They aren't, yet.

Reminds me of WalMart as a channel before I like sales, and how Walmart crushed people with a paradox. You couldn't be competitive without selling through WalMart, but if you did a deal with them the following pattern emerged:

1) you had to greatly ramp up your production capability to meet their demand, often overlevering yourself

2) they understood your costs better than you, and offered only the slimmest of margins. There was one Walmart and many of you.

3) once they established your product, they'd put a generic in place and cut you out completely (leaving you with over leveraged and unused capacity).

I feel like eventually Amazon is going to take out a whole lot of businesses in the supply chain. After that happens they can increase the prices (and margins)

Aggie1391 said:

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So if it isn't in the money at expiration, do I need to buy the call back? Or do I automatically buy the call back at $0.00 at expiration?

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You just let it expire. However, if you're using covered calls on a big moving stock and lets say you sold a $3 cover call and the stock is below enough to have a call value $0.25 then I almost always buy that call back and bank the $2.75 versus risking some bounce move that makes it a risk to lose the entire intent of the covered call.

give me google over amzn. huge amount of cash

3122 was Model T on the S&P. Hit. In fact all but our typical flyer stocks achieved Model T. ROKU, DIS nope!

Thanks!

Aggie1391 said:

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So if it isn't in the money at expiration, do I need to buy the call back? Or do I automatically buy the call back at $0.00 at expiration?

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simply will expire worthless

We're going to have to wait for after hours or more likely the open to see the spread give returns.

Still a good time to add ot open it right here at $300 SPY. Open the Call side below $300 and the Put side above $300. You can get 30-50 cent improvement based on these battle royal swings.

Bought BIDU March 20 $180 calls as my now hedge against a further drop. Meaning if we pop and some of my Put positions aren't winners BIDU looks to be a fast runner on any upward market move.

Super Tuesday.
Short term:
Bernie = Bad
Short term:
Biden = Good

IrishTxAggie said:

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Super Tuesday.
Short term:
Bernie = Bad
Short term:
Biden = Good

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$297.57 to $313.84 Days range on SPY with $309.40 previous day close.

A $16.27 spread. You can't lose unless you sell wrong.

S&P keeps on bouncing around 3000. Seems that the MM have that set for the day.

My plan is to continue to buy the bargain stocks.

Mistakes were made...

I have 75% cash sidelined. And of the 25% in the markets nearly 1/3 of that is on spreads. 20% is on straight options and the rest is in shares.

Where is the V bottom recovery? We'll see but we're way too close to the lows for me to stick my horns out.

leoj said:

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Mistakes were made...

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Example? Let's learn

INO closer to vaccine. Rocketed

CVET - announced $0.18 EPS vs estimated $0.13

Stock closed at $11.10, now $12.01 AH

oldarmy1 said:

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leoj said:

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Mistakes were made...

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Example? Let's learn

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I sold my 300p too soon. I took a look at the candles around 2pm and saw a trend downward. Short wicks, long red bodies, etc. Told me to stay the course but I didnt listen and became undisciplined. I was thinking $2.30 would be the best I could do since the feds cut the rate. I didnt want to get stuck with a loss so I sold and was happy with my slight profit. Shortly after selling SPY dropped and the value of the 300p hit just over $5.00. I could have easily made a significant amount but chose safety over discipline.

Understood. So the correction is to let it play out when you have another day still. You would have cashed out into the close and then rolled into a $305/$295 spread with profits.

oldarmy1 said:

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leoj said:

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Mistakes were made...

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Example? Let's learn

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Yes sir. Give me a bit and I'll post the details.

oldarmy1 said:

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I have 75% cash sidelined. And of the 25% in the markets nearly 1/3 of that is on spreads. 20% is on straight options and the rest is in shares.

Where is the V bottom recovery? We'll see but we're way too close to the lows for me to stick my horns out.

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In my play account I'm even more cash (% of course) and I'm strangling everything I do choose to get into (made a tidy profit today on AMD and ROKU on the put sides of the strangles).

What do you call taking a long term put? A trip? LoL

I can't imagine the cruise industry doesn't continue taking enormous hits here

https://fox26houston.com/news/coronavirus-outbreak-changes-the-course-for-galveston-based-cruises

On a positive note, cruises are about to get a lot cheaper for people that DGAF and want a nice vacay.

McInnis 03 said:

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Prognightmare said:

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On a positive note, cruises are about to get a lot cheaper for people that DGAF and want a nice vacay.

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Don't you tell my wife.

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Your wife have a hot sister? Asking for a friend.

thirdcoast said:

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Cruises without old people, babies, or unhealthy people are cheaper?

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Cruises without old people probably wouldn't leave port bc they're too empty.

With an anticipated new influx of accounts generated given RH debacle, should we buy E*TRADE stock?

I got a call from a front line service rep about my new account, and he said it's been the busiest day for new accounts since he's worked there.

Etrade is getting bought out by Morgan Stanley. Have no idea of the valuation

RH's defection will be too spread out

I don't know what any of the services customer acquisition costs are right now but I imagine if they gave $100 sign-on bonus to former Robin Hood customers with the promo code they could Bank quick

Futures down 20