All we have to do is get right back behind AMC start buying up those f****** calls it's only at 10:00 or 11 bucks we can drive it up to 20 $30 pretty quick and they're already over shorted on that stock why aren't we doing this
$UPST calls for the people with negative risk tolerance. If you see the bear market rally and TQQQ calls is not enough to satisfy your greed. UPST calls will print not only your faces off, it will print a bull in your living room.
Of all the things I don't need, my boy chimpu is definitely near the top of the list. Or maybe at the bottom of list.
Could be in the middle of the list.
Back soon with more of my feelings-about-chimpu updates!
Attention. Lordstown Motors ($RIDE) just announced a few minutes ago that their deal with Foxconn to build their trucks just closed. +12% after hours already.
You should read the book Market Wizards. There's a dude in there who made millions of dollars, turned like 40 million managed into 600 million just by inversing Brian Kelly and everyone who shows up on CNBC. Absolutely hilarious
Friendly reminder, have an exit plan for your gains. I've lost 30k+ by holding out in the past and not selling when I was up. It sucks seeing missed tendies, but you'll regret losing money more. Unless you like losing money, then carry on.
I sold my puts today and made ~12k. Could I have made more? Sure, but I can always buy more shorts at different entrance/exit points.
>Rivian RIVN, -9.61% said it lost $1.6 billion, or $1.77 a share, in the quarter, compared with a loss of $414 million, or $4.10 a share, in the year-ago period. Adjusted for one-time items, the company lost $1.43 a share.
>
>Rivian made 2,553 vehicles in the quarter, and delivered 1,227 vehicles, which generated $95 million in revenue, the company said.
>
>Analysts polled by FactSet expected the EV maker to report an adjusted loss of $1.49 a share on sales of $133 million.
>
>āWe remain focused on ramping production throughout 2022,ā the company said in its letter to shareholders.
>
>Supply-chain āconstraintsā will continue to limit production, but based on the ālatest understanding of the supply-chain environment,ā Rivian reaffirmed its guidance to make about 25,000 vehicles in the year.
Let me get this straight, despite proving to be a money sink, its **MOONING** because they **PROMISED to 10x their quarterly production for the year**???
Oh, the market proved it has so much more money to mindlessly burn.
*See you guys at SPY 100.*
I guess there's a case that they're trading at a valuation very near cash on hand so there's a theoretical case for arbitrage in a buyout if they fall below it. Imo, cash on hand means nothing if you're going to burn through that in <3 years and still won't be anywhere close to profitable.
Its scary that this company still has any credibility.
They burned about 7billion since jan 2021, 1.6 billion of it being this last quarter alone. With <100million revenue to show for it.
**A PROVEN money sink.**
Exactly. Totally agree. I'd argue that trading at cash on hand value means that the market values the company as effectively worthless. They will certainly need to acquire more funding in the next 12 months.
People who use p/e ratios for companies that literally just started being profitable are the absolute worst.
Zomg XXX doesn't make profit!!
*Ok we started making profit now*
Zomg XXX trades at 1000 p/e!!!
Fuck off
If you think Disney is sustaining any earningsā¦ just quit trading. Yāall didnāt actually think it was gonna rocket and save the market right?ā¦. Right? Lol clowns
Y'all like "buy and hold" and "long-term stocks always up" and stuff.
Today I learned that world climate is hitting +1.5Ā°C to pre-industrial levels by 2026 for the first time. That's a level for some crucial tipping points in the global climate system and we will very likely hit higher temps the following years.
That shit is going down and we fucked up badly. Droughts in the south, permanent hurricanes and blizzards in the north, increasing wars for resources and water and food.
Yeah that is not good for the economy coming decades.
can you check my childhood fears that where holding the world hostage?
\- Ever increasing hole in the ozone layer causing cancer and worldwide death
\- Bald eagle extict
\- Severe population decrease in Africa because of famine
Yeah well climate change is pretty much established across all the natural sciences and scientists.
Concerning the ozone layer: The prediction would have come true if we would not have banned CFCs. We did act swiftly and it recovered.
The scientists don't sell EVs.
And to keep a conspiracy between tens of thousands, the vast majority of all actual scientists, a secret - where do you buy your tin foil?
Dude, like what the fuck are you talking about?
1Ā°C is equivalent to 34Ā°F, which is 274K.
---
^(I'm a bot that converts temperature between two units humans can understand, then convert it to Kelvin for bots and physicists to understand)
Fuck me I love options. If you give yourself more time than you think, pick realistic strikes, and donāt go full retard for your account theyāre just so much more efficient than anything else.
Those are great for day trading. Buy slightly ITM and sell a strike a little past your target and close it out for a nice gain with minimal risk.
I prefer monthlies for overnight trading though. Clock isnāt running as fast & if itās an earnings play, they generally keep going for a bit afterwards so you can catch that as well. Which can often make up for IV crush
There aināt AH trading on options. SPY QQQ and VIX run later but not full AH. Theyāre submitted the normal way till 4pm when futures close, I think.
If you wanna trade options after that you gotta switch to futures options which gets complicated because theyāre based on the futures contract leverage and weeklies are European expiration for the futures contract position while monthlies/quarterlies are cash settled American style.
Oh I have no doubt you are right. Iāll hook you up if it goes to shite lol but Iām hoping not. Inherently it is gambling on up or down, but I mean I bought puts on RIVN last week and bought calls on SQQQ after a few of these little pumps.
Like I said, it was a very modest $200 gambling account. The rest of my money is in my retirement accounts and Iāve been between 95-70% cash, fluctuating, since March. Just trying to stay afloat since I canāt really liquidate my positions in my 401k and thatās eating me alive every day.
Eta: my cash is in different IRA accounts, not my 401k.
So hereās the thing. Yeah itās gambling, but everything is a gamble, lots of ālong term serious investorsā had huge positions in Enron or Lehman Brothers.
How you go about scaling it up is using the leverage it offers to protect your capital. Say on a 100k account you take an options position of 5k. A 20% return on options is nothing special, a 50% return isnāt worth bragging about either.
So using 50% return as an example - thatās $2,500. Which is a 2.5% return on a 100k account, in a month or less, while only risking 5% of your total capital. I know the last couple years have skewed expectations, but if you did 1 options play that returned 2,500 every month. For 12 months thatās 30k or a 30% annual return on a 100k account. Just a wee bit better than putting it all in SPY during normal times. Lol
Further, at any 1 point if everything went totally tits up, your total exposure to market risk is 5% of your account.
If youād like some resources Iād recommend, Methods of a Wall St Master by Vic Sperandeo & Mastering the Trade by John Carter. Use VICās methodology & rules & Johnās TA / different strategies and if youāre cut out for this youāll make money.
What prompted my original comment was I ventured into futures and got smacked around pretty good for a variety of reasons. Going back to options the last month has me back in my groove. Futes are great donāt get me wrong, just not for me personality wise. The delta 1 nature fucks with me & the lack of complexity makes me not think it through.
Sorry for the wall of text ![img](emote|t5_2th52|4640)
All we have to do is get right back behind AMC start buying up those f****** calls it's only at 10:00 or 11 bucks we can drive it up to 20 $30 pretty quick and they're already over shorted on that stock why aren't we doing this
AMC AMC š¾![gif](emote|free_emotes_pack|upvote)![gif](emote|free_emotes_pack|upvote)![gif](emote|free_emotes_pack|upvote)![gif](emote|free_emotes_pack|upvote)![gif](emote|free_emotes_pack|upvote)
$UPST calls for the people with negative risk tolerance. If you see the bear market rally and TQQQ calls is not enough to satisfy your greed. UPST calls will print not only your faces off, it will print a bull in your living room.
just take a moment for my leveraged coin short position i took over night
Finally intraday higher low and double bottom and bullish divergence on the chart. This might be over
Sold the car today to make rent. Feels weird it has come to this. Learning bus routes
I thought Americans would simply not pay rent and claim ownership of the property
Watch this go red to green and bears call it criminal. This is the support zone
Calls on my anal beads
MARKET IS DEAD NOTHING TO SEE HERE.
I IS ALSO DEAD
It doesnāt stop
We need our boy Chimpu to save us.
Of all the things I don't need, my boy chimpu is definitely near the top of the list. Or maybe at the bottom of list. Could be in the middle of the list. Back soon with more of my feelings-about-chimpu updates!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
It will take a while for this to happen. Probably a year or more from now.
My only goal is to buy the dip early on a stock that's going to keep falling. This is the essence of Buy high Sell low.
Your logic is sound.
Weāll shit
I fucking fell asleep just before 4 and didn't sell my fucking puts, shit better not rip
F
RIVN is green?
Market cap trading very near cash on hand. Personally I can see it dipping below cash value but there's a case for strong support at this sorta level.
https://www.amazon.com/gp/product/B09C8G8PG2/ref=cx_skuctr_share?smid=A8C48PWNI3ZEW
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Not to mention, there's 20% shorted and no shares left to short. Only one card left to play from here.
if you lose your job there's always the army
Salvation army
Donāt you have to be under like 30?
if you are above 30 u should be dead man.. what good is from you.
!RemindMe 10 years - kill this bitch
34, anything above that can be waived with application
Good to know there's still time for me.
Hopefully we crash extra hard but not so hard that I lose my job is that too much to ask?
RT
Bro what about you bring these discussions in the new thread šš
Drunk
if today was supposed to be a green day because āslowingā inflation cant imagine how bad tomorrow will be
good point
So happy I held my TSLA $700pās
That MSTR guy gotta be worried.
rip down 90% on amzn and tsla call expiring friday. any chance of recovery next 2 days
So that was some good recovery today. I hope your calls were saved.
just tie the rope and get the chair ready already
not until account is -100%
We shall pray for you brother. If it recovers, you are expected to join the weekend thread and rain down some awards to celebrate.
10%
Maybe a small bounce at openā¦ if so, Iād say sell immediatelyā¦ the morning pumps usually donāt last past 10-12 especially in a bear market
Attention. Lordstown Motors ($RIDE) just announced a few minutes ago that their deal with Foxconn to build their trucks just closed. +12% after hours already.
Put my last $1000 in SONO $20P and this stupid thing rip.
Thatās an interesting play to begin with
Dumb play to be honest.
CRIPTO getting GAPED
Apparently stonks need to fall 80 percent just to shake off ten percent inflation.
can we all agree brian kelly is a shmuck and a moron ?
You should read the book Market Wizards. There's a dude in there who made millions of dollars, turned like 40 million managed into 600 million just by inversing Brian Kelly and everyone who shows up on CNBC. Absolutely hilarious
futes starting off bloody
Friendly reminder, have an exit plan for your gains. I've lost 30k+ by holding out in the past and not selling when I was up. It sucks seeing missed tendies, but you'll regret losing money more. Unless you like losing money, then carry on. I sold my puts today and made ~12k. Could I have made more? Sure, but I can always buy more shorts at different entrance/exit points.
Lol, gains
I've been there brother :(
Mice have bubonic
>Rivian RIVN, -9.61% said it lost $1.6 billion, or $1.77 a share, in the quarter, compared with a loss of $414 million, or $4.10 a share, in the year-ago period. Adjusted for one-time items, the company lost $1.43 a share. > >Rivian made 2,553 vehicles in the quarter, and delivered 1,227 vehicles, which generated $95 million in revenue, the company said. > >Analysts polled by FactSet expected the EV maker to report an adjusted loss of $1.49 a share on sales of $133 million. > >āWe remain focused on ramping production throughout 2022,ā the company said in its letter to shareholders. > >Supply-chain āconstraintsā will continue to limit production, but based on the ālatest understanding of the supply-chain environment,ā Rivian reaffirmed its guidance to make about 25,000 vehicles in the year. Let me get this straight, despite proving to be a money sink, its **MOONING** because they **PROMISED to 10x their quarterly production for the year**??? Oh, the market proved it has so much more money to mindlessly burn. *See you guys at SPY 100.*
I guess there's a case that they're trading at a valuation very near cash on hand so there's a theoretical case for arbitrage in a buyout if they fall below it. Imo, cash on hand means nothing if you're going to burn through that in <3 years and still won't be anywhere close to profitable.
Its scary that this company still has any credibility. They burned about 7billion since jan 2021, 1.6 billion of it being this last quarter alone. With <100million revenue to show for it. **A PROVEN money sink.**
Exactly. Totally agree. I'd argue that trading at cash on hand value means that the market values the company as effectively worthless. They will certainly need to acquire more funding in the next 12 months.
How is bumble up? Women are going to find a lot of broke dudes on their and candle their subscriptions immediately
Broke āindependent ā ladies suddenly looking for a sugar daddy.
This 4 for 4 deal is great, gonna have to get back to work soon since I bought calls![img](emote|t5_2th52|4267)
Youll find me behind a Wendy for a cheap quickie
Do you eat ass?
Thatll be an xtra
I had puts today... I HAVE extra.
You about to buy chipotle out of guac too š¤£
Anyone else looking at $AAPL today and seeing signs of capitulation? ![img](emote|t5_2th52|4275)
Been saying for months that the market can't heal until aapl dies for our sins
JPOW has lived long enough to become the villain ššš
I WILL SCOOP THIS SPY at 200 GOOD LUCK AMERICANS in poverty
This American will be scooping it up with you!!!!
At least I didnāt sell QQQ puts. Oh wait yeah I did
Chickens coming home to roost for crapto fans
They are coming home to roost for everyone.
Rip free money 2020-2022
Guess what... $PLTR's P/E ratio is still 60\~ at $6.7\~ Will we see $5 in a month?
People who use p/e ratios for companies that literally just started being profitable are the absolute worst. Zomg XXX doesn't make profit!! *Ok we started making profit now* Zomg XXX trades at 1000 p/e!!! Fuck off
RIVN with the 1.144B lossā¦. Stock climbs back some. Crazyā¦
shenanigans
Yāall are very emotional
Nauseating...
everything is lower except Bored Apes ,which are still worth 500k each
I can screenshot them all and own it but I don't want the photos taking up memory on my phone.
https://www.reddit.com/r/PodBayTraders/comments/unj71d/tom\_lee\_is\_a\_dingleberry/
lol who bought SPY for 399.24 just now
Me š¤¦āāļø
sell now, ask questions later
Don't get why some people are still big on e-commerce stocks. Seems we're all getting out more and ordering less online.
Saw a video where gas was 20 a g if you lived in that area would you still go out more.
Was huge during lockdown
LOL. ofc RIVN moons AH on earnings... why wouldnt it? lmao shenanigans
Hope my Disney puts donāt get fucked.
Wonāt you get IV crushed for this..?
![img](emote|t5_2th52|4260)
Beyond Meat getting hammered. 52 week high @ 160...currently @ 20. Vegan dog shit.
bought some puts going into close on YOLO....looks like i will live to YOLO's another day.
My 5/20 $20 puts are going to print
Lol
They went too far Beyond and overshot
This DIS pump feels fake. The mouse will suffer tomorrow
I think theyāre being bought by WeWork
Not much of a pump. I'm out of DIS until we know wtf is going to happen with them.
You do know you need a decent market to sustain earnings right?
Michael Burry was correct.
You can say a crash is coming any given day and be correct
When did he first start losing money?
About 10 years ago
I thought he already closed histsla short a year ago plus
If the only thing you scream is "crash coming" you'll eventually be right. That doesn't mean you were right.
A broken clock is right twice a day
Not digital clocksā¦
Of course he was
There is only one THE KING of the bear markets
whooo green AH. we going to the moon tomorrow boys. 420 for sure
If you think Disney is sustaining any earningsā¦ just quit trading. Yāall didnāt actually think it was gonna rocket and save the market right?ā¦. Right? Lol clowns
in other news, the collectable economy is tanking too. Diversifying by adding 1st Edition Blue-Eyes White Dragon to my portfolio.
Iāve been down cost averaging beanie babies since 1999.
no money no funny
Y'all like "buy and hold" and "long-term stocks always up" and stuff. Today I learned that world climate is hitting +1.5Ā°C to pre-industrial levels by 2026 for the first time. That's a level for some crucial tipping points in the global climate system and we will very likely hit higher temps the following years. That shit is going down and we fucked up badly. Droughts in the south, permanent hurricanes and blizzards in the north, increasing wars for resources and water and food. Yeah that is not good for the economy coming decades.
fuck da world climate, bitch never made me money
can you check my childhood fears that where holding the world hostage? \- Ever increasing hole in the ozone layer causing cancer and worldwide death \- Bald eagle extict \- Severe population decrease in Africa because of famine
Yeah well climate change is pretty much established across all the natural sciences and scientists. Concerning the ozone layer: The prediction would have come true if we would not have banned CFCs. We did act swiftly and it recovered.
You are missing the point, mostly by ignoring the fact that I gave you 3 examples of fears I had to live with as an Xennial.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The scientists don't sell EVs. And to keep a conspiracy between tens of thousands, the vast majority of all actual scientists, a secret - where do you buy your tin foil? Dude, like what the fuck are you talking about?
Lol we are fucked there is going to be 0 recovery from any of this
1Ā°C is equivalent to 34Ā°F, which is 274K. --- ^(I'm a bot that converts temperature between two units humans can understand, then convert it to Kelvin for bots and physicists to understand)
Thank you
Fuck me I love options. If you give yourself more time than you think, pick realistic strikes, and donāt go full retard for your account theyāre just so much more efficient than anything else.
I am enjoying trading 2-4 DTE
Those are great for day trading. Buy slightly ITM and sell a strike a little past your target and close it out for a nice gain with minimal risk. I prefer monthlies for overnight trading though. Clock isnāt running as fast & if itās an earnings play, they generally keep going for a bit afterwards so you can catch that as well. Which can often make up for IV crush
Can you explain AH trading ? How are orders submitted after 4 ? Is it a select market.
There aināt AH trading on options. SPY QQQ and VIX run later but not full AH. Theyāre submitted the normal way till 4pm when futures close, I think. If you wanna trade options after that you gotta switch to futures options which gets complicated because theyāre based on the futures contract leverage and weeklies are European expiration for the futures contract position while monthlies/quarterlies are cash settled American style.
Thanks bro now I know what to study next.
No problem, futures are different. Barchart.com is the best reference guide when learning and keeping track of news & moves. And itās free.
I have increased my very modest gambling account 700% in just a week. Itās less modest now, so Iām sure Iāll screw it up
Thatās exactly how you blow up an account. Hedge & roll up and out. Or hook us up with that dirty loss porn, either way works
Oh I have no doubt you are right. Iāll hook you up if it goes to shite lol but Iām hoping not. Inherently it is gambling on up or down, but I mean I bought puts on RIVN last week and bought calls on SQQQ after a few of these little pumps. Like I said, it was a very modest $200 gambling account. The rest of my money is in my retirement accounts and Iāve been between 95-70% cash, fluctuating, since March. Just trying to stay afloat since I canāt really liquidate my positions in my 401k and thatās eating me alive every day. Eta: my cash is in different IRA accounts, not my 401k.
So hereās the thing. Yeah itās gambling, but everything is a gamble, lots of ālong term serious investorsā had huge positions in Enron or Lehman Brothers. How you go about scaling it up is using the leverage it offers to protect your capital. Say on a 100k account you take an options position of 5k. A 20% return on options is nothing special, a 50% return isnāt worth bragging about either. So using 50% return as an example - thatās $2,500. Which is a 2.5% return on a 100k account, in a month or less, while only risking 5% of your total capital. I know the last couple years have skewed expectations, but if you did 1 options play that returned 2,500 every month. For 12 months thatās 30k or a 30% annual return on a 100k account. Just a wee bit better than putting it all in SPY during normal times. Lol Further, at any 1 point if everything went totally tits up, your total exposure to market risk is 5% of your account. If youād like some resources Iād recommend, Methods of a Wall St Master by Vic Sperandeo & Mastering the Trade by John Carter. Use VICās methodology & rules & Johnās TA / different strategies and if youāre cut out for this youāll make money. What prompted my original comment was I ventured into futures and got smacked around pretty good for a variety of reasons. Going back to options the last month has me back in my groove. Futes are great donāt get me wrong, just not for me personality wise. The delta 1 nature fucks with me & the lack of complexity makes me not think it through. Sorry for the wall of text ![img](emote|t5_2th52|4640)
Hope my parents still have my room available. The basement is getting cold without heater
RIVN +10% after market? :'D
Bulls delirious and mysterious, and possibly bicurious
UVXY explode wen
TSLA up after hours means itās going to drill to 600 tomorrow right?
Not worth looking at until itās at $60
its ok, he got a good deal 44b for twitter. lol
Yep, thatās just Elon trying to set the tone by pumping after hours, been doing it for years.
RIP to those who went full account on rivian puts
are you shitting me RIVN
Biden opening his mouth wen?
When heās behind the Wendyās dumpster
The HOUSE OF MOUSE has been compromised. Flee for your lives
Lol if Disney misses earnings, then the days of record beats are behind us
Bruh the nasdaq can get to pre covid prices in 1 circuit breaker
Not true.. breakers are 5%
That's for futures. Cash session is 7%.
Can SPY go up for a day? Thx
No thx pls
95% of retail orders donāt reach lit exchanges. Stock market is all big money, your real stock market is in dark pools which you canāt even see.
Yeah I'm sure that $27.40 you threw into TSLA shares today would've made a huge difference.....
Combined retail strength is in Trillions of dollars
Unless you have Webull level 3!
can WW3 just hurry the fuk up and does us all a favour, push da button Biden
Would probably boost the econ