Won't do any stops, I'm watching the price of BB. The downside is I basically have to watch it all day long in case it takes a big dive. Then decide if to dump it or not. But I shouldn't complain, many have it far worse than me sitting in front of the monitor for about 7 hours straight.There's definitely logic to it. Brokers and exchanges know where your price is, and can aggregate the data behind the scenes to take out the stop losses. It's not just the one guy for a few grand, its the tens of thousands. Additionally traditional rules are out the window right now. I'd wager even the algorithms are having a hard time with all of this. If you're trying to making a traditional trade with a traditional stop loss in this non-traditional market, you're going to be stopped out and likely at a loss as most traders/investors are very poor at timing their entries on the small time scale. This is a 100% gamble money play here - no stop losses, but have an exit price on the way up.
SRNE gone up too today based on positive result from their phase 1 test.
BB is now absolutely skyrocketing. This is so stupid lol.
This is my BB situation:
1000 shares/cost basis 7958.40/current value 26640/gain +18641
9 Calls 6/18/21 cost basis 1043.38/current value -19106.62
I think if you want to unwind the trade you simply put it as a buy write transaction.
Buy back the short calls and dump the stock to cover the loss on the same order ticket. I've done it before.
But it's up to you.
Tesla 4th quarter earnings is after the close today. I wonder if Wall St. will try to use TSLA stock as sort of revenge and try to punish retail by hitting TSLA after it reports. That's been on my mind as Wall St tries to slow or stop this short busting momentum trade that's going on right now. TSLA was the poster child for craziness last year and spanked all the short sellers. TSLA is like the general and Elon and TSLA are favorite of WSB. You attack the general and maybe you can slow down or at least put a scare into the soldiers.
You'd be such a target if you did that. The ghost of Melvin would come back and try to sink you.Wall Street needs to come out with index that tracks and mimics all the popular WSB trades. Setup an ETF and just collect the management fees. Maybe I should do that. lol.
Just keeping an eye on this selloff. Not in the shorted names as that's the safe haven today since the institutions are scared and closing out their short names as they don't want to hold short the next WSB targeted names. But Wall St elites are steaming mad right now. So watch out for their temper tantrum. They will strike back and they could sink the general market to hurt index funds and the mom and pop investors who hold it.
Wall Street needs to come out with index that tracks and mimics all the popular WSB trades. Setup an ETF and just collect the management fees. Maybe I should do that. lol.
They were always the ones that were going to get hurt. I'm just happy I got to see some filthy casuals piss in millionaire's eyes.Anyone not expecting a fierce reaction from Wall Street might want to reconsider. These are some of the smartest guys in the world and they're working 24/7 on this as we speak. Not the traders - the quants.
And, yes - I do fear a lot of moms and pops are going to get hurt.
Noooo.....Blackberry is making the OS of the future. (it's on wheels!)Well if they sink the market I'll make sure to buy some more Microsoft haha.
They're "American Psychos", so to speak.Anyone not expecting a fierce reaction from Wall Street might want to reconsider. These are some of the smartest guys in the world and they're working 24/7 on this as we speak. Not the traders - the quants.
And, yes - I do fear a lot of moms and pops are going to get hurt.