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03-22-2020, 12:12 PM | #4186 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Posts: 43,008
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03-22-2020, 04:28 PM | #4187 |
...
Join Date: Nov 2001
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Dow Futures tank out of the gate. Maybe it's just a coincidence but these things seem to tank just about every other day during the national press briefing. Might hit another circuit breaker tomorrow. Part of it is not coming together on the stimulus.
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Posts: 55,071
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03-22-2020, 04:28 PM | #4188 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Posts: 43,008
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03-22-2020, 04:28 PM | #4189 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Pretty much instant 5% down.
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Posts: 5,951
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03-22-2020, 04:34 PM | #4190 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I buy SPY on the huge down days and sell mid-late week on up days. It’s my only current strategy along with SDOW day trading on occasion. |
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Posts: 45,746
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03-22-2020, 04:35 PM | #4191 |
Banned
Join Date: Jan 2013
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-900 seems like a good day.
And no, it's not a coincidence. |
Posts: 53,803
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03-22-2020, 04:49 PM | #4192 |
Andy Reid Supporter
Join Date: Apr 2012
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I know this is against liberty and all, but would it really be a bad thing to just shut down the exchange and all trading for the foreseeable future?
I really think there is a decent chance that this lowers the Dow below 10,000 |
Posts: 46,441
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03-22-2020, 05:28 PM | #4193 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I’m not rooting for market decline but I’ll gladly average down in my 401k for money I’m not touching for another 30 years. |
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Posts: 45,746
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03-22-2020, 07:20 PM | #4194 |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
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Futures are limit down.
Like I’ve said for the past few weeks, buy your puts a few mins before close on Friday, cash out at open on Monday. If stimulus package passes on Monday, but calls to sell on Wednesday, puts for Thursday (unemployment numbers out). I bought 10 SPY puts at peak green on Friday when premiums were cheap - should double or even triple my money tomorrow. It’s sad, but it’s easy money right now. |
Posts: 13,207
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03-22-2020, 10:24 PM | #4195 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,032
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03-23-2020, 06:29 AM | #4196 |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
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Welp, Fed just announced unlimited QE.
So that’ll ruin my morning. |
Posts: 13,207
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03-23-2020, 11:19 AM | #4197 |
I'll be back.
Join Date: Nov 2002
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RTTR just jumped 43%
Might be something to watch. |
Posts: 279,742
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03-23-2020, 01:36 PM | #4198 |
I'll be back.
Join Date: Nov 2002
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70% now
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Posts: 279,742
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03-23-2020, 01:45 PM | #4199 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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If anyone has a list of stocks or limit orders to BUY stocks in this market, your best best is to sell NAKED PUTS on that stock instead and collect the huge overpriced premiums due to the volatility.
I'm seeing option prices 5-15x overpriced. If you like DISNEY as an example, the stock is around $84.75 right now. The $80 strike price put for expiration this Friday is $2.75. So you would collect $2.75 or $275 for 1 PUT and if Disney drops enough your net cost would be $80-$2.75 or $77.75 That's $7 less than today and a big move needed from these low levels. |
Posts: 51,032
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03-23-2020, 02:03 PM | #4200 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Someone just bought 9 Million shares of Ford.
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Posts: 43,008
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