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02-25-2020, 07:40 AM | #3481 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,088
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02-25-2020, 08:21 AM | #3482 |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
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Pre-market is looking promising this morning. Looking like a lot of folks decided to jump back in at Yesterdays levels.
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Posts: 13,231
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02-25-2020, 01:30 PM | #3483 |
Fish are scared of me
Join Date: Nov 2001
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Drugmaker Moderna has shipped its first batch of a possible coronavirus vaccine for humans to government researchers for testing.
Shares of the biotech company soared early Tuesday, a day after the company said it sent vials to the National Institute of Allergy and Infectious Diseases for early-stage testing in the United States. More than 80,000 people have been infected globally from the viral outbreak that began late last year in China. A total of 35 cases have been reported in the United States. More than 2,600 people have died from the virus in mainland China, including one U.S. citizen. Shares of Cambridge, Massachusetts-based Moderna Inc. jumped nearly 16%, or $2.92, to $21.51 in premarket trading. The stock started trading in late 2018 and set an all-time high price of $29.79 last April, according to FactSet. |
Posts: 40,804
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02-25-2020, 01:42 PM | #3484 |
Andy Reid Supporter
Join Date: Apr 2012
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Bad feeling the coronavirus is gonna hurt the market for awhile. This could be a bad month long stretch. Definitely buying as soon as it starts to clear
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Posts: 47,894
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02-25-2020, 01:44 PM | #3485 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
I'm in. It's still 20 percent below its high, and if they get it right, I'll be rich. Or at least upper middle class. |
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02-25-2020, 03:18 PM | #3486 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
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Quote:
I also think it's possible/likely this lingers over the balance of the year and is a major factor in the election. That isn't good for Trump and probably would play into the hands of a candidate like Sanders who is advocating for universal health care at a time when a lot of people are sick and worried about the cost of coverage. And that wouldn't be good for equity markets either. I very much hope that I'm wrong. Feel free to bump in a year when Trump is president, the virus has been forgotten, and SPX is 4000. EDIT: Just wanted to add that markets have already done a lot of work in this direction. My speciality is fixed income and today we briefly reached the lowest 10y Treasury yield in history. Relatedly, the near-term (say, 3-6m) Fed rate path is priced aggressively but probably pretty fairly given the risks I laid out above. So it’s entirely possible that the market has spent the last two days waking up to this situation and now can find some time to consolidate and see if the worst fears actually realize. Last edited by TwistedChief; 02-25-2020 at 03:39 PM.. |
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Posts: 12,685
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02-25-2020, 05:54 PM | #3487 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Only move I’ve made in drop is buying call options on Silver (SLV) today, 4 months out.
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Posts: 46,088
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02-25-2020, 06:01 PM | #3488 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,742
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02-25-2020, 06:08 PM | #3489 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,088
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02-25-2020, 06:11 PM | #3490 |
Elway be drinkin' again
Join Date: Dec 2017
Location: Colorado USA
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Posts: 4,922
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02-25-2020, 06:13 PM | #3491 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Posts: 43,998
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02-25-2020, 06:18 PM | #3492 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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As a dude that’s lost a mountain of money hedging, but if you’re certain that investors will move their money there within 4 months, just buy the damn contract. It won’t crater bad enough for your margin calls to get out of hand. Thing is if you’re right, you’ll get in the neighborhood of half the money. If it is indeed an “when not if” thing in the next 4 months, just do it dude. Options suck. |
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Posts: 57,742
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02-25-2020, 06:39 PM | #3493 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I know what owning a contract is. I disagree. Im looking to profit without having to expense large positions of capital to do so. I’m not greedy with my call options. I look for a spike and sell to close position for profit. Just did it with SLV in early February for a $250 profit in a few weeks. I’ve closed 80% of the calls I buy for profit as I don’t buy tons of really short term calls and buy many close to in the money. I’ll pay the premium for increased duration and close them on spikes Last edited by lewdog; 02-25-2020 at 07:05 PM.. |
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02-25-2020, 07:55 PM | #3494 | |
Sexiest Athlete
Join Date: Apr 2001
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Quote:
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Posts: 12,681
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02-25-2020, 08:05 PM | #3495 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
But if it really is a when not if thing and your timeframe is 4 months, there shouldn’t be a ton of capital outlay. You can buy positions on margin. That’s why it’s called a margin call when you’re on it. |
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