Jump to content

936horn

Legacy Members
  • Posts

    890
  • Joined

Everything posted by 936horn

  1. Better off really. I am lucky to work at a good company with a solid balance sheet in the midstream sector. I actually just got a raise Apr 1, but I am aware this is not most people's experience so for that I am thankful. Not eligible for the stimulus but again, thankful for that really. I am glad people who need it are getting it. Another positive for me is that while my 401k is down about 15% YTD, my brokerage and other accounts including an old Roth IRA are humming nicely and are more than making up for it. Being at home all day has given me a chance to have a second career as a day trader. Just between Monday and Thursday of this week I was able to nab >350% profit off AMZN calls. Up until the last week or two, this was one of the most predictable markets and riding the up trends with calls and down trends with puts has added a good amount to my non-401k accounts. Finally, I am really enjoying being home with the family. My daughter pops her head in my office a few times a day and comes to see what I am doing. It's a nice distraction.
  2. If you needed any more proof that the market gives zero shits about regular Joe American, this is it. Record unemployment, earnings in the shitter, still in the middle of a global pandemic, and we just keep pumping. The market cares not about Jim Bob in Arkansas on furlough, or Cindy from Texas who is in ICU with corona. Hell, the market doesn't even care about us surly .001%ers. It cares about the institutional guys and how many trillions the fed can pump in and that's it.
  3. So, you mean like always?
  4. Lately, green day = puts on sale with cheaper premiums
  5. Yes, but if they do cut to 0% as Fozz linked above, puts are gonna get smashed, especially close dated ones. I just unloaded most of my 3/20 SPYp right as the repo was announced.
  6. Fed repo https://www.marketwatch.com/story/fed-ramps-up-repo-operations-to-address-disruptions-in-treasury-market-2020-03-12?mod=options
  7. So my SPY 250 3/20 puts have basically doubled since I bought in. Same with 22p 3/20 CCL, I don't want to be greedy...might take some off the table before close today edit: i too have become addicted to options.
  8. I am still about half in the market here. Is it worth getting all the way out at this point or should I just ride the lightning
  9. I mean, it can be - for example if you are selling naked options you could lose many many many times your initial investment. However, if you use them intelligently and responsibly, they can often act as a hedge to protect yourself from wild market swings and capture a defined return during those swings.
  10. Forget it he's rolling
  11. hhhhhhnnnnnnnnnnnnnggggggggggggggggggggggg
  12. Respect for giving us the post mortem. I actually thought of you this weekend when I heard about the deaths in the US from the virus. Thought you had a slam dunk on your hands.
  13. Agreed, I did lots of reading before ever trying to trade options. I will say, you had some good advice above though. If someone wanted to jump in with "limited" risk (i.e. not infinite downside risk) then you could buy near money puts and calls. If the market pops one way or the other Monday, one of your positions is worthless and you lose the investment (but not infinite losses) and your other one should make up for it and then some.
  14. I would add to the above - if you are asking what buy to open etc etc mean, you should absolutely not be trading options.
  15. I understood about half of this.
  16. This is the advice I come here for thanks.
  17. Wife says she looked down for one second and rear-ended a 20-something girl in a parking lot this morning. No damage to my wife's car, only slight dent to the bumper of other girl's car. The girl was late for work so my wife took pics and gave the girl her number. I'd like to probably just pay her to either go away or repair it out of pocket instead of getting raped via insurance. Is there any way I can protect myself from this girl taking cash and getting it fixed and filing an insurance claim at the same time? Also, no pics of wife, sorry.
  18. Couldn’t bring myself to watch what did he say? I’m sure it was some Mensa bullshit
  19. Yep I’m on board. No more fucking minor league coaches that have a couple good years.
  20. Don’t even bother coming back fucking losers
  21. This right here. Anyone living in Houston for more than the past few years knew this was the default. This game is the epitome of Houston sports fandom.
  22. Thanks for the feedback all
  23. With an impending move to Denver this winter, I am starting to look at my current ride and whether or not I need to change it. Living in Houston, I drive a 2WD (RWD) Tahoe. From what I can tell, a big ass rwd SUV is basically the worst configuration possible for snowy conditions even with winter tires. I love my Tahoe but would prefer to trade it in here in Houston before I go if I have to get rid of it. I have very little (i.e. none) experience driving in snow, living in the south all my life. So denizens of surly who are experts in snow driving - am I better off keeping the Tahoe and throwing some sandbags in the trunk with winter tires, or am I asking for trouble and I need to bite the bullet and buy something at least FWD if not 4WD?
  24. Every time I need a laugh I come back and read the first few pages of this thread.
×
×
  • Create New...