Trump called Powell either stupid or dumb this morning and constantly calls him names which is very childish. It also closes any opening the fed might have to lower rates because then it'll look like the "independent" fed caved to the President. As I've said before, I'm glad I voted for Trump but with the good comes his dumbassery too, which was on full display this morning.EnronAg said:can you elaborate?!?ProgN said:
Here's the selloff but Trump brought in on himself.
Stock Markets
34,602,606 Views |
258193 Replies |
Last: 3 min ago by Brian Earl Spilner
jeez, CRCL is insane...I wanna short it so bad, but premiums are absolutely jacked to buy...and don't know another way to responsibly short without buying puts...Yukon Cornelius said:
CRCL continues it climb likely on the news the rates remain the same.
It's been nuts. I closed my cc earlier at breakeven. Just sold another call for 210 that expires in July. At some point this has to chill. And ultimately if my option gets executed I'll gladly take the 110% win and sell a put with the cash to re-accumulate.
Long term over the course of this year I'll be accumulating both CRCL and JPmorgan.
Long term over the course of this year I'll be accumulating both CRCL and JPmorgan.
What do you mean by this? What defines 'permissionless' in this universe?Yukon Cornelius said:
Would depend how you have stable coins. This is the point is its permission-less. Meaning banks can't say to you no.
Tether is the world's most popular stablecoin and is not permissionless, and still only a few institutions allow transactions using the vehicle. (eta: and if you want to convert back to USD, you can only do so through tether's platform)
it just got weekly options today and blew thru EVERY strike 
LOLOL
LOLOL
You can go create a digital wallet. Buy USDC. Transfer the USDC to said wallet. (And whether it's on the sol or ethereum blockchain have a little bit of those native tokens for transaction fees). You can then transact that USDC in real time near instantaneously without any approval from anyone else. It's permissionless. Meaning you don't need any permission to transact with it.
Ya. It's been wild. Got a hefty premium for a strike of 210 expiration in July.
It's hard to attack stocks like this. Sometimes I buy decently far OTM puts and wait for a dip to sell a further OTM put for a net free put spread. Seeing runners like this is a canary in the coal mine for me. I'm just waiting for the meme coin and/or penny stock push to cash out and go a bit more defensive.
What are the thoughts on BRK.B? Looks like it's only continued to slide since the big drop and everyone was buying the dip? Are y'all continuing to DCA more and more or has that limit been reached already?
Trading BRKB is a good way to lose money. Parking money there long term ( > 4 years) has always been a sure way to make good money and that is not likely to change unless the whole market becomes a cash shredder in which case it probably won't matter where your money was parked. Only exception to that really is the 08-09 banking crisis. But look at most other things around then.
TheMemeGuy said:Ragoo said:the bestMRB10 said:
Seems to be more consistent than HA and 30k. Not quite OA territory though.
GOAT
Can you post a link? I usually don't get on reddit. Thanks.
I've sold several CC's at a loss but then sold a different strike at a higher premium to bump it out. So far, i'm down about $3000 in actual losses, but my first cc was at $120 and i'm currently sitting on a $200 strike with a $100 cost basis in the stock. I'll take it if i get called.Yukon Cornelius said:
It's been nuts. I closed my cc earlier at breakeven. Just sold another call for 210 that expires in July. At some point this has to chill. And ultimately if my option gets executed I'll gladly take the 110% win and sell a put with the cash to re-accumulate.
Long term over the course of this year I'll be accumulating both CRCL and JPmorgan.
Similar situation. Figure either way is a win. What's your expiration?
7/18
Same. lol the after hours is above our strike price
at some point i'm just going to have to be happy with a profit!Yukon Cornelius said:
Same. lol the after hours is above our strike price
(oh...and i bought all my shares on margin, so it's not even real money!!)
Disclaimer: I'm not in anyway equating CRCL to BYND in any way, just highlighting potential risks.
Look at what BYND did after it IPO'd in late 2019. You can go back in this thread and see several of us olds back then wondering what time and strike of puts to buy because when the excitement evaporates, it falls. Pullup the chart from when it went public to now. CRCL is not BYND, but just know that when this excitement normalizes, so will it's stock price and drop considerably.
Look at what BYND did after it IPO'd in late 2019. You can go back in this thread and see several of us olds back then wondering what time and strike of puts to buy because when the excitement evaporates, it falls. Pullup the chart from when it went public to now. CRCL is not BYND, but just know that when this excitement normalizes, so will it's stock price and drop considerably.
OK gang for those of you that have been contemplating and doing your own DD for a LULU play, it's getting real close for me. Someone asked me a week or so ago when it neared $250 because that was my initial target but I posted to wait because it'd go lower and it has. Now it's moved into my action area. I'm looking for it to break below it's 52 wk low and then I'll be going in. It's still a high priced stock and I don't want to tie that much money up for an extended time, then I'm going with the calls listed below. The price is of closing today, so when it sets a new 52 wk low, the calls might be even cheaper.
LULU Jan 16 $300c @ $11.25 (I'd love near $10 or less but don't want to split hairs)
LULU Jan 16 $310c @ $ 9.50 (or less)
LULU is now extremely oversold and offers a great opportunity in our favor for big profits with minimal risk. There are no absolutes or guarantees so don't mortgage the house and go balls deep but the risk/reward is in our favor.
Like always, take the time to do your own DD and make the best decision for you and your family. I will post when I go into the positions above as always.
Goodnight fam,
Prog
LULU Jan 16 $300c @ $11.25 (I'd love near $10 or less but don't want to split hairs)
LULU Jan 16 $310c @ $ 9.50 (or less)
LULU is now extremely oversold and offers a great opportunity in our favor for big profits with minimal risk. There are no absolutes or guarantees so don't mortgage the house and go balls deep but the risk/reward is in our favor.
Like always, take the time to do your own DD and make the best decision for you and your family. I will post when I go into the positions above as always.
Goodnight fam,
Prog
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
8,723
How long do you want to ignore this user?
AG
Darvas box or just a channel. If you really believe in the company just use the oa method of building a net free position with the swings. Buy shares at support, sell enough shares at resistance to get your capital back, keep remaining shares "house money", rinse and repeat. Pretend those house money shares don't exist so you're not tempted to sell themjamey said:jamey said:
Im kinda liking POWL roller coaster between the 170s to the 190s
If it touches the upper 160s again im buying some long term keeper shares this time
And here we go again, buying POWL on the downslope
Im sure buying and selling stocks that are range bound like POWL has a name but I dont know it. I only participate in whatever this is called when Im fine being stuck with shares eventually and thats really my ultimate hope long term.
My problem is sometimes I'll get too tempted to take the 10% profit and leave myself with none when the stock finally breaks past the range
If it tanks below the upper 160 range, I'll probably just buy more
a few months ago i finally created a seperate account to transfer netfree shares so i truly forget about it. Some swings you can get quick returns on depending on the stock. I am up to about $9k in netfree holdings. Removes the temptation of selling if its not in my main trading account.
Have as much as 125 shares of a stock and as little as 10 haha. But I have learned quickly it adds up and compounds. Just stay disciplined.
Have as much as 125 shares of a stock and as little as 10 haha. But I have learned quickly it adds up and compounds. Just stay disciplined.
bmoochie said:
a few months ago i finally created a seperate account to transfer netfree shares so i truly forget about it. Some swings you can get quick returns on depending on the stock. I am up to about $9k in netfree holdings. Removes the temptation of selling if its not in my main trading account.
Have as much as 125 shares of a stock and as little as 10 haha. But I have learned quickly it adds up and compounds. Just stay disciplined.
I like this idea….good job
Perfect timing. I've been buying/selling INOD over and over again. Can't decide between keeping net free shares vs re-allocating the full amount to the next swing. I think I need to keep some net free and transfer them so I can't see the fluctuations.
damn we can only make money from our jobs tomorrow
Forgot the markets are closed today. Enjoy the day off everyone
Making money on Juneteenth. How dare you. You should be reflecting on such an important day that didn't matter to 99% of the US until 2020.EliteZags said:
damn we can only make money from our jobs tomorrow
just happy our federal govt is off and not screwing up our country for one day...Heineken-Ashi said:Making money on Juneteenth. How dare you. You should be reflecting on such an important day that didn't matter to 99% of the US until 2020.EliteZags said:
damn we can only make money from our jobs tomorrow
thanks, I won'tBucketofBalls99 said:
Forgot the markets are closed today. Enjoy the day off everyone
In 2025, it still doesn't matter to 99% of the US.Heineken-Ashi said:Making money on Juneteenth. How dare you. You should be reflecting on such an important day that didn't matter to 99% of the US until 2020.EliteZags said:
damn we can only make money from our jobs tomorrow
EnronAg said:just happy our federal govt is off and not screwing up our country for one day...Heineken-Ashi said:Making money on Juneteenth. How dare you. You should be reflecting on such an important day that didn't matter to 99% of the US until 2020.EliteZags said:
damn we can only make money from our jobs tomorrow
Two days. They're taking Friday off too in DC.
The left cannot kill the Spirit of Charlie Kirk.
Work days without stonks.
FIFYBrian Earl Spilner said:
Work dayswithout stonks.
Will use the off day to give my PSA to those of you who have brokerage accounts that don't require anything too advanced and can go a few days without trading -- just like new credit cards and bank accounts offer bonuses, so do brokerage accounts.
I'm not a huge fan of SOFI's platform, but they offered 1% bonus to move my holdings over to them for what will wind up being less than 9 months (transfer made mid-April, money has to stay in account through Dec 31).
Similar bonuses pop up from time to time. Simple ACAT transfer between two brokerages can get you 1% or more (which if you have a sizeable brokerage account can be some big bucks). In January I'll see what Schwab, Merrill, etc... are willing to offer for my money. Rinse, repeat.
I'm not a huge fan of SOFI's platform, but they offered 1% bonus to move my holdings over to them for what will wind up being less than 9 months (transfer made mid-April, money has to stay in account through Dec 31).
Similar bonuses pop up from time to time. Simple ACAT transfer between two brokerages can get you 1% or more (which if you have a sizeable brokerage account can be some big bucks). In January I'll see what Schwab, Merrill, etc... are willing to offer for my money. Rinse, repeat.
I've seen these but have always been skeptical. Are there any other fees that kinda wipe some of the 1% away? Does all cost basis information transfer correctly? Any issues that you've seen that you can relay back thus far?
Featured Stories
See All
42:21
20h ago
5.3k
13:12
15h ago
1.3k
Baseball Thoughts: Confidence flows as A&M rolls LSU
by Ryan Brauninger
16:33
21h ago
4.1k
Red Stick dominance moves A&M to No. 7 in D1Baseball top 25
by Richard Zane