FJ43 said:

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OA snagged those 1.15s

third coast.. said:

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clinto said:

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Anyone bargain shopping today? SKLZ down over 10%, Thinking about adding more shares.

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can still sell WWR April 5P for .50

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I'd go for selling $3 on the May 7.50s

AG 2000' said:

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cptthunder said:

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rodan85 said:

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cptthunder said:

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cptthunder said:

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Has anyone here traded $UGA
Hearing refinery run rates are still down from the freezagedon and then the tweet from OA about a terminal not having fuel until a week out has me doing some research for a way to trade this
Comments on here about traffic and travel supports the increased drawdown numbers being significant

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Bringing this up again to see if anyone here has traded UGA before?
With what looks like a pullback this morning to just below the 8EMA, im looking to enter either the April 34 or 35Cs

Got filled on the April 35C for .65 so trial by fire it is

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I bought the ETF last year at the dip. Options may be the way to play it now, but I am just getting started in options.

I am betting on Gasoline to go up based on what OA tweeted, so I bought more.

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Not a ton of volume on the options so I just went real small as a first go on this ride to see how they behave
Good thinking on the buy last year, guessing thats working out nicely for you so far

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Looks to also be a left goal post this morning.

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Bringing this back up on the new page.

Qs moving right way

Account is basically back to where it closed yesterday. Down about 7.5% from Monday. It fell this morning at open and then recovered quickly. I didn't even get a chance to average down anything because nothing fell enough to make a difference.

Curious to see what happens AFTER Powell speaks.

Yesterday I rolled my CLOV 3/19 12.5 puts to May for .55 credit. Not saying I'm happy about it, but it's what I did.

TecRecAg said:

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It's $1,400 for people who make less than $75k a year. It's unlikely that a lot of those people are instantly throwing that money in to the market. Sure, maybe some.. but the overwhelming majority of those who qualify are most likely paying bills or buying scratch-offs with that money.

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You forgot an option. When the first stimulus hit last spring I have a client who had an employee QUIT THEIR JOB! At a time when 20% of America got laid off she quit because they had $3900 now and she didn't need to work.

third coast.. said:

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wanderer said:

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third coast.. said:

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clinto said:

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Anyone bargain shopping today? SKLZ down over 10%, Thinking about adding more shares.

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can still sell WWR April 5P for .50

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I'd go for selling $3 on the May 7.50s

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wish I would have seen that yesterday. fired all of my Put powder so to speak. I reckon I could buy them back and go make some more money with those puts. I am still trying to figure out what the hell I want to do with these trash 12.50 CLOV puts expiring Friday.

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$1 April Puts on DNN are $0.13. Nice option for those looking for premium or get in at $0.87. Not sure if I am adding more yet, but WWR, DNN, and a few others are on my radar to sell puts.

yes and the majority of those people got burned. sure, some made money. some.

they'd be stupid to do it again... oh wait, this is the general public we're talking about. maybe im wrong

LOYAL AG said:

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TecRecAg said:

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It's $1,400 for people who make less than $75k a year. It's unlikely that a lot of those people are instantly throwing that money in to the market. Sure, maybe some.. but the overwhelming majority of those who qualify are most likely paying bills or buying scratch-offs with that money.

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You forgot an option. When the first stimulus hit last spring I have a client who had an employee QUIT THEIR JOB! At a time when 20% of America got laid off she quit because they had $3900 now and she didn't need to work.

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This can't be real. Please tell me this isn't real.

I've got a buddy that works in collections and he says his company cleared more in 2020 than ever before. At first I thought it was kind of counter-intuitive, but apparently a lot of people used that stimulus money to clear old debts. When people get a paycheck or a tax refund, they already know what they're going to buy with it, but this "stimulus" was more of a surprise so they hadn't already spent it in their minds and decided to pay down their debts.

No comment on the SKLZ offering drop?

Keeping an eye on PDD and option flow. I really like the idea of bouncing if around 138

tam2002 said:

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Anyone buying UVXY down around 7 this morning as a hedge?

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Curious as well

Not sure how it was with the first two, but with the $1,400 stimulus debt collectors can take from it before the person receives the money.

I have no doubt that it's real.

At a previous job (manufacturing) there was a guy who had 4-5 kids and would get a "big" tax refund every year. As soon as the refund check came each year, he would stop showing up for work. Then he would come back around mid-May to beg for his job back. And of course they let him come back.

Anyone else's portfolio have a crazy stack of WWR options?

chaca5151 said:

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chaca5151 said:

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Can someone help me understand this... from my company.

The company match is normally based on the first 6% that you contribute from each paycheck and ranges from 25% to 75% of your match able contributions during the Plan Year.

I don't understand the 25% to 75% part. I currently invest 11% of my paycheck.

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Thanks to everyone for their insight; I'm glad I wasn't the only confused on this. It's verbatim off our company website.

I want to match my company 6%, use the remaining 5%, and put it into a Roth IRA to handle myself. Thoughts? Like I said above, my total contribution to my 401k is 11% currently.

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* Yep, always capture all of your company match.
* If your company has a 401k Roth, consider putting the excess there.
* If no-company 401k Roth, taking excess to personal Roth is good thing.
* If your company program matches like I described in my earlier post as my company did...and as one poster noted a company program as such is cheap AF....and I agree with that assessment...investigate other Match programs of industries in your area.. I had other incentives holding me to my job and company, but I probably would not have gone to work for that company starting out with the Match program they offered.
* Right now, it is not uncommon to have company's that stopped matching 401k contributions due to COVID and continue to not match today.
* A close friend of mine is a Comp Analyst (Senior Level) for a major ww corp. They have employees leaving due to a temporary no Match situation. Problem is, those are good paying jobs in the areas the jobs are located and there are no other jobs available to replace. Bottomline,...don't leave your job/company over 6% Match, because there may not be employment locally to replace the job you leave and you likely have thought about this. If you want to relocate, that's another story. (I'd keep my eyes open for better opps)
* Side Note Tangent: *COVID the equalizer.* COVID is exposing a lot to industry. More so, who is needed and who is not. Another contact of mine, MA/eastcoast lost his job 2 weeks ago Friday. A tech company employee, basically an entertainment coordinator taking care of their clients. Literally played golf for the company taking out the clients and keeping them happy. Couldn't perform the job for a while due to COVID - his company discovered the clients didn't leave for a competitor without the entertainment. Paid $350K/yr and he's played many courses across America. Outside of a gift for gab, he has no tech skills or experience and cracked 54 yoa with a hellava lifestyle living paycheck to paycheck with ~$24K month expenses. Beach home, snow cabin, second house, extra cars and trucks, jet skis and snow mobiles, other toys, hitting the market this last weekend. Just had 3 banker friends in Charlotte met the same fate a couple months ago, not as high comp 175K to 250K, but they had transferable skills and yet had to part with assets/toys. Not sure how fast these guys find "like" employment. Stories like these happen everyday, nothing new. Live today, but keep planning for your future.

Back to regularly scheduled programming.

I'm still bullish.

Since the SPY couldn't hold highs did people hedge with options or inverse etfs...

A lot of yall know I follow Avi closely. I think this article he put out today is a must read for all of you, especially the newer traders and those of you always looking at earnings.

How To Analyze Market Sentiment Along With Market Fundamentals | Seeking Alpha