Any beaten down buys today?

Besides my likely ill-fated venture into SPY daily calls, I did pull the trigger on a Ford buy/write, and opened a strangle on SMR.

thank goodness for QMCO. saved my day

MU

That q2 guidance

Gap fill on spy is at $576.69.

I bleed maroon said:

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Any beaten down buys today?

Besides my likely ill-fated venture into SPY daily calls, I did pull the trigger on a Ford buy/write, and opened a strangle on SMR.

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I legged into CZR shares. Never lost a penny on this company and they just expanded operations into Virginia.

Hoping the Armageddon continues, would love to pick CROX back up at sub 100, and AEHR in the 12s.

Give me bargain basement POWL please.

Tom Lee says buy the dip. But that was at SPY 595. Quiet since. Said Santa cause rally still happening.

dude is an uber bull and has been nails thus far...........and it has annoyed me so much

If you buy dip in SPY, maybe hedge with Cruise puts?

BREAKING: California Gov. Gavin Newsom has declared a State of Emergency in response to bird flu.

— Leading Report (@LeadingReport) December 18, 2024

He would

well today was a kick in the nuts.

do we see continuation tomorrow??? or do the Spilner dip buyers clean up the scene of this crime???

Sold all my BRK.B and moved to SOXL. Targeting $31 to exit.

I've been following his BTC comments closely.

Last week he said BTC was too speculative and volatile to be a store of value. His comment today was in repsonse to a strategic reserve. Rather than comment directly on that, he said he can't buy and isn't in favor of laws to change that. That would imply he isn't in favor of new laws to allow the treasury to buy either.

But that's not really news, he has always been against it. The news is that the debate is becoming more visible as a decision is nearing with Trump assuming power.

M4 Benelli said:

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Give me bargain basement POWL please.

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I looked at selling a cc put on powl this morning, then zoomed out and thought about buying a protective put, in case a h&s confirms, then saw they were pretty expensive and decided to do nothing. If it does confirm, the measured move is 120ish. Yikes.

FobTies said:

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EnronAg said:

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most telegraphed fed decision ever and it dumps...BUY BUY BUY!!!

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Going from 4 rate cuts next year to 2 was telegraphed?

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Just noise...

Interest rates will be near zero by late March to early April 2025.

Charismatic Megafauna said:

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M4 Benelli said:

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Give me bargain basement POWL please.

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I looked at selling a cc put on powl this morning, then zoomed out and thought about buying a protective put, in case a h&s confirms, then saw they were pretty expensive and decided to do nothing. If it does confirm, the measured move is 120ish. Yikes.

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See my post earlier today. All technicals were pointing lower. Remember that a stock is not necessarily a company. The company is strong. The stock got VERY extended. A 40% retrace from that top still holds support.

I bleed maroon said:

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Any beaten down buys today?

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LUMN here down to $5.25 should be a good longer term buy. Flagging now, and did ok on prior market sell offs. They are stacking data center deals for AI companies. Could be more short squeezing ahead.

question for the BTC gurus - never had BTC outright, as I've only owned the ETF's and BTC related companies like COIN, MARA, etc.

Question - let's just say I was rich enough to own a couple BTC outright, are there options that you can play (i.e. selling covered calls, buying protective puts) to protect yourself? have no desire to use options outside of hedging my underlying exposure.

(not buying at these levels, but should there be a sizeable correction and I would see an opportunity to buy BTC and use options to hedge volatility and exposure)

Some buy longer dated puts on MSTR as a hedge against their long BTC. May need keep an eye on it and adjust in size/expiration over time.

I'd stay away from any leveraged inverse ETFs due to decay over time with rebalancing.

Heineken-Ashi said:

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Charismatic Megafauna said:

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M4 Benelli said:

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Give me bargain basement POWL please.

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I looked at selling a cc put on powl this morning, then zoomed out and thought about buying a protective put, in case a h&s confirms, then saw they were pretty expensive and decided to do nothing. If it does confirm, the measured move is 120ish. Yikes.

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See my post earlier today. All technicals were pointing lower. Remember that a stock is not necessarily a company. The company is strong. The stock got VERY extended. A 40% retrace from that top still holds support.

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So you would have/did pay $15 per for near the money jan puts?

Charismatic Megafauna said:

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Heineken-Ashi said:

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Charismatic Megafauna said:

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M4 Benelli said:

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Give me bargain basement POWL please.

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I looked at selling a cc put on powl this morning, then zoomed out and thought about buying a protective put, in case a h&s confirms, then saw they were pretty expensive and decided to do nothing. If it does confirm, the measured move is 120ish. Yikes.

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See my post earlier today. All technicals were pointing lower. Remember that a stock is not necessarily a company. The company is strong. The stock got VERY extended. A 40% retrace from that top still holds support.

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So you would have/did pay $15 per for near the money jan puts?

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I bought puts 2 weeks ago. Dec $250's for $6.50. Sold today for $17. I would not have done anything today, as the trend was already in motion and IV was high due to FED day.

Heineken-Ashi said:

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TTUArmy said:

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FobTies said:

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EnronAg said:

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most telegraphed fed decision ever and it dumps...BUY BUY BUY!!!

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Going from 4 rate cuts next year to 2 was telegraphed?

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Just noise...

Interest rates will be near zero by late March to early April 2025.

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Maybe so. But if that's the case, then it means the FED is piling all in on MMT and 70's style re-inflation will follow.

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Won't matter. You guys are catching money as it flies off the printing press. Up or down - it's going in the bag.

TSLA NVDA reversing hard off the AH lows immediately after market close

Tom Effing Lee

Looks like it's a large glass of Old Crow tonight.

Any new thoughts on MU?

I'd be curious what folks think of the potential for return decay in the US markets the higher we go, especially with continued 3-4% growth.

Inflows to move the S&P from 3,000 to 6,000 are far lower than those needed to move from 6,000 to 12,000 - double the market cap increase to get the same % return, and likely double the inflows required as well.

Is it even achievable without MMT?

Where will the inflows come from unless we continue to print and make it extremely cheap to obtain debt so we can support more buy backs etc?