khaos288 said:

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I'm out of COF at 57. 40 to 57 in 4 days is too good to not bank the cash.

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lol I followed suit and sold as well. Also did well with Discover and American express.

khaos288 said:

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I'm out of COF at 57. 40 to 57 in 4 days is too good to not bank the cash.

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first read as 57.40 to 57. not much to brag at.

Boat Shoes said:

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Exsurge Domine said:

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I bought some ITM Vix calls with Apr15 expy,

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What are you using to trade that?

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TD Ameritrade

What was the SPY model T number again? $270 or $280?

IrishTxAggie said:

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WYNN to the downside here. I'm in on 4/9 $60P at $1.4. Stop set at break even now

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I'm out at $2.1. I'll take 50% in 12 mins

McInnis 03 said:

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Looks like LK halted on Class Action news:

LK - Bronstein, Gewirtz & Grossman, LLC, First Firm to File Luckin Coffee, Inc. Class Action, Updates Investors with Losses Exceeding $1 Million of Expanded Class Period and Lead Plaintiff Deadline: April 13, 2020

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I just read below. Not sure what happens to options that expire during 30 day halt, but think this would only embolden shorts to lay it on LK even heavier. China is saying, hey don't punish us for cooking the books....it's not like shorts are going to forget and move on.

Quote:

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Ucar, in which Lu is chairman and CEO, said in a statement late on Monday that the company applied to halt trading in its shares to avoid abnormal price fluctuations and protect investor interest amid media reports on the company.

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Dp

MOMO on the gogo

280, but I'd take 275

Touchless said:

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oldarmy1 said:

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CX breaking last resistance

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If it breaks, what's the next point of resistance you see it running up to?

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$3 would be next natural point but let me tell you this is not the stock I would have new people jumping into. It's been an agonizing waiting game and even I, after 2+ years am wearing thin on it.

jj9000 said:

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Both commercial and residential RE are about to be reeling. Kicking the can down the road for 90-180 days doesn't solve for people and companies that just can't pay. It's a domino effect up through the lenders and REITs. Someone will get stick with the default.

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I brought this up yesterday, but the majority felt that Big Bro would keep them all afloat. All the lenders are up the last two days. Guessing they will tank out when the number of forbearances jumps and Media runs with it. When does it happen... who knows. The trickle of news has begun.

Touchless said:

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What was the SPY model T number again? $270 or $280?

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279

To my other fellow longs on CX - I think the above is just the ticket to get CX reversed upward. Symbolic throwing in the towel.

gougler08 said:

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Touchless said:

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What was the SPY model T number again? $270 or $280?

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279

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The set up is pretty classic. Strong pop taking us within range with a good pullback to suck in early bears for a final blast to get us there. That said, you do not pass up an opening push like this morning. Especially if you are mainly in options at this juncture. I sold out all my DIS options as it approached that $106 mark mentioned earlier.


This is not an exact science but it can be fairly precise.

I picked up some 5/15 $2.5C for a nickel a piece. Trying to get an idea on when to get out of them.

I have LADR straddles. Somethings going to happen big either way

Forbearance will turn into deferment. They will have little other choice. Govt backed mortgage definitely will go deferment.

It seems like the consensus is that if this ends and we are back by mid May as far as going to work and things opening up then we willl be "okay" but anything into June and were going to see the real estate market take down the rest of the economy. Does that sound about right? I am bullish by the way but seems like if this leaks into June as far as complete shut down then we will see residential foreclosures and commercial fire sales.

Anyone else still holding TDOC, not sure if time to bail or it'll come back up? I got in at 147, wish I had sold when it hit 170.

$IQ another fraud issue like $LK? may be a fun put play.

Do you like DIS for a re-entry here and ride back up?

claym711 said:

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Forbearance will turn into deferment. They will have little other choice. Govt backed mortgage definitely will go deferment.

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Government will have to eat that debt because right now, Fannie and Freddie are paying investors on MBS securities on behalf of lenders right now because they are dealing with Forbearance and its up 2,000%.

Bought DIS $105 April 17 calls

Rice and Fries said:

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claym711 said:

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Forbearance will turn into deferment. They will have little other choice. Govt backed mortgage definitely will go deferment.

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Government will have to eat that debt because right now, Fannie and Freddie are paying investors on MBS securities on behalf of lenders right now because they are dealing with Forbearance and its up 2,000%.

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Is there any doubt about this? Between the Fed and Treasuring, who will not be bailed out?

Aggiesincebirth said:

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It seems like the consensus is that if this ends and we are back by mid May as far as going to work and things opening up then we willl be "okay" but anything into June and were going to see the real estate market take down the rest of the economy. Does that sound about right? I am bullish by the way but seems like if this leaks into June as far as complete shut down then we will see residential foreclosures and commercial fire sales.

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Devil's advocate question here: are people thinking of this as a one-time event (i.e. we see diminished cases and then we can relax isolation to go on with life)? Or, do we see this as a rolling series of opens/closes until there is a viable treatment or Vaccine?

Looking at Singapore and some of the Asian countries, it looks like exactly this is happening. Spanish Flu had multiple waves, for example. A question I keep asking myself is at what point will I feel it is appropriate to resume normal life or parts of normal life. Do I go to restaurants again when there are a decreasing number of local cases? When do I fly again? When would I feel comfortable using the NY subway? Perhaps the hardest question for me personally is when will I expect people that work with me to resume life enough to come into the office?

Taking it back to B&I, there are some aspects of our economy that I don't see coming back until there is a definitive end vs. a temporary one. I think travel and large purchases like vehicles may be severely muted for a long time. Other sectors will excel - tech and consumer goods blue chips.

McInnis 03 said:

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$IQ another fraud issue like $LK? may be a fun put play.

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When you see the tweet come in and get shake hand. Then instead of closing the short when it flips green, you hit sell again and lose your ***. Effing rookie.

Yes it will be in waves and we will be right back into the next flu season way before any vaccine is ready.

oldarmy1 said:

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gougler08 said:

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Touchless said:

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What was the SPY model T number again? $270 or $280?

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279

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The set up is pretty classic. Strong pop taking us within range with a good pullback to suck in early bears for a final blast to get us there. That said, you do not pass up an opening push like this morning. Especially if you are mainly in options at this juncture. I sold out all my DIS options as it approached that $106 mark mentioned earlier.


This is not an exact science but it can be fairly precise.

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Count me in on the early bears then, because all of my stop orders have executed.

AnyOtherName said:

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McInnis 03 said:

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$IQ another fraud issue like $LK? may be a fun put play.

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When you see the tweet come in and get shake hand. Then instead of closing the short when it flips green, you hit sell again and lose your ***. Effing rookie.

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F'er model T'd. I'm payin for it.

Overnight increase in deaths last night in NY: 599 to 731.

Hospitalizations seem to be reaching plateau. - Cuomo. Says deaths are lagging indicator.

Market bounced off from 268 (SPY).

oldarmy1 said:

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To my other fellow longs on CX - I think the above is just the ticket to get CX reversed upward. Symbolic throwing in the towel.

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U da man OA. Always thinking about everyone else.

The 2500 shares I just purchased are showing a green gain amount of $2.25. Yeah baby!!!

Oops - now red loss of $12.25. Crap.