I feel like I need to spend more time trying to learn/understand the greeks of the market. This flew right over my head.sts7049 said:ProgN said:
Big volume buy on the 5min in AMD$AMD Absolute masterful trade: Someone just stepped in at the high and sold the 95C for $1.39M and at the same time bought the 95P.
— Theta Warrior (@ThetaWarrior) May 13, 2022
As the call is sold that stock is no longer needed to be hedged so ~790K delta are CLOSED tanking the stock which nearly 3X'd the newly opened put. pic.twitter.com/3VI3idQXva
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Easily my best day trading ever. But boy am i exhausted. See yall next week!
Best part is that i have 0 real open positions so I can relax and play the opening on monday.
Best part is that i have 0 real open positions so I can relax and play the opening on monday.
bmoochie said:I feel like I need to spend more time trying to learn/understand the greeks of the market. This flew right over my head.sts7049 said:ProgN said:
Big volume buy on the 5min in AMD$AMD Absolute masterful trade: Someone just stepped in at the high and sold the 95C for $1.39M and at the same time bought the 95P.
— Theta Warrior (@ThetaWarrior) May 13, 2022
As the call is sold that stock is no longer needed to be hedged so ~790K delta are CLOSED tanking the stock which nearly 3X'd the newly opened put. pic.twitter.com/3VI3idQXva
I'd love to read a book if there is one on how the MM move (manipulate) the markets.
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I don't feel like I need to learn how to do any of that. I'll never trade with enough weight to move markets like that.
For me it's like watching college coeds at the beach. I can't even make an attempt, I can only hope to be stealthy enough so the wife doesn't catch me admiring.
For me it's like watching college coeds at the beach. I can't even make an attempt, I can only hope to be stealthy enough so the wife doesn't catch me admiring.
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texagbeliever said:
Easily my best day trading ever. But boy am i exhausted. See yall next week!
Best part is that i have 0 real open positions so I can relax and play the opening on monday.
Congrats!
That's not Cathie Wood
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What i wanna know is: Did they close the puts?
texagbeliever said:
Easily my best day trading ever. But boy am i exhausted. See yall next week!
Best part is that i have 0 real open positions so I can relax and play the opening on monday.
Congrats! Nice to see this. Enjoy the weekend you earned it.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
OMG Babe look. Can you believe that hot chick is wearing that thong? Why would she do that?Bob Knights Liver said:
I don't feel like I need to learn how to do any of that. I'll never trade with enough weight to move markets like that.
For me it's like watching college coeds at the beach. I can't even make an attempt, I can only hope to be stealthy enough so the wife doesn't catch me admiring.
I hope everyone had a good day. We had our first panic buying day since June 2020, potentially signalling the reversal from bear to bull. I still feel like we have to go lower, but it is another data point.
Today was a 92% upside day, the first one since June 8, 2020. See https://t.co/0CaG1R58lQ for implications.
— Walter Deemer (@WalterDeemer) May 13, 2022
today was a great day. we got near -3 ATR, of course we had to bounce. It can continue, obviously, but we haven't broken the down trend. This still appears to be a STFR situation.
I'll post a follow up in a second.
I'll post a follow up in a second.
You don’t trade for money, you trade for freedom.
For some reason, on days like today, I'm reminded that some poor ******* threw in the towel and liquidated all their positions just yesterday.
In other words, I'm at least savvier (luckier?) than one dude out there and I've still got a whole weekend (with Aggie baseball) to revel in that selfish feeling.
So a toast amongst investin' Ags - To more rippin' and less correctin' in the near future. Cheers.
Godspeed amigos, enjoy your weekends.
This isn't really high quality TA, ok? But in my redneck mind here is what we have to get over to believe we have a temporary bottom. The market was really oversold. Of course it was going to bounce.
Yeah yeah, descending channel and falling wedge. I see them both.
Yeah yeah, descending channel and falling wedge. I see them both.
You don’t trade for money, you trade for freedom.
sunglasses bro!! never get caught that wayBob Knights Liver said:
I don't feel like I need to learn how to do any of that. I'll never trade with enough weight to move markets like that.
For me it's like watching college coeds at the beach. I can't even make an attempt, I can only hope to be stealthy enough so the wife doesn't catch me admiring.
i'm just going to say again, don't fomo. market will be open next week.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
i'm just going to say again, don't fomo. market will be open next week.
As long as it's lower at some
point
Soros loading NIO
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
https://finance.yahoo.com/news/burnt-nurses-push-back-staff-150157345.html
This is a sobering article. Was talking to our CMO at a meeting this week, and he said Ascension Health and Kaiser in CA both reported $1B losses recently, and they are "non-profit" hospitals.
He says the first thing they do when they report major losses is to cut costs, ie nursing positions. Our hospital has been plagued by nursing shortages (and many other hospitals I'm sure!), so he thinks we may see an influx in nurses coming from CA (if they're willing to move).
The outlook in the near-term is fairly grim. Healthcare remains a great profession/career, but burnout is real and unfortunately pervasive at this time. Some travel nurses were making $10K/week during the pandemic. That's just not sustainable and going back to more realistic salaries will only increase the burnout.
Sadly, this problem was exacerbated by bad government policy, and all will suffer for it.
HCA got rocked when they reported earnings a couple weeks ago, but they have deep pockets and are very successful. My guess is next quarter will be just as bad. The company 4.5x'd from COVID bottom so more correction still to come IMO, but they will emerge well and may buy some of these smaller hospitals at discount prices if they think they can make them profitable again.
This is a sobering article. Was talking to our CMO at a meeting this week, and he said Ascension Health and Kaiser in CA both reported $1B losses recently, and they are "non-profit" hospitals.
He says the first thing they do when they report major losses is to cut costs, ie nursing positions. Our hospital has been plagued by nursing shortages (and many other hospitals I'm sure!), so he thinks we may see an influx in nurses coming from CA (if they're willing to move).
The outlook in the near-term is fairly grim. Healthcare remains a great profession/career, but burnout is real and unfortunately pervasive at this time. Some travel nurses were making $10K/week during the pandemic. That's just not sustainable and going back to more realistic salaries will only increase the burnout.
Sadly, this problem was exacerbated by bad government policy, and all will suffer for it.
HCA got rocked when they reported earnings a couple weeks ago, but they have deep pockets and are very successful. My guess is next quarter will be just as bad. The company 4.5x'd from COVID bottom so more correction still to come IMO, but they will emerge well and may buy some of these smaller hospitals at discount prices if they think they can make them profitable again.
This may be a dumb question, but anyone know if it is possible to link a Chase investment account to a trading platform? Or should i just switch to a different trading broker with a platform?
Median turnover for nurses across the industry right now it over 20% for the last year, with about half leaving the profession.
Staffing ratios (nurses to patients) are being stressed which isn't good for quality of care, and you've also got about 5% who have taken to nursing agencies which essentially price gouge. Those agency rates are about 2.5X what a full time employee costs of the same technical capabilities.
So when your target operating margin is 2-3%, and half your cost is payroll - you can't really have reliance in agencies go from less <1% to 5%, driving payroll up by 8% and whipping out your entire margin.
If this persists the only answer is for healthcare to reduce services, which will back up wait times and hurt health outcomes even more.
Staffing ratios (nurses to patients) are being stressed which isn't good for quality of care, and you've also got about 5% who have taken to nursing agencies which essentially price gouge. Those agency rates are about 2.5X what a full time employee costs of the same technical capabilities.
So when your target operating margin is 2-3%, and half your cost is payroll - you can't really have reliance in agencies go from less <1% to 5%, driving payroll up by 8% and whipping out your entire margin.
If this persists the only answer is for healthcare to reduce services, which will back up wait times and hurt health outcomes even more.
texagbeliever said:
This may be a dumb question, but anyone know if it is possible to link a Chase investment account to a trading platform? Or should i just switch to a different trading broker with a platform?
If you're going to be an active trader IMO move to a full service broker with high quality trading platform.
I use both IBKR and TOS/TDA as examples.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Agree. The heroin that was free pandemic money has dried up, and now the withdrawal is beginning.
More pain in the future as I see it. Margins are certainly being squeezed and the effects are going to be to the detriment of the patients.
More pain in the future as I see it. Margins are certainly being squeezed and the effects are going to be to the detriment of the patients.
To piggy back off of this, while not as daunting... there is a looming crisis happening in education.
Teachers and coaches leaving/retiring at extremely high rates. I know it seems like this is the case in all professions. Heck, I'm one of these statistics making a mid life career switch too.
Teachers and coaches leaving/retiring at extremely high rates. I know it seems like this is the case in all professions. Heck, I'm one of these statistics making a mid life career switch too.
It's everywhere. Healthcare has is particularly bad because the nurses demanded their cut of all that government pumped money - and tons of nurses who normally make $75k made 400-500k.
The good news is most of them spent the hell out of it, plus were poor tax planners and you're already seeing some forced back into the workforce. May take 12-18 months to happen naturally.
Honestly a recession with unemployment above 10% would do us some good.
The good news is most of them spent the hell out of it, plus were poor tax planners and you're already seeing some forced back into the workforce. May take 12-18 months to happen naturally.
Honestly a recession with unemployment above 10% would do us some good.
My general timeline has been that this will be 12-18 mo recession….hopefully not longer! I see things really getting better in 2023, and that's what many interviews say when asked about relief of supply chain issues.
Yes, it will allow for financial situations and prices to normalize. Suffering will be dramatic and immense but it's the only way to come down off the high of free, government-printed money. This is what the free lunch cost this time a fortune.
The world should be celebrating re-opening as COVID declined in recent months (small surge now notwithstanding), but instead the world is a mess, no thanks to bad leadership and poor financial oversight/planning. Both parties get to own it and no politician can seek moral high ground here, IMO.
Yes, it will allow for financial situations and prices to normalize. Suffering will be dramatic and immense but it's the only way to come down off the high of free, government-printed money. This is what the free lunch cost this time a fortune.
The world should be celebrating re-opening as COVID declined in recent months (small surge now notwithstanding), but instead the world is a mess, no thanks to bad leadership and poor financial oversight/planning. Both parties get to own it and no politician can seek moral high ground here, IMO.
Not to get political, just reading the tea leaves... I think in red states this will be the event used to usher in school choice. I've been telling folks this for a while... Then Gov Abbott says this the other day:irish pete ag06 said:
To piggy back off of this, while not as daunting... there is a looming crisis happening in education.
Teachers and coaches leaving/retiring at extremely high rates. I know it seems like this is the case in all professions. Heck, I'm one of these statistics making a mid life career switch too.
BREAKING: Texas Governor Greg Abbott: "Empowering parents means giving them the choice to send their children to any public school, charter school, or private school with state funding following the student." pic.twitter.com/pUAeLrYOVh
— Corey A. DeAngelis (@DeAngelisCorey) May 10, 2022
Not sure how this can be used in the markets... but I'd like to figure it out.
There are some Ed tech companies that are private at the moment that I think would do quite well as a public company in this type of environment. Edpuzzle being one of them (they specialize in online educational video quizzes). They also need to figure out a better way to monetize. I seriously considered trying to get a job with them before deciding to go into finance.
I think companies really screwed up handling of covid. By making efforts to "keep people informed" they put themselves in positions to be delivering negative news once or twice a week if not daily. Even if the news was impartial and truly fact only, the news was still bad (which for any major ESG company was definitely not impartial nor fact only).irish pete ag06 said:
To piggy back off of this, while not as daunting... there is a looming crisis happening in education.
Teachers and coaches leaving/retiring at extremely high rates. I know it seems like this is the case in all professions. Heck, I'm one of these statistics making a mid life career switch too.
A healthy relationship is thought to need 3-5:1 positive to negative interactions. So companies started pumping up the number of negative interactions just by being a source of news. That soured many employees to their company. Take out in person human interaction and potential positive interactions fell further.
Now you might say delivering bad news shouldn't really count as a negative interaction. Think about a person you know who is always being negative. How would you describe that relationship? It is likely draining. Maybe dread starts to build. That is what i think is causing huge turnover especially among the SINKs and DINKs (sing/double income no kids). Just wanting to hit reset.
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FrioAg 00 said:
Itons of nurses who normally make $75k made 400-500k.
Holy hell, is this true?
Nurse pay and shortages.
I am directly involved with this, and it is a huge budget drain on the Federal gov's largest health care system. Contract/Travel RNs are still in play, and not a realistic end in sight yet.
Coincides with the huge influx of patients who delayed coming in due to pandemic, and are now in worse shape due to deferred care. SO the staff RNs are burnt out and retiring / going contract for 2x the pay.
It is not good, and takes up incredible amount of my time that should be spent on my main job duties.
I am directly involved with this, and it is a huge budget drain on the Federal gov's largest health care system. Contract/Travel RNs are still in play, and not a realistic end in sight yet.
Coincides with the huge influx of patients who delayed coming in due to pandemic, and are now in worse shape due to deferred care. SO the staff RNs are burnt out and retiring / going contract for 2x the pay.
It is not good, and takes up incredible amount of my time that should be spent on my main job duties.
We have a labor/productivity problem. Too many people have shifted to service based industries over the last 20 years. Our production was outsourced overseas so now we do t have anyone here domestically willing or able to meet the production gap.
Covid spikes in volume created the early demand, then combined massive bailout cash flows from the government created the supply. So you saw these traveling nurse agencies facilitate a fast run up in the pay to draw these nurses into traveling assignments
Once enough of them jumped, they created vacancy in their home markets. In the fall you started seeing a ton of nurses take traveler rates but be able to stay in their home market. And now the ones still working refuse to go back into normal employment and staffing.
It's quite dangerous well beyond just the financial impact.
And my data is first hand knowledge
Once enough of them jumped, they created vacancy in their home markets. In the fall you started seeing a ton of nurses take traveler rates but be able to stay in their home market. And now the ones still working refuse to go back into normal employment and staffing.
It's quite dangerous well beyond just the financial impact.
And my data is first hand knowledge
I think it is also worth noting that hospitals deserve blame in the lead up to covid. Treating nursing like shift workers without a guarantee salary but then demanding they be able to pick up extra shifts at any time is having your cake and eating it to.
This is one of those times when playing the short term gain paid off for hospitals over and over but now the chicken has come home to roost. Since obamacare, the consolidation of hospital systems to a few mega corporations only further exacerbates the problem. There isn't the ability for a midsize participant to rise up with a more sustainable and work life balance changing model to correct the issue.
This is one of those times when playing the short term gain paid off for hospitals over and over but now the chicken has come home to roost. Since obamacare, the consolidation of hospital systems to a few mega corporations only further exacerbates the problem. There isn't the ability for a midsize participant to rise up with a more sustainable and work life balance changing model to correct the issue.
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Wow, that's wild
To make it relevant to this thread - there should be a lot of 12-18 month pain for any stocks driven by hospital profitability
There should be some upside for businesses who thrive when hospitals cannot meet full demand
There should be some upside for businesses who thrive when hospitals cannot meet full demand
I think that's a pretty serious exaggeration.
Just because the staffing companies are charging 3-4x for traveling nurses doesn't mean the nurses are pocketing that.
Just because the staffing companies are charging 3-4x for traveling nurses doesn't mean the nurses are pocketing that.
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