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Wanted to follow up and say thanks for PCVX. It's been good today.
What is Triple Witching?
I would have thought so but looks like we’re in for a day of chop. Anything between 3,000 and 3,070 likely doesn’t indicate anything.
Haha, I missed the call. Stock down in AH. What did they expect? I mean what was the rally if not for that?HTZ equity sale approved by bankruptcy judge
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LOL yeah I don't get it. This was a best case scenario. Still a bad scenario, but wth were they buying for if they didn't want the best case?
Unless that was Jefferies literally just pumping the markets AH. 250mn shares at $2.62 gets you almost $650mn. It may be some equity arb guys though playing the new issuance. I mean, there haven't been shares available to short in forever so maybe either more shares are available or something with HFs knowing they'll be able to buy them back. Same reason why equities go down after a secondary offering.
This has become a catch-all where people discuss specific stocks, the overall market, the economy, their portfolio performance, what they are going to name their boat when lionblood saves us all, and double reverse shooting unicorn chart formations. Since I can't discuss stocks in here, I check on some posts from posters who I respect, and I also use it as a gauge for sentiment.
I don't think you are missing anything here. It appears to me that NKLA has a support level at 30 so it is absolutely possible that the share price goes to $30 even as soon as July. That means you'd buy 100 shares for $12500 but you've saved $8000 in premium meaning that you've netted a loss of $1500. That's better than buying now (around $63) and watching the price shoot down to $30 for a loss of $3300. Selling puts can be like placing a limit order to purchase 100 shares, except you do get the premium. It is a strategy that many of us in here use (e.g. Bossman, though he often does NOT want to own the stock). As I've said many times, it is a safer strategy than buying 100 shares outright. NKLA premiums are just so incredibly wonky that this illustrates an extreme example. [Full disclosure: I sold a July NKLA put myself with strike price of 30 for a premium of $600 last week. I do not want to own the stock and hope it stays above that level.]
I was only kinda half joking because it seems every day BLMN has like a 7% swing around 10 or 11 oclock eastern time.
Are these possibly some of the ones you are talking about?
Alteratives could be indexes that hold a lot of dividend producing stocks that are well off all time highs. That way you still get diversification over single name risk. XLE and KBE for example.
You're already "investing", just do more of that. If you instead want to gamble, buy whatever suggestions you see here.
Actually you gambled keeping your money in the stock market, instead of selling before the obvious crash.
I love my rainy day fund (much smaller than your's - about $25K), but it earns only 1.30% interest. I'm not a day trader, but in 2020, have invested at least 20K into stocks. My timing was bad - probably dropped at least 10K in January/February before the market meltdown, but have been buying cheaper prices since. I do like owning stable stocks for companies that should continue growing and there are so many that I would love to get in on, but haven't (like Apple). Still on the fence on Zoom, but have missed the boat on that one. Over time, I have been buying into Disney, Boeing, United, Goldman, Target and Starbucks primarily - I don't really care about the short-term, but I think long-term, I'm doing good things. I suggest you follow my lead and this will also become an addition. I remember, back in January, how difficult it was for me to spend around $750 dollars on 5 DIS shares. Now, I look back and wonder why I never got involved. 401K is all Roth now for the last 9 months, that has pretty much made up the hole from early this year as well. I'm not an expert by any means, but this is the path I have taken.
Don't feel bad GB, I'd probably also be pissy if I had missed two obvious opportunities for huge gains but selling before the dip then buy everything back on sale.
Csb.How about the other x times you pulled your $ out of the market to avoid the "obvious crash" that didn't come and missed out on huge run-ups?
In killing it, GB. Not sure what you mean? I'm at all time highs with solid, smart investing strategies. Not WSB-level speculation.
Anyone paying attention knew covid 19 was the real deal, and it was going to rock the markets.
