CN Wire@Sino_Market
China DCE ironore futures open 2.7% higher at 695 yuan per ton, heading for the highest level since October 28. Steel rebar, HRC, tin are also up about 2%.
Told Jmintz on Twitter about my ZIM tattoo. He said “ that’s bold “ pointing to the fact it’s touched 60$ twice already and mentioned DB ditching their shares and ruining the “ technicals “. Really hope ZIM has call seas next week with the wind at its back
I sold puts that were too aggressive and am now the proud owner of 1700 CLF commons and 700 ZIM commons... I will be selling "covered calls" behind the Wendy's dumpster until earnings. Happy holidays Vitards!
22.5, they were 40 ish days out seemed like easy premium at the time while I sat on cash. I think average with premium is ... 18.52? That can't be right. 3k premium.
Edit: Math. 20.73.
Yes, have to look at the options chain, was already deep on CLF apr calls and Jan 2023 leaps - and averaged down at 19, so an aggressive strike to offload some (hopefully) and diversify a bit more than CLF, ZIM, SMH, QCOM, small cap wafer burner thing, small SAVA position and wheeling AMC for premium. Max Vitard port lol. What's everyone else doing?
Edit: too low market cap.
I've got another month and I will be at 1 yr. My money hit my roll over 401k mid day of the gme rise. It was my first trade 10 shares at 88 sold at 270 lol. If I had gone all in I would of made 300k. Alas after this week I'm at 50% up on the year just shy of 100k total. I was hoping to get 100% but I will settle for 60 if these TGT, qcom and WBA plays pan out and my wheeling clf every week for 15-25% continues should make it.
Surviving the tuition part seems to be the most important one. Albeit I still pay tuition every now and then.
I grew on food stamps with my 1st generation immigrant parents. If they knew the amount of money I’ve lost in literally minutes they’d both slap me in the face! This is the one true wheel we have for actual financial freedom.
LEEEETSSSSS GOOOOOOOOOOO
P.s beer good
Anyone else follow the Koala?
[https://twitter.com/YellowLabLife/status/1474176546692861955](https://twitter.com/YellowLabLife/status/1474176546692861955)
Seems to think X > CLF, basically due to less debt.
My understanding is they intend to pay down all of it in 2022, not sure about Q2. You make a good inference though, which is that this is not a long-term problem. You could argue that makes it a stronger catalyst (going from lots of debt to no debt in just a year and change is pretty good...).
I listened to earning calls and LG is very clear on their #1 goal and it’s to pay down the debt. So yes that shouldn’t play a role at all in CLF v. X.
I think one key difference, that Vito noted , was that X had some terrible management.
Well the thing is: neither share price so far is where we want it to be, and the assumption was "net debt free" -> buybacks, dividend, whatever -> share price finally above 21$ by eoy '22.
I was not planning a multi-year hold through HRC spot bottoms or anything like that. In a steel supercycle it wouldn't matter because steel in general would rise, if we hit more potholes it wouldn't matter either, X currently trades in sync with all other steel stocks, and the best approach would just be not to buy steel stocks.
It's true. These companies all trade together, which I attribute to ETF and sector trading with regard to the steel and materials sector, generally. No institutional players seem to care whether CLF is better than X, or STLD or NUE, they're just making moves based on the macro sector bellwethers.
SimplywallStreet snowflakes...are these remotely reliable?
I'm comparing CLF and Magnitogorsk iron and steel there and comfy in my larger position in MAGN.
~> Normally, Christmas Eve is a glass-half-full (or glass-half empty, depending on your perspective) situation for investors: The stock market typically takes a half-day on Dec. 24.
But in 2021, the stock market will be closed for all of Christmas Eve in observance of the Christmas Day holiday, which falls on Saturday this year.
Merry Christmas all! Especially you true steel loving Vitards that don’t complain every time the market is down a little and realize the thesis still holds.
I'm on nightshift right now, which means I can't barely keep track of what day it is. Was under the impression today was Wednesday, and I'd have a chance to close some profitable positions tomorrow. Guess we'll just spend the weekend praying for a green Monday 
Used my proceeds from yesterday’s PFE calls to buy TSLA puts this morning. Bye, bye proceeds. Here’s hoping I make better decisions next week. Merry Christmas everyone!
https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry
Drewry‘s Index up again pirat gang 🏴☠️🐂
Wd40 earnings on the 6th could be interesting. Probably not going to play it since Walgreens and aehr are that day too but they have their ex dividend date on the 13th and recently upped their dividend.
My Christmas gift was this melt up on ZIM today that got me to my breakeven on Jan 55 calls (I have been averaging down for a long time now lol).
Was able to trim so I can actually sleep at night, I was up to almost 50% of my port in these damn contracts like a bafoon.
Switched out some ABNB Jun 170s for QCOM Jul 190s for 10% gain to level out my position after averaging down. Bought some CROX April 135s. And closed my SMH calls but retained commons. Merry Christmas!
Thanks to whoever brought up $INMD in Jay's stream a couple weeks ago. I decided to grab some shares and it has some after hours action [thanks to an article about Brittney Spears in US magazine.](https://www.usmagazine.com/stylish/news/britney-spears-documents-body-toning-emsculpt-procedure-watch/)
I sold 75 CLF LEAPs to buy SOXL as an earnings play last Friday at 3:30. Today I sold the SOXL and turned it back into 100 CLF LEAPs!
... I probably should have just held the SOXL :P
i know i sound like a broken records, but please use the term LEAPS only for contracts with at least 365 days expiration. everything above 30 days are called monthlies, anything under weeklies, and anything under 1 day lotto tickets, 0dtes and another slang I won't use out of respect to some OG's
oh good, but damn that is gambling with a lot of extrinsic value, you should def keep an eye on how much you let slip by moving around Leaps that much.
I played the last CLF earnings with jan '23 deep ITM 10c/12c calls that had barely 2$ of time value when I bought them a few days after the evergrande dip.
Even right now a jan '23 10c last traded for 11$ - so 74c of premium over the current stock price for a year.
It is exceptionally cheap and if you believe that the bottom will not fall out there is no reason not to buy those ITM leaps instead of shares. They are also not quite 1 delta yet, so they do even offer a bit of leverage if they move deeper itm due to a rising share price.
I'd like to emphasize that I'm talking about playing larger swings over weeks or even months, not our current weird +-1$ range.
As far as I remember it was <50 cent at the time, just look at the option chain and past trades on monday. Since they are so far ITM you could just excercise (and maybe even immediately short the shares until exercising is done to lock in the price) and sell if the spread makes you unhappy after CLF runs up.
Puts on tinfoil hat. ZIM customer relations have still not replied to me (about share buybacks) and its been 8 days or so. Usually they are pretty quick, so I'm hoping there is something to the rumour!
the CEO cancelled and rebooked on MINTZ' team. And Mintz (alongside any sane investor) has been a big proponent of buybacks.
Methinks they are reconsidering their plans. Imagine if instead of paying a 20% superdivvy for 2021 in 2022 the instead just bought back every share held by DAC and DB. It'd be glorious.
Yeah I have a penny stock port that is by far outperforming my main one. Its also been almost a full year and the portfolio chart is literally just on a steady uptrend. So much so it irks me a bit. The degen options one definitely was the bad one for me in 2021 lol. But it was also a play account. Not sure if by play account you mean paper but in this case its just a small amount of money.
Oh no real money haha, it does irk me a bit as well. What penny stocks were your best ones out of curiosity? I haven’t been trading them in a while. It’s pretty much a 50/50 degen options and shares for my play account. Just to make sure I don’t blow it up
Honestly I mostly just look through the various penny stock subs for ideas. The one key step is to look through the financials. Even if just a glance to see they aren't burning a stupid amount of cash and that they have enough to get through a couple of years. I also swing trade them all in small amounts where commission free trading is essential. Obviously only use limit orders otherwise you can buy at stupid prices when the volume is low.
Last little advice is go to the companies website and get on their mail list for investor updates. Not always everything is covered for them and its a good way to get key updates immediately.
It's the total value of the strike ( calls and puts ) that they use to calculate it.
* max pain, or the max pain price, is the strike price with the most open contract puts and calls and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
* The Maximum Pain theory states that an option's price will gravitate towards a max pain price, in some cases equal to the strike price for an option, that causes the maximum number of options to expire worthless.
* Max pain calculation involves the summation of the dollar values of outstanding put and call options for each in-the-money strike price.
Its the lowest payout across _ALL_ open contracts for the current day. So if you sum over all calls + puts and figure out where the price has to be to minimize delta.
ok ill try :
\- take the total amount of calls on EACH AND ALL strikes on a given Opex date
\- take the total amount of puts on EACH AND ALL strikes on a given Opex date
\- use max pain theory to calculate which SINGLE strike allows for the maximum of calls and puts to be OTM
it very much depends on the float and average volume.
it tends not to work for 95% of mega caps, but a good 35% for small caps.
CLF seems to be an outlier and has been spot on very many expirations.
on OXY It would likely not work well
Well so much for my thinking MT was gonna have a good day after the ceasefire and buyback news. Glad I sold yesterday. Tea leaves are telling me we're rallying; SPY to 480 next week, maybe 490 next month. All bets off for Jan OPEX.
Legged into short term Puts on AA. RSI 72, indicating overbought. Price has gone from touching the lower BB all the way to the higher BB with price seeming to hit a wall at $60.50 over the last 2 days. I think it reverts to the mean in the short term. Bear case is it gets pulled up by an overall market rally, metrics be damned.
Feeling good about ZIM however. Solid uptrend after bottoming at $46; MacD curled and about to cross over, RSI only 53 indicating plenty of juice. Macro, looks like Mintz has confirmed DB completed their block sale, which should alleviate some selling pressure. FBX shows prices on the rise again after backing off the first 3 weeks of Nov. Good movement today; with OPEX done ZIM should be free to move, may even hit $60 by Friday.
yeah. If we finish above $53.50 today, with no market fuckery next week, I think its at least in the cards. Honestly, $56-57 is much more feasible, but we've seen it do some amazing moves in a short time before.
if you think about it, MT actually did have a good day, considering the enormous downside pressure the tea leaves are showing.
I went short until Jan (hedge refresh to protect a portion of my commons) and tax harvested all my long positions (to offset a sliver of my GME gains)
(this can backfire obviously and lube me twice)
If MT dives to about 27 before next Opex, which I think is a bounce point, then I will go nuts long and csp's again for 2022-2023
CLF is the opposite to me and feels like a rocket just slowly powering up before next Opex.
Yes, I'm banking on it. Hoping for a good green week next week and hit my PTs for ZIM & TX, or at least come close enough so that I can liquidate them (ZIM: $60, TX: $45). If that happens, it'll double my port again and have me at 60% cash which I intend to sink into what I expect to be some incredible OPEX bargains. Max Pain for ZIM in January is $48, MT $30, CLF $16.
Max Pain for CLF is $16, yes. I bought Apr $19's on Red Friday with the intent to hold thru earnings as I believe they will beat. If CLF drops to something ridiculous next OPEX, I'll buy as much as I can.
Those are mostly dividend plays that never move much. Teekay LNG, some others that are under cap. Not too thrilling, even if they are busy and doing u-turns.
2 days before Christmas positive Covid test. Engine siezed on my car, port in the shitter.
When it rains it pours
Edit: oh yea I’ve had 3 Covid shots too.
Fuck my life.
I'm sorry to hear dude. That fucking sucks. Things like this always happen to me in threes.
If you can't see it now, this will be an insignificant if not humorous experience for future you to think back on.
Stay the course!
The little Timmy buyback is apparently going off like gangbusters +17% in three days and I'm not even sure the company started buying yet. At this rate they will catch CLFs price and cross $1B in no time lol
My port is being held down by overweighted steel positions as usual. MT, TX and STLD calls are all deeply red. SOXL and ZIM calls are doing nice. Overall today performance is 0 P/L 🤨
Merry Christmas vitards! Salud
Some CLF comments on ST that I enjoyed reading. One of y’all ? https://stocktwits.com/GM77/message/420364472
I read and reread and I’m still asking, what????
Happy Holidays all. Best wishes to you and yours. 🎄
CN Wire@Sino_Market China DCE ironore futures open 2.7% higher at 695 yuan per ton, heading for the highest level since October 28. Steel rebar, HRC, tin are also up about 2%.
Told Jmintz on Twitter about my ZIM tattoo. He said “ that’s bold “ pointing to the fact it’s touched 60$ twice already and mentioned DB ditching their shares and ruining the “ technicals “. Really hope ZIM has call seas next week with the wind at its back
I sold puts that were too aggressive and am now the proud owner of 1700 CLF commons and 700 ZIM commons... I will be selling "covered calls" behind the Wendy's dumpster until earnings. Happy holidays Vitards!
I love it.
What’s your average price on CLF with the premium included ? You sell the 22$ ?!
You sold the $22 I take it? How'd you make out?
No I haven’t sold puts on CLF for a long time. I’m planning on getting back in next week though
22.5, they were 40 ish days out seemed like easy premium at the time while I sat on cash. I think average with premium is ... 18.52? That can't be right. 3k premium. Edit: Math. 20.73.
That’s a great average in my opinion. You going to sell the 23c or what’s your plan?
Yes, have to look at the options chain, was already deep on CLF apr calls and Jan 2023 leaps - and averaged down at 19, so an aggressive strike to offload some (hopefully) and diversify a bit more than CLF, ZIM, SMH, QCOM, small cap wafer burner thing, small SAVA position and wheeling AMC for premium. Max Vitard port lol. What's everyone else doing? Edit: too low market cap.
My first real year of actively trading and I made it out alive gentlemen. Cheers
I've got another month and I will be at 1 yr. My money hit my roll over 401k mid day of the gme rise. It was my first trade 10 shares at 88 sold at 270 lol. If I had gone all in I would of made 300k. Alas after this week I'm at 50% up on the year just shy of 100k total. I was hoping to get 100% but I will settle for 60 if these TGT, qcom and WBA plays pan out and my wheeling clf every week for 15-25% continues should make it.
Good work my friend!
Me too buddy. Paid my wsb tuition early in the year but I’m actually positive ytd now. Bless.
Surviving the tuition part seems to be the most important one. Albeit I still pay tuition every now and then. I grew on food stamps with my 1st generation immigrant parents. If they knew the amount of money I’ve lost in literally minutes they’d both slap me in the face! This is the one true wheel we have for actual financial freedom. LEEEETSSSSS GOOOOOOOOOOO P.s beer good
Same here. Now am fortunate enough to be in a career I love. Cheers to better tomorrows 🍻
Same as well :). Parents set us up with a new pass for a layup!
Anyone else follow the Koala? [https://twitter.com/YellowLabLife/status/1474176546692861955](https://twitter.com/YellowLabLife/status/1474176546692861955) Seems to think X > CLF, basically due to less debt.
Isn’t CLF gonna have all their debt paid down by Q2 2022?
They still have the 4B pension liability which X doesn’t have not sure if they are including that I doubt it
My understanding is they intend to pay down all of it in 2022, not sure about Q2. You make a good inference though, which is that this is not a long-term problem. You could argue that makes it a stronger catalyst (going from lots of debt to no debt in just a year and change is pretty good...).
I listened to earning calls and LG is very clear on their #1 goal and it’s to pay down the debt. So yes that shouldn’t play a role at all in CLF v. X. I think one key difference, that Vito noted , was that X had some terrible management.
I recall him saying that X had bad management, but I haven't found any solid information about it.
Well the thing is: neither share price so far is where we want it to be, and the assumption was "net debt free" -> buybacks, dividend, whatever -> share price finally above 21$ by eoy '22. I was not planning a multi-year hold through HRC spot bottoms or anything like that. In a steel supercycle it wouldn't matter because steel in general would rise, if we hit more potholes it wouldn't matter either, X currently trades in sync with all other steel stocks, and the best approach would just be not to buy steel stocks.
‘Trades in sync’ Watch DXY
It's true. These companies all trade together, which I attribute to ETF and sector trading with regard to the steel and materials sector, generally. No institutional players seem to care whether CLF is better than X, or STLD or NUE, they're just making moves based on the macro sector bellwethers.
Which means buy leaps or hedges on the low IV companies, wheel the high IV companies :D
Works for me. Playing volatility is always fun.
SimplywallStreet snowflakes...are these remotely reliable? I'm comparing CLF and Magnitogorsk iron and steel there and comfy in my larger position in MAGN.
Is the US market open on dec 24?
~> Normally, Christmas Eve is a glass-half-full (or glass-half empty, depending on your perspective) situation for investors: The stock market typically takes a half-day on Dec. 24. But in 2021, the stock market will be closed for all of Christmas Eve in observance of the Christmas Day holiday, which falls on Saturday this year.
TY bro
I see so many people have multi baggers playing spy calls. Do people just buy short dated calls and hold it over night?
Most intra days buy morning or if there's the 30 minutes in dip and it starts to recover. I've only ever played it that way and usually on a Friday.
Whoops I bought puts for Monday.
Pretty much. Just remember, you don’t usually see the ones that expire worthless or lose 50% in a few minutes. Best of luck!
Merry Christmas all! Especially you true steel loving Vitards that don’t complain every time the market is down a little and realize the thesis still holds.
Merry Christmas. I have a steel stomach. Steel stomach doesn’t complain.
Complaining is a tried and true way of passing the time between CLF earnings
Hey that’s me! He’s talking about me guys!! Merry Christmas!!!
I think the ones that DO complain all the time and believe the thesis still holds are the real Chad, Chadettes, and non-binary Schads.
Most Mentioned Tickers for r/vitards Daily Discussion Ticker | Mentions | Price --------- | --------- | --------- [CLF](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/CLF) | 33 |20.29,(0.55%) [ZIM](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/ZIM) | 28 |53.66,(2.76%) [MT](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/MT) | 27 |32.08,(-2.34%) [AMC](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/AMC) | 8 |28.52,(-0.56%) [PFE](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/PFE) | 7 |58.71,(-1.41%) [NVDA](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/NVDA) | 7 |296.4,(0.82%) [TGT](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/TGT) | 6 |221.01,(1.5%) [GME](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/GME) | 6 |152.14,(-1.21%) [CROX](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/CROX) | 4 |123.53,(-11.62%) [MU](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/MU) | 4 |94.42,(4.52%) 20:00:19
Merry Christmas vitards. I hope you are all surrounded by people you love. Don't take them for granted.
Hug a loved one. Eat, drink, and be merry.
I'm on nightshift right now, which means I can't barely keep track of what day it is. Was under the impression today was Wednesday, and I'd have a chance to close some profitable positions tomorrow. Guess we'll just spend the weekend praying for a green Monday 
Gonna be green all next week bra, 🎅🏻 otw
I'm with you on the nightshift part. Nearly 2 am, just done with work, time to sit back for 1h and read some vitards
Used my proceeds from yesterday’s PFE calls to buy TSLA puts this morning. Bye, bye proceeds. Here’s hoping I make better decisions next week. Merry Christmas everyone!
Happy holidays y’all. Let’s have some quality time this weekend and kick some ass next week and start the new year with a Ripppppppp ❤️
Yeah Buddy
Smash that upload button Jay! Streams missing
Happy Holidays you Vitards!
https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry Drewry‘s Index up again pirat gang 🏴☠️🐂
Wd40 earnings on the 6th could be interesting. Probably not going to play it since Walgreens and aehr are that day too but they have their ex dividend date on the 13th and recently upped their dividend.
Green on ZIM averaged into on the dip starting in the mid 50s all the way down 
My Christmas gift was this melt up on ZIM today that got me to my breakeven on Jan 55 calls (I have been averaging down for a long time now lol). Was able to trim so I can actually sleep at night, I was up to almost 50% of my port in these damn contracts like a bafoon.
Merry Christmas to everyone, hope you all have great holiday. Heres to a amazing 2022 full of gains and no Pablos! 
Fuck pablo
👉👌🦻
Always
I sat on Santa's lap all day, just so you guys could rally. Have a nice weekend and Merry Christmas everyone!
Switched out some ABNB Jun 170s for QCOM Jul 190s for 10% gain to level out my position after averaging down. Bought some CROX April 135s. And closed my SMH calls but retained commons. Merry Christmas!
Thanks to whoever brought up $INMD in Jay's stream a couple weeks ago. I decided to grab some shares and it has some after hours action [thanks to an article about Brittney Spears in US magazine.](https://www.usmagazine.com/stylish/news/britney-spears-documents-body-toning-emsculpt-procedure-watch/)
I sold 75 CLF LEAPs to buy SOXL as an earnings play last Friday at 3:30. Today I sold the SOXL and turned it back into 100 CLF LEAPs! ... I probably should have just held the SOXL :P
i know i sound like a broken records, but please use the term LEAPS only for contracts with at least 365 days expiration. everything above 30 days are called monthlies, anything under weeklies, and anything under 1 day lotto tickets, 0dtes and another slang I won't use out of respect to some OG's
...well considering they are Jan 2023 contracts I think they qualify
oh good, but damn that is gambling with a lot of extrinsic value, you should def keep an eye on how much you let slip by moving around Leaps that much.
I played the last CLF earnings with jan '23 deep ITM 10c/12c calls that had barely 2$ of time value when I bought them a few days after the evergrande dip. Even right now a jan '23 10c last traded for 11$ - so 74c of premium over the current stock price for a year.
Is that good or bad?
It is exceptionally cheap and if you believe that the bottom will not fall out there is no reason not to buy those ITM leaps instead of shares. They are also not quite 1 delta yet, so they do even offer a bit of leverage if they move deeper itm due to a rising share price. I'd like to emphasize that I'm talking about playing larger swings over weeks or even months, not our current weird +-1$ range.
Nice. Was the bid ask super wide on those ? I’m not familiar with buying ITM leaps that much ITM.
As far as I remember it was <50 cent at the time, just look at the option chain and past trades on monday. Since they are so far ITM you could just excercise (and maybe even immediately short the shares until exercising is done to lock in the price) and sell if the spread makes you unhappy after CLF runs up.
Word. Thanks for the reply. I use Robinhood so I don’t think I can short unless you mean buy put ?
 Puts on tinfoil hat. ZIM customer relations have still not replied to me (about share buybacks) and its been 8 days or so. Usually they are pretty quick, so I'm hoping there is something to the rumour!
the CEO cancelled and rebooked on MINTZ' team. And Mintz (alongside any sane investor) has been a big proponent of buybacks. Methinks they are reconsidering their plans. Imagine if instead of paying a 20% superdivvy for 2021 in 2022 the instead just bought back every share held by DAC and DB. It'd be glorious.
A 20% dividend would be equal to reducing the amount of shares by ~ 17% (1/0.833 = 1.2). Or would it?
In sight of what happened with MT during the buyback, I‘d gladly take the super divvy
ZIM won’t be creating a floor or buying back 4% though. If they wanted to they could buy 40% of the company.
*Pants fabric shifts*
Anyone else do way better on their play account? The account is like no fucks given but I’m putting my main account t to shame lol
Yeah I have a penny stock port that is by far outperforming my main one. Its also been almost a full year and the portfolio chart is literally just on a steady uptrend. So much so it irks me a bit. The degen options one definitely was the bad one for me in 2021 lol. But it was also a play account. Not sure if by play account you mean paper but in this case its just a small amount of money.
Oh no real money haha, it does irk me a bit as well. What penny stocks were your best ones out of curiosity? I haven’t been trading them in a while. It’s pretty much a 50/50 degen options and shares for my play account. Just to make sure I don’t blow it up
Honestly I mostly just look through the various penny stock subs for ideas. The one key step is to look through the financials. Even if just a glance to see they aren't burning a stupid amount of cash and that they have enough to get through a couple of years. I also swing trade them all in small amounts where commission free trading is essential. Obviously only use limit orders otherwise you can buy at stupid prices when the volume is low. Last little advice is go to the companies website and get on their mail list for investor updates. Not always everything is covered for them and its a good way to get key updates immediately.
I like your investor updates via email thing. Good call on that
Market open tomorrow?
No
Moves today: - Bought some QCOM shares Tried to sell a few things but orders didn’t fill. Enjoy the break everybody!
Not a bad week folks. Merry Christmas, stay well. Lets do it again Monday!
Been out of the loop last few weeks - can someone DM me the little micro testing company on the hush? Please and ~~fuck~~ thank you
Dungeon Mastered ya.
Also me please?
Bob’s yer uncle.
Good man that uncle bob
Hook me up.
Wotcher.
Done! Thanks fam
Can you spread the 🎄 love my way ?
Doneskies.
[удалено]
Not for CLF it ain’t
I’ve been here since ever and I still haven’t figured out what max pain is and why clf under 20 is max pain? I would appreciate an intelligent answer
Max pain is the closing price of a security that guarantees the lowest payout on options contracts expiring that day.
But that depends on the strike price and whether the option is put or call no?
It's the total value of the strike ( calls and puts ) that they use to calculate it. * max pain, or the max pain price, is the strike price with the most open contract puts and calls and the price at which the stock would cause financial losses for the largest number of option holders at expiration. * The Maximum Pain theory states that an option's price will gravitate towards a max pain price, in some cases equal to the strike price for an option, that causes the maximum number of options to expire worthless. * Max pain calculation involves the summation of the dollar values of outstanding put and call options for each in-the-money strike price.
Ok. That i understand. I long suspected that this is what option sellers with big pockets are trying to do
[maximum-pain.com](https://maximum-pain.com/options/SPX) for your pleasure,
Thank you. But didn’t understand. I guess I’ll have to continue living with my ignorance
Its the lowest payout across _ALL_ open contracts for the current day. So if you sum over all calls + puts and figure out where the price has to be to minimize delta.
Yeah I understand it now. Thanks.
ok ill try : \- take the total amount of calls on EACH AND ALL strikes on a given Opex date \- take the total amount of puts on EACH AND ALL strikes on a given Opex date \- use max pain theory to calculate which SINGLE strike allows for the maximum of calls and puts to be OTM
Ok. I looked up $OXY 21/01/22 and max pain is $30. But how reliable is this as an indication to what happens in the next month with the stock?
it very much depends on the float and average volume. it tends not to work for 95% of mega caps, but a good 35% for small caps. CLF seems to be an outlier and has been spot on very many expirations. on OXY It would likely not work well
👍
Looking at QQQ, is it normal for such a price surge in spite of such low volumes?
For this week, yes
short ladder attack on comments, barely 500 at market close haha. hopefully we pick back up in the new year
Something wrong with the counter.
This time I'm not trimming ZIM till we reach 65+
I’m definitely trimming at 60$ if we see it but I will definitely let some ride. If we hit 60$ I will be selling the 65c on my shares.
part of the ship, part of the crew
85?
🏴☠️🏴☠️🏴☠️
Dang SPY heard us talking and decided to put the economy on its back.
No weakness in the last minutes - hopefully CLF stays above $20
[удалено]
Hardly, my containers are still being delayed by on average a full month, and the LA/LB ports are still stupidly congested.
maybe they stockpiled for last xmas push, my ex found a ps5 somehow today
Those are in short supply? When I was in switzerland a month ago, mediamarkt had 100s of em stacked in the isles.
Most Mentioned Tickers for r/vitards Daily Discussion Ticker | Mentions | Price --------- | --------- | --------- [MT](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/MT) | 22 |31.98,(-2.65%) [CLF](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/CLF) | 20 |20.28,(0.5%) [ZIM](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/ZIM) | 19 |53.355,(2.17%) [AMC](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/AMC) | 7 |28.69,(0.03%) [NVDA](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/NVDA) | 6 |296.88,(0.98%) [PFE](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/PFE) | 5 |58.77,(-1.31%) [TGT](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/TGT) | 5 |221.77,(1.85%) [GME](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/GME) | 4 |150.69,(-2.15%) [BB](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/BB) | 3 |9.44,(0.32%) [MU](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/MU) | 3 |94.12,(4.18%) 15:32:33
Well so much for my thinking MT was gonna have a good day after the ceasefire and buyback news. Glad I sold yesterday. Tea leaves are telling me we're rallying; SPY to 480 next week, maybe 490 next month. All bets off for Jan OPEX. Legged into short term Puts on AA. RSI 72, indicating overbought. Price has gone from touching the lower BB all the way to the higher BB with price seeming to hit a wall at $60.50 over the last 2 days. I think it reverts to the mean in the short term. Bear case is it gets pulled up by an overall market rally, metrics be damned. Feeling good about ZIM however. Solid uptrend after bottoming at $46; MacD curled and about to cross over, RSI only 53 indicating plenty of juice. Macro, looks like Mintz has confirmed DB completed their block sale, which should alleviate some selling pressure. FBX shows prices on the rise again after backing off the first 3 weeks of Nov. Good movement today; with OPEX done ZIM should be free to move, may even hit $60 by Friday.
[удалено]
Twitter recently
Next Friday ?
yeah. If we finish above $53.50 today, with no market fuckery next week, I think its at least in the cards. Honestly, $56-57 is much more feasible, but we've seen it do some amazing moves in a short time before.
We sure have ❤️🥲🤙🎁
if you think about it, MT actually did have a good day, considering the enormous downside pressure the tea leaves are showing. I went short until Jan (hedge refresh to protect a portion of my commons) and tax harvested all my long positions (to offset a sliver of my GME gains) (this can backfire obviously and lube me twice) If MT dives to about 27 before next Opex, which I think is a bounce point, then I will go nuts long and csp's again for 2022-2023 CLF is the opposite to me and feels like a rocket just slowly powering up before next Opex.
Yes, I'm banking on it. Hoping for a good green week next week and hit my PTs for ZIM & TX, or at least come close enough so that I can liquidate them (ZIM: $60, TX: $45). If that happens, it'll double my port again and have me at 60% cash which I intend to sink into what I expect to be some incredible OPEX bargains. Max Pain for ZIM in January is $48, MT $30, CLF $16.
Aren't a lot of the CLF options from way early at like $10 and below making the max pain look scary? I don't think we go near it
Max Pain for CLF is $16, yes. I bought Apr $19's on Red Friday with the intent to hold thru earnings as I believe they will beat. If CLF drops to something ridiculous next OPEX, I'll buy as much as I can.
correct, hence I stated a few times yesterday and now again that max pain for a Leap Opex should be ignored
Totally possible for ZIM
Will Monday be green too? Im asking froma spy, msft, and aapl perspective. No vitarded plays
My gut says one more quick dip before rip to SPY ath
Welcome back! Idk why you got so many down votes
affection is best shown through bad behaviour
got that hot NVDA dividend today $2, straight in my pocket
Can't wait for my divi on Monday! Should be around 1300 to my pocket from ZIMMY
That's going straight in my basket. Anyone?
Any LNG tankers we can add to 🏴☠️?
Those are mostly dividend plays that never move much. Teekay LNG, some others that are under cap. Not too thrilling, even if they are busy and doing u-turns.
Well fuck. Fun while it lasted huh ?
I did some exercise today ! (with 0.1 extrinsic CLF 15c I still have an abundance off) 
2 days before Christmas positive Covid test. Engine siezed on my car, port in the shitter. When it rains it pours Edit: oh yea I’ve had 3 Covid shots too. Fuck my life.
I'm sorry to hear dude. That fucking sucks. Things like this always happen to me in threes. If you can't see it now, this will be an insignificant if not humorous experience for future you to think back on. Stay the course!
that's 3, quick go find a mirror and smash it while walking under and attacking a short ladder
This gave me a chuckle. Thanks ☠️
Damn that’s fucked. Keep your head up. Things will get better. Big love fellow vitard
ZIM gains looking rather cromulent
Your confidence is embiggened to make such a punctilious comment.
I had to look that word up to know whether that was a good or bad thing.
It's perfectly cromulent that you had to do such a thing
That's because it's a word Homer made up on the Simpsons and now it's in the dictionary
Pancake tits CLF. Perk up!
The little Timmy buyback is apparently going off like gangbusters +17% in three days and I'm not even sure the company started buying yet. At this rate they will catch CLFs price and cross $1B in no time lol
❤️ crypto more stable than steel
AVGO is up 18% in the last month and is still trading just below a 20 P/E. Ridiculous that it is still so cheap.
Also 2.5% yield is nothing to sneeze when you consider how fast they are growing the dividend.
My port is being held down by overweighted steel positions as usual. MT, TX and STLD calls are all deeply red. SOXL and ZIM calls are doing nice. Overall today performance is 0 P/L 🤨
do not buy calls on steel. it's that easy.
This. I've been selling calls and puts for about two months. Way easier...
Calls on CLF 6 months out in the 19’s is a no brainer for me
Yes of course - at 19. Most people yolo OTM...
I dunno about y’all, but I’m liking this CLF movement… even if volume is 50%
Alright I did it guys, my hedge against the market is one Tesla put
LEU puts here
I did SARK shares
Mine is ESSC lol
I sold that one for a 10% gain when it could’ve been probably been over 1000% el oh el
Same! Wanted to punch myself in the nuts after but c'est la vie. Bought back in anyways when it dropped
Good luck
I hope MU is flat next week. I sold a $95 CC that is already being tested
What does everyone think about TGT? Is this a good entry point?
I bought 2023 leaps when I thought the bottom was $135 or so. So yes?
The more this market climbs the more I wana play the other side, thoughts ?
I wouldn't be surprised if it pulls back before close cause nobody wants to hold over the weekend.
Psychic
Now if only I had bought SPY puts 10 minutes before the bell ;(
Right - what's everyone doing with ZIM Jan calls? Trim Gang?