Futures down 32. If you went with the $305 Put on the $305Put $320 call spread then each option will be worth $550 making the net after spread $300/option.

Not bad

Quote:

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Obviously, it hasn't been launched yet. It'd be interesting to see the competing the effects of a tax cut proposal vs coronavirus.

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A tax cut does jack for the economy if you can't buy anything. There's some serious shocks reverbing through supply chains right now.


@Irish... You trust the numbers coming out of China? With your background in Asia? C'mon.

Futures down 35.5


Honestly this is the best thing that could have happened. It gives a clear buy if this holds. Another 3am wake up for the 4am premarket and if SPY is below $305 you buy it against your Puts no questions asked.

Futures down 41. That capitulation sell off could be very close.

I may go back in for 10% tomorrow. This seems premature.

My next batch of RSU's vest Sunday and I usually like to dump them ASAP. This timing could have been better.

Is SNSS out of fuel?

98percenterr said:

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Is SNSS out of fuel?

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it just a needed pull back, cool down. Interesting too that the MM's had it pinned to the S&P (except for the stop loss raid the MM's did mid day). The daily looks almost identical to the SPY chart. I noticed too the MM's were throwing 30k sells in to keep the fire from getting too hot (sustained climb) - fascinating how it all works.

Down 48

Sorry if I missed the answer on the Roku T chart but could you just elaborate on that T chart?

I saw some hit piece from Forbes from this morning that talked about it going back to $30 and I kind of pooped my pants. It was overly dramatic but put my head into a whirlwind.

My April $80 GILD calls might actually be in the money soon, let's go 100!

If there's no bounce at -10% to -11% near the 200 day and 2019 support, I'll be surprised and concerned.

It's def short season though and will be for the next couple months. Sell the rips.

gig em 02 said:

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My April $80 GILD calls might actually be in the money soon, let's go 100!

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80 is itm at this moment. Yes, let's go to psy'100!

Honest question, gild still has nothing new to sell, this is all remdesivir speculating. I've got April 80c's at net free. When does one bail? One bad phase 3 trial could pop this bubble

GILD is pushing $80 pm

All schools in Japan to close next 3-4 weeks. Impacts 12.8 million students.

PDEMDHC said:

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All schools in Japan to close next 3-4 weeks. Impacts 12.8 million students.

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Yeah, time to buckle up because this is gonna be a rocky next few months.

PDEMDHC said:

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All schools in Japan to close next 3-4 weeks. Impacts 12.8 million students.

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Still more education than the state of Mississippi will get in the same time

CLR ar 16, SDC under 8. Corona is in America and the hysteria is about to get real, because people will just quarantine themselves and watch the news telling us how this is going to be so much worse than the plague. Talked with a doctor last night who said that they just put in the biggest medicine order ever in their practice's history because stuff is starting to get expensive.
ETA: He thinks people are losing their minds over a less dangerous flu that we will have to live with for a few cycles. He bought meds to save money, not prepping for armageddon.

UpstateAg said:

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CLR ar 16, SDC under 8. Corona is in America and the hysteria is about to get real, because people will just quarantine themselves and watch the news telling us how this is going to be so much worse than the plague. Talked with a doctor last night who said that they just put in the biggest medicine order ever in their practice's history because stuff is starting to get expensive.
ETA: He thinks people are losing their minds over a less dangerous flu that we will have to live with for a few cycles. He bought meds to save money, not prepping for armageddon.

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I've been thinking the same. This virus is less dangerous than the flu from what I've seen and heard.

Pharm, streaming and home delivery about to get paid.

WestTexAg12 said:

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UpstateAg said:

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CLR ar 16, SDC under 8. Corona is in America and the hysteria is about to get real, because people will just quarantine themselves and watch the news telling us how this is going to be so much worse than the plague. Talked with a doctor last night who said that they just put in the biggest medicine order ever in their practice's history because stuff is starting to get expensive.
ETA: He thinks people are losing their minds over a less dangerous flu that we will have to live with for a few cycles. He bought meds to save money, not prepping for armageddon.

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I've been thinking the same. This virus is less dangerous than the flu from what I've seen and heard.

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"I'm not a doctor, but I did stay at a Holiday Inn Express last night!"

gig em 02 said:

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My April $80 GILD calls might actually be in the money soon, let's go 100!

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I am up 430% on the remain 5 i have. I sold the first 4 for 375%. Lets see what today brings. Makes up for the the big losses on my other stocks.

Wife works in healthcare, most definitely agrees about the exaggeration

PLAN

SDC set to open @ 52 week low. Cripes.

If SPCE flashes down to $20-20.5, it could be a nice day trade.

tailgatetimer10 said:

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Wife works in healthcare, most definitely agrees about the exaggeration

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You'd be shocked how many very smart doctors have zero understanding or regard for public health.

A dozen years ago I worked on the business side of a lab that dealt with highly contagious, weaponizable pathogens. There was an exposure and a lab worker infected and the lead scientist who was highly regarded as an expert and held both an MD and PhD said "it's no big deal, we recognized the symptoms and self medicated with antibiotics." The problem is that they interacted with dozens of people outside the lab before they recognized their symptoms.

Back on topic, the jury is certainly still out, but current reported mortality rates are much worse than the seasonal flu so I'm not sure why anyone would jump to the conclusion that this isn't serious at this point in time.

For those playing MRNA, careful here. It's butted up against 37 a few times and failed. Unless it starts to build at that level, could have some big fails there. Same with APT at 19.50.

Flash and fill the gap and then some upside IMO. The 3046.9 is a major major area. If it goes, hold on because then it could go for the gap at 2972.