ENVX premarket say what?
Come on lucky number $100!Farmer @ Johnsongrass, TX said:
XOM Pre-Market trade of 3 million. I don't see it on NASDAQ site for trades, but it was reported and the total volume shows reported. That's a lot for XOM Pre-Market.
Quote:
Jeffrey W Ubben, Director, on August 04, 2022, executed a purchase for 1,000,000 shares in Exxon Mobil(XOM) for $88,445,292. Following the Form 4 filing with the SEC, Ubben has control over a total of 1,177,000 shares of the company, with 1,177,000 controlled indirectly. The market value of the direct and indirect holding, based on the transaction price, is approximately $103,364,140.
$30,000 Millionaire said:
CPI tomorrow. Could be traps.
Does high CPI negatively impact the market (assuming it isn't priced in - I realize it will mostly be already baked in)? Why? Raises expectation for fed rate hikes or something?Farmer @ Johnsongrass, TX said:
CPI should be crappy. As I recall it's a YoY calculation. It will take a few more months to flush out the lows in the year old data and bring in some higher values to make it appear there is improvement in the nearby.
FORD RAISES PRICE OF ELECTRIC F-150 LIGHTNING BY UP TO $8,500 DUE TO ‘SIGNIFICANT MATERIAL COST INCREASES’- CNBC$F
— *Walter Bloomberg (@DeItaone) August 9, 2022
Many ways to define this and there should be other responses along with mine. "Does high CPI negatively impact the market...." I look at it this way.topher06 said:Does high CPI negatively impact the market (assuming it isn't priced in - I realize it will mostly be already baked in)? Why? Raises expectation for fed rate hikes or something?Farmer @ Johnsongrass, TX said:
CPI should be crappy. As I recall it's a YoY calculation. It will take a few more months to flush out the lows in the year old data and bring in some higher values to make it appear there is improvement in the nearby.
topher06 said:
Also, can someone clarify what happens if you own a put that expires in the money but you also own the underlying stock? Will the brokerage assign shares of stock for the higher strike price of the put, or will they just cash settle the put?
Don't want to realize gains on the underlying stock, so may have to sell out of the put I guess before it becomes illiquid.
ag94whoop said:
Anyone have any good suggestions for places to park cash other than a savings account that doesn't earn squat?
I've seen a few MMAs and CDs in the 1.5-2% range but wanted to see if any of y'all had any suggestions
Bob Knights Liver said:ag94whoop said:
Anyone have any good suggestions for places to park cash other than a savings account that doesn't earn squat?
I've seen a few MMAs and CDs in the 1.5-2% range but wanted to see if any of y'all had any suggestions
The problem because keeping it liquid if you are planning to put it back in the market when you feel comfortable. If you think about 8% annual loss due to inflation that's not the worst thing if you aren't keeping it there very long.
Thanks.Bob Knights Liver said:topher06 said:
Also, can someone clarify what happens if you own a put that expires in the money but you also own the underlying stock? Will the brokerage assign shares of stock for the higher strike price of the put, or will they just cash settle the put?
Don't want to realize gains on the underlying stock, so may have to sell out of the put I guess before it becomes illiquid.
Brokers might do it differently, but unless it's specifically a cash-settled option, like XSP, if you hold through expiration and are in the money your broker will generally execute whatever that option says. In the case of a bought put, that means they likely will sell shares at the strike price. If you own shares they will sell those, if you do not own enough to cover they will sell short.
It sounds like you may want to begin trying to sell the put prior to expiration if you want to avoid tax liability from selling your shares.
https://texags.com/forums/57/topics/3284662BaylorSpineGuy said:Bob Knights Liver said:ag94whoop said:
Anyone have any good suggestions for places to park cash other than a savings account that doesn't earn squat?
I've seen a few MMAs and CDs in the 1.5-2% range but wanted to see if any of y'all had any suggestions
The problem because keeping it liquid if you are planning to put it back in the market when you feel comfortable. If you think about 8% annual loss due to inflation that's not the worst thing if you aren't keeping it there very long.
I-bonds?
4035 up next if this doesn't hold, that would make for some tasty puts!$30,000 Millionaire said:
You want this level, right here, to hold. I'll be getting short if we lose the LOD.
I would think the entire "don't worry about the Fed because we are near a recession AFTER TWO QUARTERS OF NEGATIVE GDP"...topher06 said:Does high CPI negatively impact the market (assuming it isn't priced in - I realize it will mostly be already baked in)? Why? Raises expectation for fed rate hikes or something?Farmer @ Johnsongrass, TX said:
CPI should be crappy. As I recall it's a YoY calculation. It will take a few more months to flush out the lows in the year old data and bring in some higher values to make it appear there is improvement in the nearby.
Interesting. Back in February Ubben sold 1.5M shares at $80. He initially bought his way onto the board buying shares at $55. I think it's bullish to buy back at a higher price. He probably regretted selling and realized this is the best he can do and it's not coming back to $80.Farmer @ Johnsongrass, TX said:
Here's a crank turner.Quote:
Jeffrey W Ubben, Director, on August 04, 2022, executed a purchase for 1,000,000 shares in Exxon Mobil(XOM) for $88,445,292. Following the Form 4 filing with the SEC, Ubben has control over a total of 1,177,000 shares of the company, with 1,177,000 controlled indirectly. The market value of the direct and indirect holding, based on the transaction price, is approximately $103,364,140.
$30,000 Millionaire said:
You want this level, right here, to hold. I'll be getting short if we lose the LOD.