McInnis 03 said:

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Hold NIO through earnings??

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I'll let you know what I do with my leaps next week before earnings... because the opposite will happen

Why does Roku look like Bart Simpson's hair on the 5D?

FishrCoAg said:

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Any of you looking at SNSS as a buy/write covered call candidate? Sorry if already posted and I missed it.

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I wrote my first nekkid put contract on SNSS the other day, think I got 30c premium? Here's my thought process:

The whole idea behind these small pharmas is that when they pop it's big, so you don't want to limit upside by selling calls

However selling puts doesn't let me profit off the big runs either, but

It usually takes a long time for the pop to happen, so collecting premium as a sure thing is nice

I've had a lot of pharma calls expire worthless so I figure I'll try it this way for a while. If I get assigned I'll just hold on to that low-entry stock for the potential upside

Brian Earl Spilner said:

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Why does Roku look like Bart Simpson's hair on the 5D?

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Better mean accumulation.

CVET - $10.61 AH, $2 drop off the days high?

Man I'm cursed

I don't see where people are getting the Biden bounce idea from? The current delegate count between Biden and Bernie is very close and Sanders leads in polls in several big states.

We had 6 straight down days and a 16% correction with volume price magnitude only analogous to 2009-2011. Election stress was certainly some of that but recession fear is real.

VIX >25 is bear season. We will be going back down, I'm sure.

I'd prefer a little less volatility though, personally.

claym711 said:

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I don't see where people are getting the Biden bounce idea from? The current delegate count between Biden and Bernie is very close and Sanders leads in polls in several big states.

We had 6 straight down days and a 16% correction with volume price magnitude only analogous to 2009-2011. Election stress was certainly some of that but recession fear is real.

VIX >25 is bear season. We will be going back down, I'm sure.

I'd prefer a little less volatility though, personally.

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Agree on both fronts. Biden surging over Sanders means little with an incumbent running.

I think we hit a full 20% correction and some pretty sideways days on the way down. Until the virus scares stop, we won't see 3400 again.

The whole economy was stretched thin and rates were so low. There's nothing left in the tank for recovery except time.

claym711 said:

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I don't see where people are getting the Biden bounce idea from? The current delegate count between Biden and Bernie is very close and Sanders leads in polls in several big states.

We had 6 straight down days and a 16% correction with volume price magnitude only analogous to 2009-2011. Election stress was certainly some of that but recession fear is real.

VIX >25 is bear season. We will be going back down, I'm sure.

I'd prefer a little less volatility though, personally.

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If your hoping for a recession I think you are going to be disappointed.

No doubt in my mind we had a anti-Bernie bounce....the market was pricing it in more than the virus IMO. Even the slightest chance a commie gets the Whitehouse was unsettling.

ranchag04 said:

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No doubt in my mind we had a anti-Bernie bounce....the market was pricing it in more than the virus IMO. Even the slightest chance a commie gets the Whitehouse was unsettling.

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Disagree. Tons of the policies Bernie was advocating for would require more than the office of presidency. Everything would have been debated towards the middle heavily.

Regardless, slim chance incumbent doesn't get re elected anyway. I think the previous post mentioning Chinese manufacturing coming back online would make more sense. There was a lot of fear around factories closing down for months, so to hear them re-opening already would inject energy more in my eyes than whomever has a 5-10% chance at the presidency.

McInnis 03 said:

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Trying to start my own stimulus bill

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Perhaps this is (another) a silly question, but why is there even a limit to begin with?

Archaic rules

FHUAggie said:

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McInnis 03 said:

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Trying to start my own stimulus bill

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Perhaps this is (another) a silly question, but why is there even a limit to begin with?

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To protect people from themselves. I think it's bull****, but I haven't had to deal with it in a good while

I thought pdt only applied to margin accounts? I use tda and have done many per day when my account was under 25k

IrishTxAggie said:

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FHUAggie said:

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McInnis 03 said:

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Trying to start my own stimulus bill

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Perhaps this is (another) a silly question, but why is there even a limit to begin with?

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To protect people from themselves. I think it's bull****, but I haven't had to deal with it in a good while

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Got it, figured it was something of that nature. Thanks for the insight!

khaos288 said:

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ranchag04 said:

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No doubt in my mind we had a anti-Bernie bounce....the market was pricing it in more than the virus IMO. Even the slightest chance a commie gets the Whitehouse was unsettling.

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Disagree. Tons of the policies Bernie was advocating for would require more than the office of presidency. Everything would have been debated towards the middle heavily.

Regardless, slim chance incumbent doesn't get re elected anyway. I think the previous post mentioning Chinese manufacturing coming back online would make more sense. There was a lot of fear around factories closing down for months, so to hear them re-opening already would inject energy more in my eyes than whomever has a 5-10% chance at the presidency.

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A normal challenger I would agree but markets don't like a 5-10% chance of total collapse which is what would happen if he was elected regardless of bureaucratic red tape.

ranchag04 said:

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khaos288 said:

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ranchag04 said:

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No doubt in my mind we had a anti-Bernie bounce....the market was pricing it in more than the virus IMO. Even the slightest chance a commie gets the Whitehouse was unsettling.

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Disagree. Tons of the policies Bernie was advocating for would require more than the office of presidency. Everything would have been debated towards the middle heavily.

Regardless, slim chance incumbent doesn't get re elected anyway. I think the previous post mentioning Chinese manufacturing coming back online would make more sense. There was a lot of fear around factories closing down for months, so to hear them re-opening already would inject energy more in my eyes than whomever has a 5-10% chance at the presidency.

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A normal challenger I would agree but markets don't like a 5-10% chance of total collapse which is what would happen if he was elected regardless of bureaucratic red tape.

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We'll just have to agree to disagree. To be blunt, you using the phrases "communist" and "total collapse" gives you away as someone who is less interested in facts than emotional reaction.

The guy who had a slim chance at being elected, that would require an entirely blue congress to get even part of his plan enacted 8 months from now, losing a few primaries, does not seem as relevant as the current virus scare and Chinese manufacturing. The volatility is high right now. The less deaths in the news, the more good days we'll have. The day a vaccine, anti viral, or stopping of spread in China news comes out, we'll be back on the way up.

ranchag04 said:

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claym711 said:

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I don't see where people are getting the Biden bounce idea from? The current delegate count between Biden and Bernie is very close and Sanders leads in polls in several big states.

We had 6 straight down days and a 16% correction with volume price magnitude only analogous to 2009-2011. Election stress was certainly some of that but recession fear is real.

VIX >25 is bear season. We will be going back down, I'm sure.

I'd prefer a little less volatility though, personally.

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If your hoping for a recession I think you are going to be disappointed.

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Fed doesn't emergency cut 50bps just in case.

Yeah, the market definitely bounced some today after the diminished likelihood of an open communist taking the White House.

ranchag04 said:

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khaos288 said:

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ranchag04 said:

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khaos288 said:

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ranchag04 said:

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No doubt in my mind we had a anti-Bernie bounce....the market was pricing it in more than the virus IMO. Even the slightest chance a commie gets the Whitehouse was unsettling.

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Disagree. Tons of the policies Bernie was advocating for would require more than the office of presidency. Everything would have been debated towards the middle heavily.

Regardless, slim chance incumbent doesn't get re elected anyway. I think the previous post mentioning Chinese manufacturing coming back online would make more sense. There was a lot of fear around factories closing down for months, so to hear them re-opening already would inject energy more in my eyes than whomever has a 5-10% chance at the presidency.

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A normal challenger I would agree but markets don't like a 5-10% chance of total collapse which is what would happen if he was elected regardless of bureaucratic red tape.

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We'll just have to agree to disagree. To be blunt, you using the phrases "communist" and "total collapse" gives you away as someone who is less interested in facts than emotional reaction.

The guy who had a slim chance at being elected, that would require an entirely blue congress to get even part of his plan enacted 8 months from now, losing a few primaries, does not seem as relevant as the current virus scare and Chinese manufacturing. The volatility is high right now. The less deaths in the news, the more good days we'll have. The day a vaccine, anti viral, or stopping of spread in China news comes out, we'll be back on the way up.

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Yes...agree to disagree...I would argue you are more emotional than factual but I think that would put us back to square one.

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Go back and look at my posts about Super Tuesday, Wall Street was anticipating a Bernie victory which caused a drop. The same thing happened when the market thought Clinton would win the election, Trump won and the markets ripped in response. Same thing will happen if Biden is expected the win in November.

Check your politics at the door and acknowledge how these things affect the market.

That's not what happened during the 2016 election. 2016 was the massive volatility crush.

Election night was a big drop AH as polls were closing and Trump was taking surprise victories, then bounced as that news was digested and R took Congress. 2017 Ramp was based on tax cuts. 2018 dumped due to QT.

2020 dump is due to nCoV19.

gig em 02 said:

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ranchag04 said:

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khaos288 said:

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ranchag04 said:

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khaos288 said:

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ranchag04 said:

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No doubt in my mind we had a anti-Bernie bounce....the market was pricing it in more than the virus IMO. Even the slightest chance a commie gets the Whitehouse was unsettling.

---

Disagree. Tons of the policies Bernie was advocating for would require more than the office of presidency. Everything would have been debated towards the middle heavily.

Regardless, slim chance incumbent doesn't get re elected anyway. I think the previous post mentioning Chinese manufacturing coming back online would make more sense. There was a lot of fear around factories closing down for months, so to hear them re-opening already would inject energy more in my eyes than whomever has a 5-10% chance at the presidency.

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A normal challenger I would agree but markets don't like a 5-10% chance of total collapse which is what would happen if he was elected regardless of bureaucratic red tape.

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We'll just have to agree to disagree. To be blunt, you using the phrases "communist" and "total collapse" gives you away as someone who is less interested in facts than emotional reaction.

The guy who had a slim chance at being elected, that would require an entirely blue congress to get even part of his plan enacted 8 months from now, losing a few primaries, does not seem as relevant as the current virus scare and Chinese manufacturing. The volatility is high right now. The less deaths in the news, the more good days we'll have. The day a vaccine, anti viral, or stopping of spread in China news comes out, we'll be back on the way up.

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Yes...agree to disagree...I would argue you are more emotional than factual but I think that would put us back to square one.

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Go back and look at my posts about Super Tuesday, Wall Street was anticipating a Bernie victory which caused a drop. The same thing happened when the market thought Clinton would win the election, Trump won and the markets ripped in response. Same thing will happen if Biden is expected the win in November.

Check your politics at the door and acknowledge how these things affect the market.

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Definitely agree that politics impact the market. My argument is just that Sanders was on a run previously, and the market wasn't tanking then. The most recent news flow around the virus seems to be dictating the volatility. It's hard to dissect it all at the moment. Tough in an election year while having such a big news story that impacts so widely.

claym711 said:

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That's not what happened during the 2016 election. 2016 was the massive volatility crush.

Election night was a big drop AH as polls were closing and Trump was taking surprise victories, then bounced as that news was digested and R took Congress. 2017 Ramp was based on tax cuts. 2018 dumped due to QT.

2020 dump is due to nCoV19.

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nCoV19 will not last forever. Algos are pushing the market down on the negative world news.

Corona was an excuse for a correction that snowballed.....and then came the Bernie surge...in two months when you hear Corona it will be someone ordering a beer. Fed overacted to stabilize the market. I give no credence to the idea that they see a recession on the horizon.

claym711 said:

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That's not what happened during the 2016 election. 2016 was the massive volatility crush.

Election night was a big drop AH as polls were closing and Trump was taking surprise victories, then bounced as that news was digested and R took Congress. 2017 Ramp was based on tax cuts. 2018 dumped due to QT.

2020 dump is due to nCoV19.

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You have a headache because there is a nail in your head. I'm concerned about how the nail got there and you are concerned about the existence of the nail.

Redirect doesn't make you any less wrong.

Good news is most or all of us will be alive in 4 months to find out what happens.

https://www.bing.com/amp/s/finance.yahoo.com/amphtml/news/ray-dalio-commentary-thoughts-coronavirus-174654443.html

Great read for those shrugging at the current correction. Much more intense convos are occurring across all institutions and funds.

The market was due for a correction before COVID-19. It's normal.

Volatility continues to make spreads the real winner, and the only one.

A retest of lows would be needed and held to make it s all clear. At any rate if you placed your $10 SPY spread based on $311 then $306Puts $316 Calls had the Puts in the money and I always like to buy shares against those for an initial bounce. Dumped out $305.30 buys st $306.30 taking a chunk out of cost of the spread.

And I rarely do it twice. Will now let the spread play out.

Tired of the early hours that come with the territory