/biz/ - Business & Finance

First for bears!

>>17928617
WHERE THE FUCK IS THE LIMIT DOWN WE HIT 5% 4 TIMES ALREADY

HOW
LOW
CAN
IT
GO

>>17928644
We are fucked

>>17928645
2273.50

>>17928645
NO MORE RESTRAINTS

Give it to me straight. Should go out and buy a gun tomorrow?

Limit soon.
Three circuit breakers tomorrow!

>>17928670
yes, riots and looting start next week in America

>>17928644
I knew Bulls were retards, but I fell for the fucking Crabs. Bears were right about everything. On Friday I'm going full bear mode with everything I got.

>>17928670
And shoot some niggers

Any value or hidden gems to still pick up on?
premiums are sky high on everything else, and as a poorfag, it really hurts

futures dipped below 5% twice at least and no circuit breaker, but it froze at ~-4.3% yesterday. what's that all about?

I just placed my limit orders for my calls I'm trying to sell tomorrow. I'm looking for 100% profit and a little extra to cover commission. I still have hopes that we'll open green enough from all the vultures swooping in that some algo will pick up my options before the crash resumes. If not I'll either settle for market if it's above 50% profit or wait until Friday for the end of week pump.

God damn it you guys I sold my SQQQ because it was supposed to bounce

>>17928696
people still willing to sell

>We're hitting circuit breakers every day and night now

Speedrunning the great depression

>>17928644
Standing strong together brothers. Loading up on more puts in the morning.

>>17928685
I'll pencil that in for reversal day.

Someone tell me to stop being a pussy and go all in on PLNT puts

Thoughts on GE tomorrow/today? Thinking it'll average at 6.50~ by noon. I loaded some 3/20 6p for .21.

>>17928696
>futures dipped below 5% twice at least and no circuit breaker, but it froze at ~-4.3% yesterday. what's that all about?

2273.50 is the magic number

>>17928617
When starting a put you use "buy to open" right? Also when using a limit price do you set it at the strike price? Thanks

Redpill me on TVIX

>>17928711
I'm a retard and I say yes do it. I've been making a lot of money, but not life-changing money because I keep being a pussy.

>>17928726
Based magic number anon

>>17928726
Money printer go BRRR
dubs

>>17928698
I feel you man, just try to buy puts in the 13 microseconds we open green and then plunge red for the rest of the day.

>stocks are more volatile than crypto now

>>17928732
You're doing something wrong. Don't fuck up and accidentally write a put, you'll get fucked and be on the hook for way more than you thought.

>>17928698
I'm really glad you keep posting this image, I really like it

lol fed at it again
>https://www.cnbc.com/2020/03/19/fed-to-shore-up-prime-money-market-funds-amid-wall-street-rout.html
no wonder futures flirting with limit down

>>17928617
OK. DBZtard alert!

Bled most of my Put Pigs dry I think time to slaughter a different animal.

Thoughts on how far Apple can fall? It's still massively up from recent 2018 lowpoints. If the economic damage is as bad predicted, their sales should crater even more that they lowered their guidance earlier this year because of lost production.

Amazon Warehouses has its first cases

>>17928812
Oh no

lol

>buying puts at -35% from ATH

moronic. there is barely any more room to fall. GFC was -50%. this isn't as bad. max down is -40% which we will probably hit tomorrow.

>>17928775
>a mourning without an immediate circuit breaker is a calm one

>>17928711
>fitness centers
Are you stupid? They are all (soon to be) closed.

>>17928738
>TVIX
Super risky, the higher it goes the faster it falls. If you bought a week ago, fine, but at $1000? It could easily drop $300 in a single day.

>>17928798
ok boomer

>>17928802
Apple has tons of cash, I wouldn't bet against them.

How much do we pump when literal helicopter money bill is passed?

>>17928802
I'm in AAPL 180 puts that I'll be selling soon as they have a 3/27 strike so theta decay will be rough soon, and I see Friday doing the bullshit pump again. I still see that as the bottom, but timing is a bitch.

>>17928802
I've been looking at AAPL too, looks like a lot of room to fall, but betting against Apple is dangerous, they have lots of tricks up their sleeve.

>>17928617
https://www.youtube.com/watch?v=Xtf1Ma4mUPI

>>17928825
>max down is -40%

Max down is - 70% or - 80% considering how bad the bubble in equities was just until last month and how hard COVID-19 will fuck our nation.

>>17928825
>this isn’t as bad
fucker this is WORSE

>>17928775
>blue chip companies are as volatile as penny stocks

>>17928812
bullish af mooning soon just bought 100k etc etc

>>17928798
Hating Dragon Ball?

not even human

>>17928825
Some companies are going to go BANKRUPT. There is plenty of room to fall.

its funny, i got into the market during the decade long bull run, and i told myself i couldn't wait for for the next crash so i could take advantage of cheap prices and make money fast

but now that im in the middle of one all i want to happen is for it to end lol

Any Chinese companies or ETFs worth going long on leap calls for?

https://www-ccn-com.cdn.ampproject.org/v/s/www.ccn.com/u-s-futures-plunge-5-as-global-recession-swats-chinas-rescue-plan/

>>17928802
Also, I've been screaming about It already, but Netflix. It's 70x earnings, in a recession, it hasn't even been touched yet but any of the market action. That will not last with that valuation.

>>17928825
Equities weren't nearly as overvalued in 2008.

I’m sick of these fucking newfags and pol shills.
>>17928828

>>17928812
source?

oh fugggg

>Republicans are passing a bill for UBI and Democrats tried to slow it down

>>17928781
That would be sell to open

>>17928891
LMAO why? Did you try to catch the falling knife? This is the funnest time I've had in years.

RUSSIA COLLAPSING TODAY
RUSSIA COLLAPSING TODAY
RUSSIA COLLAPSING TODAY
RUSSIA COLLAPSING TODAY

>>17928890
>Some

s/some/many/g

>>17928879
>penny stocks still worth pennies

>>17928892
Are you stupid? China is unbelievable fucked. After corona they are going to be obliterated by the rest of the world. Fuck lying chinks.

>>17928914
ohnnooooo

>>17928914
In English doc

>>17928916
WHERE THE FUCK AM I

>>17928916
The world has gone absolutely batshit insane, I'm loving every minute of it.

>>17928670
Yes, go out a few months ago and stock up. Best hedge you can have

>>17928617
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>>17928936
neat

>>17928906
That GDP number is bullshit too, read shadowstats.

>>17928936
Russians are used to suffering, this means nothing to them.

Remember when we all shorted APT from $40 a couple weeks ago? We need another tip like that.

>>17928936
How much longer can they afford this fucking oil price war then?

https://www.cnbc.com/2020/03/18/bill-ackman-pleads-to-trump-to-increase-closures-to-save-the-economy-shut-it-down-now.html

>>17928916
These are truly special times

>>17928889
Haven't played Dragonball FighterZ in a good while, didn't realize Goku's UI form is available now

>>17928936
thats like the 5th time this year theyve collapsed

>>17928970
That number in that chart isn't even factoring in the latest data.

>>17928982
>shut down a service economy

uh

>>17928978
Just short SPY on green days then sell the next day.

>>17928978
ok, puts on UUP at 3:55 EST Friday, sell as soon as markets open Monday

>>17928825
You know large cap companies are going to go bankrupt, right anon?

Alternatively, just buy and sell puts at the intraday peaks and valleys like a real man.

>>17928936
YESSSSSSSS

>>17928916
President Honkler, gentlemen

>>17928988
probably released in early May, hype

>>17928944
it means people think companies are going to go bankrupt, so they aren't even buying bonds anymore

>>17928798
Go back to wherever you came from

My boomer stepmother is screaming about Bill Ackman's crying ruining the market.

>>17929011
>Newest chapter gets released in less than 24 hours
DBS's manga is going to save the Nikki on Friday

>>17929045
kick her in the shins, tell her its from me

>>17928957
i have never had a particularly firm grasp on everyday reality but now it's starting to seem like nobody else does either
the world they thought they had a firm footing on is starting to shift and dissolve under their feet, the floor is opening under them and they're all falling into the abyss
i haven't been this happy in years

>>17929011
Still blowing through Mega Man Zero collection right now, but may go back to this. Probably the best fighting game I've played in ages, DB related or not. I mean, gyms are shut down so I may as well let my gains go to shit while catching up on other stuff

Alright, /smg/. I have a relatively paltry amount of cash in my Traditional IRA from cashing out my S&P 500 index fund shares. What stocks should I buy as a safe-haven in these turbulent times. I'm thinking SNSS seems like a safe 2x, but I'm interested in other ideas too.

Why did I even bother to bet on a green day tomorrow? Now it's looking like red Thursday green Friday, but things are so shit it might still end up being 3 red days. Also, what happened 4 hours after markets closed to shit on everything?

Any ideas on an entry for DD?

>>17929062
DBFZ is my favorite fighter ever, really addicting

If they actually balance the characters and fix the netcode it would unstoppable

Is there anyway to see historical option premium prices for free?

>>17929085
>green Friday

We're breaking through a major hold here. It's going to plummet for a week straight. We're on the precipice of a cliff.

>>17928979
at these prices? they'll start feeling serious pain if it goes on 6+months (though for arguments sake I am leaving out the effects of coronavirus shutting down literally everything anyway, which is fucking over everyone). In theory the saudis can last longer but they'll have to start seriously cutting back in expenditures which would mean some very painful choices are ahead.
Gotta love the retardation of petronations, none of them actually want nor can they afford this kind of crash, but they all think they can control it to gain something in the long term.

the screams will sound out in horror for all eternity

>>17928996
Yeah... so nothing of value would be lost by shutting it down for a a few weeks.

>But a month of Starbucks frapuccinos would go unmade and un-drinken! How will the economy ever recover from this!!!

>>17928726
Underrated post

>>17929045
>>17928982
He lost his nerve and pissed himself on live tv but he was absolutely correct.

>>17929085
>capitalism
>is
>ending

>>17928802
>Bled most of my Put Pigs dry I think time to slaughter a different animal.
Ahahahaha u mad man!

>>17928827
I love the smell of napalm in the morning!

>>17929045
That call is already becoming legendary, like the cramer rant in 2008.

https://int.nyt.com/data/documenthelper/6819-covid-19-response-plan/d367f758bec47cad361f/optimized/full.pdf#page=1

Any of you kids read that "leaked" report?

>>17929107
>We're breaking through a major hold here.
What hold is that? 18k dow? I sold my puts today stupidly expecting green tomorrow after that EOD pump so i kind of want to reload up in morning or wait.

>>17928802
Aren't they sitting on a mountain of cash though? They can simply wait until it is over with no issue

>>17928936
My Gazprom stock!!! NOOO!!!!

>>17929085
Just sell your calls on Friday then. Hell buy some more cheap calls tomorrow while you're at it. The dead cat's going to keep bouncing. Worst case scenario is we crab for a week and all the optionsbros get fucked hard by decay.

>>17929045
Bill Ackman is one of the few intelligent investors I've come across. He runs the numbers and respectively, I'd assume much more than that as well. He is very smart and people pick up on that. You can usually tell when someone is smart, and that's why, I assume, his words were taken with such sobriety and effect. If you get bored or have time, I'd suggest looking at some of his interviews on YouTube. His capability and intelligence are absolutely marvelous.

>>17928916

So I'm confident this lockdown social distancing deal will last at least 2 more months. Normies are going to go psychotic, get cabin fever, have breakdowns etc.
I'm not sure how to profit from this via financial instruments that hasn't been priced in yet. There surely is a way.

>>17929149
my god...

/r link to bill ackman's full meltdown (not just the 11 minute one)

>>17929163
They're had that pile for a while but there was still crazily volatility back in June 2019 based on the perception that china might fuck them over the trade war. With the worldwide economic problems incoming, it's basically a guarantee their sales are gonna get screwed.

>>17929160
Watch out for FOMO man. Don't regret the gains you COULD have had if you'd called the top. Just be happy you got out with the gains you did get and look for more opportunities. A heavy red day tomorrow is good for buying cheap calls and cheap stocks to long. We'll have another green day soon for shorts and puts don't worry.

>>17929186
>Bill Ackman is one of the few intelligent investors
Are you joking? Dude lost billions to herbalife short and then billions more over his valeant darling loss. Guys a meme and a dunce.

>>17929201
>only 2 months
Anon, it is over. We will never return from quarantine.

>>17929201
Get lucky on penny stock CV plays, basically. Feels bad, man.

>>17929216
Dropped from 211 to 175 in a month

>>17929186
Absolutely. You could tell how he was doing calculations on the spot during that call. Reminded me a lot of Buffett's talks.

>>17929201
One thing we can advantage of is uncertainty. Maybe the market is pricing in that things could get worse. If, as individual speculators, we take as certain fact that the markets will continue to get much worse, we can make relative gains simply by sitting on the sidelines and eating our popcorn for a little bit. Aside from that, very little looks bullish in the near term. Something like SNSS can make a lot of money just because the lines on the chart go up and down so wildly.

>>17929211
see>>17928982

>>17929208
kek now's the time to loot and steal apparently

>>17929259
Fuck off retard

>>17929226
>Watch out for FOMO man. Don't regret the gains you COULD have had if you'd called the top
You are speaking good sense anon. I am definitely feeling fomo. That little bump at end of day cost me a lot of extra money so im annoyed and trying to chase it. Probably means i will make a big mistake when i get like that. Ill wait and watch what happened tomorrow.

>>17929211
This is the 28-minute video I watched earlier. In case you profit from this advice, I retrieved the link just now by searching "CNBC Bill Ackman" in the DuckDuckGo web search engine.

https://www.cnbc.com/2020/03/18/bill-ackman-pleads-to-trump-to-increase-closures-to-save-the-economy-shut-it-down-now.html

>>17928961
Kek

>>17929259
There's a number of bullish factors for friday:
>government passing some kind of UBI bill
>end of week pump
>more fed shenanigans
>any good news will be hyped up by MSM beyond belief
The next big bearish news is mass deaths in Europe or USA starts actually testing and discovers we have 1M cases walking around.

>>17929272
OH NO I'VE BEEN SHILLING FOR THE CDC FOR FREE FOR WEEKS NOW. I'M NO BETTER THAN A JANNIE

>>17929272
Funny how in previous pandemics society didnt start attacking one another and looting. But im sure diversity is our strength somehow.

Is sqqq what usually gets shorted? Please bear bros, help me be a bear.

>>17928617
i HOPE NONE OF YOU GUYS BOUGHT CALLS FOR TOMORROW

FUTURES DOWN 5%

AAAAAAAAAAAHAHAHAHAAHH

Can't wait for house prices to start dropping... we should encourage the world to shut down for longer

>>17929287
>duckduckgo
there are people who really tor their 4chan experience? that sounds awful

>>17929322
SPSX is better, or just buy some SPY puts

>>17929322
SQQQ is a short itself already. Go with spy puts and calls for most options. The easiest etf to trade.

>>17929322
Just buy out of the money SPY and DIA puts expiring in two weeks. I target whatever the current price is on a green day minus 15 or 20%, usually where there's a gap in the price around $1 or less. That way you can buy an option for around $100 or less. Then just sell it when you have 50-100% profit.

Now you're a bear and are required to post bobo on every post.

>>17928697
>futures down 5%
buddy you're lo

>>17929322
I FUCKING HATE NEWFAGS

FUCK YOU, PIECE OF SHIT KYS. WHY DO YOU ASK STUPID SHIT? LOOK IT UP RETARD

>>17929273
Am I the retard? Look at this 1-month chart for SNSS's stock price. There's a massive sell off without any real deterioration in the underlying fundamentals, namely, that they are literally curing cancer and will make me lots of money when their trials prove it the other fundamentals don't really matter because it's biotech. Mr. Market says that curing cancer is worth less than 42 million right now... Even our beloved GALT, which is in much more sorry straits now than SNSS is, is valued by Mr. Market at more than double SNSS. Do you think that makes sense, my good sir? And let me remind you that SNSS is curing CANCER, while GALT is focusing on a much less glamorous disease that most people don't even think about.

>>17929254
That's where what I see many currently bullish investors are missing it. They are essentially jumping the gun and running at the red cloth so to speak. We have much further to go and I have not seen or even discussed any quantitative evidence that proves otherwise, especially from the ones who think now is a good buy in time. There is much more effect that has to take place in the timeline and it's all measurable if you're not too lazy to do it. Will the markets rebound from this? My goodness I can almost guarantee it. Will it be reasonable to assume we've hit the bottom before the end of April? I doubt it. I am, presuming the bottom to be around September/November, based on a very rough calculation as to what will and has taken place. We could see another 3-4% drop per week until liquidation flows into the markets. Even then people will still pull out of stocks for mortgage payments, rent payments, funds liquidating, etc. This is just the beginning.

>>17928697
>futures down 5%
buddy you're looking at ($$$) not $$$

>>17929140
based

https://www.youtube.com/watch?v=rOVXh4xM-Ww

>>17929361
Just for clarification, that's the SPDR S&P 500 ETF correct? Thank you

>>17929373
No..

>>17929374
Curing cancer ain't worth shit if you can't make a profit off it.

>>17929376
>especially from the ones who think now is a good buy in time

Did you miss the part where Ackman said he had started buying in again?

>>17929373
its tourist season, we go through threads like once every hour or two, no more same thread from 4pm to 8am

>>17929374

you can put your trip back on now bro

>>17929297
None of that outweighs the reality of the numerical and economical measure of the effects we are seeing in the future. I encourage you to run the numbers but based on such a post I'd assume you wouldn't find it worth your time. Government handouts to citizens is the opposite of bullish. Will it cause short term pumps? Probably. Will it offset jobs lost, spending decreases, and all other factors involved? Unlikely.

>>17929388
lol theres no end in site

Just watched that movie Knives Out and came to check futures. Looks like bull meats back on the menu.

>>17929398
>Just for clarification, that's the SPDR S&P 500 ETF correct? Thank you
yep.

https://seekingalpha.com/news/3552984-people-stop-pouring-money-worlds-largest-etf

Is it happening?

Did I really sell 95% of my puts right before the sharpest fucking drop?

I mean I made $3m on this but fuck that would be amazing to get in on.

Hopefully there's a fake pump tomorrow like there was today.

>bought TQQQ before close

poor bill

>>17929374
Price target and timeline?

>>17929344
I think you took my advice for buying MRNA. Here's where I'm at. I'm holding from 22. Something's not adding up on how its price has moved. The only one to have a vaccine in trials and it's movement is so muted. Meanwhile the one to come out with test kits jumps 300% in hours and others jumping more on announcements alone. I'm going to keep holding, because there's someone manipulating this behind the scenes. Anyway, wanted to share that.

>>17929418
I ALMOST did it. Almost. Thank god.

>>17928812
>mfw stayed home from work today

>>17929216
Interesting. My thinking is they will survive just fine no matter how low their stock goes, so therefore it won't go very low. But the market isn't logical like that so maybe it will crash and then shoot up again

Any update on trump bux?

>>17929406
If I were SNSS Anon, I would actually understand the science behind why they are curing cancer. All I care about is (1) that they are going to cure cancer, and (2) that they will make me lots of money.

Been trading stocks. Not getting nearly enough gains. Thinking of dabbling into options tomorrow by buying puts for the first time. How hard am I setting myself up to fuck up?

>>17929201
I don't understand how we are above $200 if lockdown lasts 14-18 months IF we can even discover a working vaccine.

>>17929418
Just be up at open and look for an exit.

>>17929444

>>17929420
He's worried about his dad who he apparently has been imprisoned in his mansion somewhere in isolation. He wants the virus gone fast so he isn't imprisoned for years while we half-ass the fix. He won't get what he wants though

>>17929361
SPY puts have a fucking ridiculous IVs/premiums that you're better off going for Russell ETFs or something. It's essentially the same bet on the general direction of the market, but you don't pay $15 premiums.

>>17929427
I don't know. Higher than it is now, sometime in the future. Keep in mind that at the current price, if it goes up a nickel, you've made something like a 10% return. I expect that I'll be able to sell for much higher than that in the not-too-distant future.

>>17929437
I had my order set and submitted but my brokerage had a msg pop asking if I was sure, and I cancelled instead.

>>17929402
Ackman is smart but not perfect. Also, stocks are case by case. Not just blanketed. You cannot think just binarily with stocks, that is how you lose money, and probably a part in why the phrase "you can't time the market" came about. People fail to see the future all too much. That's where the money is. Seeing the future and putting forth the effort and time/energy to let it speak to you.

Life is not all binary. Think quantum computing. Fluidity. Not just yes or no. It's too simplistic and needs more mental acuity/refinement to be gauged accurately.

>>17929445
Fuck off retard. Nobody is curing all cancers with a magical wonder drug. Shill elsewhere.

>>17929434
>I think you took my advice for buying MRNA.
no. i read a news article.
I already took my profits and moved on.. was in around 26 with calls.. made good gains.. looking to by puts on it soon as it's probably gunna be a buy the rumor sell the news.. it might have some more meat on the bone.. but i think there are other trades out there that could be made during this weird movement on MRNA

>>17929414
I appreciate your advice, firend, but, let's say I am a poor fag. The SQQQ can be shorted for 0.85 cents a share. I can't afford the SPY.

Is it still worth it to invest in the SQQQ?

>>17929480
Thats a good idea actually, i havent checked out the Russell much. Thanks.

Have they explained why futures haven't gone limit down yet? It's hit -5% multiple times.

>>17929459
There's already a candidate that's started trials and every healthcare company in the world working on it.

>>17929418
>tfw almost bought calls
>bailed out when it pumped at the last moment

>>17929493
Yeah I smoked weed once too

>>17929501
>>17929434
also funny that i mentioned it in here multiple times and nobody even took a second look and then it gaps up and climbs... funny how nobody ever responds to good trades in here huh?? I've seen many anon posters in here post about a ticker that nobody replies to then all of a sudden it climbs more than 50% ... then i see people constantly shilling shit that just goes down.. like AMRS and AMRN.. and many others... fucking weird...

>>17929492
based broker

>>17929513
people still willing to trade under -5%

but it seems the bots have found a way around this, so jews are still making mad money

>>17929493

That's a lot of words to say that your argument is internally inconsistent.

your picks aside from spy puts to make money when IV and premiums are sky-high?
I cant afford shit as a poorfag
I'm thinking EWW and maybe YELP

>>17929480
Eh I shorted the Russel from 120 to 105, it was okay. Honestly with this much volatility, you just need to suck it up and pay the premium, and hold. It'll probably go down at some point, hold or buy more.

>>17929490
>>17929427
Here's some actual information. Some more news will come out later this month (Cohort 6, 400mg), which, if good, could pump the price. About Cohort 7, it says, "We expect first response assessments for these patients in the second quarter."
http://ir.sunesis.com/news-releases/news-release-details/sunesis-pharmaceuticals-reports-fourth-quarter-and-full-year-13

>>17929388
>that "quick reminder" at the end
lol

You guys laugh at the SNSS anon but he maybe right

JUST

>>17929438
nice

>>17929388
MASSIVE KEK!!!!!!

careful fellas... your black swan could get black swaned
https://old.reddit.com/r/Coronavirus/comments/fl3iot/some_sarscov2_populations_in_singapore/

>Dow is going to make a full recovery when Trump signs into law the $2000 neetbux for all

we got too cocky bearbros

>>17928655
Do you honestly expect Dow to hold 19k when NYC hasn't even gone into lockdown yet?

I decided to stop ignoring my gut and move everything in my retirement funds to money markets. I'll go back to my former allocation when schools aren't being kept closed for peoples' safety, so hopefully sometime by late summer.

>>17929572
>after hours +3%

>>17929505
>The SQQQ can be shorted for 0.85 cents a share
Yes but shorting the SQQQ is expecting the market to go up. Shorting TQQQ is expecting the market to go down. Shorting SQQQ is not the same thing as taking a put on SPY. You are doing a short of a short, ie an long.

>>17929522
It's not wise to treat sound reason with such contempt. Jokes have a time and a placr, but that was poor judgement friend.

>>17929560
high margin on 3x ETF's are your only other option and thats dummy risky

>>17929297
Every single Monday has been a blood bath and there is no indication it will stop.

>>17929587
>mutation emerges that makes the mutant variant of the virus far less contagious
>surely this variant will overtake the existing, far more contagious one

>>17929438
get back in the cage
Jeff is watching

>>17929546
Misunderstood and inconsistent are different things anon. A lazy or poorly refined mind cannot differentiate the various compartments to a case. It's like a building, not a sheet of paper. Re read and understand what it was I'm communicating. It's not rocket science.

>Australian Gov bans all non-residents from entering Australia
Hahaha holy fuck, Where's based Tones right now?
all it took was a cough to pull up the drawbridge

>>17929444
>Word on Yangbux/Trumpbux?
Various congress critters trying to smuggle their pet rider in it = delayed again
Pelosi and Trump arguing on what amounts go to whom = delayed again.

It will magically all get sorted Friday morning just in time to for a Friday afternoon market rally & so plebs can go into the weekend knowing at least they'll be able to make rent and bills during lockdown.

>>17929587
why use old reddit over reddit?

>>17929388

>>17929604
nah, got walloped with a bunch of calls when the world started quarinting., held one day too long and got wiped.
Now looking to at least earn a little for the climb back up in a few months

>>17928655
post your rolls double ply chads

>>17929599
Look, man. I am poor. I missed the food panic because I was working. I have 100$ max I can work with today.

What would you buy puts on right now?

>>17929621
I pray to GOD there is a rally friday so I can buy some puts

its simple
we shut down the whole world

>>17929516
>tfw I intended to do this but I had a phone call for my wagie job and I missed close

I’m not gonna make it bros
It was a fun experiment
Goodbye

>>17929636
there is nothing worthwhile to buy for 100 dollars, be less poor

>the 55 year old American Pooper

>>17929633
im not even trying to be mean, but why didn;t you close your calls when you had the chance?

>>17929595
>After hours meaning shit
I bought puts because CVX is DOUBLE FUCKED!

>>17929623
it's less faggoty

>>17929615
you are not smart. please be careful and keep this in mind when investing

If I’m given any NEETbux I’m putting it all in SPXL and not checking on it for 5 years

>>17929571
Just for the record, I'm not the SNSS Anon. The main stocks I've shilled here are ODP (Office Depot) and LCI (Lannett Co., Inc.), both of which gave great opportunities to make money last year, and I have not been regularly posting or even browsing these threads since late last year. As for SNSS, aside from the actual prospects of the company, if we look at SNSS Anon's stock picks as posted in these threads, at least as far as I have seen, a simple gambler's fallacy analysis shows that he is probably due for a big win on this one.

>>17929456
Do not buy puts tomorrow. Wait for a green day. Your patience will be rewarded.

Just realized I've only seen SPCE mentioned here maybe once in the past week, kek

>>17929642
It really is. I told you guys days ago the United States would under react and would suffer all the more for it. The country's pride and arrogance has numbed it's ability to properly foresee the future and there's a price for self righteousness. Always a net negative to the one who holds it.

>>17929642
He isn't wrong though

>>17929618

You say in 20-30 words what can be said in 5. I can understand you perfectly, you're just very inefficient and unresourceful in your choice of words. Not to mention peddling contradictory ideas. At least you briefly admitted to your mistake before promptly revising your argument and moving the goalpost.

Someone wamt to guess why dow futures has been a pit fight at the 19k mark the past few hours?

>>17929661
>im not even trying to be mean, but why didn;t you close your calls when you had the chance?
Greedy, held one day too long, thought, what's the worst that could happen, no joke. Corona wasn't even a big deal and then BOOM korea quarinties and explodes

>>17929642
yes

>>17929565
Ty

>>17929663
>buying puts on an already down stock
please dont tell me you did this

>>17929670
>it's less faggoty
how? I use RES so maybe I don't see the raggoty normal to reddit often

Are your guys puts naked?

>>17929402
Even Buffett bought early in 2008. He's just averaging down.

>>17929344
What effect do you think current events will have on house prices. Any other forecasts that you have seen that are worth reading?

I didn't check news for a week and there are now 10k infected in US? WTF?

>>17929663
Hmm, I was thinking of buying CVX outright for the sweet divvies on a hammered stock that can limp along on just it's retail for a few months.
What's your strike price on those puts?

>>17929710
>puts
You bet, and they are already 30%
Going to short GUSH too.

>>17929717

That's more like it. That's an appropriate counterpoint to my post.

>>17929688
Surprised it’s still above its 2019 lows DESU senpai

>>17929684
Excellent advice. Although I would say now is a good time to start implementing spreads, but you need to make sure both sides of the spread have a high probability/propensity to land in your profit margin. The up days may decrease now but there is still money to be made on the considerable pumps, just make sure your numbers line up and you're looking through your sights and not beside the barrel if you get my analogy.888888888888888

In 2009 there was every reason in the world to continue holding short positions on the market, but it started reversing, and everybody was swearing up and down that it will come back down and continue down because there was no good reason for it to go back but, but it did and people lost a lot of unrealized money because they were greedy idiots that thought they figured out the secret code to bear markets and were high on their own unrealized victory. The end.

>>17929723
confirmed infected. real number is much higer

>>17929697
F

We all learn our lesson in risky markets being greedy. Lost 80k in Crypto being greedy on margin and now im much more cautious in options trading because of it. Luckily I saved 10k and I only initially invested 2k

>>17929642
He's right though. We should do the 30-day Spring Break before it's too late. All these kids still hanging out in groups, and there's one church that's defying directives for social distancing.

>>17929725
mirin' your balls anon, but please don't get too cocky

>>17929734
IV is too high for spreads

>>17929691
What are you trying to produce here? It seems like some sort of "I'm right you're wrong" case, which is very childish. Let us remove the hostility from our interactions that we can both benefit. "Iron sharpens iron".

>>17929416
no tomorrow our chad president is going to pump the markets bigtime with his gigachad powermoves and ubi announcements. they are going to announce bailouts on all the other industries

>>17929744
lost 7K, have 1K left, want to make up the difference but fuck me man, missed the boat on everything haha.
Kudos to you on being better and working things out for the best

>>17928617
I have thousands of dollars en route to my robinhood account. A decent chunk of my savings HOWEVER I'm young so I can consider taking the risk.

Considering writing (selling) options to make easy money off of the high premiums. Get the vibe I should be buying puts though, considering all those people making easy money. Advice?

>>17929434
>>17929434
dont forget TMO, QGEN, DGX, RHHBY


also if you trade on canada grab ADVZ

WTRH SAVED MY LIFE (BOUGHT AT 0.60)

AND THEN I CASHED OUT (2.00) AND IT WENT PLUS 0.60

THINK IM GONNA DO ANOTHER 1k STOCK RUN ON IT TOMORROW

>>17929756

I'm trying to take you down a peg. You're on /biz/. Let's not run away with ourselves by posting flowery metaphors and poetic musings.

>>17929752
Not entirely. Of course it depends on the security you're placing spreads on, but money can somewhat easily be made on both sides of the isle. It's mainly about timeline execution, hedging, probabilities, and so on. As with any type of investing.

>>17928709
Advice. Was bearish back in September 2019 and got wrecked.

>>17928685
Lol I have a decent chunk of my savings en route to robinhood. What are your plans?

Im planning on buying puts just not sure what yet.

>>17929444
dems are working hard to block it

>>17929778
I refuse. That would benefit noone.

>>17929710
bruh listen I was on Reddit in 2006 trust me it's less gay this way

>>17929723
It's pretty predictable

Can someone explain why a single unit put on SPY is like $1500 to buy? I’m still trying to figure all this out, ToS user if that helps.

>>17929724
>>17929752
APR09 CVX PUT $50 at $3.50
APR17 MAR PUT $45 at $2.50
MAR27 SPY PUT $240 at $9.80
I had some UXVY calls at 80 for Friday but got weak hands and sold at a loss Tues, would have been worth 4x Wed.

>>17929764
>Considering writing (selling) options to make easy money off of the high premiums
do it mate, post the results for us to see lol

>>17929793
>apply for loans
Usury is a sin, kike.

>>17929761
>want to make up the difference but fuck me man, missed the boat on everything haha.
After I saved my 10k I lost it all with that mentality - dont try to make up the difference

biggest tip is to just take it slow and write off your losses as a lesson
>>17929781
All spreads im looking at require a 15%+ movement, any example of a stock you'd put a spread on?

>>17929671
SPXL is literally meant to be held for one trading session then sold.

>>17929795

What benefits everyone is clarity and intent. Not obfuscation. Speak clearly and succinctly, and people will appreciate you for it.

>>17929809
lol

>>17929739
People were less online then though, by a long shot. Smartphones hadn't ruined everything yet. This situation is very different psychologically. Also don't forget that everyone can still remember the last crash. In 2009 people were blindsided

>>17929720
I think it'll be a mix of things like people starting to realize they are old and start to liquidate properties (have seen this before personally with people I know) they liquidate properties that give them the most trouble or don't earn as much as other.. Also I see a lot of boomers kids looking to down size now that their kids are out of the house... also see a lot of people getting worried about house payment if their job is gone for a few months and they realise they don't need the house the size that they have.. just a lot of things that I think might lead to an over supply of housing and not really a lot of demand... atleast not at the prices they are currently at... but thats just my opinion and I hope it happens

>>17929723

Exponential growth. We'll outmatch China in a couple weeks at this rate.

>>17929806
Multiply the price by 100 because you can only buy options in groups of 100 stocks. High volatility also increases the price.

>>17929806
because we live in a world where every one and their mother recently opened a robinhood account to "make easy money" without knowing what the fuck they're doing

>>17929787
Either doing puts on Spy or calls on SQQQ. I haven't dabbled in options before because the whole thing was super intimidating so I will probably fuck myself over.

>>17929764
>writing options
Oh Jesus I hope you have the stocks atleast

>>17928798
Sleep, warrior.

>>17929688
they just canceled their 6 satellite launches this weekend due to problems

I'm nervous but hopeful. Futures are all over the place, I miss the days when we just limit down..remember wayback like yesterday? Man that was the day.

>>17929809
>post the results for us to see lol
Lmao I get the feeling you're telling me it is a bad idea. Or are you serious?

>>17929831
Whatever the cause, I hope things do turn out that way. I need a bigger house to make room for all these children my wife keeps having!

>>17929853
>If green I buy puts and hold old puts
>If red I take profits

>>17929840
Oh i got screwed hard back in september 2019 and then went away for a few months. Lost several thousands.

>>17929856
its a good idea, we want to see how much money youll make

>>17929837
I understand the blocks of 100 part, so it’s just a matter of “shits expensive right now” then?

>>17929811
>Usury is a sin, kike.
At the end of the day, this is taxpayer money. So the Dems aren't trying to just give away 3 trillion dollars (the vast majority of which will go to corporations who've pissed away 10 years of largess on buybacks and dividends).

The GOP wanted to just give away money condition-free in 2008 too. By 2023 the GOP will be Reeee-ing about Fiscal Conservatism to President Biden, its inevitabbable.

>>17929802
I put this data in excel and extrapolated it using a polynomial curve

Expect 100k in a week or two

>>17929844
Writing naked calls in sufficient quantities is basically the same thing as printing money.

>>17929853

I wish I was as bold as you. Sold my puts today for a modest gain due to uncertainty, and not enjoying the stress that came with checking the ticker constantly. You could say I took a small profit and paid the remaining unrealized gains for peace of mind. Hate not to be holding through a drop like tomorrow though. Always feels good to wake up to a circuit breaker.

>>17929856
If you write an option and someone exercises it, you better have 100 stocks of that option otherwise you’re boned

>>17929840
Just do spy, not starting out the riskiest way possible on fucking leveraged ETFs in a volatile market. Buy something far out and just watched how the premiums swing daily before you fuck around like that.

>>17929853
risky move considering big Trump pump news coming tomorrow

>>17929887
not if you have a car

>>17929853
i remember when 2% either direction was something to be excited about. now nothing short of hitting limiters means anything. crazy times we're living in.

>>17929287
Thank you. I just finished the 13 minute clip on youtube.

Ends with “and if the president has to bring out the national guard, i dont think that’ll be necessary, but if it is...”

>>17929844
When its calls I intend to own the shares so Im basically either long term holding even if it crashes further or I sell it for a profit via contract.

>>17929869
I have been bouncing back and forth.

>>17929890
I'll go with spy. Prob wont do naked either because that's just asking for a world of pain.

So where is the money going? Gold is down. Inflation is down and money is becoming worth more despite the fed pumping. WHERE IS THE MONEY?

The Tachyon token help to ensure the network is driven by the community participants, and not the Tachyon team, with this the vitality of the project is prolonged.

>>17929317
Do you really think people weren’t killing eachother during the plagues?

>>17929914

Based.

>>17929885
That was my plan, but especially my NFLX spiking to $4, got me greedy. Almost sold everything 10 times today. Luckily this is all profit I'm playing with, so it helps the hands. I will likely be out of my AAPL positions tomorrow.

>>17929900
Instead of say something he took a picture . What a pussy

>>17929891
>Cheap Gas!
You can't drive anywhere and do anything
>Have a couple free thousand!
To pay bills while your out of work, and try to fight for supplies
>We're bailing out the same fucktard corporations who STILL haven't learned to put away rainy day funds!
Yay, just fuck my deficits up, Senpai!

If we are lucky, Trump won't tell everyone he saw this coming months ago (again) or that he's appointing Kushner to be the new head of the Fed.

>>17929764
Sell 500 contracts for spy 240p 3/20 you'll be a milllionaire overnight

>>17929879

It's a matter of "everyone and their mother is buying SPY puts, and it's almost a certainty that the price will continue trending downward for the foreseeable future". So that factors into the price calculation.

>>17929873
>>17929887
Idk why but im getting stoked.

>>17929900
Lol


Have you seen what those guys on wall street bets pull!? I wanna see that stuff happen here
>Its hapooning!!!

>>17929920
Yes actually, society didnt use to be feral animals hacking at one another with nonwhites shitting all over the place.

>>17929374
Kys tripfag

>>17929952

Okay, joke's over. You're very funny.

>>17929853
display this as total returns not last price we wanna see your sick gains brah

>>17929908
Do you have an idea of how it works? If you do I must still warn you that there is a risk you lose money. Had no idea what I was doing months ago on options besides
"Hehe money line go up"
"Ahhh money line go down"

Two congressmen tested positive. Today's gonna be another red day right?

>>17929793
>we will tax US citizens for facilities we run at a premium
>we will charge a small interest fee for loans business owners need
full kikery. It's all so tiresome.

>>17929965
You ought to read about the fabric of society during the 1918 Spanish Flu epidemic.
America had maybe weeks left before everything unraveled. You don't have to go back to the middle-ages.

>>17929806

>>17929140
>>17929943
This is financial crisis 2...
In that way, it is like Weimar. It’s the second round of a problem that wasn’t fixed the first time around.
>>17929965
I dunno man I think rape and murder were much more common but harder to prove. Think about the shit you might’ve done as a teenager if you didn’t think you had to worry about fingerprints or surveillance cameras.

>>17929814
Under your parameters I know none. My spreads are created off of probability, market drivers, human behavior, etc, not just a number I picked out and blanketed regardless of success rate. It's case by case.

>>17929817
Then perhaps you do not actually understand what it is I'm communicating, pointing to current incapabilities or refusal of expanding capabilities on your end, not my own. I speak in such a manner to keep things reasonably accounted for, and described of properly (measured). Oversimplification is not smarter, it's just lazy. It's not wise to communicate on such complex (by many people's standards) with such brevity, and descriptive lack. Would you describe to a sketch artist the features of a persons appearance in such a way as well? Or perhaps how would you properly communicate about some sort of multifaceted system, with different compartments, functions, and so on.

>>17930005
>>17930005
>>17930005

NEW


>>17930005
>>17930005
>>17930005

>>17929993
I love how all of you Libertarians are turning into Bernouts looking for free gov't gibs now.

>>17929997
>America had maybe weeks left before everything unraveled
Just like every society that has unraveled from other pandemics. Oh wait there isnt any.

>>17929946
I mean if it crashes yeah but this is literally gambling for an all or nothing in a very short time frame
...
cuts through all the leg work i like it

Now if only i had the balls to do it. Id post it here and see what happens. Albeit Im also waiting for funds (thousands) to arrive to robinhood so currently only have about 1k to play with.

>>17929989
I know the basics for puts. With naked you're totally exposed to get ass raped. With contracts you have a cap on your losses but you also only make money based on the delta of the contract.

>>17929900
"With a car you can go anywhere"

>>17930035

>>17930000
Absolutely based and quad-zip pilled

I still don’t know how to use this shit though

>>17929689
It’s just that whichever political party is in power doesn’t want to cede power by letting economic activity and the stock market go to shit.

The backup plan WAS war with Iran if it looked like trump was going to lose. Now I’m not so sure.

>>17929947
Yeah that makes sense, thank you. I’ll probably give it a try next green day and see what happens.

>>17930035
Read a book, nigga.

>>17929943
itll mostly be about the FDA approvals for virus drugs and tests which will give people hope again

>>17930043
I HATE NIGGERS

>>17930089
Yeah
Not even gonna dump my SDOW even though we could easily get another short covering rally and pop up 10%

>>17930000
IS THERE A VERSION WITH LESS COMPLEXITY?

>>17930314

>>17930320
ok. popping an addy and digging into this

>>17930365
puts are like calls too, just swap two + and - signs

>>17930365
>he has to use drugs to understand maths
holy fucking shit you are never gonna make it
actually a fucking addict lmaoing @ your life rn

>>17930399
>people dont have legitimate prescriptions
fuck you prick

although fuck you zMeGAAMu if it isnt script, because people like you cause fucking shortages

>>17929913
I'm a bit perplexed as well on that.
Could it be because all the stocks are built up by fractional reserve based make up cash rather than the cash that people actually use to buy goods.

Stocks is also of course a logarithmic thing for the company value rather than a strict multiplication of current stock price x number of stocks. This is because once people start selling the value goes down with it.