Markets pricing in Iran missiles?

HoustonAg2014 said:

---

So if I move money over there today I won't be able to trade with that money for a month? I was about to move money over there literally tomorrow so if that's true i will be calling them today...

---

You can still do equities, but not options. You won't be able to withdrawal either.

hedge said:

---

Markets pricing in Iran missiles?

---

Iran just launched missiles towards Israel. Let's see what happens.

I apologize if this sounds insensitive as I don't mean it...but just watching it on CNBC just seems staged and not real...just the camera views and reporters talking while missiles light up the skies... just doesn't make sense when you see reporters reporting in a war zone to me...but back to markets...and its impact on this...

Gaeilge said:

---

HoustonAg2014 said:

---

So if I move money over there today I won't be able to trade with that money for a month? I was about to move money over there literally tomorrow so if that's true i will be calling them today...

---

You can still do equities, but not options. You won't be able to withdrawal either.

---

Yeah that will be an issue. Thank you for the heads up. I planned to sell puts.

EliteZags said:

---

meanwhile Robinhood instant deposit lets you light funds on fire however way you want within 2min

---

Limited to $1000 unless you have RH Gold account. https://robinhood.com/us/en/support/articles/instant-deposits/

With Robinhood Gold, your Instant Deposit limit is based on your account balance:

• $50,000 Instant Deposit limit if your portfolio value is over $50,000
• $25,000 if your portfolio value is over $25,000
• $10,000 if your portfolio value is over $10,000
• $5,000 for every other Gold user

If your transfer is reversed, then you can't do it [you have to wait]

Fidelity allows me to make regular trades right away with transfers, which is fine for me. But I can't withdraw it until everything clears.

That's crazy on an EFT. The issue was fraud at ATMs where people wrote massive checks to themselves, deposited them then cashed out. An EFT is completely different. A simple adjustment only allowing ten percent cash back from an ATM until the check clears would solve things, or only $100 cash back limited.

The perpetrators lose their accounts and are turned over to law enforcement anyway. They're going to run off good customers. A competitor will come in with common sense rules and swoop up all their disgruntled depositors.

techno-ag said:

---

That's crazy on an EFT. The issue was fraud at ATMs where people wrote massive checks to themselves, deposited them then cashed out. An EFT is completely different. A simple adjustment only allowing ten percent cash back from an ATM until the check clears would solve things, or only $100 cash back limited.

The perpetrators lose their accounts and are turned over to law enforcement anyway. They're going to run off good customers. A competitor will come in with common sense rules and swoop up all their disgruntled depositors.

---

Charles Schwab has my retirement IRAs and they're about to get my trading account too after this.

Fidelity hold times;

https://www.fidelity.com/customer-service/processing-and-hold-times

We gonna rip to a sideways finish?

Israel damage looks minimal. Could be a short term buying opp here.

Don't think I'm pulling the trigger on anything though.

Thank you for whoever recommended UNFi. I was loading up all the way under $10/share. I've sold a few hundred shares to recoup part of my original investment, but now I'm just letting it ride. To $26 and beyond!

That was beer man.

I would buy him many a Heineken

Dang, I got skittish and jumped out or skipped these plays that have done well. China ripping again.

Could've been worse today. I'll take that.

Grabbed some SOXL, TQQQ, and TNA today.

Current targets: $38, $75, $45, respectively.

Why did the markets tank today?

Probably a combo of Iran attack and the port strike.

Brian Earl Spilner said:

---

Probably a combo of Iran attack and the port strike.

---

This but is also feel like this sideways sell/push up channel we're in is going to pop up to like 580~583 suddenly and then consolidate back downwards to then resettle for election month.

I still think we close out strong until election then we dip until April/May

Spy back below that trend line from October 2023 after recapturing and staying above the last couple weeks

According to the Wall Street Journal; Israel had recently told Iran through Back-Channels that they would Respond to any Attack on their Territory, no matter how big or small, and not dependent on if there were Casualties. With Strikes against Iran’s Nuclear and Oil Facilities…

— OSINTdefender (@sentdefender) October 1, 2024

A Senior Israeli Security Official reportedly urged the Defense Establishment to Target the Iranian Supreme-Leader, Ali Khamenei in Response to tonight’s Ballistic Missile Attack. pic.twitter.com/hnKVSZ5mZk

— OSINTdefender (@sentdefender) October 1, 2024

We'll see if this comes to fruition but it's definitely something for everyone to be mindful of.

SPY below $565 is a trigger in the opposite direction. The fact that it's gone below the 8D EMA has given me pause on the calls. I did buy some yesterday and sold them before the close for a small gain. It had a chance to get impulsive off yesterdays low but there just wasn't enough significant buyers. A bunch of liquidity is now trapped at higher levels. If sellers can sustain this push down, it could spiral quickly as longs cover their losses and dealers start to hedge with selling. Money flow indicator on bottom showing selling might be in early stages.

Thanks for these posts - I have learned a ton just watching this one stock.

Picked up some SPY puts at the open.

HA, correct me if I am wrong. Looking at the chart, it seems to me that SLV needs to break through resistance around 29.50. If it does not, I think it may take a dip.

Let me know if I am reading the chart correctly. Thank you for your insight!

Happygilmore20 said:

---

HA, correct me if I am wrong. Looking at the chart, it seems to me that SLV needs to break through resistance around 29.50. If it does not, I think it may take a dip.

Let me know if I am reading the chart correctly. Thank you for your insight!

---

Needs a sustained break over the last high. Ideally break $30. Watch SI futures too. Might be a clearer picture. I don't view a huge drawdown as likely, but could definitely butt its head one more time and consolidate further. Anything can happen of course, which is why I have been preaching for people playing options to reduce risk without selling out of positions. You want to be in the game this close to breakout. It's been a multi-month range bound consolidation. Once this breakout happens, adding new positions is going to be much harder and the gains much less.

so, kind of a long winded question, but can the options experts shed some light...sold puts at $1.50...now those puts are trading about $0.45...these options do wonky pricing at end of day where the bid/ask spread will then show something stupid like $2 for the closing ask...how can I safely set a stop at say a buck, so I can guarantee myself a gain in the event it starts to plummet...but also, not trigger a buy on a stupid end of day fictitious price?