I've mentioned wtrh here a few times, anybody in it? Tripled in the last week or so, reported great earnings apparently and food delivery is great during an epidemic!

Trump wants a Trillion dollar bailout. Ho.lee. Fug.

Holy ****

This is such bull****

IrishTxAggie said:

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Depends on the exposure you want with the volatility. SPY can be shorter. SPY are MWF. I typically stick to weeklies of late with in and out within 15-20mins. The gapping the past 4 weeks could be euphoria or suicide if you held overnight

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High exposure on this. My trade duration would be intraday almost always. Lets say tomorrow I project a 2% move up on SPY from open that will occur sometime before close, and I would exit my call before EOD. How far OTM or how close to ITM would I want my weekly call in order to maximize profit?

This tweet has been walked back.

read the six tweets in this thread

wrong thread?

meh - related to stock mkt. but yeah maybe wrong thread.

Aggie09Derek said:

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read the six tweets in this thread

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That guy is pretentious as ****. I wouldn't have listened to that ****** either

leoj said:

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Holy ****

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I could see 20% with no one flying, buying cars or using the service industry or drilling with all of the ripple effects those entail

Oyster DuPree said:

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Aggie09Derek said:

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read the six tweets in this thread

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That guy is pretentious as ****. I wouldn't have listened to that ****** either

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No doubt. And who knows how good the material was to begin with.

To come closest to the effect of trading futures, you want to trade Deep ITM options on something with high liquidity like SPY.

You want to pick a strike that has high volume, tight bid-ask spreads, high Open Interest and a Delta that is closest to 1. Expiry wont matter much, as you'll notice that other greeks including theta play a very small part in movement of the option price and hence you don't have to worry too much about them.

And since you are a futures trader, you most likely have set profit and stop loss levels, so I expect you're disciplined.

Aggie09Derek said:

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May pick up some KO (coca-cola) tomorrow, looking good for entry for a long term hold

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pep would have been good yesterday

Holy ****.

Is this another Futures breaker down night?

We've seen this movie.

Edit...It bounced just as I posted this. You're welcome, guys.

jj9000 said:

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Holy ****.

Is this another Futures breaker down night?

We've seen this movie.

Edit...It bounced just as I posted this. You're welcome, guys.

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Just sell a bunch of shares since you can't buy puts AH.

Works every time.

Quote:

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Halliburton Furloughs to Impact 3,500 Houston Employees -- Market Talk

2337 GMT - Oil-field services firm Halliburton Co. will begin a mandatory furlough next week that will impact 3,500 employees at its North Belt campus in Houston, as it attempts to manage costs in an energy price slump, the company tells the Wall Street Journal on Tuesday. Employees will be scheduled to work one week, and then take the next week off, for up to 60 days. They would not be paid or permitted to work on their week off, though health insurance and other benefits would still be in place, it says. "We believe moving to this schedule will allow us to best manage costs and provide full benefits for our employees during this difficult market," spokeswoman Emily Mir says in an emailed statement.

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FUJIF

Fujifilm owns the IP to an antiviral called favipiravir (trade name Avigan). It was originally developed as an antiviral for flu, I believe it's been used for ebola as well.

Shinzo Abe (PM of Japan) name dropped it on TV. I'm still digging into this but it looks interesting (no position yet). FUJIF was up a lot yesterday.

interesting, a quick scan of news articles says the drug is effective against Covid and that it's being used in China.

Prognightmare said:

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Quote:

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Halliburton Furloughs to Impact 3,500 Houston Employees -- Market Talk

2337 GMT - Oil-field services firm Halliburton Co. will begin a mandatory furlough next week that will impact 3,500 employees at its North Belt campus in Houston, as it attempts to manage costs in an energy price slump, the company tells the Wall Street Journal on Tuesday. Employees will be scheduled to work one week, and then take the next week off, for up to 60 days. They would not be paid or permitted to work on their week off, though health insurance and other benefits would still be in place, it says. "We believe moving to this schedule will allow us to best manage costs and provide full benefits for our employees during this difficult market," spokeswoman Emily Mir says in an emailed statement.

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moses1084ever said:

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FUJIF

Fujifilm owns the IP to an antiviral called favipiravir (trade name Avigan). It was originally developed as an antiviral for flu, I believe it's been used for ebola as well.

Shinzo Abe (PM of Japan) name dropped it on TV. I'm still digging into this but it looks interesting (no position yet). FUJIF was up a lot yesterday.

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Grown Pear said:

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rcannaday said:

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This is the worse type of recession or depression because it hits all industries equally hard. Every day I drive by a small mom and pop restaurant or store I just feel for the people who are waiters/busboys/hair stylest. It's sad to see so many make light of this online. When I was a young trader in 08-09' I thought it was so much fun and interesting seeing things move like this. Now with kids, a house, and other responsibilities it brings me back to the movie Big Short, where the trader yells at the two newbies about how people will lose jobs and homes. I hope for the best, and that a treatment/vaccine can come online quickly.

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This should be seen again.

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Completely agreed. These are rough times but most of us here are fortunate enough to help these businesses when everything passes. I always try shopping locally, using small town banks etc. but we all need to be even more aware of the need when this is all over...

So looks like we are going to test that 237 again?

moses1084ever said:

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FUJIF

Fujifilm owns the IP to an antiviral called favipiravir (trade name Avigan). It was originally developed as an antiviral for flu, I believe it's been used for ebola as well.

Shinzo Abe (PM of Japan) name dropped it on TV. I'm still digging into this but it looks interesting (no position yet). FUJIF was up a lot yesterday.

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https://asia.nikkei.com/Spotlight/Coronavirus/China-says-Japan-developed-flu-drug-works-against-coronavirus

There seem to be multiple tickers for Fuji... There's an equity traded on the tokyo exchange as well as at least 2 that trade as OTC pink sheets. FUJIF and FUJIY

https://www.reuters.com/finance/stocks/lookup?search=FUJI&searchType=any&sortBy=&dateRange=&comSortBy=marketcap


Edit: Shares on the Tokyo exchange are limit up

https://www.reuters.com/article/us-health-coronavirus-fujifilm/fujifilm-holdings-shares-hit-daily-limit-high-on-china-coronavirus-drug-trial-boost-idUSKBN215025

I thought LADR was on sale at $10....whewwwww its really on sale at $6.

This is from 3/6 on TD Ameritrade. I have no idea about any of this but thought I would share the info.

"They should be really careful," said Leen Delang, a virologist at the Belgian university KU Leuven who has studied Avigan. "Women between, let's say, 18 and 40--they're not really a risk group" for the coronavirus "so I would not take them along in the trial."

A nationwide Avigan trial in Japan began this past week, led by Fujita Health University in central Japan. It aims to enroll about 80 patients who have tested positive for Covid-19 with no symptoms or mild symptoms, and will accept people as young as 16. Women will be tested for pregnancy and men will be required to pledge to use birth control for 28 days because animal studies suggest the drug can get into their sperm.

Japanese Prime Minister Shinzo Abe, a golfing partner of Fujifilm's chief executive and recipient of some $28,000 in Fujifilm political donations in 2017 and 2018, touted Avigan by name at a nationally televised news conference Feb. 29. Mr. Abe didn't name two drugs from American companies that Japan is also testing against the virus-- Gilead Sciences Inc.'s remdesivir and AbbVie Inc.'s Kaletra.

Government spokesman Yoshihide Suga said there was no connection between Mr. Abe's personal relationships and his naming of Avigan. Mr. Suga said Avigan was already approved by Japanese regulators in 2014 as a backup drug in case a new kind of flu emerged, and he said early evidence suggested it might be effective against the novel coronavirus. A Fujifilm spokesman didn't address a question about Mr. Abe but said the company was working with the health ministry.

Avigan hasn't been used in Japan for regular flu because studies in monkeys, rabbits and mice suggested that if a pregnant woman took the drug, it could cause deformities in the fetus or kill the fetus.

That side effect recalls thalidomide, a drug sold in Germany and some other countries starting in the 1950s and widely prescribed to pregnant women at the time. Thousands of children were born with deformities, but a Food and Drug Administration reviewer, Frances Kelsey, acted to ensure it was never sold in the U.S. Today, thalidomide and a related drug are sold as cancer treatments with strict controls.

Little SYBX went nuts at the close today

So what are the odds we see a wave of regional bank defaults from this? Will there be a portion of this bailout package that specifically targets them? If not, how do we play it? Are you guys aware of any data sources or major public regional banks that would be good to dig into?