During the limit downs it would jump ~20-25% overnightMcInnis 03 said:
My VXX has climbed about 10% overnight. Premium climbing this morning
Prognightmare said:If the markets pullback like I think, I'll go long BA in the 115-125 range. I'm not buying it tomorrow though.gig em 02 said:How big?Prognightmare said:
This is big.
Oh I know. I figured all that money we're printing and rates we're manipulating should prevent those kinda days for awhile.IrishTxAggie said:During the limit downs it would jump ~20-25% overnightMcInnis 03 said:
My VXX has climbed about 10% overnight. Premium climbing this morning
#Mimosasclaym711 said:
PMI out in a few minutes. Wonder if J-Pow slept in again
That theory happens the Friday before Memorial Day. Still have 3 weeksMcInnis 03 said:
BTW, happy May. Sell today and go away. See ya at the Halloween indicator.
oldarmy1 said:
Hello Put people!
If you have both long term Puts and expiring today $287's then don't forget you can buy shares against today's expiring Puts premarket to lock in gains. I bought against 75% of today's expiring Puts under $285.
You then control the trade. Get a bounce premarket? Sell the shares. Go lower? Just wait early to see if bounce into open or initial move first 10 minutes after opening bell.
I've also sold covered calls for a couple of bucks near the money if around entry price of shares or above.
It's really fun on daily expiring Puts to use various strategies to lock and juice profits.
I assume 14% of businesses in New York is still a much larger overall number than 44% in North DakotaAggieKeith15 said:
It looks like the stimulus isn't hitting the areas that will likely stay closed for a longer period of time. Should be interesting to see how this unfolds.
"A study by economists at the University of Chicago and the Massachusetts Institute of Technology found that 14% of businesses in New York were able to obtain PPP funding by April 15, compared with 44% in North Dakota."
https://www.wsj.com/articles/for-many-small-businesses-u-s-coronavirus-aid-falls-short-11588325404
Glad I sold some ERI a couple days ago...wish I had gotten more out nowjj9000 said:Quote:
Gross gaming revenue in Macau fell 96.8% in April to a lowly 754M patacas ($95M) as visa restrictions hampered any kind of comeback at all.
While a drop of more than 90% was anticipated and operators have the cash to survive for nearly a year of a "near-zero" environment, the headline number appears to be rattling investors.
Macau GGR is down 68.7% YTD and most analysts see a 40% to 60% drop for all of 2020.
In premarket action, Wynn Resorts (NASDAQ:WYNN) is down 3.55% and Las Vegas Sands (NYSE:LVS) is 3.75% lower. MGM Resorts (NYSE:MGM) is off 6.65% with the company's Q1 earnings report also being a factor.
Melco Resorts & Entertainment (NASDAQ:MLCO) is showing a 4.17% drop.
The MGM numbers and lack of a Macau recovery are also unnerving investors of U.S. regional players. Boyd Gaming (NYSE:BYD) is down 4.73%, Caesars Entertainment (NASDAQ:CZR) is 4.44% lower and Penn National Gaming (NASDAQ:PENN) is shedding 6.01%. The worst of the bunch is Eldorado Resorts (NASDAQ:ERI) with a 7.15% decline.
Took a charge related to expected credit losses of $4.1B, estimating that over 1M single family households have requested forbearances. Expects continued lasting impacts to income from COVID-19 related events.Rice and Fries said:
Fannie Mae's net income decreased 88% from last quarter ($461MM vs $4.4B in Q419)
Or investors are going to realize that this is being blown out of proportion as more antibody testing takes place. I still think we see a solid pullback, but I think the narrative is going to begin shifting to a sense of herd immunity over the coming weeks. Look at Sweden.$30,000 Millionaire said:
Don't know if this is the rug pull or not but keep in mind cases are not going down while cities and states are opening up. Investors may get the picture that Covid is not going away. Patiently waiting for 2500.