Sorry, I missed it. Why is the max chart only go back to 2008? But I'll let you value and oil guys invest. Me, I have no edge in area over specialist in this industry so I will steer clear. I will get shaken and eaten alive. At least if I'm the one renting and storing the oil myself, I would have direct pulse on what's going on on the ground.I mentioned Teekay Tankers symbol TNK. The assumption is that companies like TNK would increase in value and give out huge dividends to shareholders, that is if now plays out like 2008.
TSLA crazy run started right after their Q1 P&D report they released after the market closed on April 2. Pretty much since then, TSLA has rocketed up. It's something like 10 straight days of gains. Couple days in row of crazy afterhour and premarket runup. Call buyers who bought TSLA calls right before the close would wake up to 10-40 times their money from the close day before. Insane stuff you see during TSLA earnings run.TSLA's recent run isn't about earnings, after all they aren't going to be making much any time soon. It's about the other car companies doing worse, maybe gambling that one or a couple others goes out of business first.
TSLA crazy run started right after their Q1 P&D report they released after the market closed on April 2.
yup, lost sqqq at 20. got out at 18.Yikes, 3x leveraged fund is not something I'd like to play with
Again, there's a solid case to be made for why the market should be down (over-leveraged companies, etc.), but it has been irrational for longer than I can remain solvent. Already burned on 4/17 $220 SPY puts (bailed out 2 weeks ago), and am bagholding two 5/1 $220 SPY put contracts.
The play was roughly - SPY down, IWM down, GLD down, and UUP up by mid-late Apr timeframe. It did not play out well Fortunately, already made up for it by daily scalping IWM calls.
Bought some SQQQ calls for next week.
Everyone knows this market is overbought but the computers think otherwise. In fact the algos want to set a new 52 week high soon.
We will see who wins "shortly".
I think the time to short will be when we reopen or announce reopening. There will be an optimistic pop, then we realize, oh crap the economy.
401k plans stocked with index funds definitely do this so that's a big pile of money going into stocks every pay day, regardless of market conditions.I am wondering now if the biggest money managers have just set the computers on autopilot and have instructed them to buy at all costs and no matter the price. They have done this for years now.
Anyone looking to make a short buck may have to do so on individual stocks vs the whole market. I keep seeing articles of all this money sitting on the sidelines looking for a home. While the market should retrace (and may), its likely the computers going to put some support in.
The computers dont care about price, they just buy.
401k plans stocked with index funds definitely do this so that's a big pile of money going into stocks every pay day, regardless of market conditions.
Got a few TSLA calls at open since it is 4/20. Was not disappointedTSLA is a beast. If it closes green today, that will be like 11 straight trading day in a row for TSLA. The beast can't be contained and more so during its earnings run.
I decided to dip my toes back into the water.
Sold 40 BAC 6/19 18 puts for a little under $4000. It's risky; if the pandemic kicks up who knows what's going to happen but I'm comfortable with BAC at $18 a share.
I have a funny feeling BAC will be in bidness before, during and after this pandemic.
Question is what will the economy look like 6 months from now, thats the $64k question.
*shrug* All I know is that it is 4/20, and that's probably why my USO calls printedUm, can someone explain oil futures falling 90% to $1-2?
Um, can someone explain oil futures falling 90% to $1-2?
Yeah, if BAC goes insolvent I'll have bigger issues than losing money on some BAC shares. But what if a collapsing world economy sends the shares down to $15? I'd be 12 grand behind the 8 ball the start.
But I don't think I'd let that happen unless decently quick recovery seems inevitable. If they get close to $18 I'll probably just eat a loss and buy the options back.