selves. No idea about gambling, but it's a sin
Jose Baker
my genuine hope is that you lose money as soon as possible so you can begin to get a bit jaded. overconfidence leads to poverty
Juan Powell
-0.4% sucks I was green like 30 minutes ago Im buying Meat stock SAFM
I am financially ruined despite not investing currently, having a normal income stream and enough savings for several years.
Aaron Bailey
It's becoming more and more apparent that none of you guys actually know what you're talking about.
When markets tank right after opening then surge right before closing that just means bears are opening shorts early and closing them at the end of the session, in the end S&P was only down 1.5% today, the intraday swinging was nothing more than day traders making money and then leaving the market to secure their gains in cash. What you guys see as "fed pumps" and dumps are just day traders opening and closing intraday positions, long-term investors barely touched anything today hence the low volume yet again.
I'm finally starting to understand you guys are complete retards trying to do voodoo astrology shit to justify your positions after you take them, like gamblers.
Parker Long
bro I lost 8k in my first month of trading cause I walked in with a fat sack. You be proud of fuck of your tiny gains. Good for you to practice with small risk. Wait until you can bat at least 65% of the time making good trades before you risk more.
Xavier Carter
nice user :)
Aiden Perez
You are thinking another big dump soon? Its kind of what i was thinking too. Ill save up my cash and buy in when it happens.