There goes the mouse

In laws FA called today after a 100k loss and said he advises them to take all money out of the market. They are seven years from retirement. Same guy who had them throw the kitchen sink in the market two months ago.

Swinging COF goog and sphd today

I just bought my first option. SPY 3/20 245C. Baby steps over here.

aginlakeway said:

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WYNN was 136 on 2/19

Now 38.97 -4.05

I may keep buying it. Started buying at 48 or so.

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LOL

Now 48 +5

I bought more at 39 this morning.

Insane.

AND OFF THEY GOOOOOOOOOOOOOOOOOOOOOOOOOO

Buyers everywhere!

aginlakeway said:

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aginlakeway said:

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WYNN was 136 on 2/19

Now 38.97 -4.05

I may keep buying it. Started buying at 48 or so.

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LOL

Now 48 +5

I bought more at 39 this morning.

Insane.

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I did the same. Wish I would have bought more now.

That Uber 16P that was ITM today was still priced the same as yesterday for hte most part now that the stock is at 19. Had to close that and wait for the puts to catch up to the underlying behavior.

TSLA has a rocket up its ass this morning too.

I bought some at 48 and at 39. A lot more at 48 than at 39 unfortunately. But I think WYNN sees 100 early summer, regardless of what happens in next few hours or days or weeks.

So much for my $81 DIS order going through.

Prognightmare said:

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Prognightmare said:

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I think we go green

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Dont look now.

Okay I probably shouldn't have done this but I did.

I bought some calls on Disney at 94 expiring tomorrow for 2.66/ea.

What do I do

Took a large position with SDC @ $4.00 this morning.

Aggietaco said:

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So much for my $81 DIS order going through.

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Can someone fill me in on why people are high on Disney.

No sports (ESPN Content)

Worldwide Disney has tons of hotels and restaurants with no traffic right now, and what might be a slow return of customers.

Movie theaters are closed so there will be a drag on their films or delayed film releases.

Tons of layoffs and increased unemployment, Disney relies almost exclusively on consumer discretionary spending. I'd expect to see decline in all of their income streams from parks, to merchandising.

They also have a cruise line.

I just don't see how Disney is a sure bet, it seems this environment and this pandemic would be a nuclear bomb to their revenue.

Maybe as a gamble sure, but I think there are other industries that you can have higher confidence of bouncing back than Disney.

Wynn fell 87% during the last financial crisis. We are at about 68% now. I think we all know it will bounce back and then some when things are full force, but I'm still waiting a little longer.

Edit - numbers based on when price was $48. At $38, this was a 75% drop.

bmks270 said:

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Aggietaco said:

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So much for my $81 DIS order going through.

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Can someone fill me in on why people are high on Disney.

No sports (ESPN Content)

Worldwide Disney has tons of hotels and restaurants with no traffic right now, and what might be a slow return of customers.

Movie theaters are closed so there will be a drag on their films or delayed film releases.

Tons of layoffs and increased unemployment, Disney relies almost exclusively on consumer discretionary spending. I'd expect to see decline in all of their income streams from parks, to merchandising.

They also have a cruise line.

I just don't see how Disney is a sure bet, it seems this environment and this pandemic would be a nuclear bomb to their revenue.

Maybe as a gamble sure, but I think there are other industries that you can have higher confidence of bouncing back than Disney.

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Disney isn't going anywhere. Their financial sheet is gonna be ugly for the first half of the year for sure, but they will bounce right back.

Aggiesincebirth said:

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Do you think Disney will be higher by 10% year over year 5 years from now?

You may not scoop the bottom but do you think Disney is a company that won't ever recover because of this?

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Okay, yes, but MSFT and google and Apple have done like 20%+ YOY for the past few years, and Id be looking at software and tech for growth. Disney will lag for as long as this virus hangs around. I'd be waiting for a cure or treatment to come out before touching anything in hospitality.

Sold my DIS calls and will watch the market for a bit.

Disney+ also expanding to EUR and India this month will help offset some of their losses.

So my call is in the money now, at 94.68 vs 94. But I'm still out of the money due to the premium correct?

Exsurge Domine said:

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So my call is in the money now, at 94.68 vs 94. But I'm still out of the money due to the premium correct?

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Yes.

bmks270 said:

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Aggiesincebirth said:

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Do you think Disney will be higher by 10% year over year 5 years from now?

You may not scoop the bottom but do you think Disney is a company that won't ever recover because of this?

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Okay, yes, but MSFT and google and Apple have done like 20%+ YOY for the past few years, and Id be looking at software and tech for growth. Disney will lag for as long as this virus hangs around. I'd be waiting for a cure or treatment to come out before touching anything in hospitality.

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Disney and a world of social distancing go together like trailer parks and tornadoes

Talon2DSO said:

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Exsurge Domine said:

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So my call is in the money now, at 94.68 vs 94. But I'm still out of the money due to the premium correct?

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Yes.

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Thanks for some reason it's showing a massive gain in my positions folder on Ameritrade

Feel dumb for not getting nflx calls this morning after sharing the usage news