They've normalized now finally. For just a weird minute there positive didn't move and negative did. Positive is now up 40%. Positive was very close to ITM too. Only the put was far OTMaggiedaniel06 said:
Buying far OTM strangles on the day VIX hit all time high, the day before quad witching Friday, has low probability of success.
Stock Markets
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Last: 3 hrs ago by Bulldog73
Damn United Airlines
Moved some money in my trading account yesterday was liking that $21 range, today? $30 up 40% well F me
Moved some money in my trading account yesterday was liking that $21 range, today? $30 up 40% well F me
and that the market usually goes up before good news and before most think it willRagoo said:or maybe the initial sell off was an overreaction?AggiePeeps06 said:
The market being up today makes no sense. Things haven't gotten better, no cure on the horizon, no economic stimulus agreed on yet. All I can figure is some profit taking going on
there are still some things I see traders cautioning on (like VIX still above 200day ma), so I wouldn't run in if you are nervous
All I can tell you is, Yes.
if serious, thanks
if not, funny!
if not, funny!
Get it together CX!
Not joking at all.
PROG - Can I avg down on RIG now at $1.14
59.58 USD +13.00tam2002 said:
WYNN has shot up. I bought a bunch at 55 the other week and thinking about dumping it and getting back in on the next big drop
What an amazing turnaround.
XOM is still down today. Just imagine how up we'd be if news came out on a deal with SA and Russia!
AgShaun00 said:
anyone selling friday expecting news to dump the market monday or hedge with SPY puts?
I just sold mgm to take 35% off the table and get back into cash. Seems like more and more states are doing a full closure.
I know with PA and CA closing states scares us in construction in tx.
I'm thinking about hedging with puts, but nothing is certain because a cure could come out Sunday and Monday jump up 10%, or some crazy bad news could come out of NYC like they are out of hospitals beds, and the traders and bankers in NYC sell off since they are in the middle of it.
If good news comes out any long Puts are going to have insane volatility crush and negative delta. I'm just wait and see mostly, not confident in any play.
Harkrider 93 said:
I work in the financial services industry. I am getting a ton of emails from financial firms (have retail and institution clients) like American Funds, Goldman Sachs, etc.
One email mentioned that they are hearing there is a big push to make Saudi Arabia and Russia to negotiate a deal ASAP.
I said the above because while it is still a rumor, these companies don't send something that is an internet rumor.
It also doesn't mean anyone is really trying or that either country will make a deal.
Curious if anyone is hearing the same from good sources.
It was on the front page of the WSJ... https://www.wsj.com/articles/u-s-considers-intervention-in-saudi-russia-oil-standoff-11584636054
Only O&G related stocks I might even consider is XOM and CVX, but so many better opportunities in other industries.Aggie_2463 said:
PROG - Can I avg down on RIG now at $1.14
FTR, I just went to all cash except the 7/17 calls I own, just in case some bad news hits over the weekend. It seemed like a good time to book profits and have a stress free weekend.
I'll throw some money at that rumorAggieKeith15 said:
XOM is still down today. Just imagine how up we'd be if news came out on a deal with SA and Russia!
Andy07 said:Harkrider 93 said:
I work in the financial services industry. I am getting a ton of emails from financial firms (have retail and institution clients) like American Funds, Goldman Sachs, etc.
One email mentioned that they are hearing there is a big push to make Saudi Arabia and Russia to negotiate a deal ASAP.
I said the above because while it is still a rumor, these companies don't send something that is an internet rumor.
It also doesn't mean anyone is really trying or that either country will make a deal.
Curious if anyone is hearing the same from good sources.
It was on the front page of the WSJ... https://www.wsj.com/articles/u-s-considers-intervention-in-saudi-russia-oil-standoff-11584636054
XOP calls?
I took a pretty small position of UAL at 21 earlier this week. Got our today at ~29. Not bad for a couple days. I would bet we can do it again in the coming weeks, but getting in lower like 17-18...
khaos288 said:I'll throw some money at that rumorAggieKeith15 said:
XOM is still down today. Just imagine how up we'd be if news came out on a deal with SA and Russia!
Buy the rumor sell the news.
FinneeeeeeePrognightmare said:Only O&G related stocks I might even consider is XOM and CVX, but so many better opportunities in other industries.Aggie_2463 said:
PROG - Can I avg down on RIG now at $1.14
FTR, I just went to all cash except the 7/17 calls I own, just in case some bad news hits over the weekend. It seemed like a good time to book profits and have a stress free weekend.
Cuomo just basically said NY is locked down without saying lockdown.
AANNNNNNDDDD, the market tanks.
AANNNNNNDDDD, the market tanks.
If I'm okay with having to buy an airline stock at a certain price, would it be a good idea to buy calls a month or two out, and sell a put for next week?
I bought more of the 1/15/21 $50C at $1.4. I've flipped them for ~50% twice now in the last two weeksAggieKeith15 said:
XOM is still down today. Just imagine how up we'd be if news came out on a deal with SA and Russia!
Ok how bout now at $1.07Prognightmare said:
Cuomo just basically said NY is locked down without saying lockdown.
AANNNNNNDDDD, the market tanks.
Every knee shall bow and every tongue shall confess
Everything reversing course sharply after that initial rally.
You crack me up.
Prognightmare said:
You crack me up.
I can't get my damn GIFS to work
71 million in 3 states on "lockdown"
Just bought more XOM
If I buy anymore O&G it's going to be Chevron for awhile.
I did too. We shall see.tam2002 said:
Just bought more XOM
spud1910 said:I did too. We shall see.tam2002 said:
Just bought more XOM
Made multiple buys of XOM in the last two weeks.
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doubled up (averaged down) on my XOM calls today too. Also bought more TPL
eta: I'm doing 4/17 $45
eta: I'm doing 4/17 $45
WH task force briefing on tap.
All the signs of a classic (lately) strong Friday open and crash at close.
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