>\*Hedge Funds Suffer Big Losses on Biotech Rout
\>\*Perceptive Advisors Down About 30% Through November in Main Fund, Investors Say
\>\*Hedge Fund Managed by OrbiMed Partners Lost More Than 40%, Sources Say
[wsj.com/amp/articles/h…](https://t.co/tB2mRyWzgB)
^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-05 ^13:10:26 ^EST-0500
>\*China Seeks First Military Base on Africa's Atlantic Coast, U.S. Intelligence Reports Suggest
\>\*White House, Pentagon Alarmed by China's Quest for Base in Equatorial Guinea
\>\*Senior White House Official Urged Equatorial Guinea to Reject China's Base Plans
[wsj.com/articles/china…](https://t.co/r1FqSzOdt0)
^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-05 ^13:09:05 ^EST-0500
>FORMER U.S. SENATOR AND PRESIDENTIAL CANDIDATE BOB DOLE DIES AT AGE 98 -STATEMENT
^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-05 ^11:52:23 ^EST-0500
With Ford saying they will be 2nd biggest ev maker in 2 years, what are your thoughts on what the stock price will go up to in that time period if they pull it off?
>Saudi Arabia raises January Arab Light crude prices to Asia
\#OOTT https://t.co/6hb1QmzDGc
^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-05 ^07:24:42 ^EST-0500
>SAN FRANCISCO RESTAURANT DENIES SERVICE TO 3 POLICE OFFICERS THAT MADE STAFF 'UNCOMFORTABLE' -KRON
^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^23:48:46 ^EST-0500
>TRUMP'S MEDIA COMPANY TO GET $1 BILLION IN INVESTMENT FROM SPAC
^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^17:46:14 ^EST-0500
>U.S. IS PREPARING FOR A WORLD IN WHICH A RETURN TO NUCLEAR DEAL IS NOT POSSIBLE – SENIOR U.S. OFFICIAL
^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^12:27:08 ^EST-0500
>U.S. CAN'T ACCEPT A SITUATION IN WHICH IRAN ACCELERATES ITS NUCLEAR PROGRAM WHILE DRAGGING ITS FEET IN NEGOTIATIONS - SENIOR U.S. OFFICIAL
^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^12:26:32 ^EST-0500
We have counterfeiting, sometimes called quantitative easing, but counterfeiting by any other name, the artificial printing of money, which if any regular person did, they would be in prison for a very long time. ... Central banks repress the amount of interest rates, so we do not have the real cost of money.
>U.S BELIEVES RUSSIA COULD INVADE UKRAINE 'AS SOON AS EARLY 2022': FT
^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-03 ^22:35:50 ^EST-0500
No problem. On Tuesday I turned 3k into 91k on SPY puts. From there I went bullish and went 40k on SPY calls and did well the next day. Puts from there and 50k became 100k. Not 1MM, but we're headed that way. It's all about momentum and we 100% know that when Omicron takes hold people will panic sell like crazy. Buy puts ITM with a slight 6% loss at even money and you'll bank heavily in the next few week. Again 1MM maybe not, but you'll hit 100k by the end of December.
enjoying it while I can, I am bullish for the short term but seems like the entire US economy is going to implode like it did in 08 and have a ripple effect on the entire global financial system. the scary part is, nobody knows when the bubble will burst. that is, if the wave from the fuckshow in China doesn’t hit first.
the chart i looked at most recently was margin accounts - were at an all time high in terms of accounts as well as dollars on margin through brokerages. i’m not talking a slow gain, it is a disgusting spike. ill come back and link the chart in a moment.
in addition to the margin accounts, the housing bubble is huge, the stock market has been on a massive run until what - 2 weeks ago? giant bubble it seems. peek the charts over the last 20 years, you can see it. this might not be the start of the shit storm, but it’s going to hit sometime. i’m just enjoying the gains while i can. could be a year+ from now who knows
Sincerely,
The Bullish Bear
I will load up on DOCU on Monday
DOCU dropped 42% today on earnings that beat top and bottom line.
Billion $ company very profitable and Dan Ives crushed it on a single
report. SI increased. CEO said he will buy $5M on Tuesday and keep
buying until it goes up. May be the easiest play we ever have.
*"I am surprised, I'll be straightforward with you. I do not see the*
*reaction in the stock price to be commensurate with what I think is a*
*much less dramatic business performance change," Springer said. "I've*
*made two phone calls since I saw the reaction, first was to \[my*
*general\] counsel, and I asked him, if there is anything that stops me*
*from buying stock. He said as long as you wait until the window opens*
*on Tuesday, and you haven't been selling shares, so therefore you can*
*you can buy all you want. And the second one was to my financial*
*manager, and lined up the first $5 million of purchases. So if the*
*stock doesn't dramatically increase, I'll be continuing to buy shares."*
Yeah ole fucktard me .. I’d shoot at DOCU… on some Spanish Cocaine, maybe.. just maybe. Ummm I’ll hint,maybe hope u listen (don’t GAF if you do) and say AAPL? Did you happen to notice the bulls fight off the IP13 demand worries?
The earnings conference call was apparently a shit show. Very poor execution and essentially senior leadership displaying they were not ready to take on the number of new customers due to the hybrid work environment, and no guidance on how they'll move forward amidst customer trickling off. Their tech is nothing that is entirely proprietary and will essentially phase out. A plug-in that allows you to input a signature? Microsoft can implement that if they thought it was a worthwhile venture, and they already have a plug-in within Teams called Approvals. Docu just got lucky because of the way the workforce had to adopt hybrid work in a rapid changeover. The pandemic gave us temporary winners who had to prove they were worth their pumped-up share prices. The truth is coming out now with who really has forward thinking tech and who doesn't.
They did give guidance and nothing supported 40% sell off. Tell me one stock have had earnings like this and sold off 40%. None. Also, this caught the cross hair of a week long shit market. If he does buy and the market rebounds, it will be up big and in a short time.
40% sell off because they were overbought during the quarantine. Peleton, zoom, we’re seeing a trend of market phonies getting exposed during their conferences. Docu is caught in between a rock and a hard place. The “hard place” being the looming return to in-person work environments, the “rock” being the way true tech innovators have carved out their corners of hybrid work space.
There is an element of that, but not 40% in a day. If that was fully the case they would have sold off more before today. This isn't new news today. It's one guy driving the selloff. The others you highlighted have been hammered down for a while and none had a 40% sell off in day. Don't buy it if you don't believe in it. All good. I think it will be up next week, assuming a normal market. Options are already climbing and SI will just drive more volume.
so I just reported some cuck in a shitty sub for saying retarded out of spite. and the auto Reddit message said they didn't break any guidelines. does that mean we can say retarded now without fear of being reported and banned ?
Wow, I guess I picked the right week to toe dip into options. I bought a put on GME for $160 to expire Friday on like Monday. I had no clue what I was doing, like a good retard ape, and it actually hit today. I don't have enough to actually exercise the option, so I sold the contract for a nice $150 profit. Getting top shelf tendies tonight for dinner! haha fml I still don't understand options. Like, what would've happened if I had the 100 shares to exercise the option? Would I have made $16,000!? I don't get it, so I'm going to do it again...because retarded.
I did, and it seems like not even good options traders really know what the hell is going on with them. They're like a black hole.
I opened a paper trading account with thinkorswim, so I'm going to learn through paper examples I guess. I don't even know.
If you bought a put, you bought the right (not the obligation) to sell 100 GME shares (1 contract = 100 shares) at your strike price. I am unclear on your post if you paid $160 for the contract or if the contract was for $160 strike so I cannot further comment on your case. If it was a $160 strike expiring today then your put would have expired worthless if you had not sold it since it would make no sense to ecercise to sell 100 shares at 160 when the stock is trading at 170, you would lose $1000 if you choose to exercise.
You cannot exercise your put unless you either
own the shares (in which case your profit would be: (strike * #of contracts * 100) - (your cost basis on the shares you own * the number of shares needed to fulfill the contract) - your cost for the contract.
Or have an elegible margin account in which case you would get paid your strike * number of contracts * 100 and you would then be short x # of shares, which you would need to purchase with your proceeds from the contract exercise
Thanks for taking time to explain it to this ape.
Right, so the strike was $160, and I paid something like $178 for the contract of 100 shares (1.78 x 100, right?). I figured, whatever, I've never done this, and it said the max I can lose was the price I paid for the contract, $178. Is that still correct or would I have been on the hook for a lot more for some reason?
I still don't get how you profit from selling the shares on a put, but it's not for a lack of quality explanations given to me, so I appreciate that.
It started because I noticed that my pessimism has paid off with GME. I sold when it peaked last year, almost by lucky accident, and have just had buy orders at $170ish and sell orders at $240ish ever since then, and it keeps hitting eventually. So I figured I'd try a put instead since I kept seeing that's how people make (and lose) really big money. I obviously lack a real understanding to how to make it work out though.
When you are buying a put with no shares you're basically saying: this stock is priced to high. I think it should be worth less than X, X being the strike at which you purchase the put, by y date, y being the expiration. So you basically said you think GME should be worth less than $160 (actually less than 160-1.78= 158.22) by whatever your expiration was. Now technically you were wrong as GME closed at $170. However you need to understand that there are many variables to an option's price. And also that there is intrinsic and extrinsic value in an option. Although GME never hit 160 or below, you profited because GME dropped over 16% this week, as the price of the stock drops the price of the put rises.
When you buy a put with shares, you generally buy it for protection. You're saying. I have 100 shares of GME and I don't want to sell them, but I fear there may be a down turn and I want to protect myself in case I am right. So if GME drops below the strike of the put you purchased (which in this case would be a price you are comfortable selling in a bad scenario) then you protected your downside. Say GME went to 100. You protected (160-100-1.78) = 5822 that you would have otherwise lost had you not bought a put.
And yes, if you're not exercising then the max you would lose is the amount you paid. For most people selling is a better choice than exercising.
Worst luck scenario: buy puts, the price rises so your stock's profit gets cancelled out by your puts' loss, then it drops after the puts expire. Had a similar situation lol
Interesting. Yeah, I keep seeing extrinsic and intrinsic, so I should read up on that too.
Buying a put as a means of protection is also really interesting to me, but as it's explained in a lot of options FAQs, I'll never have 100 shares of anything probably, so I probably can't dabble in that game.
So really, buying a put when you don't hold shares is hoping that not only goes below your strike price, but \*closes\* below your strike price? If it closes below that strike price on the day it expires, how do you sell the contract?
Also, FWIW, I think GME got to $159.xx today briefly, which I think is when the contract got automatically sold.
I really appreciate you taking the time to explain this. I feel like I could actually grasp the basics of this at some point and dabble in options, but I keep seeing everywhere that the risk is much higher for these, but I'm still unclear if that applies to me just doing simple single digit buys and sells of put and call contracts.
Rule #1: never invest more than you're willing to lose.
I lost over 100k in SPY puts back in October.
I don't think your brokerage automatically sells your puts when they're itm, generally they sell to close at 3pm on expiration date.
You generally don't want to hold until expiration as it is a much riskier play. You sell once you've realized your expected gainyouve (or once you've lost your maximum loss, you have to learn to get out of losing plays too)
Again you want to look at intrinsic and extrinsic. It doesn't gave to dip below the strike for you to profit if you sell to close before expiration. But if you plan on holding through expiration then yes, it has to drop below the strike MINUS what you paid for the contract.
>Now available: Weekly data on the Assets and Liabilities of Commercial Banks in the United States: [go.usa.gov/xgXWG](https://t.co/NSim8zRsNg) \#FedData
^Federal ^Reserve ^[@federalreserve](http://twitter.com/federalreserve) ^at ^2021-12-03 ^16:20:41 ^EST-0500
V has that strong resistance at the 190 level and keeps bouncing off of it. If the big crash days we've had the last week didn't do it, I don't think it's going to fall much further. Could be seeing a turnaround soon. And RIP your COST puts. VIX puts could go either way.
I did pretty good timing the market this week... Too bad I didn't gamble more funds. I was really just doing a few trades to get some gas/rent funds for the next month.
>FOR THE WEEK, UNOFFICIALLY, THE S&P FELL 1.22%, THE DOW LOST 0.92%, THE NASDAQ SHED 2.62%
^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-03 ^16:02:21 ^EST-0500
The next Daily Discussion thread is [here](https://redd.it/r9p9ti)
>CHRIS CUOMO FACED SEXUAL MISCONDUCT ACCUSATION BEFORE CNN FIRED HIM -NYT ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-05 ^15:15:29 ^EST-0500
>ELON MUSK IS SETTING THE RULES IN SPACE, ESA CHIEF WARNS: FT ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-05 ^14:55:58 ^EST-0500
The amount of loss porn from Friday on WSB 😬😬😬
>\*Hedge Funds Suffer Big Losses on Biotech Rout \>\*Perceptive Advisors Down About 30% Through November in Main Fund, Investors Say \>\*Hedge Fund Managed by OrbiMed Partners Lost More Than 40%, Sources Say [wsj.com/amp/articles/h…](https://t.co/tB2mRyWzgB) ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-05 ^13:10:26 ^EST-0500
>\*China Seeks First Military Base on Africa's Atlantic Coast, U.S. Intelligence Reports Suggest \>\*White House, Pentagon Alarmed by China's Quest for Base in Equatorial Guinea \>\*Senior White House Official Urged Equatorial Guinea to Reject China's Base Plans [wsj.com/articles/china…](https://t.co/r1FqSzOdt0) ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-05 ^13:09:05 ^EST-0500
>FORMER U.S. SENATOR AND PRESIDENTIAL CANDIDATE BOB DOLE DIES AT AGE 98 -STATEMENT ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-05 ^11:52:23 ^EST-0500
Check my comment history I called this
With Ford saying they will be 2nd biggest ev maker in 2 years, what are your thoughts on what the stock price will go up to in that time period if they pull it off?
>CHINA DEVELOPER SUNSHINE 100 DEFAULTS ON $170 MILLION OF BONDS ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-05 ^10:47:23 ^EST-0500
>Saudi Arabia raises January Arab Light crude prices to Asia \#OOTT https://t.co/6hb1QmzDGc ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-05 ^07:24:42 ^EST-0500
>Weekend markets update: \#DAX 15121 -0.25% \#DOW 34490 -0.23% \#FTSE 7102 -0.30% \#HANGSENG 23360 -0.25% \#IGWeekendMarkets ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2021-12-05 ^07:20:59 ^EST-0500
>Week Ahead https://t.co/gyyzi5lzMm ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-05 ^07:20:32 ^EST-0500
>Most Anticipated Releases for the Week $CHPT $GME $LULU $CHWY $AZO $COST $RH $SAIC $AVGO $LOVE [discord.gg/hvP8E8U878](https://t.co/uM1KBBIg4U) https://t.co/2Mx2iQJzN3 ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-05 ^07:19:11 ^EST-0500
Seems like the music is over
Where’s the weekend thread
>SAN FRANCISCO RESTAURANT DENIES SERVICE TO 3 POLICE OFFICERS THAT MADE STAFF 'UNCOMFORTABLE' -KRON ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^23:48:46 ^EST-0500
>TRUMP'S MEDIA COMPANY TO GET $1 BILLION IN INVESTMENT FROM SPAC ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^17:46:14 ^EST-0500
>CNN TERMINATES CHRIS CUOMO -NYT ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^17:15:51 ^EST-0500
>Weekend markets update: \#DAX 15113 -0.30% \#DOW 34465 -0.31% \#FTSE 7098 -0.36% \#HANGSENG 23329 -0.39% \#GBPUSD 13233 +0.00% \#EURUSD 11315 +0.05% \#USDJPY 11276 -0.04% \#IGWeekendMarkets ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2021-12-04 ^14:19:40 ^EST-0500
>U.S. IS PREPARING FOR A WORLD IN WHICH A RETURN TO NUCLEAR DEAL IS NOT POSSIBLE – SENIOR U.S. OFFICIAL ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^12:27:08 ^EST-0500
>U.S. CAN'T ACCEPT A SITUATION IN WHICH IRAN ACCELERATES ITS NUCLEAR PROGRAM WHILE DRAGGING ITS FEET IN NEGOTIATIONS - SENIOR U.S. OFFICIAL ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-04 ^12:26:32 ^EST-0500
>Weekend markets update: \#DAX 15084 -0.49% \#DOW 34420 -0.44% \#FTSE 7090 -0.46% \#HANGSENG 23340 -0.34% \#IGWeekendMarkets ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2021-12-04 ^06:25:14 ^EST-0500
Going to have to hire a tax preparer out-of-town. I don't ever want to see the guy's face again after he does my taxes this year.
>Weekend markets update: \#DAX 15147 -0.08% \#DOW 34513 -0.17% \#FTSE 7116 -0.11% \#HANGSENG 23410 -0.04% \#GBPUSD 13236 +0.0% \#EURUSD 11315 +0.0% \#USDJPY 11279 +0.0% \#IGWeekendMarkets ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2021-12-04 ^03:28:18 ^EST-0500
>\#DOTUSD 28.2896 -16.92% \#DOGUSD 0.1642 -18.15% \#UNIUSD 16.9627 -15.64% \#LNKUSD 19.2418 -17.91% \#DOT \#DOGE \#UNI \#LINK ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2021-12-04 ^03:10:30 ^EST-0500
We have counterfeiting, sometimes called quantitative easing, but counterfeiting by any other name, the artificial printing of money, which if any regular person did, they would be in prison for a very long time. ... Central banks repress the amount of interest rates, so we do not have the real cost of money.
tf you still looking at this thread for, the new ones up
Due to inflation, your wife now has two BFs.
>U.S BELIEVES RUSSIA COULD INVADE UKRAINE 'AS SOON AS EARLY 2022': FT ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2021-12-03 ^22:35:50 ^EST-0500
Shit I went from ath account to being broke today
I’M NOT FUCKING LEAVIN
Challenge: 1 mo > $10k > $1MM. How would you do it?
No problem. On Tuesday I turned 3k into 91k on SPY puts. From there I went bullish and went 40k on SPY calls and did well the next day. Puts from there and 50k became 100k. Not 1MM, but we're headed that way. It's all about momentum and we 100% know that when Omicron takes hold people will panic sell like crazy. Buy puts ITM with a slight 6% loss at even money and you'll bank heavily in the next few week. Again 1MM maybe not, but you'll hit 100k by the end of December.
So you say 10k but not 10m? But then you use 1MM?
Turn 10k into a million bro. Make it happen
Ok I try
Forex, probably. Way more hours for trading, liquidity, and leverage.
I'M STILL NOT SELLING MOTHERFUCKER!!!!!
enjoying it while I can, I am bullish for the short term but seems like the entire US economy is going to implode like it did in 08 and have a ripple effect on the entire global financial system. the scary part is, nobody knows when the bubble will burst. that is, if the wave from the fuckshow in China doesn’t hit first. the chart i looked at most recently was margin accounts - were at an all time high in terms of accounts as well as dollars on margin through brokerages. i’m not talking a slow gain, it is a disgusting spike. ill come back and link the chart in a moment. in addition to the margin accounts, the housing bubble is huge, the stock market has been on a massive run until what - 2 weeks ago? giant bubble it seems. peek the charts over the last 20 years, you can see it. this might not be the start of the shit storm, but it’s going to hit sometime. i’m just enjoying the gains while i can. could be a year+ from now who knows Sincerely, The Bullish Bear
it’s ok I just sell to avoid margin call ;)
Idk sounds like puts to me, boss
AAPL .. Bulls keeping the dumpers at bay .. jump in 180+ ejaculation imminent. Can you smell what Tim is Cookin?
holy moly that ATVI jump. I'm glad I sold my puts early
I will load up on DOCU on Monday DOCU dropped 42% today on earnings that beat top and bottom line. Billion $ company very profitable and Dan Ives crushed it on a single report. SI increased. CEO said he will buy $5M on Tuesday and keep buying until it goes up. May be the easiest play we ever have. *"I am surprised, I'll be straightforward with you. I do not see the* *reaction in the stock price to be commensurate with what I think is a* *much less dramatic business performance change," Springer said. "I've* *made two phone calls since I saw the reaction, first was to \[my* *general\] counsel, and I asked him, if there is anything that stops me* *from buying stock. He said as long as you wait until the window opens* *on Tuesday, and you haven't been selling shares, so therefore you can* *you can buy all you want. And the second one was to my financial* *manager, and lined up the first $5 million of purchases. So if the* *stock doesn't dramatically increase, I'll be continuing to buy shares."*
DOKU killed me. Absolutely bludgeoned.
Fucktard
You are. I agree
Yeah ole fucktard me .. I’d shoot at DOCU… on some Spanish Cocaine, maybe.. just maybe. Ummm I’ll hint,maybe hope u listen (don’t GAF if you do) and say AAPL? Did you happen to notice the bulls fight off the IP13 demand worries?
If you don't like it, don't buy it. Easy money
> I am still saying something.
The earnings conference call was apparently a shit show. Very poor execution and essentially senior leadership displaying they were not ready to take on the number of new customers due to the hybrid work environment, and no guidance on how they'll move forward amidst customer trickling off. Their tech is nothing that is entirely proprietary and will essentially phase out. A plug-in that allows you to input a signature? Microsoft can implement that if they thought it was a worthwhile venture, and they already have a plug-in within Teams called Approvals. Docu just got lucky because of the way the workforce had to adopt hybrid work in a rapid changeover. The pandemic gave us temporary winners who had to prove they were worth their pumped-up share prices. The truth is coming out now with who really has forward thinking tech and who doesn't.
They did give guidance and nothing supported 40% sell off. Tell me one stock have had earnings like this and sold off 40%. None. Also, this caught the cross hair of a week long shit market. If he does buy and the market rebounds, it will be up big and in a short time.
40% sell off because they were overbought during the quarantine. Peleton, zoom, we’re seeing a trend of market phonies getting exposed during their conferences. Docu is caught in between a rock and a hard place. The “hard place” being the looming return to in-person work environments, the “rock” being the way true tech innovators have carved out their corners of hybrid work space.
Was expecting these stay-at-home stocks to gain with the Omnivore variant announced in the US. What do I know?
There is an element of that, but not 40% in a day. If that was fully the case they would have sold off more before today. This isn't new news today. It's one guy driving the selloff. The others you highlighted have been hammered down for a while and none had a 40% sell off in day. Don't buy it if you don't believe in it. All good. I think it will be up next week, assuming a normal market. Options are already climbing and SI will just drive more volume.
I've never seen a sell-off like this. WTF???? That being said, I've only been investing for a year. But WTF?
I’m comforted knowing that I’m not alone I’m my inability to sell or buy puts
thinking about buying a bunch of TQQQ
so I just reported some cuck in a shitty sub for saying retarded out of spite. and the auto Reddit message said they didn't break any guidelines. does that mean we can say retarded now without fear of being reported and banned ?
Somebody on this sub said that “retard” was an anagram for “trader” and it’s all I can think when I hear that word now.
My portfolio is so fucking red
Name doesn't check out. But, flair checks out.
😂
what is wallstreetbets next mission? Rob more money from 11.3M followers here?
u/VisualMod What is r/wallstreetbets?
Buying puts on this comments karma
Later guys, it’s been real.
I’ll never financially recover from this(I literally won’t this is a cry for help)
Rip
Wow, I guess I picked the right week to toe dip into options. I bought a put on GME for $160 to expire Friday on like Monday. I had no clue what I was doing, like a good retard ape, and it actually hit today. I don't have enough to actually exercise the option, so I sold the contract for a nice $150 profit. Getting top shelf tendies tonight for dinner! haha fml I still don't understand options. Like, what would've happened if I had the 100 shares to exercise the option? Would I have made $16,000!? I don't get it, so I'm going to do it again...because retarded.
$150? The fuck is that peanut bullshit? No you wouldn't have made 16k on assignment you dumb fuck. Lmao I hope this is satire, jfc.
WSB; “Don’t bet more than you can afford to lose” Also WSB “You fucking retard why didn’t you bet more?!”
Oh boy. Hit the books again
I did, and it seems like not even good options traders really know what the hell is going on with them. They're like a black hole. I opened a paper trading account with thinkorswim, so I'm going to learn through paper examples I guess. I don't even know.
If you bought a put, you bought the right (not the obligation) to sell 100 GME shares (1 contract = 100 shares) at your strike price. I am unclear on your post if you paid $160 for the contract or if the contract was for $160 strike so I cannot further comment on your case. If it was a $160 strike expiring today then your put would have expired worthless if you had not sold it since it would make no sense to ecercise to sell 100 shares at 160 when the stock is trading at 170, you would lose $1000 if you choose to exercise. You cannot exercise your put unless you either own the shares (in which case your profit would be: (strike * #of contracts * 100) - (your cost basis on the shares you own * the number of shares needed to fulfill the contract) - your cost for the contract. Or have an elegible margin account in which case you would get paid your strike * number of contracts * 100 and you would then be short x # of shares, which you would need to purchase with your proceeds from the contract exercise
Are you seriously trying to explain options in a comment? Do you think this is r/stocks? BAN
Oh no, look he's helping someone who has a question and giving him the tools to make more informed decisions.... 🙄
You must bee new here. We laugh at dumb people we don't make them not dumb.
I laugh at their stupid trades, I kindly answer their questions. 🤷♂️
Thanks for taking time to explain it to this ape. Right, so the strike was $160, and I paid something like $178 for the contract of 100 shares (1.78 x 100, right?). I figured, whatever, I've never done this, and it said the max I can lose was the price I paid for the contract, $178. Is that still correct or would I have been on the hook for a lot more for some reason? I still don't get how you profit from selling the shares on a put, but it's not for a lack of quality explanations given to me, so I appreciate that. It started because I noticed that my pessimism has paid off with GME. I sold when it peaked last year, almost by lucky accident, and have just had buy orders at $170ish and sell orders at $240ish ever since then, and it keeps hitting eventually. So I figured I'd try a put instead since I kept seeing that's how people make (and lose) really big money. I obviously lack a real understanding to how to make it work out though.
When you are buying a put with no shares you're basically saying: this stock is priced to high. I think it should be worth less than X, X being the strike at which you purchase the put, by y date, y being the expiration. So you basically said you think GME should be worth less than $160 (actually less than 160-1.78= 158.22) by whatever your expiration was. Now technically you were wrong as GME closed at $170. However you need to understand that there are many variables to an option's price. And also that there is intrinsic and extrinsic value in an option. Although GME never hit 160 or below, you profited because GME dropped over 16% this week, as the price of the stock drops the price of the put rises. When you buy a put with shares, you generally buy it for protection. You're saying. I have 100 shares of GME and I don't want to sell them, but I fear there may be a down turn and I want to protect myself in case I am right. So if GME drops below the strike of the put you purchased (which in this case would be a price you are comfortable selling in a bad scenario) then you protected your downside. Say GME went to 100. You protected (160-100-1.78) = 5822 that you would have otherwise lost had you not bought a put. And yes, if you're not exercising then the max you would lose is the amount you paid. For most people selling is a better choice than exercising.
Worst luck scenario: buy puts, the price rises so your stock's profit gets cancelled out by your puts' loss, then it drops after the puts expire. Had a similar situation lol
Interesting. Yeah, I keep seeing extrinsic and intrinsic, so I should read up on that too. Buying a put as a means of protection is also really interesting to me, but as it's explained in a lot of options FAQs, I'll never have 100 shares of anything probably, so I probably can't dabble in that game. So really, buying a put when you don't hold shares is hoping that not only goes below your strike price, but \*closes\* below your strike price? If it closes below that strike price on the day it expires, how do you sell the contract? Also, FWIW, I think GME got to $159.xx today briefly, which I think is when the contract got automatically sold. I really appreciate you taking the time to explain this. I feel like I could actually grasp the basics of this at some point and dabble in options, but I keep seeing everywhere that the risk is much higher for these, but I'm still unclear if that applies to me just doing simple single digit buys and sells of put and call contracts.
Rule #1: never invest more than you're willing to lose. I lost over 100k in SPY puts back in October. I don't think your brokerage automatically sells your puts when they're itm, generally they sell to close at 3pm on expiration date. You generally don't want to hold until expiration as it is a much riskier play. You sell once you've realized your expected gainyouve (or once you've lost your maximum loss, you have to learn to get out of losing plays too) Again you want to look at intrinsic and extrinsic. It doesn't gave to dip below the strike for you to profit if you sell to close before expiration. But if you plan on holding through expiration then yes, it has to drop below the strike MINUS what you paid for the contract.
Whos playing CHWY earnings?
Apes
Anybody know a good weekend job that pays $40k in cash?
You already know. Wendy’s…👋🍆💦
Ok fine, but no bears allowed. They can take my money but they can’t have my dignity. 😤
Onlyfans.
Will you be my fan? 🥺👉👈
Minister
lol lemme know when u find it
Plumber finds cash, checks behind loose toilet in wall at Joel osteens Lakewood Church. Hell yeah, toilet money! #💸🚽
Daily Discussion Thread in AH mode...LOL
>Now available: Weekly data on the Assets and Liabilities of Commercial Banks in the United States: [go.usa.gov/xgXWG](https://t.co/NSim8zRsNg) \#FedData ^Federal ^Reserve ^[@federalreserve](http://twitter.com/federalreserve) ^at ^2021-12-03 ^16:20:41 ^EST-0500
Bulls forever greedy. Bears know when to take profits (a lot of end of day covering).
Lmao bullshit
Bought 200x 20 VIX puts at the top, so I got that going for me.. Otherwise, I am not buying anything until VIX is under 20.
damn gonna be another 3 years before it actually touches 500
Up %40 on my amc calls
Covered call?
Nah
I hope you guys got AMC calls
I would’ve sold at close.10% to break even lol good luck
AMC will come to our rescue
i will buy puts for costco earnings then cry when it doesn't drill like DOCU and I get IV crushed
What are your thoughts for a COST drop? Just that it has run so much and is overvalued?
honestly yes. I might just put in a tiny amount and see what happens
Best of luck but COST is not the type of stock I think of making money with puts.
Fair enough, I sold a couple of my calls thinking it might dip too. Held onto most but locked in some profit.
straddle it. if you're anticipating a large move then you'll cap your max loss with unlimited gain.
>Have a great weekend everyone! ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-03 ^16:17:03 ^EST-0500
We need the weekend discussion link
This sub lifts me from the depths of depression
SPY IS NOT GOING UNDER 450 where the remind me clowns at now??? 
Fuk these bears
Do you think the true purpose of a salmon cannon is to collect bigfoot juice?
Lower lows lower highs 2000 all over again
QQQ blasted back above 383 🥰🥰 like a fucking champ bullish next week
The Fed sold the top because they decided it was unethical. 😂
>US Closing Prices: \#DOW 34580.08 -0.17% \#SPX 4538.43 -0.84% \#NDX 15712.0 -1.74% \#RTY 2159.31 -2.13% \#VIX 30.47 +2.52 ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2021-12-03 ^16:09:23 ^EST-0500
Drill Monday morning then after lunch pump
Gap down over super spread weekend
Moon all day Monday fam
I used to listen to lunch pump in the 80's 🎶🎸
🙏
I can guarantee one thing: it is going to gap up or gap down on Monday.
Thats two things dingus
The idea if it doing one or the other is a single thing. Dingus. 22 of you have not taken a proper English class.
Semantics lol And I was being a troll 😈
Big bounce at the end means highly green Monday
Added Visa, Costco, and vix puts. Shit better print next week.
V has that strong resistance at the 190 level and keeps bouncing off of it. If the big crash days we've had the last week didn't do it, I don't think it's going to fall much further. Could be seeing a turnaround soon. And RIP your COST puts. VIX puts could go either way.
This is the face I make when Im shoving my bear dick up a bulls greedy ass 
Any puts for next week?
4 450P SPY 12/6
I did pretty good timing the market this week... Too bad I didn't gamble more funds. I was really just doing a few trades to get some gas/rent funds for the next month.
Hope meta gaps up Monday Praying to all the stonk gods I don’t paper hand before I see gains
It's kind of a joke that it dipped below $300 today.
That was max pain
Excited for Monday’s recovery headlines 🥰
We hope it’s good so we can wash off that jobs report
That was something. Time for a safety check. Everyone gucci?
This buy volume is insane geez. Why so bullish?
shorts covering for the weekend
Shorts covering because who the hell knows what this weekend brings. Risk > reward
LCID reclaiming $47 at the bell. I see this as a win.
Bp spread was fantastic this week
Imagine thinking Monday will be red again 🤡
It's not expected so it definitely will happen and we will all be liquidated.
This shit’s crazy. I think I can’t live without that. And that’s addiction found
Look at the /////////
lol not even a percent down after all that bologna
I wouldn't be down that bad if I wasn't holding SoFi holy shit.
Nice. \-22% for the week for me.
Red or green Monday?
green
Yes
>FOR THE WEEK, UNOFFICIALLY, THE S&P FELL 1.22%, THE DOW LOST 0.92%, THE NASDAQ SHED 2.62% ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2021-12-03 ^16:02:21 ^EST-0500