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Last: 6 min ago by McInnis 03
Now BA needs to cut workforce and terminate supply agreements to bring down monthly cash burn, which they now can without the gov hamstringing them. Does news of those actions hurt the economy? Or are these bond buyers not real investors, and instead no strings attached lenders?
Calhoun has very limited choices, but so far he has done well.
Calhoun has very limited choices, but so far he has done well.
Futures were down about 2.5% or more and have started rallying a little. S&P down near 2830 earlier but back to 2850.
Hello Put people!
If you have both long term Puts and expiring today $287's then don't forget you can buy shares against today's expiring Puts premarket to lock in gains. I bought against 75% of today's expiring Puts under $285.
You then control the trade. Get a bounce premarket? Sell the shares. Go lower? Just wait early to see if bounce into open or initial move first 10 minutes after opening bell.
I've also sold covered calls for a couple of bucks near the money if around entry price of shares or above.
It's really fun on daily expiring Puts to use various strategies to lock and juice profits.
If you have both long term Puts and expiring today $287's then don't forget you can buy shares against today's expiring Puts premarket to lock in gains. I bought against 75% of today's expiring Puts under $285.
You then control the trade. Get a bounce premarket? Sell the shares. Go lower? Just wait early to see if bounce into open or initial move first 10 minutes after opening bell.
I've also sold covered calls for a couple of bucks near the money if around entry price of shares or above.
It's really fun on daily expiring Puts to use various strategies to lock and juice profits.
Those WYNN weekly Puts are over $4 in the money against $0.73 Put price. Bought 50% shares against to lock in profits and monitoring to buy them all on any move up of a %.
Now you know why Inwas ticked missing that premarket $92.40 short yesterday.
Now you know why Inwas ticked missing that premarket $92.40 short yesterday.
SQ Calls strategy change after taking huge chop so far AH?
Consolidating or just falling ?! Below $63 :/
Thanks, OA
Consolidating or just falling ?! Below $63 :/
Thanks, OA
Will have to see if this becomes a trend or if start of May was used to reposition by institutions.
If you took some profits yesterday I wouldn't buy back like we sometimes do. If capital is smaller then probably best to get out.
If you took some profits yesterday I wouldn't buy back like we sometimes do. If capital is smaller then probably best to get out.
My VXX has climbed about 10% overnight. Premium climbing this morning
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
During the limit downs it would jump ~20-25% overnightMcInnis 03 said:
My VXX has climbed about 10% overnight. Premium climbing this morning
Thx
Prognightmare said:If the markets pullback like I think, I'll go long BA in the 115-125 range. I'm not buying it tomorrow though.gig em 02 said:How big?Prognightmare said:
This is big.
Isn't this an incredible market. A virtually bankrupt company secured financing that keeps it afloat for a couple more years without having to surrender equity to the government and the stock price needs to go down before being a buy.
PMI out in a few minutes. Wonder if J-Pow slept in again
Oh I know. I figured all that money we're printing and rates we're manipulating should prevent those kinda days for awhile.IrishTxAggie said:During the limit downs it would jump ~20-25% overnightMcInnis 03 said:
My VXX has climbed about 10% overnight. Premium climbing this morning
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
#Mimosasclaym711 said:
PMI out in a few minutes. Wonder if J-Pow slept in again
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Those weekly Tesla puts would have been in the money lol. On to the next one though
BTW, happy May. Sell today and go away. See ya at the Halloween indicator.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
BA green in premarket?
That theory happens the Friday before Memorial Day. Still have 3 weeksMcInnis 03 said:
BTW, happy May. Sell today and go away. See ya at the Halloween indicator.
oldarmy1 said:
Hello Put people!
If you have both long term Puts and expiring today $287's then don't forget you can buy shares against today's expiring Puts premarket to lock in gains. I bought against 75% of today's expiring Puts under $285.
You then control the trade. Get a bounce premarket? Sell the shares. Go lower? Just wait early to see if bounce into open or initial move first 10 minutes after opening bell.
I've also sold covered calls for a couple of bucks near the money if around entry price of shares or above.
It's really fun on daily expiring Puts to use various strategies to lock and juice profits.
OA, of all the snippets of knowledge you have shared over the years, this is the one I took to heart a couple of years back that really helped me in trading options.
Whenever I open an options position with less than 3 DTE, I ensure that I have enough margin to go long the underlying in after hours trading in case of puts and vice versa.
I never like waking up to a 4% hit with all my positions showing red.
It looks like the stimulus isn't hitting the areas that will likely stay closed for a longer period of time. Should be interesting to see how this unfolds.
"A study by economists at the University of Chicago and the Massachusetts Institute of Technology found that 14% of businesses in New York were able to obtain PPP funding by April 15, compared with 44% in North Dakota."
https://www.wsj.com/articles/for-many-small-businesses-u-s-coronavirus-aid-falls-short-11588325404
"A study by economists at the University of Chicago and the Massachusetts Institute of Technology found that 14% of businesses in New York were able to obtain PPP funding by April 15, compared with 44% in North Dakota."
https://www.wsj.com/articles/for-many-small-businesses-u-s-coronavirus-aid-falls-short-11588325404
I assume 14% of businesses in New York is still a much larger overall number than 44% in North DakotaAggieKeith15 said:
It looks like the stimulus isn't hitting the areas that will likely stay closed for a longer period of time. Should be interesting to see how this unfolds.
"A study by economists at the University of Chicago and the Massachusetts Institute of Technology found that 14% of businesses in New York were able to obtain PPP funding by April 15, compared with 44% in North Dakota."
https://www.wsj.com/articles/for-many-small-businesses-u-s-coronavirus-aid-falls-short-11588325404
Fannie Mae's net income decreased 88% from last quarter ($461MM vs $4.4B in Q419)
McInnis 03
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Gross gaming revenue in Macau fell 96.8% in April to a lowly 754M patacas ($95M) as visa restrictions hampered any kind of comeback at all.
While a drop of more than 90% was anticipated and operators have the cash to survive for nearly a year of a "near-zero" environment, the headline number appears to be rattling investors.
Macau GGR is down 68.7% YTD and most analysts see a 40% to 60% drop for all of 2020.
In premarket action, Wynn Resorts (NASDAQ:WYNN) is down 3.55% and Las Vegas Sands (NYSE:LVS) is 3.75% lower. MGM Resorts (NYSE:MGM) is off 6.65% with the company's Q1 earnings report also being a factor.
Melco Resorts & Entertainment (NASDAQ:MLCO) is showing a 4.17% drop.
The MGM numbers and lack of a Macau recovery are also unnerving investors of U.S. regional players. Boyd Gaming (NYSE:BYD) is down 4.73%, Caesars Entertainment (NASDAQ:CZR) is 4.44% lower and Penn National Gaming (NASDAQ:PENN) is shedding 6.01%. The worst of the bunch is Eldorado Resorts (NASDAQ:ERI) with a 7.15% decline.
Glad I sold some ERI a couple days ago...wish I had gotten more out nowjj9000 said:Quote:
Gross gaming revenue in Macau fell 96.8% in April to a lowly 754M patacas ($95M) as visa restrictions hampered any kind of comeback at all.
While a drop of more than 90% was anticipated and operators have the cash to survive for nearly a year of a "near-zero" environment, the headline number appears to be rattling investors.
Macau GGR is down 68.7% YTD and most analysts see a 40% to 60% drop for all of 2020.
In premarket action, Wynn Resorts (NASDAQ:WYNN) is down 3.55% and Las Vegas Sands (NYSE:LVS) is 3.75% lower. MGM Resorts (NYSE:MGM) is off 6.65% with the company's Q1 earnings report also being a factor.
Melco Resorts & Entertainment (NASDAQ:MLCO) is showing a 4.17% drop.
The MGM numbers and lack of a Macau recovery are also unnerving investors of U.S. regional players. Boyd Gaming (NYSE:BYD) is down 4.73%, Caesars Entertainment (NASDAQ:CZR) is 4.44% lower and Penn National Gaming (NASDAQ:PENN) is shedding 6.01%. The worst of the bunch is Eldorado Resorts (NASDAQ:ERI) with a 7.15% decline.
Took a charge related to expected credit losses of $4.1B, estimating that over 1M single family households have requested forbearances. Expects continued lasting impacts to income from COVID-19 related events.Rice and Fries said:
Fannie Mae's net income decreased 88% from last quarter ($461MM vs $4.4B in Q419)
Spy has a support line at about 284.40 or so. Hovered on it in premarket for hours and is now lifting off of it.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Don't know if this is the rug pull or not but keep in mind cases are not going down while cities and states are opening up. Investors may get the picture that Covid is not going away. Patiently waiting for 2500.
Yep Dallas just had its highest case count yesterday.
Dale Earnhardts Stache
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AG
Anybody else having issues with Active Trader Pro this morning?
Or investors are going to realize that this is being blown out of proportion as more antibody testing takes place. I still think we see a solid pullback, but I think the narrative is going to begin shifting to a sense of herd immunity over the coming weeks. Look at Sweden.$30,000 Millionaire said:
Don't know if this is the rug pull or not but keep in mind cases are not going down while cities and states are opening up. Investors may get the picture that Covid is not going away. Patiently waiting for 2500.