Money Investing megathread extravaganza - Page 280

Originally Posted by RunKC:
Interesting. I couldn’t put money in that online bc Fidelity would literally not let me. I had to call into buy it and was too lazy to do it last week.

Good thing I was didn’t

Dodging bullets like Neo.

Don't. Hold. Leveraged. ETFs. Between. Sessions.
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Dow Futures tank out of the gate. Maybe it's just a coincidence but these things seem to tank just about every other day during the national press briefing. Might hit another circuit breaker tomorrow. Part of it is not coming together on the stimulus.
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Originally Posted by tk13:
Dow Futures tank out of the gate. Maybe it's just a coincidence but these things seem to tank just about every other day during the national press briefing. Might hit another circuit breaker tomorrow.

They'll blow through two breakers tomorrow.
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Pretty much instant 5% down. :-)
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Originally Posted by tk13:
Dow Futures tank out of the gate. Maybe it's just a coincidence but these things seem to tank just about every other day during the national press briefing. Might hit another circuit breaker tomorrow. Part of it is not coming together on the stimulus.

Monday’s have been horrendous.

I buy SPY on the huge down days and sell mid-late week on up days. It’s my only current strategy along with SDOW day trading on occasion.
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-900 seems like a good day.
And no, it's not a coincidence.
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I know this is against liberty and all, but would it really be a bad thing to just shut down the exchange and all trading for the foreseeable future?

I really think there is a decent chance that this lowers the Dow below 10,000
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Originally Posted by RunKC:
I know this is against liberty and all, but would it really be a bad thing to just shut down the exchange and all trading for the foreseeable future?

I really think there is a decent chance that this lowers the Dow below 10,000

Um what?

I’m not rooting for market decline but I’ll gladly average down in my 401k for money I’m not touching for another 30 years.
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Futures are limit down.

Like I’ve said for the past few weeks, buy your puts a few mins before close on Friday, cash out at open on Monday.

If stimulus package passes on Monday, but calls to sell on Wednesday, puts for Thursday (unemployment numbers out).

I bought 10 SPY puts at peak green on Friday when premiums were cheap - should double or even triple my money tomorrow.

It’s sad, but it’s easy money right now.
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Originally Posted by ChiliConCarnage:
Took 10 days, hah. Tough times ahead for many of us.

I bought a lot of these in my life thinking I found the bottom only to realize I am not as smart as I think. :-)
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Welp, Fed just announced unlimited QE.

So that’ll ruin my morning.
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RTTR just jumped 43%

Might be something to watch.
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70% now
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If anyone has a list of stocks or limit orders to BUY stocks in this market, your best best is to sell NAKED PUTS on that stock instead and collect the huge overpriced premiums due to the volatility.

I'm seeing option prices 5-15x overpriced.

If you like DISNEY as an example, the stock is around $84.75 right now.

The $80 strike price put for expiration this Friday is $2.75.

So you would collect $2.75 or $275 for 1 PUT and if Disney drops enough your net cost would be $80-$2.75 or $77.75

That's $7 less than today and a big move needed from these low levels.
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Someone just bought 9 Million shares of Ford.
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