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Stock Thread (27 Viewers)

25,697,960 Options Vol.  97% were puts?

Is that correct?
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.

 
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.

 
Have we figured out if the dated put volume was really that crazy? :interested:

Also, I'm considering a pair trade, up in the air about it, but considering long SHAK short CMG

 
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.
Well this isn't good.

Or is it just another reason to get some TVIX positions opened up again?

 
:(

The only real problem with getting ready to pay cash for a car is now my "fun money" went from 5 digits to 3.  

so the fun for today was buying a whole 3 shares of Tesla at $283.33. would buy more. 

instead I can buy a 2018 Camry XSE. Could go for a 17 Accord ex-l and have a few more thousand to play with....

 
Amazon really being fought at 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!

 
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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.
Nice day for both ... I'm up about $800 (8%) since 2/28 purchase. 

Seems very volatile though.

Probably should have bought more ... but I've no idea what I'm doing.

 
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!
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.

 
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 at......1632 the other day so I guess I can’t complain too much right now. 

 
Oops, just looked at NIO :lol:

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!). 

 
Oops, just looked at NIO :lol:

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!). 
Bought a bunch of NIO calls today. Now I am rooting along right beside you. What a two-day beating.

 
What's the next catalyst for a move higher? The Fed drops back to 0? Injects more stimulus? 

Organic growth is a thing of the past, right? When the market sheds 20% on the fear of an FFR at 3-3.5% gotta think so. 

https://www.macrotrends.net/2015/fed-funds-rate-historical-chart

Here is a look at the FFR, zoom in from 1980 until now. Every cycle has come down and down and down. If they haven't made their final hike of this cycle, they're close. With the amount of debt and leverage in the system, I guess anything over 2.5% is chaos - long term prospects can't be that good if that is case.

Would love someone to argue the other side of that, just curious what the talking points are? I'd assume employment numbers would be the lead? 

 
You also bought immediately after a 20/20 fluff piece on them, giving a uptick in pricing too. Double whammy. 
I bought before the real pump though in the $8's - looks like it topped out around $10.65. 

Think it is China's best interests to have this brand succeed. I'll hold forever, this a discretionary funds purchase. $0 or $50. 

 
Bought a bunch at......1632 the other day so I guess I can’t complain too much right now. 
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.

 
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.

 
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.

 
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.
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. 

 
I made an offer at 5% over list for a house and lost the bid.

I want to make another offer on a house today in the red hot Round Rock/Austin market.

With the market down for a week and home prices rising sharply, should I risk waiting?

The market in the area I've been looking at has close proximity to Dell, Samsung and apple, which have propelled the growth lately with more scheduled and funded to come.

 
It hasn't been as severe as Q4, but sentiment has completely shifted back to "everything sucks".
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).

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.
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.

 
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'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.

 
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.
I concur on the narrative.  The economy is still humming, so I'm pretty much plugging my ears and hodling.

 
Sand said:
I concur on the narrative.  The economy is still humming, so I'm pretty much plugging my ears and hodling.
Market is already priced for the economy to keep humming along, so what is the catalyst for new highs?

 
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. 
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?

 
The economy is humming?
No economy is perfect.  But, yes, absolutely humming at the moment.

Record employment, low inflation, superb rail traffic, wages the strongest in at least a decade, etc.

(Also, I'm not reading too much into that jobs report due to the shutdown and a couple difficult winter storms.  We'll see how it holds up next month.)

 
The economy is humming? Is this shtick?

No one saw the jobs report?

1100 retail stores closing?

22T debt?
I would guess that retail stores are closing because more and more people are shopping on-line.

This is the part where I recommend amzn as a quality investment.

 
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.
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.

 
ACB up another 13% today. Not sure what I did to deserve that.
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.

 
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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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.

😳
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?

 
AAPL on the move all week. I missed out on the 152ish to 162ish jump earlier in the year but it's now hovering around 183. I'm just riding the wave but it is nice to ride it.

 
Ouch. Sorry.

Now I remember why I stopped trading this stuff.

It could run down one day ... then down the next. Then it goes down again after that.

Then, after months of futility, it comes up enough to get me to take a minuscule profit ... and it promptly rips up 300%  :jawdrop:

TVIX gets me so excited that it gives my middle finger an erection.

 
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.
lol .... ACB, what a run!

up 26% in 2 weeks.

For some reason I'm not even tempted to lock in the $1400 profit that I'm sitting on.

Am I wrong for letting this play out?

 
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For Bonds is it worth getting cute with a specific Vanguard Bond fund or stick with the large BND total bond market fund?

 

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