Wow that was a lot to catch up on. Bring on Monday!
gig em 02 said:"If you arent trading futures then dont pay attention to them" Irish (RIP)backintexas2013 said:
So VIX was up early tonight and now down a little. What are your thoughts?
if anything this has me bullish for the coming weeks. What would be helpful is the drop in SPX that corresponded to these volatility jumps. I checked most of the ones in the last 5 years, none were big drops, just all necessary pullbacks.Mostly Foggy Recollection said:
Ahem....
That's why you learn technicals and trade off those and forget the noise. For example, 3685 was recaptured tonight in ES (SPX futures), if that holds into tomorrow morning, we can run a bit. Recapture 3730 and we could run a bit more.Proposition Joe said:
So many want to continually make the stock market political but can never seem to actually pinpoint what actions are going to cause what and when.
Almost like you can't really predict it.
January 20, 2021 - Joe Biden ignorantly cancels the keystone pipeline and destroys 50,000 jobs.Proposition Joe said:
So many want to continually make the stock market political but can never seem to actually pinpoint what actions are going to cause what and when.
Almost like you can't really predict it.
gig em 02 said:January 20, 2021 - Joe Biden ignorantly cancels the keystone pipeline and destroys 50,000 jobs.Proposition Joe said:
So many want to continually make the stock market political but can never seem to actually pinpoint what actions are going to cause what and when.
Almost like you can't really predict it.
January 20, 2021 - January 29, 2021 - XOP, XOM, HAL, RDS, BP etc. drop 10%
Go back and look at OA's calls on MOMO after The Big Guy won. Completely political analysis. Completely correct.
Wasn't it something like a court date in which someone was going to take possession of the stock ticker? Or something like that? I dunno, I could be wrong. Just going off of memory.backintexas2013 said:
I have tomorrow circled for EGOC and didn't put why. Fail on my part.
Jet Black said:
Futures green
Can you give me some examples?Proposition Joe said:gig em 02 said:January 20, 2021 - Joe Biden ignorantly cancels the keystone pipeline and destroys 50,000 jobs.Proposition Joe said:
So many want to continually make the stock market political but can never seem to actually pinpoint what actions are going to cause what and when.
Almost like you can't really predict it.
January 20, 2021 - January 29, 2021 - XOP, XOM, HAL, RDS, BP etc. drop 10%
Go back and look at OA's calls on MOMO after The Big Guy won. Completely political analysis. Completely correct.
I think we have all learned OA is a rare breed.
The majority of the other political market predictions in the thread amount to confirmation bias about the market tanking because something they didn't like politically happened (or is going to happen), and some natural and/or un-related spike or dip in the market at an undetermined time in the future is given the attribution.
McInnis 03 said:
3 ways to purchase stock:
1) buy shares outright (simple, no strings attached)
2) buy calls (strings attached, you paid extra for the shares in premium, normally only makes sense above strike and with premium added in)
3) sell puts (strings attached, you got premium for the guarantee that you're buying if it's below your strike)
3 ways to sell stock:
1) sell shares outright (simple, no strings attached)
2) buy puts (strings attached, you paid extra for the selling ability in premium, normally only makes sense when shares below strike and with premium subtracted)
3) sell calls (strings attached, you got premium for the guarantee that you're selling if it's above your strike)
It took me awhile to get a mental grip on calls and puts, both long and short
Philip J Fry said:McInnis 03 said:
3 ways to purchase stock:
1) buy shares outright (simple, no strings attached)
2) buy calls (strings attached, you paid extra for the shares in premium, normally only makes sense above strike and with premium added in)
3) sell puts (strings attached, you got premium for the guarantee that you're buying if it's below your strike)
3 ways to sell stock:
1) sell shares outright (simple, no strings attached)
2) buy puts (strings attached, you paid extra for the selling ability in premium, normally only makes sense when shares below strike and with premium subtracted)
3) sell calls (strings attached, you got premium for the guarantee that you're selling if it's above your strike)
It took me awhile to get a mental grip on calls and puts, both long and short
If I could bookmark a single post, this would be it. I still almost understood about half of it.
I'd be curious to read up on the history of options at some point. Sounds so much more complicated than just buying stonks.
gig em 02 said:Can you give me some examples?Proposition Joe said:gig em 02 said:January 20, 2021 - Joe Biden ignorantly cancels the keystone pipeline and destroys 50,000 jobs.Proposition Joe said:
So many want to continually make the stock market political but can never seem to actually pinpoint what actions are going to cause what and when.
Almost like you can't really predict it.
January 20, 2021 - January 29, 2021 - XOP, XOM, HAL, RDS, BP etc. drop 10%
Go back and look at OA's calls on MOMO after The Big Guy won. Completely political analysis. Completely correct.
I think we have all learned OA is a rare breed.
The majority of the other political market predictions in the thread amount to confirmation bias about the market tanking because something they didn't like politically happened (or is going to happen), and some natural and/or un-related spike or dip in the market at an undetermined time in the future is given the attribution.
Mostly Foggy Recollection said:
That would jive with where many pros predicted the 2021 top will be... 4500 S&P
Interesting. Thanks for that tweet.
Philip J Fry said:Mostly Foggy Recollection said:
That would jive with where many pros predicted the 2021 top will be... 4500 S&P
Interesting. Thanks for that tweet.
So professions stock guys are saying 4500, but your lobbyist is saying 700? Something has to give here. What big thing is coming that we aren't seeing? China calling in our debt?
Proposition Joe said:Philip J Fry said:Mostly Foggy Recollection said:
That would jive with where many pros predicted the 2021 top will be... 4500 S&P
Interesting. Thanks for that tweet.
So professions stock guys are saying 4500, but your lobbyist is saying 700? Something has to give here. What big thing is coming that we aren't seeing? China calling in our debt?
He said his lobbyist was saying worst case scenario.
I am teaching a friend of mine selling covered calls via SNDL. It has weekly options, is a dirt cheap stock (under $1, but maybe not for long). So you could practice weekly or even more on this one. Sell CC's on the rips, buy them back on the dips. Do that with 100 shares or whatever you are comfortable with. Or if you want more shares (to sell half on the next rip for net free), that's a great strategy as well.PearlJammin said:Philip J Fry said:McInnis 03 said:
3 ways to purchase stock:
1) buy shares outright (simple, no strings attached)
2) buy calls (strings attached, you paid extra for the shares in premium, normally only makes sense above strike and with premium added in)
3) sell puts (strings attached, you got premium for the guarantee that you're buying if it's below your strike)
3 ways to sell stock:
1) sell shares outright (simple, no strings attached)
2) buy puts (strings attached, you paid extra for the selling ability in premium, normally only makes sense when shares below strike and with premium subtracted)
3) sell calls (strings attached, you got premium for the guarantee that you're selling if it's above your strike)
It took me awhile to get a mental grip on calls and puts, both long and short
If I could bookmark a single post, this would be it. I still almost understood about half of it.
I'd be curious to read up on the history of options at some point. Sounds so much more complicated than just buying stonks.
For the life of me I cannot grasp this yet. Been doing well with regular calls so perhaps I should just stick to that.
Philip J Fry said:
Yes, I understand that. Also said 2000.
I'm still hung up on what would cause that kind of crash?
Proposition Joe said:Philip J Fry said:
Yes, I understand that. Also said 2000.
I'm still hung up on what would cause that kind of crash?
A Godzilla v Mothra type scenario stateside.