Re-opening the economy means more people are going to be out driving again. I'm assuming that'll keep oil from bottoming out again, presuming we don't have a 2nd stay-at-home order.
They're not profitable, you need to account for the premium you paid to purchase the option. You'd be paying 33c to make 16c.
It would have to drop to about .65 for you to make money. I do think that could happen. Last Thursday it was at .30
I bought two puts for 1.6 that expire tomorrow at 725, if he puts his foot in mouth, awesome, if he doesn't oh well.
At a .20 buy-in, I'm already quite green on it...just need to do the math on when it's more profitable to exercise at expiration vs just selling. I think .60, like you said, is about that point.
AAL's fundamentals are hot garbage, but it's been showing some positive divergence on the day chart. Thoughts pacey ?
Taking a day off myself. I had a friend try to order one and they told him it would be an 8 week delay because they’re so backed up. Figured that would be good for earnings so I grabbed a few shares. That’s my technical analysis. Thanks.
I bought Barclays during brexit for like $7.00/share and didn't sell when it got up to $13 and now it's like $4 or less, idk, I stopped looking at it.
I’ve have JPM C DFS and a couple of regional banks. They’ve done well for me, but I’m wondering if I should just take the profits and get out now.
I stayed in AAL overnight because the top line is positive still and I bought on the 30 and it never crossed. Only down ~140. SDOW and DXD made a few grand before i got out completely a few minutes before close.
This is not fun. Global pandemic, record unemployment, businesses needing bail outs, this should be easy money in the long run. This isn't how any of this is supposed to work.
Dont tell the Nasdaq that. Isn't it close to flat for the year. I will call it Hanks drop, has to be coming soooooon
Forgot to post today's notes: The market continued its decline yesterday in what appeared to be the completion of corrective Wave 2 down of Wave C up within Major Wave B up. The Dow finished with a loss of 218 points, closing at 23,665. The NASDAQ and SPX were down 45 and 20 points, respectively. Volume on the NYSE was moderate, coming in at 94 percent of its 10-day moving average. There were 24new highs and 19 new lows. If yesterday’s decline was Wave 2 down, the markets should begin a strong rally today. That rally should be Wave 3 up within Wave C of Major Wave B up. It should carry the Dow back to the 24,700 level+/- and take a week or so to complete. After that, there should be a small pullback for Wave 4 and then a final rally to the 25,000 to 25,500 level, possibly a bit higher. No guarantees. Then once all five waves of Major Wave B up are complete, another crash wave …Major Wave C down similar to Major Wave A down should drop the Dow to the 17,000 level or lower. This is my primary scenario. IF the Dow falls below Monday's low of 23,361, all Bullish bets are off. Students might want to look at how narrow the Bollinger Bands on the Dow have become. If the market starts to move higher, we could get a Band Squeeze. The Market Timing Indicators for the Major Indexes remain Neutral. The Dean’s List remains Positive. The Tide has turned Neutral as the A/D oscillator and the Summation Index have turned negative. Seeing the A-D oscillator turn negative is not a healthy sign. It means that more stocks are declining than advancing. The Sector Ration strengthened to 13-11 Positive after yesterday’s session. The Strongest Sectors were Material (includes gold), Energy, Cap Goods, Computers and Household Products. Seeing Cap Goods and Computers appear on the Strong List is a good sign for a rally. Also, for the past 5 days, the Banking Sector has closed lower while the technology laden NASDAQ has stayed relatively strong. In other words, even though the markets haven’t done much for the past week, money appears to be rotating out of the conservative banks and into technology. This type of sector rotation (into technology) usually leads to a short-term rally. The Weakest Sectors were Real Estate, Media, Insurance, Autos, and Banks. Gold and the miners fell yesterday within their sideways triangle for wave 4. The 2-period RSI on GLD had an oversold reading of 21.9 yesterday with a VTI showing NO Trend. So, gold should rally today. The market timing indicators on GLD remain Neutral. If GLD begins to break out of its triangle, causing the Timing Indicators to turn Positive, I will look to Scalp Trade gold and mining stocks to the long side. My target for gold (the metal) remains above the 1,900 level, with 19,500 to 2,000 possible. Bonds appear to have completed their Wave B retracement rally and are now gaining downside momentum. The 2-period RSI on TMF is oversold after yesterday’s loss of 2.08 points with a VTI showing No Trend, so IF Bonds rally today(?) the Model will look to add to its current position in TBT on any pullback. BTW, Disney (DIS) reported a 58 percent drop in operating revenue from its theme parks and cruise line yesterday. This contributed to an overall 37 percent decline in revenue. The stock finished down 0.18 cents on a day when the Dow was up 218 points. The reason I’m mentioning Disney today is because the Media Sector has been on the Weak List for weeks and DIS is the blue chip stock in the sector. During the recent rally, DIS got as high as 112.70. Yesterday the Mouse traded down to 98.86. So, when you’re looking for stocks to short, make sure you check out which sectors are the weakest. Once the current Wave B rally completes, that’s where I’ll be looking for my shorts. On the other hand, if you plan to trade the current (potential) rally, you might want to pick stocks in the strongest sectors. Once you know which sectors are the strongest, go to the Members Watch List and select the strongest stocks in that sector. The Model continues to hold 40 shares of UCO, 600 shares of TBT, and 500 shares of GOLD with a cash balance of $76,147. That’s what I’m doing,
CODX sucked me back in by not going below $13.50. Back in at $14.80x400 Figured the short swing had shifted to $13-17 instead of $11-15. Whoops. Soon to be poor again.
I have two taxable accounts, one for investing where I’ve mostly bought companies with good fundamentals at prices I like and generally hold indefinitely that’s up 15.6% on the year. And another much smaller one that I fuck around with options and leveraged funds that’s down about 70% this year. Why is it so enticing to continue fucking around in the second one instead of just sticking everything in the first?
The same reason it’s enticing to play blackjack or roulette or any other casino game! The thrill of the win! But the way you’re doing it is smart in my opinion, assuming you’re putting the majority of the money into the buy and hold account not the YOLO account
maybe people will stop treating the stock market as a place holder for tHe EcOnOmY after this stretch
I think KTOV is a good one as far as pennies go. I have a position at 0.39, looking for .70-80. This one has actual product/revenue behind it and not a "mysterious conference call next week"
Anyone use this “StockTwits” app? Saw it mentioned on reddit so downloaded it. If so, any good follows?