What's this rally about?

oldarmy1 said:

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Massive volume spikes

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That's some serious institutional money.

ryanhnc10 said:

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What's this rally about?

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Some institution decided it's had enough I guess?

1.5 more points and I'm flat on the day. I just bought several Puts

ryanhnc10 said:

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What's this rally about?

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Fed just announced massive buying of debts

gougler08 said:

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ryanhnc10 said:

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What's this rally about?

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Some institution decided it's had enough I guess?

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UNCLE SAM BUYING

Question about the best way to lower your cost basis. I'm still trying to learn more about this and this board has been pretty helpful to lurk on. Can someone with more knowledge than me (anyone else reading on here) correct me where this is wrong.

You buy 100 shares of xyz stock which at $1,000 each.

You buy a put option for $950 plus whatever the premium and set to expire 2 weeks from that point.

XYZ drops to $900, so you buy 100 shares at that price and exercise the $950 option.

Buy another put option for $850 plus the premium to expire in another two weeks.

XYZ again drops to $800 so you buy another 100 shares and exercise the $850 option.

At this point, your cost basis is $80k (plus the premiums) instead of the initial $100k.

Is that accurate?

Conversely, you could also just buy the initial put option without already owning shares and then when it drops to the $900, you buy those shares and exercise the put option, profiting the $50/share difference (less the premium) and then continue to lower your basis at that point using the same method. However, if the shares go up, then you're just out the premium you paid.

"Today, March 12, 2020, the Desk will offer $500 billion in a three-month repo operation at 1:30 pm ET that will settle on March 13, 2020. Tomorrow, the Desk will further offer $500 billion in a three-month repo operation and $500 billion in a one-month repo operation for same day settlement."

portfolio up 3% on the daily

Fed stomping the buy button haha, the volatility is incredible

Solid green!

I'll take it. Let's see if that bottom holds in next two weeks

disney up $10 a share in 10 minutes

what's up with the rebound?

PDEMDHC said:

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disney up $10 a share in 10 minutes

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i guess they ain't closing

Tumble Weed said:

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oldarmy1 said:

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My losses on the day have been cut in half in 5 minutes.

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The power of an OA post. Markets shoot back up!

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And now back down another 300 points . . .

welp, finally made some money, and one of the ac units at the house went out

$500B per week plus $XXX balance sheet expansion. Fed is in full on panic mode. That is financial crisis level pump. Not good.

Edit, it's a $1.5T Repo op. $500B in 3-month, $500B in 1-month, and $500B same day. All offered in a weekly basis.

I'm not certain but I think that's largest they've ever done.

doubled up on vix calls and wwe puts there, can't wait for the fall today and tomorrow

2660 would put us at a really nice hammer technical, probably a pipe dream though

riley290 said:

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doubled up on vix calls and wwe puts there, can't wait for the fall today and tomorrow

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already falling back

You have to take advantage of that kind of crazy spike. I sold some things. Placed some Puts on some things and covered calls.

Model T Model T Model T

all that money was only to prop the treasury market up cause it got in such a crap position, didn't solve a second of the demand crunch we're running into and the supply crunch about to happen.

Don't fight the Fed. Some shorts are gonna trapped and then slaughtered

you're right but I don't believe its this week and I'm willing to bet heavily on it so I can position myself for LEAP calls. All of this worldwide intervention pretty much guarantees a steep incline once the uncertainty dies down and it will pay to be long.

claym711 said:

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The Fed and Govt are in full on panic mode.

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Yep, sold. Will buy back during the next dip. If you told me I could have 2% on my portfolio at the beginning of the day, I would have been happy. Should have sold during the spike for 3.5%.

Insider buying on WES 10k shares by the CEO.

SDC whipping my ass lol