The Official Stock Market Thread - Page 82

jcardstore · 07-19-2021, 09:47 AM

Quote:

Originally Posted by JMarchand1981

I have “real money” in the market.

I go options shopping on days like today.

How much cash do you usually keep around for rainy days? As a percentage of your total portfolio

JMarchand1981 · 07-19-2021, 10:25 AM

Quote:

Originally Posted by jcardstore

How much cash do you usually keep around for rainy days? As a percentage of your total portfolio

4-8%. It’s not sitting in cash in the traditional sense. It sits in a money market. It pays a nominal interest rate so the money out of the market isn’t a total loss. I’m also not afraid to add money or sell legacy holdings to capitalize on a soft options market.

sportsfan12345 · 07-19-2021, 06:11 PM

Quote:

Originally Posted by JMarchand1981

4-8%. It’s not sitting in cash in the traditional sense. It sits in a money market. It pays a nominal interest rate so the money out of the market isn’t a total loss. I’m also not afraid to add money or sell legacy holdings to capitalize on a soft options market.

Does this refer to calls or puts? Sorry pretty new to options. Also, if you don’t mind me asking - what percentage of your overall portfolio is in ETF’s and such. Lastly, on a day like today, how much of that 4-8% do you typically buy with. Sorry for all the questions - just a young investor trying to get good insight.

mhcubsfan · 07-19-2021, 06:26 PM

Quote:

Originally Posted by sportsfan12345

Does this refer to calls or puts? Sorry pretty new to options. Also, if you don’t mind me asking - what percentage of your overall portfolio is in ETF’s and such. Lastly, on a day like today, how much of that 4-8% do you typically buy with. Sorry for all the questions - just a young investor trying to get good insight.

Options can be calls or puts. In this instance he is saying calls as when the market dips the price for call options are cheaper, so you typically buy long expiration date call options... % wise is all dependent on each person. If your new investor ETFS are the easiest/safest opportunities out there as it gives you broad exposure for a particular market type. Once you find and research enough stocks/etfs that you like for the long term, you just slowly add to them on red days. That’s is simplest answer for you

JMarchand1981 · 07-19-2021, 06:27 PM

Quote:

Originally Posted by sportsfan12345

Does this refer to calls or puts? Sorry pretty new to options. Also, if you don’t mind me asking - what percentage of your overall portfolio is in ETF’s and such. Lastly, on a day like today, how much of that 4-8% do you typically buy with. Sorry for all the questions - just a young investor trying to get good insight.

They are good questions. I don't mind answering them. I actually enjoy it.

The soft options market was calls today. It was super soft. The biggest bargain was on the strike prices. Time costs what time costs. For example, say I paid $100 for a $250 strike last week. I paid $100 for $220 today. That is a 10% reduction. Not talking any actual stock but the drop in prices for OOM calls was pretty severe today. Make of that what you will.

ETF's and mutual funds? My personal money? About 65% is in mutual funds(I am not an ETF guy). The money I manage? I can't go higher than 50%.

A day like today? I wil leg in. Half today and and half of the remaining on the next dip (so think about it: of the, say, 8%, I would buy with 4% today. 2% next dip. 1% the dip after that. So on and so forth until the transaction just isn't worth it for me to do.

Let me know if you have more questions. And if you don't want to ask them with everyone else watching, I will answer questions via PM. I won't provide advice or any specific stock, but I don't mind helping at all.

JMarchand1981 · 07-19-2021, 08:28 PM

Futures up. Not near to the extent that they were down. Today was bad. What was on sale wasn't on a good enough sale on the equity side.

Josh611 · 07-20-2021, 02:21 PM

People buying stuff hand over fist today but not yesterday?

I put some cash to work yesterday but caustically optimistic still.

Josh611 · 07-20-2021, 04:35 PM

Netflix wants to focus on mobile gaming specifically. First publicly traded that comes to mind is ZNGA. First thing I thought of when I heard this.

Soxfanguy · 07-20-2021, 04:39 PM

Did not expect a flash crash. Can’t believe market basically recovered all the losses of Monday. Wonder what tomorrow will be like

elny43 · 07-21-2021, 08:08 AM

Hard to wrap my head around the market volatility. See-sawing market to these extremes is annoying.

blackandgold · 07-21-2021, 11:55 AM

Looks like Draft Kings getting a bump for Tom Brady’s exclusive NFTS

finfangfan · 07-21-2021, 12:31 PM

My gambling stocks GENI (+16.5%) and DKNG (+6.5%) doing well today after struggling in recent weeks.

elny43 · 07-21-2021, 12:57 PM

It's crazy to see this full bounceback from Monday. I'm sure some institutional investors re-positioned on Monday for the re-closing trade only for the market to go completely against them yesterday/today.

Josh611 · 07-22-2021, 07:40 AM

The shoes are hideous IMO, but the stock is solid. CROX

Dbacksbaseball · 07-22-2021, 09:36 AM

Uber buying transplace is certainly a big acquisition.

Viking6 · 07-22-2021, 09:49 AM

Does anybody have a favorite premium subscription site/publication? WSJ / Bloomberg / CNBC Pro?

Figured it might be best to ask before just picking one.

monkeymcgee · 07-22-2021, 09:53 AM

Quote:

Originally Posted by Viking6

Does anybody have a favorite premium subscription site/publication? WSJ / Bloomberg / CNBC Pro?

Figured it might be best to ask before just picking one.

I’ve been happy with Bloomberg. Promo deals are attractive, but I canceled my renewal hoping for a decent “come back” offer because it is pricey.

Sent from my iPhone using Tapatalk

elny43 · 07-22-2021, 09:54 AM

Quote:

Originally Posted by Viking6

Does anybody have a favorite premium subscription site/publication? WSJ / Bloomberg / CNBC Pro?

Figured it might be best to ask before just picking one.

I have both WSJ and Bloomberg - I think Bloomberg's content is better quality and would likely choose that over WSJ if I only had to pick one.

Josh611 · 07-22-2021, 10:09 AM

Quote:

Originally Posted by Viking6

Does anybody have a favorite premium subscription site/publication? WSJ / Bloomberg / CNBC Pro?

Figured it might be best to ask before just picking one.

investors Business Daily is a good deal when they have the 2 months or whatever discounted. Won't pay the full $35 or whatever it is but when you can get it on the cheap for a trail its good.

You can cancel easily as well. They WILL call you and ask to extend or whatever but just say no or don't answer. They seem to have good deals around holidays.

xbignick · 07-22-2021, 02:38 PM

D
P
Z

Divino · 07-22-2021, 03:23 PM

JUPW crashing HARD! I actually made a good chunk of money on them in the past. Glad I sold my entire position!

Josh611 · 07-22-2021, 05:57 PM

Quote:

Originally Posted by xbignick

D
P
Z

You’ve posted about this one a few times. I put this one on the list of stocks I check daily but have never entered.

All it has ever done is go up. Well done.

finfangfan · 07-23-2021, 05:43 AM

Premarket is up so it looks like we will finish the week solidly green. Didn’t look like that would be the case on Monday.

blackandgold · 07-23-2021, 06:05 AM

Anybody getting in on Hood before it goes live? Never tried a IPO Might throw a little on RSKD

jcardstore · 07-23-2021, 06:31 AM

I can’t wait for HOOD to IPO I’m gonna buy all kinds of puts. The thing is going to drop like a rock. I would short it but I don’t even want to own any shares

17% of their revenue Q1 was from crypto trading and 34% of that was DOGE. That’s not sustainable.

Retail trading is never going to see a spike like it did, perfect storm.

Not to mention all of the negative robinhood sentiment among retail traders as people to go real brokers. People largely can’t or don’t want to manage their own money and now that basically anyone has commission free trading the edge RH had is gone

07-20-2021, 02:21 PM	#2032
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,048	People buying stuff hand over fist today but not yesterday? I put some cash to work yesterday but caustically optimistic still. __________________

07-20-2021, 04:35 PM	#2033
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,048	Netflix wants to focus on mobile gaming specifically. First publicly traded that comes to mind is ZNGA. First thing I thought of when I heard this. __________________

07-20-2021, 04:39 PM	#2034
Soxfanguy Member Join Date: Aug 2018 Location: White Sox Posts: 15,579 Soxfanguy	Did not expect a flash crash. Can’t believe market basically recovered all the losses of Monday. Wonder what tomorrow will be like __________________ ok

07-22-2021, 07:40 AM	#2039
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,048	The shoes are hideous IMO, but the stock is solid. CROX __________________

07-22-2021, 09:36 AM	#2040
Dbacksbaseball Member Join Date: Jul 2014 Posts: 10,007	Uber buying transplace is certainly a big acquisition. __________________ Buying Chase Utley and Jimmy Rollins Autos and Rare RC's Buying Syracuse Active Football/Basketball Alumni

07-19-2021, 08:28 PM	#2031
JMarchand1981 Member Join Date: Jul 2013 Posts: 34,438	Futures up. Not near to the extent that they were down. Today was bad. What was on sale wasn't on a good enough sale on the equity side.

07-21-2021, 08:08 AM	#2035
elny43 Member Join Date: May 2020 Location: Big Apple Posts: 1,525	Hard to wrap my head around the market volatility. See-sawing market to these extremes is annoying.

07-21-2021, 11:55 AM	#2036
blackandgold Member Join Date: Jul 2007 Location: Lockport La Posts: 9,155 guidry2732	Looks like Draft Kings getting a bump for Tom Brady’s exclusive NFTS

07-21-2021, 12:31 PM	#2037
finfangfan Member Join Date: Oct 2013 Posts: 11,491	My gambling stocks GENI (+16.5%) and DKNG (+6.5%) doing well today after struggling in recent weeks.

07-21-2021, 12:57 PM	#2038
elny43 Member Join Date: May 2020 Location: Big Apple Posts: 1,525	It's crazy to see this full bounceback from Monday. I'm sure some institutional investors re-positioned on Monday for the re-closing trade only for the market to go completely against them yesterday/today.

07-22-2021, 09:49 AM	#2041
Viking6 Member Join Date: Aug 2012 Location: South Florida Posts: 2,332	Does anybody have a favorite premium subscription site/publication? WSJ / Bloomberg / CNBC Pro? Figured it might be best to ask before just picking one.

07-22-2021, 02:38 PM	#2045
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,309 xxbignick	D P Z __________________ @xxbignick on twitter

07-22-2021, 03:23 PM	#2046
Divino Member Join Date: Mar 2009 Location: Racine, WI Posts: 7,714 divino	JUPW crashing HARD! I actually made a good chunk of money on them in the past. Glad I sold my entire position!

07-23-2021, 05:43 AM	#2048
finfangfan Member Join Date: Oct 2013 Posts: 11,491	Premarket is up so it looks like we will finish the week solidly green. Didn’t look like that would be the case on Monday.

07-23-2021, 06:05 AM	#2049
blackandgold Member Join Date: Jul 2007 Location: Lockport La Posts: 9,155 guidry2732	Anybody getting in on Hood before it goes live? Never tried a IPO Might throw a little on RSKD

07-23-2021, 06:31 AM	#2050
jcardstore Member Join Date: Mar 2014 Posts: 22,029 Jcardstore	I can’t wait for HOOD to IPO I’m gonna buy all kinds of puts. The thing is going to drop like a rock. I would short it but I don’t even want to own any shares 17% of their revenue Q1 was from crypto trading and 34% of that was DOGE. That’s not sustainable. Retail trading is never going to see a spike like it did, perfect storm. Not to mention all of the negative robinhood sentiment among retail traders as people to go real brokers. People largely can’t or don’t want to manage their own money and now that basically anyone has commission free trading the edge RH had is gone __________________ Just moonwalking through hell on my last brain cell