oldarmy1 said:

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Stock pile cash. Sell, or at least rent, your children and build your cash war chest.

You're about to have a life-changing opportunity available once a generation, if that. Exciting!

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Is this in reference to buying stocks cheap or options opportunities or both?

Don't go jumping into airlines just yet...

Longest halt I've seen by far. 10/24/2008 had abt a 4 hour halt.

Anything analogous to this bounced hard at some point in the day, but this halt is unprecedented even during financial crisis.

In the market "dips" I have seen in last years, most people on Texags are looking to buy the dips and "load up on the discounted stocks". No one was capitulating. That was a sign that it wasn't a real panic or a real risk of recession selling etc.

This time, it seems a lot of people are afraid to buy until a real bottom is in. So we know its more serious already. Having said that, I'm not sure we're at the stage where people are saying "they're selling out of fickle stock market, and paying off the mortgage". Once we see that we'll know its major.

For those of us who read the options back and forth for entertainment, but are generally mutual fund buy and hold investors, how would you take advantage of whatever is about to happen?

VOO/VFIAX if it hits a certain threshold?

Barty said:

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oldarmy1 said:

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Stock pile cash. Sell, or at least rent, your children and build your cash war chest.

You're about to have a life-changing opportunity available once a generation, if that. Exciting!

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Is this in reference to buying stocks cheap or options opportunities or both?

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Shares 25% every 100 S&P points down. I mix in some naked Puts at the 2nd 100 points down onward so if not a bottom you have a head start at lower price or if it is a bottom you net the premium as part of your recovery.

And when markets eventually bottom you sell your lowest buys 200 points above where you bought.

The market has triggered a 'circuit breaker' that keeps stocks from falling through the floor. Here's what you need to know

https://www.cnbc.com/2020/03/09/sp-500-futures-are-frozen-after-tanking-5percent-heres-what-happens-when-circuit-breakers-kick-in.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

"The SPDR S&P 500 ETF around 7 a.m. ET indicates a 5.9% drop in the S&P 500 once trading resumes. Both the SPDR Dow ETF and the SPDR Nasdaq ETF suggest declines of more than 5.5% at the open. The implied Dow open based on the ETF trade would be a drop of more than 1,500 points after opening limit down."

Is anyone taking definitive action this morning, or just watching from the sidelines?

McInnis 03 said:

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Is anyone taking definitive action this morning, or just watching from the sidelines?

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I'm definitely cashing in my highest SPY put. I bought first shares in ADBE. Waiting for open on others so I can have options in the arsenal.

I'm going to freely admit as a long-term, hold investor I'm a little spooked and I laughed off 2008 and piled in on that. I've don't nothing yet but my investment horizon is still at least 15 years. Function of being older and a little closer I guess.

McInnis 03 said:

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Is anyone taking definitive action this morning, or just watching from the sidelines?

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I'm about 80% in the market right now because I never sold. Nothing that I really can do but sit and wait it out. Most of my stuff is in a Schwab Intelligent portfolio and it takes 2 days to execute anything anyways.

I'm fooked

That ROKU $85-90 is here. If not a bottom in markets then it could see $70 area. I'm buying 12.5% now and will wait for markets to open for option addition.

WestTexAg12 said:

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McInnis 03 said:

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Is anyone taking definitive action this morning, or just watching from the sidelines?

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I'm about 80% in the market right now because I never sold. Nothing that I really can do but sit and wait it out. Most of my stuff is in a Schwab Intelligent portfolio and it takes 2 days to execute anything anyways.

I'm fooked

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It's not a bad time to reset your portfolio. Claim some losses if possible to get into other stocks you've been eyeing.

I got scalped good in mid-February. I've got some long term stuff I haven't touched, but options are closed daily with maybe keeping a runner or two overnight.

Beware The Ides Of March. Could be the worst day/week/month/? The corona virus had the markets spooked already. The collapse of oil and energy markets will throw gas on the fire. Most other commodities with the exception of precious metals are at or below the cost of production already. Many will follow oil way down farther.

tailgatetimer10 said:

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WestTexAg12 said:

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McInnis 03 said:

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Is anyone taking definitive action this morning, or just watching from the sidelines?

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I'm about 80% in the market right now because I never sold. Nothing that I really can do but sit and wait it out. Most of my stuff is in a Schwab Intelligent portfolio and it takes 2 days to execute anything anyways.

I'm fooked

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It's not a bad time to reset your portfolio. Claim some losses if possible to get into other stocks you've been eyeing.

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Well luckily I've got tax loss harvesting on my Schwab.

Every knee shall bow and every tongue shall confess

Ranger222 said:

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I have been buying bits and pieces on the way down, thinking the virus pandemonium was overblown (this coming from a microbiologist). What I didn't include in my thesis was this collapse of oil. This is a completely different animal. My "line in the sand" is the 272-274 area. I didn't expect us to breach that level, but we might. That would be a "get the **** out and watch" level for me.

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I had a wild throw SPY 200p for Mar 20 that I held until friday on the runup, thinking I could get something for it (and I did), but jeez, I didn't think I'd be the reason for this to happen.

the reason for 270ish being a critical level --

Is it bad if the 2 year is negative?

ROKU at $84. That's when I'll look to add it to the long term holds.

Halted?

7% breaker. 15 min

Alright half time! Trading halted till the bulls wake up.

It would appear so

I only managed to close 1st level SPY puts and completed ROKU/ADBE buys.

Halt stinks because all were bouncing nicely.

Brian Earl Spilner said:

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I'm just gonna keep dumping into the s&p 500.

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moses1084ever said:

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Closed my put at 2.69. Up a buck

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Bet you wish you had that back.

What?

Book it: S&P 500 will be suspended for the day toady. Once it resumes it will hit down 15% and halt then end at 20%.

Getting real close to the bull market trend line.