siffoin
Footballguy
25,697,960 Options Vol. 97% were puts?That’s it. Can’t tell if Tuesday’s data was glitchy or real. Nothing much cooking on SPY today.
Is that correct?
25,697,960 Options Vol. 97% were puts?That’s it. Can’t tell if Tuesday’s data was glitchy or real. Nothing much cooking on SPY today.
I didn’t parse the numbers that carefully and I really just saw the top ten volume plays which were all puts (10 million contracts right there). I wouldn’t have estimated 97% as puts, that is a very high number but I don’t doubt it.25,697,960 Options Vol. 97% were puts?
Is that correct?
Well this isn't good.I was going to post this in the Options thread but the underlying point is the possibility of a recession in the next year or two so it fits in this thread too. Saw data on a website which shows unusual options activity. The top volume ETF option trades today indicate enormous volume going into long term puts on the SPY. The top ten in volume are for either about one year or two years out, all puts, and with a total of about ten million contracts (which is a lot) at a cost of about $100 to upwards of $700 for each contract. Billions being bet against the S&P in the upcoming year just today. Granted there is some significant money being thrown into calls as well, but those are mostly short term and much smaller volume. Seems like a good time to jump on board to bet against the markets (I think they are overbought right now) for the upcoming year. I'll seriously look at dumping some money into SPY puts tomorrow based on this massive options action today.
Sold 18 shares at 1703. Wanted to get some out above 1700. If it keeps going up, sweet but had to cash some out.Amazon really being fought at 1700
Nice day for both ... I'm up about $800 (8%) since 2/28 purchase.Pulling the trigger on some cannabis today...
ACB, and CRON (ETF)
Probably could have waited for a better entry point ...
but I don't see how these can fail long term.
So glad I sold. It wasn’t a huge chunk but I’m just two days it’s down to 1632. I would have lost an extra $1200. Just glad I sold all I had available to sell when it poked its head over 1700.Sold 18 shares at 1703. Wanted to get some out above 1700. If it keeps going up, sweet but had to cash some out.
ETA: It “crashed” a bit at the end of the day so an extra $200 in my pocket. Woot!
Bought a bunch at......1632 the other day so I guess I can’t complain too much right now.So glad I sold. It wasn’t a huge chunk but I’m just two days it’s down to 1632. I would have lost an extra $1200. Just glad I sold all I had available to sell when it poked its head over 1700.
Bought a bunch of NIO calls today. Now I am rooting along right beside you. What a two-day beating.Oops, just looked at NIO![]()
I'm down like $3,500... I was up like $5k on Monday, I'm just going to stop looking - didn't even realize they reported earnings this week (and they were ugly!).
They delivered 1800 cars in Jan and 800 in Feb - feels like I was hoodwinkedBought a bunch of NIO calls today. Now I am rooting along right beside you. What a two-day beating.
You also bought immediately after a 20/20 fluff piece on them, giving a uptick in pricing too. Double whammy.They delivered 1800 cars in Jan and 800 in Feb - feels like I was hoodwinked![]()
But I committed and I'm sticking with it.
I bought before the real pump though in the $8's - looks like it topped out around $10.65.You also bought immediately after a 20/20 fluff piece on them, giving a uptick in pricing too. Double whammy.
You can complain a little now. I don’t really care until May know but it seems like the market has turned a little negative. I only sold because as you noticed it hadn’t been able to get much above 1700 and I took the chance when it climbed a little above. Down 5% since I sold so it’s nice to still have that extra $1500.Bought a bunch at......1632 the other day so I guess I can’t complain too much right now.
Been a rough week. We were on a good roll too.It hasn't been as severe as Q4, but sentiment has completely shifted back to "everything sucks".
Yep, I kind of figured it had and I’m really glad I sold all our vested shares of AMZN above 1700. I had a feeling that was a near term high. I’m sitting ready to jump in again. I should have jumped in back at the end of the year but I was legitimately worried it would go lower.It hasn't been as severe as Q4, but sentiment has completely shifted back to "everything sucks".
It's still around 30 right now, historically that still indicates abysmal 10 year returns. Granted, it has come down some from last year, but buying in now based on Shiller methods isn't a very wise idea. If you're looking for long term investments, you want to get in at 20 or lower.The PE10 is going to drop like a rock this year. Slowly valuation-based sentiment will turn more favorable. Not that it solely drives prices.
Having some profit taking this week isn't terribly surprising. I have been expecting it. Everything doesn't suck, though the last employment report didn't help (though heavily affected by snowstorms and the shutdown).It hasn't been as severe as Q4, but sentiment has completely shifted back to "everything sucks".
Always thought PE10 should be and EMA and not an SMA. When those awful 2009 numbers roll off the PE10 should indeed drop a good bit. P/E of the market in 2009 was like 70.The PE10 is going to drop like a rock this year. Slowly valuation-based sentiment will turn more favorable. Not that it solely drives prices.
I'm talking about the narrative- in Q4 everything was doom and gloom, then for the first two months of this year everything was clear sailing, now we're back to doom and gloom.Having some profit taking this week isn't terribly surprising. I have been expecting it. Everything doesn't suck, though the last employment report didn't help (though heavily affected by snowstorms and the shutdown).
I concur on the narrative. The economy is still humming, so I'm pretty much plugging my ears and hodling.I'm talking about the narrative- in Q4 everything was doom and gloom, then for the first two months of this year everything was clear sailing, now we're back to doom and gloom.
Market is already priced for the economy to keep humming along, so what is the catalyst for new highs?Sand said:I concur on the narrative. The economy is still humming, so I'm pretty much plugging my ears and hodling.
A humdinger!Market is already priced for the economy to keep humming along, so what is the catalyst for new highs?
There is no catalyst for new highs. But another year passing, trading sideways, and the picture clears considerably. The market will creep higher eventually. You trying to hit home runs?fantasycurse42 said:It's still around 30 right now, historically that still indicates abysmal 10 year returns. Granted, it has come down some from last year, but buying in now based on Shiller methods isn't a very wise idea. If you're looking for long term investments, you want to get in at 20 or lower.
Regardless of sentiment, I ask the same question over and over in here and have never received a single response - what is the catalyst for new highs? Fed injecting more money into the system? Not sure what impact going from 2% to 0% will really have, I suspect it would be like the tax cuts, a sugar high that would wane quickly.
No economy is perfect. But, yes, absolutely humming at the moment.The economy is humming?
I would guess that retail stores are closing because more and more people are shopping on-line.The economy is humming? Is this shtick?
No one saw the jobs report?
1100 retail stores closing?
22T debt?
I told myself that I wouldn't do it .... but tvix is as low as it's been in several months.Hope SacBob kept playing his tivx game. He would have done well this week!
ACB up another 13% today. Not sure what I did to deserve that.Pulling the trigger on some cannabis today...
ACB, and CRON (ETF)
Probably could have waited for a better entry point ...
but I don't see how these can fail long term.
They are bringing in Nelson Peltz as a "strategic consultant." Paying him with options on 20 million shares, which would make him the second-largest shareholder if he exercised them. Probably good news for shareholders either way, as the dude has been crapping money for half a century.ACB up another 13% today. Not sure what I did to deserve that.
InI told myself that I wouldn't do it .... but tvix is as low as it's been in several months.
Very tempted to jump back in.
Is this new math? $2.8 billion - $450 million = $2.35 billion lost. Is $2.35 billion close enough to call it "over" $1.5 billion?Tempted to dip toes into TVIX, then found this online:
TVIX—destroyer of wealth
According to ETF.com’s ETF Fund Flows tool, TVIX’s net inflows have been around $2.8 billion since its inception in 2010. It’s currently worth $450 million, so VelocityShares has facilitated the destruction of over one and a half billion dollars of customer money—so far. I’m confident this overall destruction will continue.
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Ouch. Sorry.
lol .... ACB, what a run!ACB up another 13% today. Not sure what I did to deserve that.
... but CRON is back down to what I paid for it.
I'm sure there are reasons ... but I don't care to ask.