/biz/ - Business & Finance

F-fuck Australia. They don't even have fee free trading platforms!

Massive dump before market close. Massive, massive dump.

>>17764369
>Aussie boomers getting baited
Lmao

Why do companies care about their share price? Why does it matter?

Thankfully Australia will save us. Everything is going to be alright.

>VIX 75

wtf

Dow 19,000 end of day tomorrow. Calling it.

Reminder to close your positions at least 2 hours before closing time (honestly closing within the first 2 hours of open is probably the best play).

Last week when we had that 5% green day i told people to sell the rip and they laughed. Now i feel vindicated and smart but also retarded since i didnt follow my own advice.

>>17764432
Care to explain why?

Fuck aussies and fuck algos, I've waiting too long for this.

This isn't the end of the market. This is the end of the dollar.

Australians are merely postponing their demise until Monday. Some fund or another decided to 'bet' that showing a nice little Australia rally would lead global markets to be higher after the weekend. Not the case.

The futures are barely hanging on by a thread.

>>17764432
I fucking hate this new /pol/biz. It fucking blows tbqh

Any Covid cases in india?

I'm guessing coronachan is getting bullied by the dozen literal nurgle plagues ravaging different parts of india at any one time

Hodl until it all bottoms out. When that is, who knows. Although it was mentioned in a previous thread, what are some prime stocks to be eyeballing during this monumental crash? I'm thinking within the next few weeks KO, O, VZ, what are some other sweet divie stocks that are in fire sale territory?

ITS 10 MINUTES BEFORE TRADING CEASES IN AUS LAD

WHAT THE FUCK SHOULD I BUY?

>>17764465
the futures contracts are just bets made by retards

basically all in on UVXY
do i sell tomorrow afternoon expecting a real response that'll pop the markets green over the weekend (for a day or two before the apocalypse returns, obviously)
or do i hold through the weekend in the expectation that COVID mutates or an earthquake sinks LA or something....

I get that canada is a meme, but is there any solid stocks to grab for cheap with dividends? IPL is the only one i've seen worth fuck

More states are closing their schools. I'm starting to regret not getting in on the SQQQ when it was 25.

>>17764440
Probably going to wait until around noon to squeeze what little pump out of my speculative stocks to go bargain bin shopping around close, or wait to see how lower some others will go

Who would go long right now, america is about to be shut down within 2-3 weeks. In california practically every large event has been banned, churches are being shut down, almost everyone who can work from home is. It's shocking the optimism right now. Yes corona virus will be defeated and overcome but that time is not now, we're barely at the beginning of it in america.

>>17764412
1) as a publicly traded company they are beholden to their stock holders
2) some quantity of their own money is tied up in stock, whether as a result of just the nature of issuing stock and the restrictions on insider trading (they can't just dump it all right after their IPO), or point 3
3) Employees (both at the lowest level and the highest level) may have or receive compensation in the form of stock, they may even be given stock as part of a retirement portfolio

That list isn't exhaustive but that's good enough

*Ahem*

I've been around the world
A couple of times or maybe more
I've seen the sights, I've had delights
On every foreign shore
But when my mates all ask me
The place that I adore
I tell them right away...

>>17764475
if we even start recovering in the next month, next earnings season is going to tank it right back down when the lost business of COVID finally becomes apparent

if you want to go long, go for high calls like a year out

>>17764476
A rope

>Dow futures dipped to below -3% and are now green
The fuck happened

SQQQ should be pretty cute tomorrow right? I might queue up some buys before bed

>>17764528
Ausies give everyone neet bucks and saved the world.

>>17764528
Straya shitposted the markets into green.

>>17764504
Been thinking the same thing myself, look out for something big tomorrow like Trump getting rona'd or NYC/any full state going into quarantine. One of those is bound to happen soon and if it doesn't happen tomorrow it will happen over the weekend.

>>17764528
They printed money again.

>>17764528
Dead cat bounce in Australia.

So I know SQQQ is triple leveraged and inverted it's a U.S. based ETF has anyone used any of the canadian variants like HXD, HSD or HQD? SQQQ is up so high and being Canadian it would save me currency conversion plus with our PM's wife and possibly our PM having corona-chan I figure the Canadian markets are gonna go down a lot. Anyone use these?

>>17764522

>>17764524
We haven't even seen oil bankruptcies yet. This ride still has a looong way to go.

>>17764560
Yes I use the betapro etfs on occasion. They work fine. Don't long hodl of course.

>>17764528
it'll last shorter than muh 500 gorillion did

It's going to back down right guys, or do I need to sell my puts first thing?

>only 1.73%
Aussies just baited some boomers

>>17764521
What does "beholden to stock holders" mean?

>>17764455
You might be right and I hope you are.. fuck the dollar.. fucking stupid as fuck... cash is trash

>>17764563
they're going to get a bailout

>>17764593
Any better canadian options? Think it's a decent alternative to SQQQ because I feel unless we get a green day tomorrow SQQQ is too high to get it right now

>>17764554
The old Waltzing Matilda dead jumbuck bounce.

I believed in you Australia, valiant effort, back to our regularly scheduled SPY gap down in the morning.

Defend this.

Why are future traders so retarded? The only reason Australia went green is because they went Yang Gang. That shit isn’t going to happen in the states. They just saw them go green and thought we are going to rally back to 30k tomorrow

>>17764528
It's just bouncing around between 20XXX and 20XXX, don't get your hopes up.

Guys what the fuck is happening

>>17764560
Just be aware inverse ETFs pay a derivative (as opposed to a dividend), so the tax implications might be different for you (for example in the US they can be counted as ordinary income)

BUY WMT (Wallmart) AND COST (Costco) AND KO (Coca cola)

>>17764650
20XXX and 20YYY*

>>17764645
MORE VOLATILITY BABY

>>17764618
An oil bailout with a dem house? Doubt it.

>>17764626
Horizons betapro is pretty much the main option if you want leveraged etfs in Canada. They only do 2x. Now you be very careful about going leveraged short right here. If you're paying attention to US futures right now you will see just how precarious everything is. Market can rocket up in blink of an eye with this kind of volatility.

>>17764645
It’s literally niggers, pajeets, algos and gamblers betting against each other clinging to any scrap of news

Why are futures mooning lmao, shit is getting shut the fuck down.

>>17764626
DEAR ALL LEAFS,

if you are trading US stocks in anything but a RRSP, prepare for the IRS and CRA to tag team your butthole.

>>17764639
AUS managed to steal some of our celebrities by infecting them with a mild form of covid

All you have to do is get a little momentum so that the people who shorted get the fear of god and watch those big profits walk out the door. Theyll start closing positions and it creates a spike.

This shit is way oversold to begin with. dont get me wrong, i think 15k Dow is possible...but were ahead of ourselves here.

I'm young enough that if my stocks don't recover at some point it's because we're living in a nuclear hellscape where people are investing in berries and rocks instead, and I don't need cash. Should I just ride this coaster to the end?

>>17764369
Holy fuck that 6% S&P swing with fed pump at 9pm tomorrow is green.

Because two or three Australian funds had a moment of advanced senility, all COVID-19 should be forgotten. Nobody's falling for this shit.

>Dont Forget!!
shit when is earnings season starting...

>>17764639
a little racist not include African percentages anon

Did you guys see this, that means dementia Joe has it

The cat hit the stairs so fucking hard it bounced a few metres

>>17764682
Yeah I know that but I cant imagine people are gonna wanna stay long on a lot of stuff over the weekend. I'm thinking there will be a sell off. Where did U.S futures finish I was with the family tonight

UMMMMMMMMMMMMMMMM SOMEONE EXPLAIN WHY IT'S SUDDENLY GREEN WHEN IT WAS -2%?!!?!?!?!

>>17764639
>unch
>unch
>unch
>unch
Why are the European markets a gay nightclub?

>>17764673
* 20XYZ and 20UVW

>>17764412
It determines their valuation which is all they care about. That valuation is used in anything from credit lines, buyouts, bailouts, etc.

Futures are going to be shat on when the Australia seratonin-rush depletes itself.

>>17764728
Who cares? Market is going down for another month.

>>17764722
Futures are open and currently up 2.25%

>>17764712
Blacks unironically think they’re immune to this btw. It’s borderline schizophrenic that they think that ancient blacks were super high tech and friends with aliens and that a black scientist created whites as a mistake.

>>17764680
too big to fail
the dems arent all bernie sanders waiting for the collapse. barring a miraculous recovery trump already lost the reelection on this. biden gang needs to somewhat limit the chaos now

>>17764639
I thought everything in australia is upside down?

>>17764668
Explain what you mean dirivitive instead of dividend

>>17764692
Does a TFSA count or just RRSP

Bulltrap.

>>17764717
why post this dumb fake shit
AT LEST PO SOMETING WIF CAP PLANT

Wait
The Senate already went home?!

Can the House and Trump bail us out tomorrow? This isn't going to be another failure to pass TARP... is it?

>>17764669
Holding COST and KO
hands weakening
Globalism is over
KO... is dependent on it

>>17764711
Could be priced in... who the fuck knows...
Big money doesn't wait til the recovery starts to buy the fuck out of stocks.

>>17764717
STAHP WITH FAKE SHIT

>>17764759

lol no

>>17764735
this is a based post

aussie lads .. i had an all in buy order on bboz that didn't get filled because i got cocky and didn't buy when it was -6%

going to regret this when it's +20% monday

STRONG and POWERFUL move, Australia.

>>17764754
Well I guess I'll wait and see if we start red or green. If it goes red I go in on Canadian inverted leveraged ETF and if it starts green I hop on SQQQ after it drops

https://www.bbc.com/news/world-asia-india-51866903
FIRST DEATH IN INDIA, CORONA HAS FINALLY EVOLVED TO KILL PAJEETS
ITS FUCKING OVER, 99% DEATH RATE OUTSIDE INDIA ONCE THIS STRAIN BREAKS CONTAINMENT, .01% WITHIN

>>17764639
Is that mother-fucking Venezuela in green? What the fuck?

>>17764400
The dump in the last few minutes was fucking wild. S&P was testing 2500 for a few hours after the Fed announcement bump retraced, then it was suddenly gone.

>>17764518
>America about to be shut down
>international and local supply chains only going to get worse
>price war in oil that will require a bailout of shale
>liquidity crisis that has been brewing for years
>essentially all of the financial institution bullshit that led to the 2008 credit crisis has cropped up again
>most economic stats like unemployment have been doctored for over a decade to create the illusion of a recovery which itself was an illusion of a recovery from the dotcom bubble bursting which was itself an illusion of prosperity tracing back to things like the creation of the Federal Reserve, the taking down of the gold standard, the switch to service based economy and the outsourcing of actual wealth generation
>student debt, government debt, private debt, debt debt debt
Optimism is delusion

>>17764639
aint afraid of no flu you soft cunts

>>17764756

Today we up and down like a crab on a rollercoaster and close up, but monday, oh monday, we crash through all three breakers so fast it'll make you nauseous. Deutschebank commits fuhrerbunker, triggering a runaway chain reaction. The hypersonic bowling ball hits the house of cards.

>>17764560
If you get a real broker, you can hold USD and you wouldn't have to worry about eating fees for converting currency.

>>17764759
Small shale frackers will gets fucked, the big boys like exxon will be fine.

>>17764811
Wtf I love coronavirus now!

The Japanese aren't falling for the bullshit.

>>17764722
>>17764821
You never know.
If Vlad and MBS work something out over the weekend, a lot of people aren't going to want to miss out.

Will it prevent a recession?
Impossible to say, but I'd bet on no. However it the sooner it happens, the shallower the recession.

Shorts will cover, and we'll get a breathtaking rally like those seen all throughout the 2008 drop.

Bearbros.....

>>17764830
I can hold usd in my current brokerage account I just didnt have any at the moment

I don't know how new you all are but bear markets are notorious for their massive dips AND rips. You all need to understand the mechanics behind the price movement: no short positions to emulsify a drop lead to a meltdown after the final bull has bought. The sudden drop after everyone rushes for exits builds up a massive amount of short positions as the 'boat' tips to the other side, and those shorts then get blown out of the water when buyers step in and a short covering rally ensues. After the shorts are burnt out and the bulls think they are in the clear, the same cycle repeats. Right now, the put/call ratio clocked in a huge number - the same we saw before the December botton. We are about to see a face-ripping rally. Remember even in 2000 we saw a rally as big as 40% after the top was in. It of course was later crushed by more forced selling

Remember this

>>17764761
Kay well first of all remember i'm a burger so I don't know how you people tally up your maplebux to the syrup man.
So whatever shit I link you related to taxes is for AMERICA

https://www.investopedia.com/ask/answers/090415/dividend-income-taxable.asp
https://www.investopedia.com/terms/d/derivative.asp

Stocks can pay you in different ways (some can even give dispersements and in the case of some natural resource companies they can disperse their losses to you as well as a tax break thing) and they may have different tax rules

It'll be red again by 2am. Stinks only go down.

s&p500 needs to hit 2600 before weekend to have massive gains on puts on monday

>>17764776
Coca cola is literally the most popular drink in the world. People would rather die than not have it.

>11.5 trillion in value has been wiped from the stock market
This is misleading right?
Once the stocks bounce back then the value returns doesn’t it?

>>17764853

>>17764639
Upside down graphs

>>17764761
the IRS doesnt recognize a TFSA as a retirement account like an IRA or whatever in the states. >FSAs and RESPs are not specifically for pension or retirement purposes, U.S. dividends received in these accounts are still subject to withholding tax. What's more, you can't claim the 15-per-cent U.S. tax withheld as a credit on your Canadian return; that money is gone. But at least you won't pay any further tax on the U.S. dividends.

https://www.theglobeandmail.com/globe-investor/investor-education/the-super-simple-way-to-invest-in-us-stocks/article28819560/

>tfw my gut told me upro for tomorrow
>buy spxu
JUST

>>17764866

only if they didnt sell anon......

>>17764853
This is why I haven't gone liquid, and why I've been buying SH and not SQQQ. And why I'm still holding gold because who the fuck knows whats going to happen.

People are buying the dollar and all commodities are plummeting in value, shit's nuts. If gold crashes... I might have to go grab some coined rocks.

If green, load up on SQQQ
If red, dump bags

What does "Support" mean? Is it just people willing to buy? Like orders put in at that level?

How can these people fall for the bulltraps when it's happened one hundred times before?

>>17764896
If green, buy puts
If red, buy puts

>>17764862
I agree completely that's why I am long.

But... the end of globalism is a real thing. I'm finally starting to hear the big investment firms talk about it on their podcasts and such...

>>17764905
Imaginary lines

>>17764912
Watching the news

>>17764905
https://www.investopedia.com/trading/support-and-resistance-basics/

>>17764917
140 IQ play here

>>17764369
s&p almost at 4%, Euro markets are turning green, feel bad for guy who shorted India because it's turning green.

>yfw bought 7 $265 calls right before the fed pump, sold at 265 at $3k profit

>waited for the dip and bought 3 $255 calls at $251

were overdue for a bounce. My money is on green in the next few days.

Futures going nuts. Over +4%.

What are the leaf stocks to watch tomorrow for cheapies? Currently only looking at IPL and SES, anyone else watching anything funky?

>>17764756
>It’s borderline schizophrenic that they think that ancient blacks were super high tech and friends with aliens and that a black scientist created whites as a mistake.
its even more schizophrenic that you think black people actually think any of that

you might just be projecting bro

>t. a white person

>>17764875
Ok but I'd only be buying SQQQ which doesnt pay a dividend correct?

>>17764785
my fucking broker wont even let me buy those etfs. pissing me off

>>17764853

Following up on this post, I would also like to mention that statistically, 85% of all options expire WORTHLESS. The reason behind this is usually because the institutions that sell these options also work against them. If I am a bank, and I sell you a put option, I will then do what I can to pump the price of the underlying asset to make sure the put expires worthless and I keep the premium you paid.

>>17764947
has anyone ever closed green after hitting cbs
that's insane
this market is loco ese

>>17764917
>>17764896
If green, exit companies with any debt on their balance sheets whatsoever.

If red, cry, maybe buy a little more SVXY.
Vix has to drop at some point, even if it is at S&P 2000

>>17764761
just do some research on whether holding USD based stocks in a tfsa will save you from double taxation

>>17764905
No you stupid anime slut, it's a literal meme term invented by chartists (aka "technical traders") where you draw different lines on a graph while closing your eyes and repeating out loud "past performance IS an indicator of future results"

https://www.investopedia.com/terms/t/technicalanalysis.asp

Were gonna see SPY at $263ish before we go back down again.

>>17764912
Greed.

>>17764952
Buy Short tomorrow morning. Bullcuks are making it green because some how a stimulus in aussieland means that the bottom has been reached and we are good. Especially since Congress ain’t meeting today

>>17764992
Possible.

>>17764947
this is bear country, bullfaggot. gonna start green tomorrow and last about 30 minutes before DOW hits 19000 by lunch

>>17764983
>>17764941
>>17764931
Wait so is there no real backing to it? It's just imaginary numbers?

OIL IS.... up???

>>17764981
debt doesn't matter anymore because interest rates are zero
don't get spooked

WHY ARE WE GREEN??

>>17764969
If you buy a US stock or etf in a TFSA or non registered account you will have to be 15% tax to IRS( which means filing a special form). You can not get that back. In an RRSP you get a credit for the 15% tax you paid when you sell

Dividends are different. Read that link i posted

>>17764964
Just wait until late Friday. I'm in the Chicago area and household items are getting all bought out. Impossible to find toilet paper right now. Literally all the boomers in Costco were panicking today. Like 4X more people than usual during Thursday at 3PM were in the store.

Saturday and Sunday runs on grocery stores will lead to a Monday bloodbath. Boomers will panic and dump their stocks in their 401K/IRAs.

>>17764912
One day they're going to be right and if you're not in by then, you'll be the one bag holding with your short position or with your cash. This is no longer buying the top, it's at worst buying half way down. If you did the same in 2009, you would be hurting near the bottom but you would rapidly recover. You can also apply leverage so the recovery is even faster.

If Trump dies from Corona, will the market crash even further?

>>17765007
thats what technical analysis is anon

Following the ASX 200 is like following a blind child off of a cliff. One Australian firm made a big buy, the rest followed it like a chain of mindless zombies. Does not change all the bad news that's down the pipeline. Does not change the prospect of the coming Monday.

>>17765041
pay 15%*

>>17764965
I'll be honest as a Canadian I know shit about our own markets

>>17765057
Undoubtedly.
But he won't, he would receive the most care of any patient in history.

>>17765023

fed injection plus strayas

>>17765010
kek true enough but insolvent companies that could implode are too risky for me right now.

So what matters then? What constitutes a "clean balance sheet"? Should I just be looking at Free Cash Flow and HODLing Lockheed since it's got a ton of that?

>>17764939
CNBC keeps telling me "WE'RE NOT DONE AAAAAAAAA"
Just don't listen to random cunts on there to fill time.

Listen up and factor in some of the input when Cramer, El Erian, Dwyer, and some others speak. They're not always right but they're worth paying attention to.

>>17765046
Bingo Bongo.
Also most people who own stocks do not look at stocks every day. They have jobs and lives.

>>17765044

Reporting from in the city of Chicago, same here. Mariano's still has hand sanitizer though.

>Tfw I still have a hand sanitizer combo pack from 6 months ago in my closet

>>17765081
Strayas?

Is that like a drug?

>>17765080
Wasn't there a news about him getting in contact with an infected person?

Am i gonna make it?

Loading up on BP for that sick dividend.

>>17765057
Trump being in office is the only thing keeping this from hitting 0

>>17765041
Fuck I guess I need to put my money into an RRSP tomorrow then

>>17765071
Same here leafbro... We don't have the same kind of coverage like US stockmarket. Is there even a canadian equivalent to the bloomberg network?

>>17764806

>>17765067
Exactly, don't be fooled guys. The worst is yet to come.
I'm not buying until major US cities are quarantined and under martial law.

>>17765007
No, none, and any time someone tries to apply their chartist voodoo to real world happenings they get shrekt.

The ONLY caveat to what I'm saying is an unknown quantity of the automated computerized trading ("trading algos") is done by computer programs written to follow technical analysis voodoo.
And, while algos don't talk to each other or cooperate or anything (yet), their buying and selling dance is like the bee waggle dance that may signal other bees (algos) where to go (or in this case how to trade).

>>17765097
>Up 459%
Looks like you already made it friend

>>17765103
Lol cbc business network but its bushleague

>>17765095
I saw that but we don't know.

They would keep it under wraps if he did I would imagine

>>17764981
VIX is never dropping, UVXY to 200 by april

OHH YESSS PLEASE GREEN DADDY PLEASE

so whats the bets for new market capitalizations of the various nations?

I hate futures. Only because they keep me up all night

>>17765141
I don't think that's correct.

>>17765152

>>17765154
If you're not trading them don't bother. I watch them for fun but if they;re stressing you out, close the damn chart and sleep. Get up half hour before open if you plan to maybe make some moves during the day.

>>17765083
>So what matters then
EARNINGS and earnings growth
the same thing as always

>>17765179
i have done this, this is me

>>17765041
I dont have to pay that tax until I pull out, right? Or do I have to fork up money when it's still a stock?

Tomorrow is a 5% day at least.

>Pulled all of my money out of robinhood becuase I just don't trust them anymore
>Funds finally posted in schwab
>Still waiting for funds to post in TOS and gatsby
>It's basically the weekend and I don't want to baghold until monday in this fucking market

today we take it all back boys

>tfw I finally get it
I know I’ll lose money holding Inverse ETFs tomorrow but the fulll effect of the slow down hasn’t been priced in, amongst other things. I still don’t know how a stimulus from Australia means that the problem has been resolved. Future traders are stupid

>>17765239
30k tomorrow, calling it

>>17765083
Post the rest of the story. Do the chinks end up eating the cat?

>Trudeau and wife self isolate after she tested positive

sorry canada

EVERYTIME IT DROPS -2000 IT GOES BACK UP SLIGHTLY THE NEXT DAY, RETARDS

Coronavirus cases won’t break a million while it’s still the hot thing. It will have been gotten over and be seen as another seasonal virus before then

#Tachyon TBU protocol is capable of
200%~1000% transmission acceleration in centralized network with over 90% connection success
rate in complex network environment

Why is the S&P down but the Nasdaqs ripping?

What did just happen on asian markets? Everything is going up like crazy?

>>17765263
Until it doesn't

>>17765273
Obviously some good news out of Asia

>>17765239
why
did they kill him already?

can imagine how much money you can make with a call on princess cruises.

Buy $1k worth of calls and you'd turn it into $50k lol

>>17765271
nvm i was looking at wrong futures

Go ahead little bull... it's nice and safe in the bag. I would never trap you.

>>17765273
Australia announced a stimulus package that includes Yang Bucks. For some reason everyone thinks that the bottom is here and we are going to go back to 29k

>>17765273
central bank pump (for real)?
this is the top headline for bloomberg, yet the aussies have led this green surge?

>>17765303
i wanna get in the bag
comfy bag

>>17765263
It didnt do that between Wednesday and Thursday....

>>17764508
ENB is a energy company with a solid dividend though I'd defo wait to go in on it cause it's going to crater more probably due to it's Oil/Natural Gas contracts

>>17765303
We have to put bull down, it only suffers... :-(

>>17765294
How turn $1k into $50k?
What if you lose? would mean you have to pay back 50k?

>>17765294
>Buy $1k of trash and it becomes $0 lol

>>17765293
Fucken idiot

>>17765294
Do calls 50x when companies bankrupt?

>>17765322
It's really fucking gross that they're essentially making a clickbait article out of that garbage tweet from that chinese government sponsored shitposter

>>17765294
lmao no that shits over dude

>>17765357
No. You only lose what you pay

>>17765262
Trudy being voluntarily under house arrest is good for Canada as far as I;m concerned. He certainly wasn't helpful on the loose.

>>17765097
how did you achieve this?

>>17765373
This is the journalism we chose.
You could've paid for a goddamned newspaper, but now they need clicks.

Also what are you talking about?

>>17765347
I'll keep it on my watchlist, and read up on it before i go to sleep tonight. Thanks

>>17765381
Why aren't you doing it? and what app/website do you recommend

how do i save myself from the bull trap
what do i buy before market tomorrow
surely no fool is going to hang on to stocks over the weekend

>>17765357
normally not
but YOU would have to
git gud

>>17765357
No, you'd just lose the 1k.

>>17765362
Even a simple bounce is going to $60 bucks. This stock could literally 150% overnight.

>>17765362
show me your gains. I posted mines.

>>17765367
absolutely based

Spend Sohld money on hookers because if your going to die anyway you may as well fuck as many as you can before going 6 feet under.

>>17765393
I bought puts the thursday before the monday crash. Then I shorted NVDA. Then the fed announced rate cuts and fucked me. And then I went hard on the puts again.

catch the waves. Were due for a bounce. So i own calls and will sell SPY calls when it hits $260+

im also a professional futures trader and recently started playing with options.

>>17765411
Could you explain it like I'm 4 y/o?
You buy a call for x stock betting that it will go down y value and then you set the time for when the contract expires? if the stock price hits y value you bet on or even more below you make profits then? how is that profit calculated?

I don't get how you can turn $1k into $50k

>>17764966
https://youtu.be/2mqYGxrDef8?t=409
just one person
also another black guy comes afterwards and says hes stupid for thinking that shit

>>17765394
I'd probably have to skim the archive at this point and all the other clickbait articles naturally refuse to show the tweet.

zhao lijian tweeted or retweeted some angry rant that was like "CDC WHERE IS PROOF ABOUT PATIENT ZERO? US MILITARY PROBABLY BROUGHT VIRUS TO GLORIOUS CHINESE SOIL!!!"

Feel like we are nearing the bottom, maybe one more plunge down on Monday and we are bottoming out.

I looked at buying ibm stock... the dividend is so fucking low...
Even those all these stocks are much cheaper, the gains these things make are so boring and shit who would even buy stocks and why?
You have to wait 20 years to make real money lmao.
This boomer market is so boring compared to crypto.

>>17764369

so, rally/bounce tomorrow again?

>>17765454
>>17765454
Do not listen to this retard. He doesnt even know why the stock is down.

>>17765480
Perhaps.

>>17765476
last dead cat bounce

>finally recovered to break even just before Coronavirus
>now 42% down from initial investment and have no emergency funds left
>don't even want to look at my 401k

And you could have it all
My empire of dirt

>>17765460
every day the evidence that /pol/ was right grows and grows

>>17765402
Who said I'm not?

>>17765494
Aussie rally is starting to falter. Back down to 1.6

>>17765476
Its not over until we get hard numbers on the economic damage.

>>17764416
Is that why futures are up? RBA giving out $9B the local banks?

That feels like such an obvious bull trap.

>>17765514
the numbers are in and it's bad

>finally sold everything and bought SQQQ after hours

>>17765480
fucking hope so.. we need it to go higher so that we can get a position for it to go lower

>>17765494
>last

>>17765294
>buy worthless trash
No thanks anon

Friendly reminder that futures are meaningless once 9:30:01am rolls around

>>17765539
Same, just which I kept my Airlines and cruise puts one more day, but they were already all 150%+

Where do you bros go for up to date crypto info?

>>17765531
Yeah it is. Australia rally so all the stupid future traders bandwagoned it

>>17765539
You're gonna make it bro

wtf is nasdaq doing

go down retard index

>>17765454
Each contract with worth 100 shares.

You have a strike price, meaning the contract is only valid if is above(call) or below(put). There is an expiration which means youre against the clock too so youre constantly losing value to time decay.
So I think stock XYZ is going up. Its currently at $100. I can purchase a call contract for a premium(this is what you pay up front) for any amount. You can buy in the money contracts or higher risk/higher reward ones which are out of the money.

Those contracts are always worth something until they expire...so If i does go up, the contract itself has more value because its more likely or already is valid.

my 3 call contracts are valid above $255 and it expires on 3/16. I bought them because i had a feeling we'd get a nice bounce(were oversold). So if SPY opens at $258 tomorrow, my contracts are in the money and have increased in prospective value. if SPY tanks on opening tomorrow, i lose major value, likely half my purchase price.

Options are no joke and are volatile even in non-volatile markets.

>>17765262
which godzilla is that one anon?

>>17765539

Anon, i....

>india getting back into the green
>aussies still up 4.5%
We're either at the bottom or a decent bounce tomorrow. Fuck I wish I could have cleared my puts expiring tomorrow.

>>17765539
Futures are holding steady at 2.5 which means the dopamine rush from the Australian stimulus is wearing off, and the Europeans are waking up soon

>>17765574
nasdaq will never ever fall below 7200 ever again

>>17765556
They also pay a pretty fat dividend too.

At some point you have to ask yourself, will princess cruises EVER be worth more?

Its a fucking 4x with a 8+% dividend. GTFOH. Buying $5k worth of it tomorrow.

>>17765367
>all this shit
meh, im over it
its just a flu bro
call me when they kill mr high roller towelhead
shit aint going anywhere till hes out of the picture

with all the politiicians that got it, its got me thinking tho
if it kills drumpf, pence, AND pompeo somehow, next in line is motherfucking nance "option memeslingin queen of wall st" pelosi
that bitch is literally /smg/ tier in terms of options
unironically /our/ girl

if we get nance, the numbers will go up

Beware

>>17765559
That iteration of the memetic pictorialization representation of the virgin/chad antipodal juxtaposition is pretty kino

>>17765411
Whats the financial instrument where you can lose a fuckload more than what you paid initially?

>>17765559
Explain

>>17765478
options and leveraged derivatives are the only way to make money

spy will skyrocket. cant wait for market to open.

5K in SPY calls. Lets go.

>>17765494
>2.5%
is this is the best bullfags can do?

>>17764369
THE OFFICIAL /biz/ DISCORD LINK IS:
discord gg XeY9zy
Join, we are currently talking about the economy shitting itself

>>17765539
IN MY OPINION:
While I said you're gonna make it, just so you know it *might* be a cat bounce so technically you may have been able to buy in at a better price
and you might end up tempted to sell rather than hold over the weekend, but if you actually believe this is the great downturnening, you'll be up in the short term (as in next monday on)

That said, I'm in cash

>>17765666
hail trips

>>17765610
Why would us bears beware? You're not a bull, right?

>>17765666
Checked. They're desperately grasping at whatever they can after yesterday's historic plummet.

>>17765651
I kinda hope it does so I can load up on SQQQ, SRTY and HXD over the weekend when New York quarantines will be declared

>>17765638
He means the S&P 500 futures are a meaningless indicator during normal trading hours.
It's kind of a truism though, possibly even an aphorism

>>17765659
And I have 5k in spy puts
One of us is guaranteed to make bank fren
Tomorrow Futures got me spooked but I bought a week out and am planning on holding through the weekend

>>17765596
This was bottom for the US. DJI 1200 below 2018s dip after being up 7K from then. It will probably crab for as long as Coronavirus is still seen as a major problem in the US (I don’t think it is, give it 1-2 weeks, end of March at most) then afterwords climb again. Should see a big summer coming up.

Will Friday's drop beat Thursday's?

How the fuck do the indians hit a circuit breaker in the first hour and end up going almost positive? Especially since they're starting to lock everything down.

>us futures up
>vix also up
lol
what a fucking clown market

also said futures starting to trek down again, asian markets lucky they closed while the pump was in

>>17765729
It's tempting to screenshot you but I wouldn't want people screenshotting the dumb things I've said so I won't

>>17765681
>discord
This is not reddit

DOPAMINE RUSH IS OVER

Just woke up. Why did futures and Asian markets bounce?

>>17765709
Dont forget Germany quarantine.

>>17765717
Or a retardadism

>>17765729
>this was the bottom
>domestic flights still exist
pick one

>>17765768
this too, and france

>the entire nation-state of Australia waking up tomorrow morning

>>17765763
Aussie NEETs got $750 each, recession is cancelled.

>>17765763
Aussie stimulus

Futures are slipping again though, they were at 3%

STEP THE FUCK UP /smg/

https://www.youtube.com/watch?v=w2DYtTZRcAk

>>17765752
What’s so dumb about it?

>>17765774
France announced all schools closed today near market close. He also said don't be racist and more gibs.

As a canadian wanting to avoid US tax's, is the HED basically the canadian SQQQ?

>>17765780
>>17765781
>Australia
Lol bulls are desperate. I wish I was awake I could’ve made some money on that

>>17765789
>this is the bottom for the US
that part

>>17765709
what about the fed stimulus that'll boost over the weeend?

>>17765720
depends on expiration. there are scenarios where you both win. good luck boys

I cant fall asleep anons

who else here eschewed SQQQ and gone straight TVIX this past week?

>>17765630
Selling call options.

>>17765821
so far the Fed has put literally apollo program levels of liquidity into the market and gotten literally fuck all for it

well should probably be time for bed, better start packing a bowl

>>17764756
>Blacks unironically think they’re immune to this btw
100% this. Half of the black people I know (one) touts this every time

IT'S OVER BOYS

https://www.youtube.com/watch?v=BDRyXfvKxWQ

https://www.youtube.com/watch?v=BDRyXfvKxWQ

>>17765860
Futures are green anon

Its not even about this being the bottom...

its about the shorts seeing profits walk out the door and closing positions and creating massive buying pressure. Its never linear.

>>17764756
Yep, a black girl told me black people were immune the other day, it's cringe

>>17765845
it's the proposed stimulus not only in the house but with europe, macron is setting up meeting tomorrow

>>17765845
bears will tell you
>BBBUT its being dripped in at 175bil a day
or some nonsense

>>17765476
>Feel like we are nearing the bottom

based on what?

>>17764369
who else has round tripped MRO like half a dozen times this week for some easy gains?

>>17765852
is there a 3x inverse Black ETF i can buy?

>>17765894
Coronavirus isnt going anywhere anytime soon

>>17765904
short KFC, gas stations, payday loan markets, makers of malt liquor

>>17765818
Do you believe in another 20% dip before anything shows life? I’ve heard that but I don’t see it. It’s be nice if you contributed what you thought so an actual discussion could take place. I’m not saying that it’ll be all up from here, I guess what I meant is that I don’t think we’ll see a day worse than today, maybe 5% down Monday after a Friday that’s barely green. There was so much negative news around the US today and outside of catastrophic Coronavirus numbers the news won’t get much worse.

>>17765877
>massive buying pressure

Everyone knows this shit will be - 50% when a major urban area in the U.S. is quarantined. Until then it's linear. The only thing people are buying is shorts.

>>17765742
You might get better results asking 6 hours from now when more people are on, someone that follows the indian market might respond

>>17765789
Well first you used past performance to indicate future results, then you said a virus with an incubation period of two weeks, but people who are infected now will not show up until two weeks from now and while there were big steps taken (like the ban on large gatherings) you won't see the positive effects of those measures until AFTER the people who are sick now show symptoms
You also said "big summer" (which I'll assume means a summer to the plus side) but that assumes the market doesn't get "surprised" by the bad earnings everyone is going to be showing (and yes, in theory it should be priced in, but then so should all of this).

And finally, it's only "dumb" if you're wrong; if you're right you're a genius and a saint

Where's the 3% Futures, anons?

>>17765630
>>17765841
Writing options for shares you do not own.

>>17765735
No I don't think so. It may even close green.

>>17765789
Corona-chan is just getting started in the US, China is taking longer to restart than early delusional optimistic expectations, we're 100% on the early days of a global recession. The idea that all THAT will only trim 25% off a ridiculously overvalued market is laughable

>>17765916
the Snapening is upon us,
What will happen when the EBT cards stop working?

>>17765788
>guy screaming at phone in the middle of intersection with a stack of papers in a suit
just a normal day in LA

>>17765476
>borders not closed yet
>most states havent even banned large gatherings yet
>still in the early stages of infection here anyways
>not even remotely close to seeing the effects of the underconsumption it will cause

first bottom is in 2-4 weeks @16000, then it crabs till the next earnings season when we see the DOW crash to 12000

>>17765922
This thread is clearly evidence that

>The only thing people are buying is shorts.

is untrue.

>>17765932
18000 is the actual mean WITHOUT corona chap priced in, could go as low as 12000 buckle up boys
8000 in 2008 wasn't too long ago

>>17765860
based vid

>>17765919
I'm looking purely at external forces here, mainly coronachan. It's getting worse, America is not preparing properly, even Fauci is saying it's fucked; but the markets don't seem to have priced in the fact there's ALREADY hundreds of thousands of cases in the US.

>>17765610
knew id seen this episode before
>bubblebubblebubble
>i luv bubblaaaaaaAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAaaaa
>oh shit lol that was crazy
>bubblebubblebubblebubble
>yea we did it leddit such wow zomg
>[fed pressing random buttons cuz shits still totally fucked]
>inb4 global fucking credit crunch
>-10000000000000000000%
>fed calls up pres:
>"ummmmmmmmmmmm soooooooooooo"
>lol no worries m8
>911
>[bombs literally fucking anyone competing with petrodollar]

need new script writers desu

>>17765926
Gone forever

>>17765927
Yes. Thats what I meant by "selling calls" which only cash backing the sell.

>>17765588
The new one, Shin Godzilla. Good watch, in some ways it comes closer to the spirit of the original than any other Godzilla movie

$700k in cash
$1m in puts

If we dump tomorrow I sell puts
If we pump tomorrow I buy puts

>>17765849
holy meme lines

>>17765763
Asia dumping as we type. Along with us futures. Bobo shall rule today as well.

Futures falling quickly

>>17765928
Closing green? Don't know about that.
It was 5% earlier, I'm sure it will slip further.

>>17765964
oil's so cheap no one needs any more USD anymore, the supply already outside the US can buy oil for the next zillion years. Rest in hell USD

>>17766019
not all of them are holy my fren

>>17766046
>5% to .5% in hours
bullfags utterly unequivocally BTFO

NEW NEW NEW

>>17766067

>>17766067

>>17766067

>>17766067

>>17766067

>>17766067

>>17765575
Dumb question, but if it expires 3/16 does that mean at the end of the trading day on the 16th it closes out at whatever profit / loss your at. Or at the beginning of the 16th?

>>17766160
When an option expires, if the price of the stock at the close of the day is higher than the strike price of the option, its automatically executed and you will buy 100 shares per option.
Obviously, if you can't afford 100 shares per option, you need to sell the option before the end of the day.

>>17765709
>HXD
Typo? Can't find that one.

>>17765327
Exit bag