/biz/ - Business & Finance

Hey Jerome!

>>17923260
WHICH GATE DO WE CHOOSE AHHHHHHHHHH

https://www.youtube.com/watch?v=Kp2JBhhDJ-w

>>17923273
BUY AMERICAN BEEF
HIRE AMERICAN BEEF
GRILL AMERICAN BEEF

>>17923281
Just buy pay puts nigga

Give it to me straight, can we potentially see a global economic collapse? Or will it be just a depression/recession?

I forgot the old and busted. It's here >>17921109

VIX PUTS? PLS

>>17923314
Hell is coming.

Is there any chance it'll crash lower than where it is today?

THESE FUTURES ARE TOO GREEN FOR MY TASTE

>>17922282
Cool, Burry says something not retarded for once in a decade

>>17923314
"Capitalism cannot work in a 18 period shutdown. Period. It can work in a 30 day shutdown. Take a spring break." - Ackman, 2020

>>17923314

More people will die from food riots than the virus itself

>>17923337
It's always green after a big drop

We actually reached the bottom this time, bros...

oil has no where to go but up

>>17923314
depression would imply a global collapse. and yes it's very possible. stock market crashed at this speed for 70 days in 1929, and then it recovered 50% of its losses followed by a 3 year bear market that reduced the dow jones index by 90%

Hey /smg/. Any ideas to make some money during the quarantine?

fucking hell my IB account still not activated yet, these sons of bitching aren't bothered.

How hard is it to be european and open an account. Any other recommendations? i've been waiting 3 days now...

should i invest in military company stocks seeing as WW3 is coming?

https://www.cnn.com/2020/03/18/investing/nyse-electronic-trading-coronavirus/index.html


HOLY FUCK ITS ACTUALLY HAPPENING

>>17923343
he's been bullish on "japanese midcaps" since last year... he's been very very wrong so far.

We're getting dangerously close to the first minor trend line on the S&P.

>>17923383
To become the strongest investor of all time

>>17923391
As discussed in previous thread this makes zero difference to the market.

>>17923391
so what? all the critical trading has been done electronically for a long time now

>>17923378
Degiro? Took me like 3 hrs and instant money transfer 2k.

>>17923359
And the world still exists. Recessions are supposed to happen.

>>17923321
Nah senpai
VIX calls

Experienced anons are betting on 3x US Index crude oil stocks - Mainly GUSH and UWT. You can get some, but just for some safety and far more stable returns there is XLE, USO, or XOM. I recommend just stock up on 50-50 GUSH/XLE. Other anons will have different opinions but this should get you started at least.


Now go and do this shit.

TP is the new "coin". PT is a close 2nd. Here we are 3 months into this shit virus situation and look at the state of things. We're fucked if this lasts even 6 months. We're almost fucked now.

So my theory is S&P 500 touches 2060 or 2050 and bounces back into a 50% recovery of the losses. After that, if we have a recession it will recover over time, if we have a depression the 50% recovery will very slowly decline (over at least a year) to just above 1400 before the depression ends.

>>17923401
can you explain this meme line bullshit? like do you just open ms paint and draw a line? what if my line has the exact same slope as yours but it's 10 pixels lower?

>>17923435
>better spew out random numbers to look cool in front of my internet friends

>>17923356
Oh you'd be surprised.

>>17923400
Because hes a fucking idiot but the Nikkei will be pumped to 40k eventually by BOJ no doubt

>>17923449
What's the point of this post?

>>17923413
I have a giro account but it looks so slow and cheap, but low fees though. do you recommend it, how is it so far? i want to option trade btw.

>>17923260
>Sell puts on red days, buy new puts on green days
Pump and dump this market to zero.

Why did SNSS Anon stop posting here?

>>17923314
Not collapse, where's the fun in that? In all honesty, do you really think this system got built by them to become extremely rich and powerful, just to have everything turn useless after a few decades? Like I posted in the last thread, people with the big money are currently fighting by trying to buy into large companies in hope of gaining a majority.. would they do this if the world as we know it was ending? Fuck no. Now.. it doesn't mean we will recover like nothing happened since we might still see an actual recession, but everything will recover in time.

>>17923431
is this shit serious, GUSH has lost over 99% in 2020 and UWT like 97%?

why TF wouldnt you buy this for literal pennies per share, oil can't stay $0 forever. There's nowhere for these to go but up

>>17923482
snss turned out to be a pile of garbage like every other bio pennystock shilled here and he got btfo by the thread

>>17923482
killed himself after losing everything

>>17923471
same as yours, nothing

>>17923435
Everything after 2008 was a pump. We are looking at below 1000 level here before it bounces.

>>17923482
bankrupt (press F to pay respects)

>>17923506
Finally some thinking

>>17923471
He's calling you a faggot without calling you a faggot, you faggot

newbie, just started stocks with tvix, I'm down 3k. I'm thinking of dumping all my money into sqqq to recover my loss over time..
wat do?

>>17923378
Degiro? Took me like 3 hrs and instant money transfer 2k.

>>17923478
>>>17923413 (You)
>I have a giro account but it looks so slow and cheap, but low fees though. do you recommend it, how is it so far? i want to option trade btw.
Works perfectly. The speed is quick..cheap prices. I was licking making gains with tui (15 percent plus) and Deutsche Bank.
US stocks are like 50 cents plus 0.08 percent fee. Very easy. I'm going in with 30 percent of my savings. If we decline recession I think I can double my starting money.

Back to degiro. It's saved up by a fond.
Try it, better than those shitty trade republic shit and not too special

>all futures red except the s&p
Oh boy. Are you ready for another Fednigger pump?

>>17923554
Smash your head into a brick wall repeatedly

>>17923506
Yeah I asked in the previous thread wtf happened to GUSH. What impacts its price? Is it only related to murican oil companies or oil trade in general?

>>17923566
Everytime I know the pump is coming I bitch out because I feel like they're gunna switch it up.

>>17923173
France, China (Manchuria or Wuhan funny enough), Austria (austro-hungarian empire), and Kansas are the 4 most widely accepted plausible places where spanish flu began

impossible to know for sure without a time machine tho

>>17923506
>GUSH
Holy fuck why wouldn't anyone buy call options on this years out?

>>17923554
You won't make that back and were heading into depression.

>>17923603
What the hell? I might as well throw a dart on a map.

>>17923440
Anyone trading the S&P is going to be watching these 2 for some indication of a trend change because they're so obvious. Maybe large shorts would start to cover once we get above it. Maybe more shorts would come in once we hit it or longs might start to press their position to break above it. There are general guidelines but generally you would draw a trend line from the peaks that best fits the most candles. 10 pixels could make a difference, but ideally you want to be looking at the same line most people would draw. For one other example, look at the horizontal level at 2550. That's certainly an important level.

Alright, I what should I place calls on?

>>17923356
That's what I thought a week ago. Having said that I'm up 38% on my GUSH that I'm bag holding until tomorrow

>Futures already back to <2
Ohnononononono Moomoobrehs it was our turn

DIS @ $50 odds are increasing. (fell to 88 today). Hope it happens right when my 1000 check from the govt lands in my mailbox.

>>17923554
>just started stocks with tvix
TVIX isn't even a stock and part of me wants to laugh at you. You must have put a lot of money into a total gamble you knew nothing about to lose 3k.

I hope you're trolling.

>>17923506
You guys are buying stuff like USO or GUSH instead of actual energy companies, right? I'm still bagholding MTDR since 2.30.

FYI: Bitcoin is mooning.

>>17923669
>buying calls
nigs you should be selling puts if anything.

Is anyone really an option buyer right now?

>>17923672
Does GUSH even go up on green days? It kinda looks dead and pathetic for the time being.

>>17923554
Don't be a dipshit and panic sell your put when you know the market volatility is going to go up as shit hits the fan.
Any puts can enter red for a short time before finally going green. Its just the nature of stocks not dropping all the time. Sometimes they'll go up a bit before dropping further.

>>17923482
mark s. sticks to posting on stocktwits where he gets upvotes instead of challenges to his opinion

>>17923706
GTFO cryptofag.

>>17923684
I'm doing both. I'm bag holding XOM and losing hundreds and thousands on it. MRO too. It's been depressing. But I'm long. I'm surprised how well GUSH has done for me today. Let's hope it continues tomorrow. Got some UWT too

I still don't get it, why the fuck doesn't everyone just throw $1000 into a GUSH option a couple years out? What am I missing? That's literally exponential gains according to optionsprofitcalculator

>>17923712
Theoretically.

>>17923731
XOM and CVX fucked me up, I thought nothing could beat my KHC blunder but surprises happen

>>17923744
Because they are anti American

>>17923752
>It actually goes up on red days
Dafuq.

>>17923708
Well first I need puts to sell and I ain't buy puts unless that shit is deep red
>>17923730
Tribaistic and retardpilled

>>17923744
Go for it. It could be a kingmaker for you.

>>17923713
This, honestly when I invest in options, I consider that money gone. There is no selling for-10,25,50 even 90%. In this fucking volatility I'm going from being up by thousands of dollars to down by thousands of dollars in 2 hours spans. Trading options right now is not for the timid or the weak handed.

>>17923772
Buy CVX at $40. You heard it here first.

Seriously though; do you really think the U.S could stand another 3 months of this shit? By the look of it now, hell no. To say nothing of waiting a year for the supposed "cure" to be done if they go by the book. If this lasts 3 more months we're fucked in almost every way.

>>17923713
my tfsa won't let me do options, I don't really know what to do now since I borrowed like 5k from my sister... I just wanted to make some money to buy a new cheap car

>>17923772
Same. Not as bad as the few shares of RDS.B and BP I have though...wow. Would not want to be heavy in those. It'll come back. Good time to long oil right now.

FUTURES... are green????

>>17923778
I can't believe this, wtf

>>17923554
Newfags should just accept they are missing out this crash. You should have started 6 months ago at the least. You aren't going to get any money from this. You lack knowledge and psychology to withstand volatility this high.

Bros, help me out.

I have almost no confidence in my stock picks despite being 100% boomer tier blue chips. Look at oil or what happened to Boeing. You can't predict when a black swan is gonna wreck one of your holdings. I have seriously considered switching into index funds even tho I know it's a basket of mostly losers.

Do you have any advice or stuff I could read to soothe my nerves?

>>17923630
3 main ones are chinese immigrants working on austrian eastern front, or american GI's brought it to France, where it exploded out to the world

If I were a betting man id say China was the origin, since it hardly effected the coastal chinese cities of Macau and Hong Kong, and Beijing, but to say that statistics for the interior of china are lacking would be a massive understatement, so who knows

There are signs that if it did start in Kansas, it could have been from Chinese workers, like the Austria case, but again its all speculation without a timemachine to actually go and check

Spanish flu's earliest cases are on 3 different continents within a week's time though, so yea its a guessing game if you "must" blame one origin location

also Spanish Flu spread EVERYWHERE, like independent researchers in Antarctica with no outside contact got it for fuck's sake

>>17923799
I don't want to worry you but if corona is real, it hasn't even begun in the states. If commiefornia goes into lockdown, which it will, we're going to see levels of red never before seen on the stock market.

>>17923813
Volatilty dies down after a market crash. I would wait until next month before doing any moves.

>>17923506
It's like penny stocks, but with options!

>>17923813
You think tech (FB,GOOG) is really impacted by this?

>>17923744
Why not just all in buddy?

>>17923813
Wait for dow to hit 18000 and buy msft ie apple

You guys all shorted TSLA at $900 right?

>>17923431
Speaking of which, leafs should be aware that Horizons is doing a split on several of their 2x leveraged commodity ETFs over the weekend. If you bought HSU, for instance, it's going to show up funky in your portfolio on Monday. It will still be tradeable but you may have to enter the ticker manually on buy/sell.

>>17923813
Invest in companies you think are cool at want to learn more about. If you invest in boring shit you won't dig into the details.

>>17923744
>What am I missing?
that website assumes the greeks have constant values, when they are anything but constant

Theta is probably going to rape you, but there are a few ways it could go

>projecting a higher ordered system of equations onto a 2d graph and expecting to see all the variables
this is why options are not for everyone

What's a good trading app for euros? Is something like plus500 OK?

i wanna buy into the djia index funds now that it dropped(maybe wait 2 more weeks) but am dumb
what website or app do you all use to invest ez?

>>17923813
It could go up before shitting the bed again, have faith.

We got too cocky bears

>>17923877
Pardon; HOU.

>>17923809
cryptobros have been through way way worse. Anyone that has been trading crypto since 2017 at the latest is well versed enough to navigate the boomer stock market. They just have to learn the basics of the system not day trading/psychology which they already have on their resume.

Anyone else think TVIX is gunna break $1000 on Friday?

>>17923852
Because it seems to good to be true

>>17923882
> By the time you even solve it all the data is worthless
Shiggy diggy

>>17923744
I don't understand why GUSH is being shilled by that one guy lately. It's like he knows people don't do their research and realize that an inverse split is coming on the 24.

>>17923744
because $1000 turning into $10k doesn't actually do anything for me. i dont like buying lottery tickets. people should have a plan and scale into broad index funds, that is if you have a big boy account.

>>17923744
GUSH fucks your shit via contango

>>17923891
Go to walmar and speak with the cashier
They offer investment opportunities

>>17923914
Very well could. This is going to get very ugly in short order. This shit hasn't even begun.

>>17923919
I'm honestly gunna go in on it tomorrow, because it seems to die on green days for some reason.

>>17923944
Inverse splits only damage stocks . GUSH is not a damn stock

Today was the most kino day of my life
>wake up at market open
>blood on the floor
>short positions aren't even covering my longs anymore
>open /biz/ pink wojaks everywhere
>watching CNBC with my dad while working from home
>take a break
>Bill Ackman's kino doomsday speech comes on
>slack message from boss man
>grim do you have time for a call?
>sure!
>know immediately what is happening
>begins telling me they're going to be cutting back because of COVID-19
>hear audible gulps and worry in his voice
>get laid off and told if everything clears up they'll reach out again in a couple months
>pack my stuff and head to the office
>it's raining and the sky is grey
>listening to CNBC radio
>BREAKING NEWS ITALY DEATH TOLL NEAR CHINA LEVELS
>BREAKING NEWS RESTAURANTS CLOSING FOR 2 WEEKS
>BREAKING NEWS BREAKING NEWS BREAKING NEWS
>pass sign on the freeway saying DISENFECT 2 PROTECT HANDS
>radio stream cuts out only hear windshield wipers squeaking
>drop off my stuff see one senior level guy in the office
>clear worry on his face
>can't even shake his hand
>drive back home
>BREAKING NEWS BREAKING NEWS BREAKING NEWS
>clouds start parting as I pull up at home
>sun comes out
>comfy watching cramer
What a fun day!

>>17923930
pls i want to be rich too
i sold all my swords so i can invest now

>>17923925
not only contango, but there are premiums to pay for the derivatives that enable the leverage. and obviously, during high volatile markets it ain't cheap.

>>17923924
Not if you're retarded like I am.

>>17923892
Plus500 is the worst. They require all sorts of proof to even use the platform and require a statement from your bank to even cash out. I dont think you can even cash out desu. The spreads are the worst from all platforms. I would recommend anything else. Personally I use Admiral markets.

>>17923882
what math do you need to have down to understand that pic? Specifically please and thank you.

>>17923953
You're right. I'm an idiot. Thanks for saving me from bag holding.

>>17923919
Thats because it is. GUSH is going to zero buddy. Im shorting the shit out of it.

>>17923314
>Give it to me straight, can we potentially see a global economic collapse? Or will it be just a depression/recession?

If there's an actual system collapse of the banking system, or if DB were to go under, you'd see something unequaled in modern history.

>>17923953
>>17923924
> Inverse split
Lolol.

>>17923955
pretty based

>>17923955
ok but how much money did you make fren?

>>17923344
>Ackman
I just watched the entire interview and then looked him up. He said in the interview that Elon Musk needs to convert his Tesla factory into a ventilator factory and everyone needs to stay at home and eat Chipotle. Funny that he has massive shares in both Tesla and Chipotle.

>>17923963
This. The safest, long-term alternative is DCAing XOM and MRO. They are dirty cheap right now.

>>17923506
because GUSH is never going back to over 5, even if gas triples you see gush at like 3 dollars. You'll never see big numbers. Not to mention the decay. A 20% loss is more than a 20% gain

>>17923955
Fuck you for not posting cute jelly gif , Grim

>>17924044

BILIBILI ALERT
>BILIBILI ALERT
BILIBILI ALERT
>BILIBILI ALERT
BiliBili briefly traded below $20 today!!

>>17923799
what are you talking about besides the stock market?

In a few weeks we'll have a very good idea of who's infected and who isn't. Then we'll also be better adapted to a new way of living, and many people who figured out how to profit off the panic in ways that will seem obvious to us in hindsight will be seen as brilliant entrepreneurs, and many copycats will likely emerge.

>>17923834
I can't imagine how much blood I'll be pissing if my longs go down any more than this. Who the fuck could sell now? I just have to stay strong with my SDOW, DOG, FNGD, and TZA

>>17923955
AAAAAAAAAAAAAAAA
I HAVEN'T SHORTED EUROPE OR WATCHED CRAMER ALL WEEK!!!!!!!

>>17923955
sorry to hear bro. you're my least disliked tripfag too. sucks

>>17924047
UNIRONICALLY BASED

>>17924023

>>17923987
Well you would need quite a lot by the sound of it. Partial differentials, Algebra, a bit of calculus.
But Financial Mathematics is the branch i guess.

sup all. hoping everyone is doing alright in these rough times.

with that said, thoughts on a good entry for SOXL? I am considering waiting to see if it gets under $20, or even $10. Also wondering when to enter on TSLA, if at all.

Thanks all.

>>17923987
Basic calculus

>>17923955
oh shit my man
I'm sorry

>>17923431
isn't GUSH having a reverse split soon

>>17924080
I'd enter Tesla under $200 and you'd probably make money entering under $300. Millenials don't die from Winnie the Flu and they're the ones who daytrade Tesla way higher than it deserves to go. Elon literally has enough fanboys to pump his stock for him.

>>17924048
I think India and Brazil numbers are bullshit, they're definitely not testing enough people. Brazil still has soccer games and political rallies. Hell even Ackman today mentioned it, that shit really helped me.
>>17924067
>>17924104
I feel great! It was part time, but I needed it to get my foot into the door since tech jobs are so experience based around here.

>>17924080
It's so fucking hard to ignore this chart.

>13 days

>there are options traders who dont regularly check their option's Speed, Zomma, Color, or Ultima

>there are people in this very thread who dont know what a Veta, Vomma, or a Vanna is

>>17923922
just use Excel

and if you cant into 3rd order derivatives maybe you shouldnt be options trading in the first place

>>17923987
Calc I-III, and some Differential Equations if you dont want to use Google/Wolframalpha to solve the actual equation

and maybe some probability n statistics if you dont know how to use a normal distribution with standard mean and variance

but partial derivatives are easy as fuck, and there arnt even any integrals in that

>>17924076
based and redpilled

>>17923955
NEET

>>17923914
I sense a pullback coming before that happens, might go back to 200-300 level.

futures are green
what's up with that?
Rally into the QuadWitching Friday?

>>17924153
NRZ fucked me up so bad today.

>>17923955
Glad you had a good day :D
I had a good day too. But I missed the Ackman call :((

>>17924151
>Vanna
thats the lesbian from scooby doo right?

>>17923260
Um...why is jnug plunging bros

>>17924166
Same. I'm gunna sell mine when the market opens and buy when the pump happens. Although, I've fucked up every single pump call so far.

>>17923877
Source? Link?

>>17924167
meow, then bloodbath on Friday.

>>17924184
Ackman call was amazing. Find the full version not the 13 minute version they've got on Youtube. It cuts out the parts where he talks about his dad and the incoming hell scape.

>>17924134
that's what i'm thinking. I think elon not only has enough fanboys to pump his stock, he has created (good) cars that are generally reliable but very tricky to repair as a person in a garage (in comparison to 95 corolla or something of that ilk) so he has a good model on the repair business.

also the future growth of large-scale battery installations, the australia one saving the govt there like $75mil set a big precedent. I think the stock could get pumped to $1500 within 5 years, assuming everything doesn't go tumbling down completely, which i don't think will happen considering the staying power the brand has built and the inevitable increase in demand from china and elsewhere.

>>17924167
Friday is going to be trillions in expiring puts -> hella green

Monday is Bloody again as always

>>17923260
ONTX chads, it is I, your leader. We are having a corporate update/financials call on 3/24, announced today!
https://investor.onconova.com/news-releases/news-release-details/onconova-therapeutics-provide-corporate-update-and-full-year
We already know that ONTX has
>no debt
>cash through 2021
>imminent Rigosertib FDA approval
I am extremely bullish on this call. Will we get announcement of a readout date of INSPIRE? There has never been a better time to buy. We are only $.30!

#RoadTo1Dollar

>>17924204
I fucking hope so.
Nothing better than a nice market crash.

>>17924167
Algos and quants don't know how to deal with total panic. So they see more than 6% down and immediately go into a buying frenzy which pumps the market 5%. Then everyone in real life who's panicking sees a little hint of green in their portfolio and bumps, crashing the market again the next day. Rinse and repeat. In the long run the algos and quants aren't wrong and they're going to wind up with a lot of equity for very cheap, but for us living in the real world we're on a roller coaster. And for us on /smg/ we're slinging puts and calls and doubling our money ezpz.

>>17924151
>there are options traders who dont regularly check their option's Speed, Zomma, Color, or Ultima

I don't even know what that means, am I fucked? I do understand the Greeks at least

>>17924080
I don't have any idea how to come up with a logical entry price, but I'm watching it like a hawk. I love SOXL shill, but his strategy of DCAing makes no sense in this case. I sold all of mine weeks ago, when it was still over $250. Personally, I might go all in if it hits $25.

>>17924226
You again

>>17924048
I'll buy BILI again
Maybe uhhh at 17.50

>>17924214
OTOH Gas is going to be below $2 for quite a long time.

>>17924226
>>no debt
>bio
>no debt
uh lel
>Rigosertib
You're in phase 3, right?

>>17924204
>>17924219
yeah I'm feeling strong green friday cause they've got to pump it to cut their losses
and monday blood red, with usual gapdown

>>17924240
>>I don't even know what that means, am I fucked?
probably not
>>I do understand the Greeks at least
but how much do you really know about them?

>>17924212
Fuck him, he's a boot licker coward who wants the government to send out the national guard to directly violate the first amendment protected right to peaceably assemble. I'd rather the entire world dies of coof than give up my rights.

>>17924252
No it will not as the other anon said the US will not stand for this bullshit

>>17924151
> You need to understand the absurd underlying math that when tradings live every variable is changing moment to moment in order to profit from options

We're all impressed by your big brain

>>17924219
They'll also probably pass the big phase 3 stimulus bill Friday so this sounds right to me.

>>17923955
It'll be okay.

>>17924226
Yes! I'm looking forward to the good news. I'm still holding strong with my 12,400 shares.

>>17924151
Nigger i make money on the stock market with + - : and * - fuck outta here with that egg head shit.

>>17924265
They don't have debt. Look into it. Intravenous Rigosertib is in Phase 3. Theyr'e doing an oral Rigosertib combo test with BMY's azacitidine that is further out, along with several other trials.

>>17924241
my primary concern is that because it's a leveraged daily tracker, it can bottom irrationally low, and that could make a 30x from bottom still below my entry. but that's also kinda silly fear mental math.

Looking at the chart, it crabbed around $7-10 for a long time before exploding. I think I will put a little bit in if it hits $25, but I personally will not go "all in" with large portion of portfolio until it is under $15.

with that said, good luck my friend.

>>17924198
Here:
https://www.horizonsetfs.com/news/Press-Release/Horizons-ETFs-Announces-Security-Consolidations

>>17923260
I have 27K in stock 15% down atm

37K left in cash. What should I do biz?

>>17924319
>They don't have debt.
That's very nice.

some OC for you fags

>>17924363
Buy a gun a shoot a hospital

>>17924363
call then short then call, time it right

>>17924226
So what's the catch? There's always a catch

>>17924316
but you could be making more money than you currently are

>>17924363
give me 30K and I'll tell you

>>17924080
If TSLA 200, I'm buying 100 shares.

>>17924272
True, but the call was still entertaining as fuck. Ackman is such a baby. I was rewatching some of those old shitpost Icahn made on CNBC.
>>17924286
frend

>>17924319
also holding around 8k here, average around 0.45. Feeling the pain at the moment, but looking at how well rigosertib did in the sample population from the last trial (which to the uninitiated, they are focusing on solely in the current trial) there looks to be a pretty clear path to FDA approval here. Lord only knows how well things could go if their other trial, testing rigosertib against some lung cancers, also goes well. regardless, my EOY2020 minimum gut feeling target is $1.50.

good luck my friend.

Started today with 200€ for giggles on one of those ass demo websites, almost doubled by longing SQQQ al day. I imagine this is too difficult for a beginner and it's better to stay out of this shit for now, and maybe buy later stocks, instead of options. Am I right? Is there something that i could do besides playing the patrician III without ships version based on stocks?

Warriors of /smg/ !
I am here to ask a thought experiment.
I want to know what you think the S&P index would be at right now if situations were different:
1. No coronavirus
2. No oil price war
3. No coronavirus and no oil price war
?

>>17924462
The golden era

>>17924372
Nice thank you.

Man there's gonna be cheap SQQQ tomorrow but I'm fucking terrified of the phase 3, 1 trillion stimulus being ramped up soon absolutely raping my asshole.

>>17924386
To risky. I'll rather cost average and hold.

I still have 50K in emergency fund, don't know if I should invest that. Paying for mortgage would be risk....

>>17924418
Why Tesla pumped a few weeks ago?

>>17924462
Around about $3500

>>17924271
>muh fancy math
Maybe that's necessary to understand how to price options you're writing to avoid blowup, but for a buyer it's pretty simple.

1. Over time option becomes cheaper because the odds of hitting the strike go down as time remaining goes to zero. Strikes further away from the current trading price are cheaper than strikes closer to current trading price. Options in the money are theoretically worth the difference between strike and current price but supply and demand and holders who can't afford to execute mess with things a little and can't be predicted, but should have a minor effect.

2. Normally algos do all the fancy math and use spreads to take advantage of option mispricing and they run on autopilot producing predictable gains. However with the massive volatility and collapse we're seeing algos can't properly evaluate option values in two ways: they undervalue options with strikes far away from current price because normally there's no way the market would shift that much in three months, let alone 3 trading days; and similarly they're undervaluing options with short time remaining for the same reason, there NORMALLY wouldn't be such fast jumps in the current price in either direction.

3. Quants have failed to tune their algos for options for this environment, so short expiring way out of the money options which should be higher priced than they are, are selling for very cheap as usual. However, when the market jumps 5% in either direction, they suddenly fall into the algo strike zone and are considered more viable and the price jumps 100+%. This is where /smg/ and probably reddit are doubling their money all the time because there's just enough liquidity in options to support a couple hundred NEETs doubling their money day after day, eating the algos' lunch. And the algo people probably don't even notice this because when you start moving millions of dollars into this area, the opportunity would disappear.

>>17924462
Well considering there's no terrible numbers for the US economy and everything would just be trucking on I guess the S&P would have been around 3500-3600 by now

>>17924462
Continued bubble while worries about bad debt mount, Boeing might crater anyways because they're rotten through

>>17924136
Ooooo nice
I forgot about shorting foreigners and well uhh. I hurt myself today.

And likely tomorrow.

Sounds like you have some skills so you should bounce back fine. Tech isn’t going away after all this, it’ll be more necessary than before. I gotta learn how to code or some shit while I’m sheltering in place.

What's the absolute minimum you need for start out money in a brokerage account to be effective

Are you prepared for the witching hour, anon? Post your positions or gay.

>>17924499
good earnings and outlook, anticipated battery unveil, fomo, and short covering led to a ton of momentum

>>17924499
Because they are at the head of a new multi trillion dollar industry and are severely under valued. Comparisons to Ford and GM are just not the whole picture. Tesla will survive this and may even come out way on top, but it also depends on what happens with oil.

>>17924554
Depends on how good you are.
3k if you know about the holy sector and it's methods.
10k otherwise.

>>17924554
I started last Tuesday with $1000 and now have $1164, which isn't reddit moonshot memes but it's 15% in a week

what are some non expensive puts? these spy prices are getting ridiculous

>>17924462
>I want to know what you think the S&P index would be at right now if situations were different:

>1. No coronavirus
higher
>2. No oil price war
lower
>3. No coronavirus and no oil price war
higher

>>17924554
25k

>>17924580
>>17924554

I turned $500 into 28K in less than 3 months.
"Anyone Can Cook" - Ratatouille

>>17924598
foreign indices

>>17924598
My best options have been DIA but I'm looking to expand too.

>>17924598
there are none

>>17924598
Check out foreign country puts, they're generally pretty cheap

>>17924598
SQQQ calls

>Nikkei bogging US futures

reeeee

>>17924550
Fuck these shelter in place rules. Speakeasies and parties when?

Bro we did it.

https://www.kiro7.com/news/trending/coronavirus-rems-its-end-world-we-know-it-re-enters-charts/WGDRHW2ZZJD7TIBUYS6RGRXRWM/?fbclid=IwAR0TNSr5esWG_W8d8a9zKm0oZ5aAlR1zTRLpZxV3uy_VWb4kR7LLdY5zJfM

>>17924606
>sanders compound standoff
kek

>>17924519
my wife is so cute

>>17924134
how are people going to afford teslas if america is in lockdown?

> Futures just dropped a solid percent instantly
WTF WAS THAT

>>17924663
>LCIguy is the smolest
bur

Don't forget to watch the dollar.

>>17924648
based. my ewj puts require the samurai's death

>>17924663
>Jiren=The Fed
>Goku=The Greater Depression of 2020

>>17924519
Quality post. This is why I browse /smg/

>>17924193
We could both be wrong. We are looking at it through the prism of a normal stockmarket day operation, instead of how we should. Through the prism of oh my god the economy might fucking collapse like it never collapsed before jesus help us.

>>17924697
The FX market spiked in volatility instantly as well. Seriously, WTF WAS THAT

>>17924680
>furries
Damn it dobb
>>17924659
Nah. I can’t risk contamination, some of the people I’m sheltering with are very old and/or on chemo.

Otherwise I would’ve asked grim if he were in my area.

Time for Hannity, he's probably got the scoop on why the markets will make that fabled v-shaped recovery.

OH SHIT ITS OVER.


https://www.marketwatch.com/story/nyse-to-close-trading-floor-after-employee-trader-test-positive-for-coronavirus-2020-03-18?mod=home-page

If I'm understanding this right? why not just buy a 3 month put on the entire market? Like we all know this is not going to blow over.

On the coronavirus status page, they have to keep raising the death percentage (they are reporting 9%) news says 3.4%

New York and nothing got shut down in time.

So we know the econ is fucked, why not just buy long puts to $0?

>>17924554
Well the bare minimum now is just $40. Yes just $40 dollars invested in SWPPX is all it takes to get started. It's a S&P 500 fund with no minimum amount required other than the cost of "1 share" and it has a super low fee of 0.02. Then you just add more money into it as you want, long as you can cover the cost of "1 share" your golden. Which in the current state of things that cost seems to be heading on an ever downward spiral. It also forks out a Divvy every dec. (which can be reinvested)

THE FED WILL OVERWRITE THE SYSTEM AND PUMP ALL THE CHARTS. JEW POWER

>>17924594
Me too with 400 bucks and I'm only a few bucks up. These damn high fees at Qtrade are eating my profits

>>17924690
they're not that expensive compared to a loaded accord.

>>17924748
ITS OGRE

MOOMOOS WE GOT TOO COCKY

>>17924519
maybe, but as an engineer i dont feel comfy unless i have 20+ spreadsheets in front of me

>>17924648
glad we can always count on honest Abe

>>17924753
Yeah, but this isn’t going to end Disney, Microsoft, Pepsi, Nestle, Amazon, Nintendo, etc.

But the world will end for some.

>>17924753
why don't you do it then

https://www.marketwatch.com/story/heres-how-to-track-the-growing-damage-to-the-economy-from-the-coronavirus-crisis-2020-03-18?mod=home-page

Lay offs are happening.

FUTURES ARE COLLAPSING
>BULL RUN CANCELLED
FUTURES ARE COLLAPSING
>BULL RUN CANCELLED
FUTURES ARE COLLAPSING
>BULL RUN CANCELLED
FUTURES ARE COLLAPSING
>BULL RUN CANCELLED
FUTURES ARE COLLAPSING
>BULL RUN CANCELLED

>>17924753
>Like we all know this is not going to blow over.
I just wanted to point out this line uncommented
> 3 month put
iv itself might fuck your shit to absolute extinction
https://www.youtube.com/watch?v=bNVcktiS6C4

>S&P below 2400

OH NO NO BEARS WE GOT TOO COCKY

FUTURES RED
FUTURES RED
FUTURES RED
FUTURES RED

>>17924648
>S&P and DOW futures now negative
the dumps are activated

>>17924241
If corona lasts for a couple of months more, SOXL might hit $15. Phones and consumer electronics are going to be put onto the back burner for most american families. Sure the 1K neetbux are nice but you might have to pay your rent and buy food with that since the unemployment will drastically increase. And china will stop buying, because nobody will be ordering their fucking phones for at least a year.

get a loan now

>>17924753
>why not just buy a 3 month put on the entire market?
Because it's expensive and you then have your money tied up in an option that's going to roller coaster for 2 months before you can sell it for a profit. By all means go ahead and do so if you can afford it.

Additionally, there's a possibility that the oil price war will end and coronavirus will be over by then and the recovery might start. It's unlikely, but consider what percentage of the population will be infected by May 18th, and how long it takes someone infected with serious complications to die without treatment. Nature might end this before our scientists make any kind of vaccine anyway.

The fuck is going on with the Nasdaq?

I need serious input guys. What ar esome good companies which I should consider buying into?Right now I am looking at:

>Disne
>Shell
>Starbucks

Other ideas?

>>17924882
soxl

>>17924881
ITS DYING, QUICK GET THE PRINTING PRESS STAT!!!

I sense a passive aggressive aura.

Are we expecting blood-red or another dead cat bounce tomorrow?

>>17924882
>Buying
Not yet, retard. At least wait for VIX to go down.

>>17924848
That sucks. I sold my puts today with expectation of green bounce tomorrow.

THE FUCK IS HAPPENING EVERYTHING IS PLUMMETING LIKE LEAD AGAIN

>>17924894
I'm expecting a bounce at open, which is why I have limit orders on my calls that I got my fingers crossed will execute and I can collect a small 30-80% profit. I need to load back up on puts tomorrow, too.

>>17924889
https://www.instagram.com/tv/B943u7Ig6ev/?igshid=18pi4o31gnbzf

FUTURES DROPPING

Times like this makes me glad I work for the state Govt. Yes I make shit but when they eventually shut the place down at least I'll still be getting paid and will have a job to go back to once it blows over. We've already closed the place down to everyone but employees and delivery personal.

>>17924792
Robinhood in the US, Wealthsimple in Canada. WS doesn't have options, though.

>>17924904
I know but for when things calm down. I need good companies

>>17924889
I was always 100% libertarian but more and more I understand why some people become dictators once they get power...

>>17924937
That's great. Government always has the greatest interests of the people in mind.

If Thursday and Friday are both green, that would mean that the DOW would be greater than or equal to its valuation at weekly open.

Does anyone really think that the companies in the DOW haven't decreased in value this week with COVID-19 rapidly expanding in Europe and the United States? Same for S&P 500.

We have to end red. Therefore, either Thursday or Friday will be red.

>>17924982
priced in

futures PLEASE hold to at least EOD levels

>>17924882
this is mine
angry CNBC man told me to buy Hilton but I regret listening to him

>>17924970
Yeah cause capital and the profit motive have us in such a nice spot right now.

>>17924818
>>17924804
>>17924836
>>17924865

Thanks Frens, I think I'm just gonna send it. PUT on SPY? or should I target a meme company like Tesla?

>https://newsitems.substack.com/subscribe

The fuck is this newsletter Cramer just shilled at me? Worth subscribing? I get so much goddamn shit every day, all the podcasts and emails and shit I can’t even keep track.

AAAAAAAAAAAAAAA

POOPEO ON HANNITY FOCUSING ON “HOLDING CHINA ACCOUNTABLE”
THESE FUCKING RETARD KEKS CANT KEEP GETTING AWAY WITH KILLING MY FAMILY AND BLAMING FOREIGNERS!!!!

>>17925007
>Actually buying Ackman's bags

lmao. Go look at his hedge fund's holdings. Dude is getting bogged big time right now.

>>17924982
Friday seems bullish with the usual end of week pump, government action, and puts expiring. I'm betting green tomorrow, but maybe it'll crab.

>>17925007
dude hilton is going to zero... completely serious

>>17924204
Think about it this way.
Would you want to be holding over the weekend ?

thinking of offloading all of the big gains thurs or fri and going ham on SPY

>>17925007
Uhhh Cramer?
He’s been saying stay away from companies “in the blast zone” like leisure and travel... unless he pivoted in the last day or two.

>>17925011
It was communists that hid evidence of the pandemic until it spread around the world, dumbass. Don't fall for propaganda.

>>17925018
If true, I'm proud of you.
And nah, ride SPY down, meme companies on the ride up.

>>17925045
Ackman

>>17925042
forgot pic

>>17925052
And then the US president said it was not a big deal and less dangerous than the seasonal flu. And now these Americans still believe that.

>>17925052
It was un regulated markets that started the whole mess in teh first place.

Also >China is a communist country

Fucking kek.

>>17924865
>you then have your money tied up in an option that's going to roller coaster for 2 months before you can sell it for a profit.

Wha? You can sell on option at any time regardless its date.

>>17924882
LMT
WN
MSFT

the holy trinity of gains

or just go all in TVIX tomorrow if you never want to work again

>>17924963
I'm going to pick up AMD, NVidia, SOXX, TSLA, Iron Mountain, Coke/Pepsi, McDonalds, Starbucks, UPRO, and a few other dividend stocks.

>>17925081
What Americans? Trump and his administration have totally flipped and now they're taking it extremely seriously. Don't be a fag.

>>17924768
can't find the ticker on tradingview? are there options for SWPPX shit? is it popular?

>>17924937
iktf bro
t. PhD student with a national grant

>>17925045
Always inverse Cramer, anon.

Will Ford eventually recover as much as the other car companies? They've experienced a decline over the past few years, I think it's due to management.

>>17923260
>can't possibly go any lower

>>17925007

Why Raytheon anon?

>>17925036
>>17925038
I'm up a whole $7, as long as it doesn't gap down I've lost nothing

– man about to get gapped down

>hannity talking about who to blame
>Maddow talking about “how bad this will get and how quickly”
>neither talking about buying protection, reducing your unnecessary expenditures, and saving your family from economic catastrophe
Dumb assholes

>>17925003
I legit laughed, at this point people will be saying that while we're torching mass graves of infected dead.

>>17925091
only if someone else wants to buy it off of you

>>17925091
An option that far out and that far out of the money isn't going to be worth much until it gets closer to the strike price, which could take a while depending on how out of the money it is. There are much better opportunities in the short term as I outlined in my Horopost.

T-bill yields just turned negative. That's ... really bad, isn't it?

>Futures green again

NOT TODAY BOBO

>>17925122
just buy the dip anon...

>>17925119
did you really expect anything different?

>>17925100
lmao this shit is no worse than seasonal flu. it only infects smokers who are at the end of their life. say a prayer for Rush... I mean sadly if he catches this he's probably a goner, but that's why we're taking drastic measures. Rush needs our support now more than ever.

>>17925092
>WN
the fuck out of here with that 74 p/e ratio

>>17925007
Lmfao wut? He literally said over and over Hilton was going to 0. He then had some weird stroke where he was suddenly bullish, IF the nation goes on a 100% nationwide lockdown.

>>17925119
they're pundits, what did you expect? Hannity wants to deflect blame from Trump after having to change tack from "it's a nothingburger", while Maddow wants it seen as doomsday to fuck over Trump

Pouring out a 40oz for the homies and portfolios that didn't make it

*pours*

>>17925110
Car companies aren't going to the same bailout deal last time. It obviously didn't work so theres going to be big changes. Trump has really only mentioned bailing out Airlines, he knows bailouts are stupid. Airlines are a special case because of government regulation and control while also being necessary. Making more cars? Not so much. Only in the context of saving jobs. I'm sure we will get more information later.

>>17925100
Trump might have flipped, but many of his supporters haven't. Just got out of another thread where some retard was still calling it a common flu.

>>17925100
Read the post I was replying to you fucktarded shill faggot
Go back.

>>17925107
So... buy Hilton because Cramer said it’s going lower?
Buy the top in February because Cramer says not to buy the rally?
Stop repeating this nonsense. He’s been right this whole time, he’s been the only one sounding the alarm in the media until a couple weeks ago when everyone else caught on.

Inverse Cramer would’ve lost you 30% or more by now.

>>17925150
>>17925092
fuck, that should have been WM (Waste Management)

>>17925132
Buying options far out just seems more stress free.

>>17925018
>>17925091
>>17925057

I mean, do we know of any companies who's stock will go to $0, because from what I am hearing this shit is going to $0. Maybe I'm the crazy retard that turns out to be right?

My Stats
>diagnosed autistic
>20 years old
>in college (soon graduate)
>110 IQ

>>17925135
repo demand driving yields low cause businesses are a hairline from being insolvent.

Someone make a new thread, I have a nice post to do.

>>17925116
Because the most likely peer war America faces is another Pacific war, and any time you see an American ship launch a missile, Raytheon almost certainly made it (Tomahawk, SM-2, SM-3, SM-6, etc). It's also doing on a deeper discount than LMT, because they're going to merge with UT, which is currently eating shit, but will recover once the virus is gone.

>>17924794
what I'm trying to say is that new cars are going to be fucking justed by the crash, people are going to buy second hand cars more often, especially in america since there are so many fucking cars there.

>>17925177
Jim Cramer is always right. He has never failed me a he never will. A true American

>>17925207
just a sec

>>17925011
It's ok faggots.
You're both wrong.

It's not the economic system. Or the political system. Or the philosophy.
It's people.
People are the problem.

>>17925177
I am printing with my Hilton (30%) and Marriott (300%) puts.

>>17925173
There are idiots and shills out, yes. But there's no need to blame that on Trump. It's okay if you just don't like Trump as a person but you sound ridiculous if you're not even critiquing his policies.

>>17925207
Is it your asshole?

>>17925238
was thinking if jumping into marriott. how low do you think the bottom is on it?

Hey if a company goes bankrupt and I have a put out on it, does the contract become worthless and gay?

>>17925261
>>17925261
>>17925261


NEW!!!!

>>17925261
>>17925261
>>17925261

>>17924882
VTSAX.

>>17925264
oh god damnit. i'll delete.

>>17925267
>>17925299
Based

>>17925299
appreciated! kinda pissed i forgot to wipe out the youtube link tho :(

>>17924519
I don't really understand what most of this means being a complete smg novice. But it was beautiful.

>>17923882
Which course do you learn this equation in? Engineering fag so the math isn't daunting, just need the foundation and motivation for the equation

>>17925330
HMM HMM HMM NO NO NO

>>17925364
People who understand things should be able to explain them to laypeople. Not handwave and brag about muh math and obfuscation. That's why Taleb is so great, he actually understands what he's talking about and so can explain it so anyone can understand.

Isn't it kind of interesting how COVID-19 is responsible for maybe 1% of the stock market crash and the panic surrounding it is responsible for the other 99%?

>>17924080
SOXL will colapse by end of april. Screencap this

>>17925376
>>Which course do you learn this equation in?
some /rhg/ thread back in 2015
Black Scholes equation has been around for over a century though if I remember correctly

>motivation
thats all on you dude, greed is a fantastic motivation though, at least when it comes to the stock market

>>17924856
yeah get a loan goy. what are you a poor? get a low interest loan goyem.

>>17924884
can I hold this for a couple of months or does this expire after 30 days?

>>17925170
Agreed. Airlines are heavily regulated, they'll want it.

>>17925558
>hold this for a couple of months
This one

What if the world actually just treated this like a bad flu? As in, no one was directly to shut down business, self-isolate, etc. and everyone just lived life normally. No overhyped media or anything. There would be more people with the virus, sure, but I wonder where the markets would be right now.

>>17923660
So you're saying we're headed for a trend reversal?

>>17925257
Between 50 and 30

>>17925238
They're getting a bailout. At least Hilton is. Read recent news about conpanies before you hop on

>>17924930

>>17925991
It's just places to watch where things can happen. Look at that minor trendline on the s&p futures. It bounced pretty hard off it tonight.