Board 8 > Stock Topic 31

(+) Yeah! (+)

Lopen posted...

Vaccine is only 50% effective against delta variant is what I've been hearing

Which long term we'll be fine but Wynn kinda needed the money to start coming in asap. Don't like gambling or cruise stocks right now.

That's much lower than I have heard, if it is 50 that's against infection not serious issues. Something like 99.9% of deaths are in non vaccinated right now

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Yeah that statistic I'd heard was in infection to be clear. But I also am not super read up on it to also be clear

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Infection is misleading because an infection in vaccinated people could be as minor as a cold.

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Indeed, even after you get a vaccine your body may allow the viral cells to reproduce for a bit in a way that allows you to feel very mild effects and so in that instance you become "infected". But your body has been prepared by the vaccine to deal with COVID efficiently and so it prevents a major illness in nearly every instance.

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NVDA green for the day. Impressive.

Just bought NVDA. Ready for it to crash.

A contagious cold where infecting people who aren't vaccinated could be very fatal.

It's really not as minor as you're implying. It slows down removing the virus as a widespread problem tremendously, particularly because we're not sure how long the vaccine provides protection yet.

Not that we know enough about it to be completely sure about anything, or that the extent of the problem particularly matters when it relates to stock prices anyway, but you know. I'm not saying WE should panic here but

1. The stock market may panic either way
2. SOME level of panic may in fact be warranted

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If only there weren't a veritable cult of people in our country who have chosen to avoid getting the vaccine in large part through misinformation and unfounded fears.

Like, I got mine as early as I could get an appointment, and I've encouraged anyone I knew who showed any reluctance to do the same. I've spent time explaining why the fear they are expressing is completely unfounded. But I'm only 1 person and there is only so much I can do to persuade people who don't want to hear it.

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This isnt a covid topic, though it affects stocks and such. Please refrain from politicking.

Forceful_Dragon posted...

If only there weren't a veritable cult of people in our country who have chosen to avoid getting the vaccine in large part through misinformation and unfounded fears... stocks would be better off.

fixed.

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CREX departing this realm hope you all got on

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Sold NVDA for $36 gain. Lol! Decided I didnt want to hold it at its ATH.

If you're interested in NVDA but don't quite want to buy at these levels just sell a PUT it's the easiest money in the world. Could make like 1k instead.

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My fear is that itll drop down once the split news wears off, and not return for months. Then youd be owning the stock (at a discounted price) but still higher than it will be at for awhile.

Who cares if it drops down as long as it goes up long term

And it will go way up long term

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If you sell a put at $820 and it drops to $750, itll take long time to get back up to $820 compared to selling a put at, say, $800. Who knows how hard it can fall, is what Im saying.

Go too low and there wont be anyone paying reasonable prices to buy the put.

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Sunroof posted...

If you sell a put at $820 and it drops to $750, itll take long time to get back up to $820 compared to selling a put at, say, $800. Who knows how hard it can fall, is what Im saying.

I mean you want to sell puts on stocks you have interest in buying to begin with. That was the whole lesson of the harry potter thing.

Nvidia will keep going up because there's a damn chip shortage and revenues are just gonna keep going up as demand keeps going up. Also they have a deal with ARM that may or may not happen that is gonna turn them into a chip juggernaut if it does.

I mean in the end it really doesn't matter too much if you buy in at $820 or $800 if the stock is going to $1600. If you're considering buying at $825 today, why not just sell the $825 put. If you really want to hedge you can just sell the put out at like Aug 13 or Aug 20 for $825 for $4100 or $4900 depending on whether you wanna hold through earnings or not. It's the easiest money in the world. Well actually selling 30 $29 puts on FUBO is easier but we can't all believe in the FUBO revolution.

If you get assigned you basically got the stock for $815 (or $784 or $775). If you don't get assigned then you get $1000 (or $4100 or $4900) for free. I mean me, having the willpower to not invest $80k for a month seems like an amazing way to just get $4k monthly income, especially since if you get the stock your money is gonna double in a few years.

But yeah the key is you never buy that put back. It kinda dummy proofs you buying the dip properly because you're being paid a premium to avoid having to time it yourself. The risk is the stock moons when you don't own it but given your use of stop gains you'll never stick around for a true mooning anyway.

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I suppose I can sell puts on stocks at there current price. But I still fear NVID will drop once the stock splits in a few weeks.

Sell the put to expire before the split then

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The heck is going on with NEGG

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Everything red but

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For me, I have minor green on VOO, SPY, SCHD, and ACI

So my ETFs and a grocery chain are doing okay. Still...ow my portfolio

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I have green in my negative nancy AAL and WYNN puts but red everywhere else

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Wow, lots of red today.

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When you all are giving your "red / green" update, do you mean to say that everything is red compared to yesterday's price or red compared to your original purchase price?

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Forceful_Dragon posted...

When you all are giving your "red / green" update, do you mean to say that everything is red compared to yesterday's price or red compared to your original purchase price?

Compared to yesterday.

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Forceful_Dragon posted...

When you all are giving your "red / green" update, do you mean to say that everything is red compared to yesterday's price or red compared to your original purchase price?

Yesterday's price. Most of my stocks are green since I bought them, but most are down from yesterday.

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Good thing I didnt get in yesterday and sold stuff. But this is a great buying opportunity, I reckon.

I took the opportunity to buy more SOFI at $17. I've lost money so far, but I believe in the stock since it seems like some early investors or executives were able to sell it and probably decided to just to avoid having their net worth mostly in one company. I think it will take several weeks and possibly a few months, but I'll see gains on it.

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Meme rally is over. Maybe see it being a thing again in a month but who knows.

I'd be surprised if SoFi on the near future moves towards 20. It feels like Pltr to me. Good luck

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Why did GAN shoot up 30% in 5 minutes after hours

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Lopen posted...

I mean you want to sell puts on stocks you have interest in buying to begin with. That was the whole lesson of the harry potter thing.

Nvidia will keep going up because there's a damn chip shortage and revenues are just gonna keep going up as demand keeps going up. Also they have a deal with ARM that may or may not happen that is gonna turn them into a chip juggernaut if it does.

I mean in the end it really doesn't matter too much if you buy in at $820 or $800 if the stock is going to $1600. If you're considering buying at $825 today, why not just sell the $825 put. If you really want to hedge you can just sell the put out at like Aug 13 or Aug 20 for $825 for $4100 or $4900 depending on whether you wanna hold through earnings or not. It's the easiest money in the world. Well actually selling 30 $29 puts on FUBO is easier but we can't all believe in the FUBO revolution.

If you get assigned you basically got the stock for $815 (or $784 or $775). If you don't get assigned then you get $1000 (or $4100 or $4900) for free. I mean me, having the willpower to not invest $80k for a month seems like an amazing way to just get $4k monthly income, especially since if you get the stock your money is gonna double in a few years.

But yeah the key is you never buy that put back. It kinda dummy proofs you buying the dip properly because you're being paid a premium to avoid having to time it yourself. The risk is the stock moons when you don't own it but given your use of stop gains you'll never stick around for a true mooning anyway.

lol being assigned an NVDA put would cost like $80k, this really is advice just for moonroof

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I know it's only the premarket but still:
ow my portfolio

Not looking good today.

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Should have got more than 5 $20 AAL puts. This is looking golden

This market is so stupid.

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I'm taking the profits I said I would on Apple. Not liking where the market is headed.

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Originally said I'd sell all my apple at 140 but I decided to let it ride. And I'll still let half of what I got ride...see if it does things or not.

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Yikes. Thank god Im not in stocks right now. Not that my crypto is doing good.

FUBO up 3%

Puts doubling in value

What's not to like about today really

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Sold PUTS earlier btw

Bought Baidu 8/13 207c and HA 12/17 27c with the proceeds

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Today is a great green day for me. Only 4 out of 16 green, but cumulatively, it's pretty significantly green. Thank you SPCE.

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SPCE back over $51!

My gameplan for this launch is I am going to buy some puts in the $30-40 range tomorrow for 7/16 tomorrow to limit my potential losses in case something really bad happens. Then hold all my shares through the launch and hope for $100 next week.

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Man, I shouldve gotten on the SPCE train. Feel like its too late now.

SPCE over $54 now in after hours. I don't understand what happened between Tuesday of last week and this morning, but it seems like the market has come back to its senses with regard to the good news SPCE has gotten recently.

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Chump and dump

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Looking at stocks to buy next week. ABNB looks interesting - it's back down to $142.

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So I opened an account at Tastyworks (they have a pretty generous sign up bonus which gives about $200 in value). Their platform is reportedly good but it feels like too much information to me.

Lots of green in the market today! I love how markets are down the world over but the US market is just like, no crash, money printer goes brrrrr......

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Been thinking about Tastyworks myself. I love thinkorswim and from what I understand, the people behind Tastyworks sold thinkorswim to TD Ameritrade before they created Tastyworks. I feel too lazy to switch though, especially since I don't currently trade options.

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Sold off half my stock in apple so I got about 10k to move around...dunno whats the play

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Bought $127k of RIOT. Then sold a call for $5500 expiring Friday for $33, which is basically its currently price. Worst case scenario it crumbles next week, Ill just keep selling calls until I break even.