The Official Stock Market Thread

[Blazed]

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[Cheken]

Originally Posted by Blazed

My current holdings - trend for the day is down. Don't fight the trend - buy puts on pops. I'm on vacation and can't monitor my positions as often so I went further out on expiration. I usually do 0DTE or next day.



This is really all I do. I keep it simple and trade off levels and rejects.

No reason to over complicate stuff.

good stuff man - btw when you do these puts - do you aim for 2-3 weeks out or just timing of events such as the 11/11 for prior feds meeting etc

[GeechQuest]

Originally Posted by KhalDrogo

Facebook can’t do that. They would then hemorrhage the “user” base when the bots leave. Can’t admit that half or more of their users are actually bots or people with multiple accounts.

We can agree to disagree.

Just checking it looks like over 1B monthly IG users, and 2B monthly Whatsapp users.

I want to monetize this base via a subscription. I can still run ads on top of this too.

I'm of the belief that more people would pay for this stuff than many may believe. NFLX has over 200M subscribers, and I'd tend to believe people who are subscribers spend more time on socials than watching NFLX. If NFLX can monetize subscribers to the tune of $9.99+, I think FB and YT (GOOGL) can do the same at a lower cost and still retain users while hardening financials.

What the numbers would look like? I'm not sure. They're greater than $0 currently and against the backdrop of declining ad revenue I think it's ultimately what will have to be the pivot for these Mega Tech Ad companies.

[Blazed]

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[NCtheBBcradle]

Wow, Amazon

[KhalDrogo]

Originally Posted by NCtheBBcradle

Wow, Amazon

Huge miss on sales guidance.

[Cheken]

But seriously? Everything is pointing to a recession so people really thinking the guidance wouldn't tell the same? a bit oversold imo - but good time to average out for long hold

[hermanotarjeta]

Originally Posted by NCtheBBcradle

Wow, Amazon

Well, there goes my sports cards budget for the rest of the year!

[Blazed]

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[Cheken]

I cant figure out how to trade options with RH AH lol! have 25 call contracts for sqqq @ $57 looking to sell out - but doesn't seem to have any after hour movements

[pcptrade]

Initiated a small long position in AMZN at 90 in AH trading. It could drop to 75-80 area. Same with Alphabet. Both are good buys for long term at these levels (75-90 area) imo. I will add more GOOGL (current cost basis 100) and AMZN (current cost basis 90) if they drop below 90. I am looking for another 10-20% downside in big tech but not counting on it.

Bought a 105/95/85 butterfly put spread on AMZN today as earnings play. Looking good so far.

[Cheken]

Originally Posted by Cheken

I cant figure out how to trade options with RH AH lol! have 25 call contracts for sqqq @ $57 looking to sell out - but doesn't seem to have any after hour movements

Also i actually never exercised options before as im fairly new with it - so assuming i have liquidity to exercise this option - i would weight the benefit on the gain on the call vs the actual exercise price vs market price?

[GeechQuest]

Originally Posted by Cheken

I cant figure out how to trade options with RH AH lol! have 25 call contracts for sqqq @ $57 looking to sell out - but doesn't seem to have any after hour movements

Outside of the indexes, no options AH.

What you can do is short the underlying to lock in.

Example:

1 SQQQ call contract, short 100 shares, lock in difference.

You cannot do it on RH though, as they don't allow short selling.

Inverse example:

1 SQQQ put contract, buy 100 shares, lock in difference.

[NYBBFAN]

I want to see SPX <3680 by next Friday. After these garbage earnings, I don't see why not. Risk off has got to be the mood.

[KhalDrogo]

Originally Posted by Cheken

Also i actually never exercised options before as im fairly new with it - so assuming i have liquidity to exercise this option - i would weight the benefit on the gain on the call vs the actual exercise price vs market price?

You should do a lot more research before trading them.

If you’re simply buying calls and puts, you don’t have to have any liquidity to back it. You’ll sell the options before they expire, or let them expire worthless. Generally speaking, trading short term call or put options around highly volatile events like earnings is a tough play to profit from. The premiums are enormous, and even big moves in the right direction might leave you in the red. But there are alternative options strategies you can employ to profit from a move of whatever magnitude you think might occur.

[Cheken]

Originally Posted by GeechQuest

Outside of the indexes, no options AH.

What you can do is short the underlying to lock in.

Example:

1 SQQQ call contract, short 100 shares, lock in difference.

You cannot do it on RH though, as they don't allow short selling.

Inverse example:

1 SQQQ put contract, buy 100 shares, lock in difference.

Thanks! ya - they don't allow shorting on RH and i really don't want any more exposure to sqqq unless i can be sure to get in and out on some quick profit. Sold off some holdings @ sqqq today after hours with the spike but still sitting on 2200 shares - before options, I used to use these as hedges and trade them on the ups and downs on my long term holds but the eventual deteriorating on these 3x could be big if volatile dies down etc. So going to just play with options as hedges going forward and liquidate the positions to move to longer holds if more tech drops - also rethinking the diversity of the portfolio as it is still mostly tech atm.

[Cheken]

Originally Posted by KhalDrogo

You should do a lot more research before trading them.

If you’re simply buying calls and puts, you don’t have to have any liquidity to back it. You’ll sell the options before they expire, or let them expire worthless. Generally speaking, trading short term call or put options around highly volatile events like earnings is a tough play to profit from. The premiums are enormous, and even big moves in the right direction might leave you in the red. But there are alternative options strategies you can employ to profit from a move of whatever magnitude you think might occur.

Thanks! Definitely need to read up more but atm just playing with money i can afford to lose - i made some good % gains as well as losing some which i think it's the best way to learn lol - i think biggest lesson learned is on these volatile times, just sell if there is profit and not get too greedy - had a massive 200%+ gain on Telsa puts a few days ago and went the other way quick - good thing it came back around so lucked out

[finfangfan]

[NCtheBBcradle]

That picture of Elon is *epic*

Looks exactly like a 16 or 17th century noble unleashing the headsman upon the unruly peasantry.

Oh wait, that's exactly what he's doing.

[imbluestreak23]

Adios Agrawal!

Hope you're employed never

[Blazed]

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[pcptrade]

Originally Posted by pcptrade

Bought a 105/95/85 butterfly put spread on AMZN today as earnings play. Looking good so far.

Purchased the AMZN Butterfly put spread for 1.44 avg yesterday and sold it for 5.00. Invested 2K, Cashed out 7K. Nice 3.5X (250%) gain! Still long 150 shares that I purchased AH at 90.

Screenshot_20221027-180113~3 by icollector23, on Flickr

Screenshot_20221028-093824~2 by icollector23, on Flickr

[ajlaxmn]

I see all this option talk and it has me interested in the strategies, and no I’m not jumping in and trading options yet, going to watch YouTube videos around all the basics regarding options (limiting the videos to people teaching the basics not videos of 20 something’s claiming it’s easy to turn $1k into $100k).

I also want to use stock simulators to feel out the process. I was curious do any of you recommend any particular reading, videos, additional info to learn? I’d even be interested in just shooting PM’s back and forth if you care to educate a newbie. Any and all advice/direction would be appreciated. I think just reading the back and forth on here has helped a little, at least learning the lingo.


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[ajlaxmn]

Originally Posted by ajlaxmn

I see all this option talk and it has me interested in the strategies, and no I’m not jumping in and trading options yet, going to watch YouTube videos around all the basics regarding options (limiting the videos to people teaching the basics not videos of 20 something’s claiming it’s easy to turn $1k into $100k).

I also want to use stock simulators to feel out the process. I was curious do any of you recommend any particular reading, videos, additional info to learn? I’d even be interested in just shooting PM’s back and forth if you care to educate a newbie. Any and all advice/direction would be appreciated. I think just reading the back and forth on here has helped a little, at least learning the lingo.

And yes I know options are risky, not easy, and maybe people are not being forthcoming with losses vs gains.

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Sent from my iPhone using Tapatalk

[GeechQuest]

Originally Posted by ajlaxmn

I see all this option talk and it has me interested in the strategies, and no I’m not jumping in and trading options yet, going to watch YouTube videos around all the basics regarding options (limiting the videos to people teaching the basics not videos of 20 something’s claiming it’s easy to turn $1k into $100k).

I also want to use stock simulators to feel out the process. I was curious do any of you recommend any particular reading, videos, additional info to learn? I’d even be interested in just shooting PM’s back and forth if you care to educate a newbie. Any and all advice/direction would be appreciated. I think just reading the back and forth on here has helped a little, at least learning the lingo.


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I feel like the best teacher is jumping in and just learning.

https://www.youtube.com/watch?v=4HMm6mBvGKE

This is a good starting point. Do not follow stock gurus on YouTube. Options are EXTREMELY risky.

If you want to start, use something like 0.01% of your portfolio and just follow how they move.