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Dominoes posted:Shares will show up in my account overnight. Yeah that much I know, but I don't know how it looks to me if I'm watching the orders for whatever option you traded. I've never executed any options. I've had them assigned, but that happened at expiry so trades don't show up then.
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Aug 11, 2014 17:18
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Storgar posted:I just want to understand this. 1. This is such a broad way of looking at it that it is hard to answer. Holding/Buying depends on a lot of things - how often are you trading, what is your goal for this investment, what does your strategy tell you to do, what does your analysis say, etc. Take the sentiment from what the poster you are replying to said, not the literal words - if you bought a security for price point X thinking it'd go, in say a years time to X+20 or something, but after 6 months you are at X-20, you can't think to yourself "would I buy this stock at X-20" because of course you would if you were still using an analysis that said it'd go to X+20. These time frames and price variables are all garbage btw, but it's the point of it that matters. If you are day trading with any appreciable numbers these decisions will have to be made much quicker obviously. 2. This is essentially the same thing...and unfortunately is much harder to predict especially in volatile times. Unfortunately there is no magic answer and the best people in the world gently caress up when something that they didn't predict happens (especially in a big way), but are you able to adapt to that? Are you hedged at all on your positions? You should be able to weather "bad" things happening relatively well if you are properly diversified and capable mentally of reapplying your analyses and saying "enough is enough". There's no poimt taking a bigger loss on a security that drops precipitously because you refused to reanalyze and say "I hosed up this one" or "My analysis is faulty" or even "things just didn't work out". There was a scene on that british show million dollar traders where there was an IT guy trading, and he had a large position on some stock or other losing money at a pretty decent rate, and the guy that was managing him asked what he was going to do. When he said "wait an hour and see where I am" the manager lost his poo poo because "if you're going to sell in an hour, sell it now". I think the principle is just like that.. it's best to be actively evaluating what you are doing if you're "trading" over "investing". The latter is a bit of a different beast because, again, the timeframe variable but it's still there.. there is just no value staying in something that is losing money because of a glimmer of hope that it might make a comeback.
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Aug 12, 2014 15:23
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Seems like a comical overreaction to KING's earnings in after hours. Picked up 600 shares @ 14.25. Good luck to me. A share price of $14 values the company at $4.5b if I'm doing my math right: they have $800m in cash, very low expenses, and are generating $150m per quarter in free cash flow. Will probably buy options again in KING if this opens tomorrow around 14. Of course the rejoinder to KING is ZNGA. The two companies aren't really anything alike: Zynga has 3x as many employees with 1/3rd of the revenue, games that annoy the poo poo out of people, and low mobile presence.
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Aug 12, 2014 21:32
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DEMAG posted:You rich $MNKD sons of bitches! ... and it's gone! I got slaughtered on KNDI. Still holding though.
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Aug 12, 2014 21:37
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lol internet. posted:... and it's gone! I'm not optimistic about last week being the bottom in the markets. The last few pullbacks have been bought with major conviction to squeeze anyone being overly short and after Friday, we've had two days where momentum stalled at a 50% retracement from the July high to last Thursday's low. It could be people hesitant to buy the dip this time, setting up a bull trap, August being vacation month for the market, or still too many international tensions like Putin's adventures that could turn a headline into a selloff catalyst.  and we get a short squeeze breakout the day after I gave that outlook.
Acquilae fucked around with this message at 16:11 on Aug 13, 2014 |
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Aug 13, 2014 03:38
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I am pretty sure if I ONLY traded AMZN I would be just fine. I got some calls yesterday, and bam... credit card reader story. I love AMZN. 
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Aug 13, 2014 12:33
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lol internet. posted:... and it's gone! I got slaughtered on KNDI. Still holding though. Yeah, that was surprising. Started dropping right after the bell. Profit takers maybe?
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Aug 13, 2014 13:48
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ayekappy posted:I am pretty sure if I ONLY traded AMZN I would be just fine. I got some calls yesterday, and bam... credit card reader story. I love AMZN.  I hope your good fortune continues. I don't trade options and I'm cashed out once again. What % gains do you see where the stock itself only shifts ~3%?
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Aug 13, 2014 15:09
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LLCoolJD posted:
This one I had bought the 330's at .30 and sold at 3.00, so 1000% 
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Aug 13, 2014 16:28
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Sea World is performing like a beached whale today. Edit: made a few $ on the dip. Thanks, Sea World. LLCoolJD fucked around with this message at 00:36 on Aug 14, 2014 |
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Aug 13, 2014 17:55
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Can't wait to see where these open today, I only feel a little bit bad for the bagholders buying at 26 while all the big money was scrambling for the exits
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Aug 14, 2014 11:21
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Leviathan posted:Can't wait to see where these open today, I only feel a little bit bad for the bagholders buying at 26 while all the big money was scrambling for the exits Noice
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Aug 14, 2014 12:23
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http://www.dailytech.com/Microsoft+Manager+Convicted+of+Insider+Trading+Hopes+Prison+Will+Remove+Greed+from+His+Heart/article36375.htm This guy earned time in a federal prison for the most boring of reasons. Not hookers. Not blow. Private school tuition. (Don't read the comments if you value your brain cells.)
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Aug 14, 2014 18:16
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LLCoolJD posted:http://www.dailytech.com/Microsoft+Manager+Convicted+of+Insider+Trading+Hopes+Prison+Will+Remove+Greed+from+His+Heart/article36375.htm Honestly, I'm always impressed by the ability of the SEC to catch folks like this. I'd imagine there's a lot to sift through to find people breaking rules.
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Aug 14, 2014 21:31
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LLCoolJD posted:http://www.dailytech.com/Microsoft+Manager+Convicted+of+Insider+Trading+Hopes+Prison+Will+Remove+Greed+from+His+Heart/article36375.htm Pretty hilarious that they had an intricate plan and then he confesses to it immediately. Unless they already had Stokke dead to rights or something, I don't see how they could make the connection between him and the day trader if they used burners and cash. There must have been some other form of communication that they used and that the FBI was monitoring.
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Aug 14, 2014 22:09
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Arkane posted:Pretty hilarious that they had an intricate plan and then he confesses to it immediately. Unless they already had Stokke dead to rights or something, I don't see how they could make the connection between him and the day trader if they used burners and cash. There must have been some other form of communication that they used and that the FBI was monitoring. The dude's probably also never done anything illegal in his life so the prospect of getting in trouble outweighed sensibility, I guess. Well the most sensible thing to do would be not to insider trade in the first place, but you know.
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Aug 14, 2014 22:10
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So who wants a sweet option bet.  BAC oct 16 call at .25c or how about the feb 2015 18 call at .23c http://www.finviz.com/quote.ashx?t=BAC&ty=c&ta=1&p=d
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Aug 15, 2014 03:00
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LLCoolJD posted:http://www.dailytech.com/Microsoft+Manager+Convicted+of+Insider+Trading+Hopes+Prison+Will+Remove+Greed+from+His+Heart/article36375.htm Is there something behind the whining about how members of congress are allowed to insider trade, or is that just complete bullshit?
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Aug 15, 2014 04:34
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I have the largest long position on EBIX currently, and I feel like I should be more worried than I am that I'm so exposed to a single stock, but I just don't see how it's not valued at 50% more than what it's currently trading at. Other than a ridiculous short %. But they just got $200M in financing, which is 40% of their market cap. And they're using over half on buy backs. So let's get this short squeeze started. I NEVER buy call options, but I picked up December $15 calls because I cannot stomach any more capital in one source.
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Aug 15, 2014 04:35
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DancingMachine posted:Is there something behind the whining about how members of congress are allowed to insider trade, or is that just complete bullshit? http://www.npr.org/blogs/itsallpolitics/2013/04/16/177496734/how-congress-quietly-overhauled-its-insider-trading-law
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Aug 15, 2014 04:51
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What a fun day, caught an /ES short on the way down and rode it to cover about 1pt from the bottom. Also bulls are crazy with how far they bought back the markets.
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Aug 15, 2014 19:53
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 Oh, you mean like the already announced Sept 9 iPhone event?  
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Aug 15, 2014 21:37
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So Apple's closed above 100 the past two days. This is equivalent to the pre-split days when it hit 700 but I'm hearing a lot fewer people call it crazy overvalued these days. Maybe they're just subsumed into the much bearish overall sentiment though. I'm still actually kinda bullish; they're barely above a 16 PE and the watch will probably sell gangbusters whenever they get around to releasing it. I'm definitely going to tighten my stops though.
Shear Modulus fucked around with this message at 22:36 on Aug 19, 2014 |
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Aug 19, 2014 22:26
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I should have held all my jan 2015 100 QQQ calls, I only have 5 left 
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Aug 19, 2014 22:53
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Shear Modulus posted:So Apple's closed above 100 the past two days. This is equivalent to the pre-split days when it hit 700 but I'm hearing a lot fewer people call it crazy overvalued these days. Maybe they're just subsumed into the much bearish overall sentiment though. I'm still actually kinda bullish; they're barely above a 16 PE and the watch will probably sell gangbusters whenever they get around to releasing it. I'm definitely going to tighten my stops though. Really.
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Aug 20, 2014 00:12
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Josh Lyman posted:It's because 700 is scarier than 100 to retail investors and allows talking heads to go crazy. I tried explaining that 7 shares at $100 is the same drat thing as 1 share at $100 dollars to a guy at work the other day, and he just would not accept that they are the same. To him, 7x100 is cheaper than 1x700 and he just would not be convinced otherwise. Some people are beyond help.
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Aug 20, 2014 00:25
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If you only have $100, you can buy a $100 stock but not a $700 stock. That's the extreme case, but it can matter if you have a very small amount of money to invest, because you can buy more whole shares with less remainder. Not that you should, because if you can only put like $1000 into your stock buying account you are going to be eaten alive by trading fees anyway.
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Aug 20, 2014 00:28
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The only legitimate thing I can think of that a lower stock price helps with is selling covered calls. It's really hard to fucks with a $700 stock in that way.
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Aug 20, 2014 00:41
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What about when the stock changes? If you have 7 shares of $100 stock, you see a bigger change than if you had a 1 share of $700 stock?
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Aug 20, 2014 01:19
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Storgar posted:What about when the stock changes? If you have 7 shares of $100 stock, you see a bigger change than if you had a 1 share of $700 stock? No. If the stock appreciates 5%, you gain 5% on $700 either way. If it drops 10% you lose 10% on $700 either way.
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Aug 20, 2014 01:21
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I like options on bigger ones because I can generally get an option needing a 4% move on $300-$600 for about $40-$50 which is pretty good for me.
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Aug 20, 2014 01:25
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My accounting professor explained that back in the day when everyone had to use brokers, trading the round lot(100 shares) was always used and brokerages would charge more commissions when a price of a stock went into high prices, due to it being harder to trade which is why companies would split every time they approached triple digits. Then came two things: electronic exchanges and Google. Google created the sentiment towards the triple-digit stock price as a sort of a status symbol and the electronic exchanges made combining buy/sell orders extremely fast so multiple orders of stocks could be traded effortlessly.
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Aug 20, 2014 01:27
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Acquilae posted:My accounting professor explained that back in the day when everyone had to use brokers, trading the round lot(100 shares) was always used and brokerages would charge more commissions when a price of a stock went into high prices, due to it being harder to trade which is why companies would split every time they approached triple digits. Then came two things: electronic exchanges and Google. Google created the sentiment towards the triple-digit stock price as a sort of a status symbol and the electronic exchanges made combining buy/sell orders extremely fast so multiple orders of stocks could be traded effortlessly.
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Aug 20, 2014 01:35
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Shear Modulus posted:So Apple's closed above 100 the past two days. This is equivalent to the pre-split days when it hit 700 but I'm hearing a lot fewer people call it crazy overvalued these days. Maybe they're just subsumed into the much bearish overall sentiment though. I'm still actually kinda bullish; they're barely above a 16 PE and the watch will probably sell gangbusters whenever they get around to releasing it. I'm definitely going to tighten my stops though. With every dollar that Apple's share price increases, the market expectations for growth increases. When your valuation gets to extremely high levels (i.e. $600 billion), the growth needed to meet those expectations becomes much higher. The cash flows needed to meet 10% growth on a $100 billion company is a lot less than the cash flows required for a $600 billion. At some point you reach a threshold where an individual company cannot continue to grow sales due to the limitations of their sector (or the economy). In other words, the bigger the valuation, the higher the bar and (in my opinion) the more downside potential. Anyone who has played Apple earnings before knows what this means.
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Aug 20, 2014 02:21
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The question is how to position yourself ahead of the Sep 9 event. If there's no iWatch or only a 4.7" phone and no 5.5" version, will the sell programs kick in?
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Aug 20, 2014 04:07
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Josh Lyman posted:Google IPOed in 2004 which is hardly back in the day, and ECNs predate that by decades. Josh Lyman posted:The question is how to position yourself ahead of the Sep 9 event. If there's no iWatch or only a 4.7" phone and no 5.5" version, will the sell programs kick in?
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Aug 20, 2014 04:55
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ayekappy posted:I like options on bigger ones because I can generally get an option needing a 4% move on $300-$600 for about $40-$50 which is pretty good for me. You're buying calls though. I'm writing covered calls, so I need to have 100x the stock price in capital, and I don't have $70,000 for 100 shares of a $700 stock!
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Aug 21, 2014 01:01
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District Selectman posted:You're buying calls though. I'm writing covered calls, so I need to have 100x the stock price in capital, and I don't have $70,000 for 100 shares of a $700 stock! Oh yeah I can definitely see that for writing... and they'd be downright terrifying for outright selling with that infinite liability and how much $ moves each %. Eek.
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Aug 21, 2014 01:42
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District Selectman posted:You're buying calls though. I'm writing covered calls, so I need to have 100x the stock price in capital, and I don't have $70,000 for 100 shares of a $700 stock! This was basically the entire motivation for starting to offer Mini options. Which are still available on AAPL; so now you can sell covered calls with about $1000 of capital tied up.
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Aug 21, 2014 14:31
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Is Interactive Brokers any good?
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Aug 22, 2014 02:56
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