My AMD calls and Comerica puts got destroyed. Why the hell is Comerica up 3% after such ****ty earnings?

fightintxag13 said:

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I don't think a full out war between Russia, Saudi, and Persia could do much for oil while the corona has us all locked up. Although it would be fun to watch.

Will Meade just mentioned scuttlebutt about really bad data coming on Mortgage forebearance and delinquencies, when does this data get reported?

How low do we go today? 270?

Every knee shall bow and every tongue shall confess

Well, as violently as this went to $20 and then negative $40, hopefully OPEC cuts big time, smaller companies hang in for 6 months without going bankrupt, and then when demand comes back everything returns violently to the upside.

I just heard the same from a big producer in that area. It may be overly fearful, but that industry is really worried right now.

Should I go ahead and cut my losses on TOPS?

AggieKeith15 said:

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How low do we go today? 270?

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Don't know today, but think we hit 263 soon.

It was a play for the first 30 minutes. Shouldnt hold to long.

What is the best way to short commercial real estate?

Every knee shall bow and every tongue shall confess

Fightin2010 said:

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What is the best way to short commercial real estate?

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Yeah, we still haven't figured this out. I saw something about Niemen Marcus' landlord with the biggest position was $SPG......

Every knee shall bow and every tongue shall confess

IYR

Every knee shall bow and every tongue shall confess

My wife works for a large tech company and I do not think they will go back in the office for a long time. Some may not at all because they are doing so well remotely.

McInnis 03 said:

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Will Meade just mentioned scuttlebutt about really bad data coming on Mortgage forebearance and delinquencies, when does this data get reported?

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A lot of tech companies have been moving less essential personnel to Reno. Still close to the bay and real estate is 1/3 the cost.

Fightin2010 said:

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My wife works for a large tech company and I do not think they will go back in the office for a long time. Some may not at all because they are doing so well remotely.

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Yep, the productivity tools for our call center has shown significant uptick in the work from home state. We may use it indefinitely.

This thing will change how the world works for sure. Companies are realizing renting space and paying for electricity to have people be less productive is silly.

OverSeas AG said:

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I would. It seems like the play was to buy before start of day, and sell in the first 30 min. Since then it seems to be declining.

I dont know enough about the industry to know if OPEC making cuts sooner would impact this stock.

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Yep, high in extended hours was 0.333 and we just crossed that within the opening 10 minutes and then dropped. I don't know why I didn't sell half the position there!

Rice and Fries said:

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McInnis 03 said:

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Will Meade just mentioned scuttlebutt about really bad data coming on Mortgage forebearance and delinquencies, when does this data get reported?

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https://www.housingwire.com/articles/nearly-3-million-borrowers-are-already-in-forbearance/

It appears the forbearance issue is already much more significant than federal decision-makers thought it would be.
Federal Housing Finance Agency Director Mark Calabria told HousingWire last week that his expectation was that approximately 1 million GSE mortgages will be in forbearance by May, but new data from Black Knight shows that the number of GSE mortgages in forbearance already far exceeds Calabria's projection.
According to Black Knight, nearly 1.4 million borrowers whose mortgages are backed by Fannie Mae and Freddie Mac are already in forbearance.

Does anybody here short selling SPY? It seems like everybody is only doing put options. I'm not really comfortable with options yet and was wondering if just shorting SPY was a good alternative.

Every knee shall bow and every tongue shall confess

FishyLamar said:

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Does anybody here short selling SPY? It seems like everybody is only doing put options. I'm not really comfortable with options yet and was wondering if just shorting SPY was a good alternative.

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I just buy SPXS as an equivalent.

570 got just a few hits as well even though he's talking about 600.

You could just buy SPXS. Less risky than options but same effect.

Rice and Fries said:

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Rice and Fries said:

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McInnis 03 said:

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Will Meade just mentioned scuttlebutt about really bad data coming on Mortgage forebearance and delinquencies, when does this data get reported?

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https://www.housingwire.com/articles/nearly-3-million-borrowers-are-already-in-forbearance/

It appears the forbearance issue is already much more significant than federal decision-makers thought it would be.
Federal Housing Finance Agency Director Mark Calabria told HousingWire last week that his expectation was that approximately 1 million GSE mortgages will be in forbearance by May, but new data from Black Knight shows that the number of GSE mortgages in forbearance already far exceeds Calabria's projection.
According to Black Knight, nearly 1.4 million borrowers whose mortgages are backed by Fannie Mae and Freddie Mac are already in forbearance.

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CNBC just had the head of the MBA (Mortgage Bankers Assc.) saying estimated 6% of all home loans are in forbearance. This is only from March/April mortgage payments. We will see how many make payments for May.

June WTI in the $12.XX range

Majors only down ~1-3%

These guys more correlated with market movements than they are with the price of oil?

Looks like a bunch of Lyft action