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9 minutes ago, Tailgate said:

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Holding steady and will try hard not to peak until after the nukes clear.

What a coincidence... the market is trying hard not to peak as well!

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  • That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

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1 minute ago, Wally Fairway said:

Not if you are playing in the short side of the market.

i closed my short on SPX and NDX at a scratch, and flipped long on SPX right when i thought everything was turning around.

Then SPX dropped 60 and NDX 400 points.  So not only did I miss out on those movements, i got raep on the opposite direction.

was assuming that all the russian shock headlines had already been absorbed and priced in...

5 hours ago, 52-80 said:

was assuming that all the russian shock headlines had already been absorbed and priced in...

yeah....about that.

image.png.58a0ad5eca80bb85c21774bfa41b25d1.png

I bought some SPY puts expiring Fri and Mon, probably didn't buy enough. 

i really like shit up my butt, but usually sexually, not financially 

6 minutes ago, ATexanAbroad said:

i really like shit up my butt, but usually sexually, not financially 

Shark Tank Writing GIF

I'm going to bite off some chunks today of SPY and few other positions that have been hit hard, which probably means that this shit in Ukraine gets totally out of control and the stock market will be lucky to live through it. 

checks portfolio and starts with energy stocks (I see you, LNG)  and SPY puts 

Looking good , Billy Ray! | Mens sunglasses, Billy ray, Mens fashion

checks everything else

baby-run-omg.gif.924e77657b1ea36286c567f93c3aee94.gif

48 minutes ago, Anastasis said:

I'm going to bite off some chunks today of SPY and few other positions that have been hit hard, which probably means that this shit in Ukraine gets totally out of control and the stock market will be lucky to live through it. 

I'm looking at BA, they are off the war machine and could generate orders, it is about 40% of their revenue

To me this seems like a perfect opportunity to sell covered calls except I do not know how to do it! :).

If you want to protect your shares in AAPL, COST, CVX or LYV where do you set the futures price.  Above the current price or below a few spots from the current price assuming three months out?

Web pages served by Cloudfare are having a difficult time this morning.  Flightradar24 a classic example.

39 minutes ago, BevoSwag said:

To me this seems like a perfect opportunity to sell covered calls except I do not know how to do it! :).

If you want to protect your shares in AAPL, COST, CVX or LYV where do you set the futures price.  Above the current price or below a few spots from the current price assuming three months out?

If the  price of the underlying stock is above the strike price of the call option at the expiration date, you would have an obligation to sell your shares to the holder of the option at the strike price. I would make sure you fully understand your obligations when selling covered calls. 

https://www.investopedia.com/articles/optioninvestor/08/covered-call.asp

 

2 hours ago, Blotto said:

If the  price of the underlying stock is above the strike price of the call option at the expiration date, you would have an obligation to sell your shares to the holder of the option at the strike price. I would make sure you fully understand your obligations when selling covered calls. 

https://www.investopedia.com/articles/optioninvestor/08/covered-call.asp

Or takes a while, and some cash you can lose, to really understand how options work and how they are priced.

Yesterday I sold some of me expiring SPY puts to early and the market feel late in the day; today I didn't sell my 2/28 expiry early enough.

My best advice is to take gains, and cut losses, and whatever you do don't hold to expiration unless you are covered. 

I've almost got caught holding some calls that looked like they would expire out of the money. I'm the last 1/2 hour the stock went up so they were pennies in the money. Had I not caught that move and sold at about 2 minutes before the end of the trading session I was about to buy $45,000 at a price $300 under  market value. Except I don't have 45G's just laying around (not Surly 1%er).

Proceed with caution

I did this really fun thing at looked at my portfolio todsy.  That was fun 

53 minutes ago, Wally Fairway said:

Or takes a while, and some cash you can lose, to really understand how options work and how they are priced.

Yesterday I sold some of me expiring SPY puts to early and the market feel late in the day; today I didn't sell my 2/28 expiry early enough.

My best advice is to take gains, and cut losses, and whatever you do don't hold to expiration unless you are covered. 

I've almost got caught holding some calls that looked like they would expire out of the money. I'm the last 1/2 hour the stock went up so they were pennies in the money. Had I not caught that move and sold at about 2 minutes before the end of the trading session I was about to buy $45,000 at a price $300 under  market value. Except I don't have 45G's just laying around (not Surly 1%er).

Proceed with caution

Yesterday at market close, I bought some 400p/440c SPY strangles expiring Friday for $.29. Sold the puts this morning not too long after market opened at $1.20 and obviously the calls arent really worth shit. Also bought some Monday $400p for $.45 and sold a quarter of them at $2.30 to get my original investment out, but rest of them are heading back to the original purchase price. I guess I'll hold onto them as downside protection at least through Friday. The old me would still be holding every one of those contracts thinking I had a few days to go. 

Edited by Blotto

11 minutes ago, Sgt Hulk said:

I did this really fun thing at looked at my portfolio todsy.  That was fun 

nooo GIF

Honestly, things not as bad as I feared.  Is this the right time to YOLO?

 

I bought PNC earlier this month thinking low PE and great free cash flow was a nice spot.  Wrong so far. 

Damn. Was head down in calls all day and checking in now and everything is green. What happened? No nuke Thursday I am assuming. 

Putin went to bed and quit fucking with the markets about noon our time

17 minutes ago, Anastasis said:

Damn. Was head down in calls all day and checking in now and everything is green. What happened?

this happened

1 hour ago, Wally Fairway said:

 

Me still holding some puts,

i bought some too

One hell of a rollercoaster 

DOW went from down nearly 900 to up 90

NASDAQ down 300 to up 435

S&P down 90 to up 65

Oil was up to $100 at one point and closed just $1 higher at $93.

Gold went from $1910 to $1973 to $1904

One hell of a rollercoaster 
DOW went from down nearly 900 to up 90
NASDAQ down 300 to up 435
S&P down 90 to up 65
Oil was up to $100 at one point and closed just $1 higher at $93.
Gold went from $1910 to $1973 to $1904

It’s almost like you shouldn’t try to trade markets and just stick with long term asset allocation plan.

#retiredoldguy


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2 hours ago, Shaggy3.0 said:

Honestly, things not as bad as I feared.  Is this the right time to YOLO?

 

It's always a good time to YOLO

1 hour ago, 52-80 said:

this happened

i bought some too

Well I thank you fellas for your service. Spread some SPY LUV and DAL across the accounts this morning. 

23 minutes ago, Cheeseweasel said:

It's always a good time to YOLO

 

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24 minutes ago, Cheeseweasel said:

It's always a good time to YOLO

You can roll a YOLO to your friend ...

39 minutes ago, txduck87 said:


It’s almost like you shouldn’t try to trade markets and just stick with long term asset allocation plan.

#retiredoldguy

Ok dad. 
 

but in all seriousness I might be closer to retirement sticking to that plan. But dat dopamine rush doh. 

How the fuck is the stock market up on a day like today? Is this the doings of the “plunge protection team”?

7 minutes ago, XYZ said:

How the fuck is the stock market up on a day like today? Is this the doings of the “plunge protection team”?

1 explanation could be short-covering.  some people been short since start of year buying-to-close (=covering) to take profit.  other people piled on the shorts (too late) on the basis of the war, and caught offside in the squeeze up, and were forced to cover.

 

lots of different dynamics, this can be 1 of them.

12 minutes ago, 52-80 said:

1 explanation could be short-covering.  some people been short since start of year buying-to-close (=covering) to take profit.  other people piled on the shorts (too late) on the basis of the war, and caught offside in the squeeze up, and were forced to cover.

 

lots of different dynamics, this can be 1 of them.

That fit in with my scenario, where Putin has been shorting the market and now he has to cover to take his games to pay for his war.

3 hours ago, Blotto said:

Yesterday at market close, I bought some 400p/440c SPY strangles expiring Friday for $.29. Sold the puts this morning not too long after market opened at $1.20 and obviously the calls arent really worth shit. Also bought some Monday $400p for $.45 and sold a quarter of them at $2.30 to get my original investment out, but rest of them are heading back to the original purchase price. I guess I'll hold onto them as downside protection at least through Friday. The old me would still be holding every one of those contracts thinking I had a few days to go. 

Not so fast my friend!

It looks like you may be able to get some value out of those calls after all

11 minutes ago, Wally Fairway said:

Not so fast my friend!

It looks like you may be able to get some value out of those calls after all

 

Optimistic Wally is my favorite -- needs an investment strategy youtube show

flat,550x550,075,f.u13.jpg

Ok dad. 
 
but in all seriousness I might be closer to retirement sticking to that plan. But dat dopamine rush doh. 

Yep. I totally get it. Did my dopamine rushes in my 20’s and 30’s. Spent most of my money on women and wine. And the rest just pissed away[emoji3][emoji3].Then Quit dicking around in my 40s thinking I was smarter than the market . Retired at 55.


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35 minutes ago, Wally Fairway said:

Not so fast my friend!

It looks like you may be able to get some value out of those calls after all

I sold the calls in the afternoon for .15 (entry price was .14 per contract) as I dont expect SPY to approach anywhere close to 440 tomorrow. So the net trade was really just the puts side which was a .15 entry and 1.20 exit. Not too shabby.

Gotta hit a few 10 baggers to pay for the ones that go sideways. And I have plenty of those as well. 

 

 

Edited by Blotto

1 hour ago, txduck87 said:


It’s almost like you shouldn’t try to trade markets and just stick with long term asset allocation plan.

#retiredoldguy


Sent from my iPhone using Tapatalk

Ding, ding, ding

4 hours ago, Storm the Field said:

One hell of a rollercoaster 

Almost like the PPT was try to keep the markets calm.

 

1 hour ago, Superhero said:

So… when and how do you buy Russian stocks?

RSX etf

So what happened 3 hours ago to boost the future?

Asking for a friend who is trying to clear out an open position in near term SPY, close to ITM, puts

11 minutes ago, Incredulity said:

No nukes got launched?

not until wally buys the NUKE puts

5 hours ago, 52-80 said:

RSX etf

Up 7% so far. Looking at the chart, it looked like it started dropping when the troop build up started.

Any reason not to dip my toe into it at some time?

12 minutes ago, Superhero said:

Up 7% so far. Looking at the chart, it looked like it started dropping when the troop build up started.

Any reason not to dip my toe into it at some time?

i did that on the chinese stuff (kweb, baba, jd bidu, etc) and got blasted.  and they werent even in a war.

my bad though - it did take a NICE bounce but i was greedy and held for more before it continued plummeting

9 minutes ago, Make em eat Taco Bell said:

the opportunity to buy is over for now.  Curious as to why it's up so much today.

No joke.  I am thinking about just unwinding the positions I took yesterday AM and pocketing the money cause this all feels illogical. 

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