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.
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. [Reply]
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. [Reply]
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. [Reply]
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. [Reply]
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. [Reply]