The People’s Elbow
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Posts posted by The People’s Elbow
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With cases rises, states possibly locking back down and the risk of businesses closing back down (see AAPL, DIS), I actually think we’re in for a little volatility and pain the next couple weeks (or more).
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SPOT is fucking dumb. That’s all I have to say.
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Whose sock is Turkleton? No way he’s a random stranger to this community.
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4 hours ago, bullzak said:
First rule of investing is "dont fight the Fed."
They have been a big player in markets way before twitter.
We can argue about whether that makes sense or not but to deny it and say its unfair is folly.
Personally I think its gone up way too far and too fast. Thats great for me but I sure as shit wouldn't be a buyer in here. Better entry points have to be coming once all the BK start rolling through. Even the Fed cant stop that.
What does Burger King have to do with this?
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Well, these SPOT puts have turned out to be a colossal fail thus far. SPOT is up nearly 30% this week on the Joe Rogan news, but fuck me for fighting the hype. It feels like betting against BYND or TSLA.
July expiry, but not sure I can suffer any more loss.
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3 hours ago, crash_davis said:
Shooting the 11 yr old kid seemed kinda unnecessary.
Depends. What he wearing a Boomer Sooner t-shirt?
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33 minutes ago, workswithseed said:
9:30pm seems very late to get a package.
Not for Mrs. TPE. HEYYOOOOOOOOOO
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Thinking long SPOT puts after seeing this breakout.
...edited to say the spreads are looser than South Austin’s mom. May sit on the sideline until those tighten up.
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Maybe it’s not possible to have this conversation among the stonk talk, but I’d love to learn more about others’ option exit strategies. Do you you target profit, time, technicals?
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BYND calls paid off quickly. Sold four of the five at +35%. Yeah, they don’t expire until July and BYND has shown a propensity to fucking fly, but I start pulling after 25%. I’m having a hard time not touching my last one and it’s +47% right now.
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Took today’s opportunity to get long PTON and BYND July calls.
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23 minutes ago, Blotto said:
I'm sure we would all like the ability to know the future with 100% accuracy. Sure would make this stock picking game a lot easier.
Of course. That wasn’t so much my point as the fact that I’m not experienced enough to properly min/max.
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59 minutes ago, LTtxfan said:
No kidding. I sold expecting the ER AH sell off, and though I ended up with ~38% return, I definitely may have left some money on the table. Case and point: I made a hair over $4,200 today, but left almost that much on the table (ie the day’s highs).
I can never tell when it’s gonna selloff and when it’s not, and I need more efficient exit strategies.
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AMAT is off and running. Let’s go!
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26 minutes ago, LTtxfan said:
Strike price on your WIX calls??
$170. I left some money on the table, but fuck it: 40% is 40%.
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Still getting fucked by AMAT, though. Bought the dip, so this AM’s performance has certainly helped stem the bleeding. Maybe I’ll hold for a couple weeks. I dunno.
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My BYND and WIX calls came in handy this AM. Fucking risky holding WIX through ER, but there was such little movement leading up to it, I was counting on the bump. Glad it went in my favor this time.
Holding DKNG calls until this afternoon.
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Wrong thread.
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AMAT is not breaking the way I’d hoped. Fuck me for believing in some of their fundamentals.
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1 hour ago, Anastasis said:
There goes 145.
Now I don’t feel so dumb about my puts at $137.
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3 minutes ago, Anastasis said:
At least I am back on the right side of this one after taking the loss on buying back the call.
Think it’ll close at or above $140?
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BYND says “hi,” @Anastasis
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AMC gonna AMC.
Markets still falling like whoa
in 6th Street Journal
Posted
I figured news of airline loans would move the needle more. Guess not.