Decided to make one more trade and wrote SPY $249C @ 1.31 and bought back @ $1.10

I own both, JPM is more stable, WFC has more upside.

khaos288 said:

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The first of my "long term buys" hit today. COF@40. Normally trades 95-100.

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You and me both. Also jumping into American Express as it is down over about 45% from high.

Even if a share at a time, I'm slowly buying on dips to hold for the long term while enjoying the inverse ETF gains I'm making short term.

khaos...how long till you think it gets back to normal $90 range?

jh0400 said:

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I'm long a $250P. Edited above.

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Ok, ditto that.

Coachbro20 said:

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khaos...how long till you think it gets back to normal $90 range?

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I'm thinking it recovers within a 12-18 months. When I say long term hold, those are 2+ years for me.

So with a day like today.....think this thing gets bought back up after lunch? I still can't understand folks holding anything over the weekend who are in that game?

Extreme newbie here. Why wynn over mgm?

Wynn in $47.XX territory now. Was $55 yesterday. And 2 more shares for me and other shares for you.

Why are y'all confident in banks and credit cards? Seems like loans and bills are about to go unpaid, how many mortgages are getting deferred for 3-6+ months?

I'm considering grabbing Visa if possible. People will continue to use credit cards once this clears up. Possibly even more so than previously as cash is hand to hand transaction and has more germs associated with it. Don't have that with credit cards. Plus those not paying the credit card bills will end up being charged interest so that will also lead to more revenue. The interest rates may be dropping for non payment to help people out during this situation, but those will also rise back up once this is over.

ehrmantraut said:

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gig em 02 said:

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Why are y'all confident in banks and credit cards? Seems like loans and bills are about to go unpaid, how many mortgages are getting deferred for 3-6+ months?

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Because they're 50-60% off 52 week highs.
This isn't '08. Banks are healthy

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Which Banks does the board like right now?

As far as value is concerned... Wells Fargo, Capital One, and Regions

If RIG hit $1 or better at the close, I'm buying for a trade.

Spy double top?

Prognightmare said:

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If RIG hit $1 or better at the close, I'm buying for a trade.

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Might as well 1.06-1.25 been swing trading this week

Really testing 2470 again on S&P

Are you Derek from Step Brothers?

I feel like casinos are going to take a long time to bounce back.

Maybe not cruise line bad but similar to airlines.

I think the bottom bin Wynn and others isn't for several weeks but that's just me

This is a really interesting short idea

ehrmantraut said:

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gig em 02 said:

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Why are y'all confident in banks and credit cards? Seems like loans and bills are about to go unpaid, how many mortgages are getting deferred for 3-6+ months?

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Because they're 50-60% off 52 week highs.
This isn't '08. Banks are healthy.

....and rates are only up from here

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I must be missing something. Are banks financials not dependent on revenue from all these businesses that have been shut down? What about loans to oil and gas companies? I really don't know, so if someone can close that gap I'd appreciate it.

Tweet from Scott Redler this morning

We'll see what the SPY brings at close. But unless we get a reversal here with that 247 level holding, I think we hit that next level - Aggie Daniels 238 level. JMO.

I wouldn't be surprised if the nba gets their Vegas plan going sooner than expected

I jumped in RUBI today at 4.38. I'm long and it's not a huge position.

Every knee shall bow and every tongue shall confess

La Bamba said:

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Tweet from Scott Redler this morning

We'll see what the SPY brings at close. But unless we get a reversal here with that 247 level holding, I think we hit that next level - Aggie Daniels 238 level. JMO.

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I was actually just thinking about Model T for SPY over the last week and a half. $218.63 on 3/23, $263.16 on 3/31. $240.89 makes it complete. Should we expect resistance at that level?

What a visual! But no, no, everything will be fine shortly.

Touchless said:

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La Bamba said:

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Tweet from Scott Redler this morning

We'll see what the SPY brings at close. But unless we get a reversal here with that 247 level holding, I think we hit that next level - Aggie Daniels 238 level. JMO.

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I was actually just thinking about Model T for SPY over the last week and a half. $218.63 on 3/23, $263.16 on 3/31. $240.89 makes it complete. Should we expect resistance at that level?

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I think as long as that 263 stays the short term top and we don't fill that 257 gap, then yeah, I would agree we see +/- that level next.

2470 level is massive. Three key indicators overlap at it. We have been dancing around it for 3 days!

If I posted my chart, you'd see it isn't convoluted like the twitter one you shared. In fact, you dont even need a chart. Just three simple levels determines the next 2 weeks.

Some other posters on this thread who act like they're whizzes said 2470 isn't even on their radar. It immediately lets me know who to ignore.

Just like when I posted 2630 was massive and people wrote an essay to tell me it wasn't.