ATP doesn't show anything. Looked at it online at Fidelity, and it appears to be an adjusted option contract as the stock just went through a reverse split.sts7049 said:
this is what i see
Think that also explains the pop in price of the stock.
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Last: 53 min ago by Brian Earl Spilner
Think that also explains the pop in price of the stock.
yeah, i saw there was a recent split.
it just seems too easy to get $2 for a 2.5 put. when i go to the final step TOS is saying i'd get that much credit though...maybe there will be some kind of adjustment?
it just seems too easy to get $2 for a 2.5 put. when i go to the final step TOS is saying i'd get that much credit though...maybe there will be some kind of adjustment?
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Charismatic Megafauna said:
I'm putting some small bets on this still being one of the biggest weeks of the year with this price action being a gift. 465/467 Spy spreads for friday are .1, or 456/461 are 1.64 for a safer 200%
Just got a couple more 465/467s for .04
They wouldn't fill as spreads though so i had to leg in
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Wtf, somebody make it stop!
This is weird. The reverse split was 15:1.sts7049 said:
yeah, i saw there was a recent split.
it just seems too easy to get $2 for a 2.5 put. when i go to the final step TOS is saying i'd get that much credit though...maybe there will be some kind of adjustment?
I don't know if I'm doing this right, but if we take the price at 0.60 on 3/1, that would translate to a $9 share price.
But it only opened at $4.2 after the R/S.
Fidelity's adjustment shows me I'd only get six shares of stock for each option contract, which roughly gets us to the 15:1 R/S.
Would that mean it would have to be below $15 (6*2.5) on 4/14 to pay? Assuming you bought puts I mean.
Grabbed some SAVA @ 31 with play money.
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Only thing making me money today is a SPY put.
The historically fifth most bullish week of the year is looking like it got its horns sawed off.
yeah, lose 4530 and it get's castrated tooFTAG 2000 said:
The historically fifth most bullish week of the year is looking like it got its horns sawed off.
probably get 4500 in the overnight
Bears need to rampage and get it out of their system. Let's move on from this crap.
bounce here or never...
I used today as an average down day. Might be a stupid strategy with my calls but I definitely brought my cost basis down quite a bit. Hopefully we get a good spike tomorrow and it'll pay off. If not, I'll have to pull chalks on these.
tough day, but still up for the week. I'll take it.
You don’t trade for money, you trade for freedom.
I posted this earlier, but I would consider this a big support loss for SPY.
Reminder that Fed is tomorrow.
Reminder that Fed is tomorrow.
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire said:
Reminder that Fed is tomorrow.
There's a good chance that today priced in the worst case scenario from the fed tomorrow, right?
Best case putin keels over tonight and all these calls i bought today pay bigly
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Serotonin said:This was predicted several weeks ago with the sanctions but amazingly the rouble has rebounded to about where it was right before the war.AgLA06 said:Serotonin said:
And as many Russian oligarchs are finding out the hard way, deposits in western banks and large yachts are hard to keep away from authorities.
A handful of watchboxes with 8-9 figures worth of watches? Much easier to keep safe or quietly offload.
I guess. Doesn't really matter if the currency where you live is worth less than toilet paper. Just ask the Russians.
https://on.ft.com/3x4q2JQ
Sidebar: Russia's Central Bank governor is one of the best if not the best monetary policymaker in the world (and a far cry from our latest nominees). They've implemented strict capital controls and raised their key rate to 20% to avoid inflation and a collapse of the currency.
Does serotonin post here? This is from the watch thread. Seems like really good news for those of us who bought blood rubles in the firm of sbrcy before they got locked up. Stocktwits buffoons are saying that if it were unlocked yesterday the conversion rate would make those shares $8 or so? Which would be wonderful.... wonder if there's any truth to it
just very simply, on SPY:
- Good support at 447.6 area (200 SMA)
- Resistance at 457.8 - 458 area
- Resistance at 462 area
- You want to see 453+ tomorrow to feel bullish. Remember, the 8 and 21 are stacked positively and price was above both the 8 and 21 until today.
You don’t trade for money, you trade for freedom.
What would the fed day say that would make the market rally? They can't ignore inflation, best they can do is say they'll be measured and careful about when to raise rates.Charismatic Megafauna said:$30,000 Millionaire said:
Reminder that Fed is tomorrow.
There's a good chance that today priced in the worst case scenario from the fed tomorrow, right?
Best case putin keels over tonight and all these calls i bought today pay bigly
You don’t trade for money, you trade for freedom.
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I'm way out of my element but i guess that's it... they raise 50bps with some dovish talk about targets and evaluating their path forward. Worst case scenario being hawkish talk about reigning in inflation quickly
We don't know. All we can do is react!
You don’t trade for money, you trade for freedom.
Someone should look at overnight futures volume. Find the biggest volume and that could be the play tomorrow.
Can someone explain why more aggressive interest rate hikes have the market so spooked? It seems to me getting inflation under control is a good thing and should be priority #1.
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$30,000 Millionaire said:What would the fed day say that would make the market rally? They can't ignore inflation, best they can do is say they'll be measured and careful about when to raise rates.Charismatic Megafauna said:$30,000 Millionaire said:
Reminder that Fed is tomorrow.
There's a good chance that today priced in the worst case scenario from the fed tomorrow, right?
Best case putin keels over tonight and all these calls i bought today pay bigly
We've seen them due Fed doom Armageddon the day before a milquetoast Fed and then market rally later that week. I could honestly see anything happening tomorrow.
makes borrowing money more expensive. Growth companies rely on borrowing money to grow. Less growth means less interest in owning high PE equities. So they sell off.Brian Earl Spilner said:
Can someone explain why more aggressive interest rates have the market so spooke? It seems to me getting inflation under control is a good thing and should be priority #1.
But doesn't ridiculous inflation hurt everything?
both can be true. Higher interest rates in a way are forcing consumers to borrow and spend less. To bring spending more in line with production. Lower demand so supply can catch up. This normalizes prices and brings inflation down.Brian Earl Spilner said:
But doesn't ridiculous inflation hurt everything?
By raising rates very fast, the FED is signaling that they intend to not just slow the economy, but stop it. They intend to destroy jobs.
The market is priced around 15x future earnings which implies a growth mindset. When the FED says they intend to impede that natural growth from happening, the market must be re-priced.
The market is priced around 15x future earnings which implies a growth mindset. When the FED says they intend to impede that natural growth from happening, the market must be re-priced.
Thanks.
Bonfire1996 said:
By raising rates very fast, the FED is signaling that they intend to not just slow the economy, but stop it. They intend to destroy jobs.
The market is priced around 15x future earnings which implies a growth mindset. When the FED says they intend to impede that natural growth from happening, the market must be re-priced.
Good read….Nice to someone has been paying attention…..
Thanks for your input. I agree with your assessment. My question is this: if inflation is such a bad problem (and of course it is!), why are they waiting to raise rates again next month?
Why not do it also in April? If they do raise in April and it's unannounced, the markets will be certainly rattled, but this problem won't solve itself and inflation is gonna look much worse next month when food and gas adjustments are priced in due to Russia and international things…
Why not do it also in April? If they do raise in April and it's unannounced, the markets will be certainly rattled, but this problem won't solve itself and inflation is gonna look much worse next month when food and gas adjustments are priced in due to Russia and international things…
I think it's highly likely we test 4490 overnight and/or tomorrow and usually with a 200 ma touch, you get a flash past it a bit. I'm long a couple puts here and that's about it. The trend down today ran into the close.Charismatic Megafauna said:$30,000 Millionaire said:
Reminder that Fed is tomorrow.
There's a good chance that today priced in the worst case scenario from the fed tomorrow, right?
Best case putin keels over tonight and all these calls i bought today pay bigly
Evening gents!
For the options degenerates. First, as most know, I love trading options. Also most know I don't play with major portions of any account I have and none are intended for get rich quick schemes. Fun yes. Sometimes home runs yes. But they are just part of trading I enjoy as part of active trading.
With that being said, I pay attention to those that actively and what I would say successfully trade options. One thing I see consistently is most begin scaling out once 25% or so is reached. If you haven't tried this approach maybe give it a try. I scale out, set trailing stops, etc, etc, etc all the time. More often than not it helps provide consistency on generating profits.
Above all else get out of the trade if the setup fails your predetermined levels and risk.
Anyway just a tidbit tip y'all might give a try.
Until next time…..trade wisely.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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I'm cool with the market touching whatever it needs to touch in the overnight session. Just do it off the clock!
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I feel like the market already touched me earlier today. I need a doll to show you where.
Because we went up 500 points very quickly. We have plenty of room to pull back more if they want, while still maintaining a bullish structure.
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