The Official Stock Market Thread

[Josh611]

Originally Posted by jcardstore

I'll wait until options are available. I don't want to own this stock at any price tbh.

Once I can buy puts I'm loading up.

Gotcha. I can understand that.

There’s no lock up for 15% of employees shares on this one. Sounds like Coinbase all over again.

[jcardstore]

Originally Posted by Josh611

Gotcha. I can understand that.

There’s no lock up for 15% of employees shares on this one. Sounds like Coinbase all over again.

Yea I just don't believe in the RH business model and what I've seen from their financials doesn't look very promising.

Now that everyone offers commission free they have no advantage over the other, bigger, brokers besides the great UI.

[jcardstore]

The median account value in Robinhood is $240 lol

[monkeymcgee]

Originally Posted by jcardstore

I'll wait until options are available. I don't want to own this stock at any price tbh.

Once I can buy puts I'm loading up.

You'll pay a pretty penny for them, I imagine

[jcardstore]

Originally Posted by monkeymcgee

You'll pay a pretty penny for them, I imagine

I'll be happy to pay it. I just don't see a path to profitability for RH. The more users they add, the more money they lose.

[JMarchand1981]

Originally Posted by jcardstore

The median account value in Robinhood is $240 lol

Is this true? Can you cite this? It isn’t That I don’t believe you but that is normally pretty guarded info.

[jcardstore]

Originally Posted by JMarchand1981

Is this true? Can you cite this? It isn’t That I don’t believe you but that is normally pretty guarded info.

It was actually quoted from Josh Brown on CNBC but here's an article

https://www.barrons.com/articles/rob...ue-51625166659

[Josh611]

Originally Posted by jcardstore

The median account value in Robinhood is $240 lol

Originally Posted by JMarchand1981

Is this true? Can you cite this? It isn’t That I don’t believe you but that is normally pretty guarded info.

I have heard $2500-$4500

Edit: mine was the average, he was referring to median. Did not catch that originally.

[JMarchand1981]

Originally Posted by jcardstore

It was actually quoted from Josh Brown on CNBC but here's an article

https://www.barrons.com/articles/rob...ue-51625166659

Thank you, I like to read things for myself. It’s the accountant in me.

Originally Posted by Josh611

I have heard $2500-$4500

Edit: mine was the average, he was referring to median. Did not catch that originally.

Fwiw, that is a huge disparity between the median and average. They must have some huge accounts for the difference to be That big.

[xbignick]

AMD killing it lately.

Wishing my order in May filled but still happy to have what I do for the ride (and happier those Intel announcements pushed me to buy more).

[shortstopguy12]

Anyone in any Green or renewable stocks? Or is it not a very exciting space at the moment?

[Josh611]

Originally Posted by xbignick

AMD killing it lately.

Wishing my order in May filled but still happy to have what I do for the ride (and happier those Intel announcements pushed me to buy more).

Certainty is. I think I'm in the same boat as you. Wish I owned more but no complaints here. Own enough to still make me happy with the move.

[JMarchand1981]

Wow. Amazon with an awful quarter.

Not-so-funny story.

We, as a group, sell $3200 puts on this stock. We have been selling them every week/month essentially just renewing the contracts at expiration. I am going to be sweating bullets if it gets down in the sub-$3300 range. I'm definitely not looking for sympathy or any lines on risk management, because frankly we can cover 100% of what we sold. However, We will be bringing our cash reserves to zero and liquidating some legacy positions that we build our options positions off of.

[mhcubsfan]

Originally Posted by JMarchand1981

Wow. Amazon with an awful quarter.

Not-so-funny story.

We, as a group, sell $3200 puts on this stock. We have been selling them every week/month essentially just renewing the contracts at expiration. I am going to be sweating bullets if it gets down in the sub-$3300 range. I'm definitely not looking for sympathy or any lines on risk management, because frankly we can cover 100% of what we sold. However, We will be bringing our cash reserves to zero and liquidating some legacy positions that we build our options positions off of.

Does this mean your still bullish on Amazon?

[Josh611]

Originally Posted by JMarchand1981

Wow. Amazon with an awful quarter.

Not-so-funny story.

We, as a group, sell $3200 puts on this stock. We have been selling them every week/month essentially just renewing the contracts at expiration. I am going to be sweating bullets if it gets down in the sub-$3300 range. I'm definitely not looking for sympathy or any lines on risk management, because frankly we can cover 100% of what we sold. However, We will be bringing our cash reserves to zero and liquidating some legacy positions that we build our options positions off of.

Really wasn’t expecting that from them. Haven’t read anything from the call yet but doubt Jassy wanted to set expectations too high for his first quarter. If they were ever going to announce a stock split this would have been the time.

[JMarchand1981]

Originally Posted by mhcubsfan

Does this mean your still bullish on Amazon?

Still bullish but we sell the options to generate income. It’s generally a couple hundred per share in income that goes to bottom line and/or we can pay it out. If we have to own the shares via execution we will liquidate much of the position because for Risk management purposes.

[JMarchand1981]

Originally Posted by Josh611

Really wasn’t expecting that from them. Haven’t read anything from the call yet but doubt Jassy wanted to set expectations too high for his first quarter. If they were ever going to announce a stock split this would have been the time.

I agree about the split. I was hoping it would be today. Now I am hoping it will be soon.

[shortstopguy12]

I have no Amazon directly, except for some that are tied into some ETF’s. Might be time to buy a share or 2

[finfangfan]

Square dropping quite a bit after announcing it is acquiring Afterpay.

[JMarchand1981]

Originally Posted by finfangfan

Square dropping quite a bit after announcing it is acquiring Afterpay.

Completely normal. Expected if you think about it.

Square would have had to pay a premium on book value to acquire. SQ should drop by that perceived premium. It often provides a good opportunity to open.

[jcardstore]

Originally Posted by JMarchand1981

Completely normal. Expected if you think about it.

Square would have had to pay a premium on book value to acquire. SQ should drop by that perceived premium. It often provides a good opportunity to open.

What do you think presents a better long call opportunity?

SQ or AMZN?

[JMarchand1981]

Originally Posted by jcardstore

What do you think presents a better long call opportunity?

SQ or AMZN?

As of right now? SQ

Most investors couldn’t execute on a long call of Amazon.

Different story if Amzn splits.

[jcardstore]

Originally Posted by JMarchand1981

As of right now? SQ

Most investors couldn’t execute on a long call of Amazon.

Different story if Amzn splits.

Let's say you don't intend to exercise the call.

The 9/3 3600 Calls are ~$21 - pre earnings these were selling for ~$120.

[finfangfan]

Strangely Square ended up opening up 1% to $250.

[finfangfan]

Originally Posted by finfangfan

Strangely Square ended up opening up 1% to $250.

Maybe seeing a bit of a short squeeze now as Square is up 3% to $255.