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Combat Pretzel posted:Why's everything red this time? One factor is that Japan's Nikkei had a big run recently and people are pulling out of it. They had a bad trading day yesterday (overnight, to us), which probably hurt U.S. markets a bit.
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Nov 15, 2017 18:31
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Combat Pretzel posted:Why's everything red this time? It's a fire! Sale!
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Nov 15, 2017 18:40
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Yea, just about everything of ETF and other funds I have is taking a dive. Goddamnit! 
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Nov 15, 2017 21:46
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I'd like to see a nice steep discount, thanks.
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Nov 15, 2017 22:58
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My portfolio is being discounted. No thanks.
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Nov 15, 2017 23:02
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AngryBooch posted:GE is going to stop making light bulbs. That would explain all the red candles.
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Nov 16, 2017 02:05
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I've got Square Inc. stock that's crushing it but it feels like it's becoming the new hype stock that a bunch of dummies are latching onto. Love the company and their product, but hate the way the stock is behaving. Hypefest 2018 type poo poo. Don't break the bloody ship, asswads. Go to TSLA or something.
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Nov 16, 2017 03:57
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It’s the time of year to buy puts and lock in profits
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Nov 16, 2017 05:00
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paternity suitor posted:It’s the time of year to buy puts and lock in profits melon cat fucked around with this message at 05:53 on Nov 16, 2017 |
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Nov 16, 2017 05:42
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melon cat posted:I've got Square Inc. stock that's crushing it but it feels like it's becoming the new hype stock that a bunch of dummies are latching onto. Love the company and their product, but hate the way the stock is behaving. Hypefest 2018 type poo poo. I'm in the same boat. My cost is around $16 per share and now I feel like it's super over-valued. It's hard to sell your best performing stock.
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Nov 16, 2017 06:05
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Kal Torak posted:I'm in the same boat. My cost is around $16 per share and now I feel like it's super over-valued. It's hard to sell your best performing stock. You could always play it safe and sell off your cost basis or just take the profit and let it ride.
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Nov 16, 2017 06:12
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melon cat posted:Probably right, but I know nothing about how they work. Time to research this whole thing. Nothing crazy. Puts allow you to sell for the put value. You pay for the right to lock in some price. If the price goes up they expire worthless. I want to sell some poo poo today, but I don't want to pay taxes on them this year, I want to defer those taxes until next year. So I buy some puts (and I also sell calls). Dec 31 I sell my puts for a loss (hopefully) book that this year, then Jan 1 I sell my shares and pay taxes in 2018.
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Nov 16, 2017 06:22
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BOught a bunch of pennies
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Nov 16, 2017 06:25
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paternity suitor posted:Nothing crazy. Puts allow you to sell for the put value. You pay for the right to lock in some price. If the price goes up they expire worthless. I want to sell some poo poo today, but I don't want to pay taxes on them this year, I want to defer those taxes until next year. So I buy some puts (and I also sell calls). Dec 31 I sell my puts for a loss (hopefully) book that this year, then Jan 1 I sell my shares and pay taxes in 2018. Also, my trading platform is asking if I want to and "Buy to Open", "Buy to Close", "Sell to Close", or Sell to Open" or "Sell to Open Covered". I tried researching what this meant online and got then got a headache. Tried reading it a second time, but then got a migraine.  But, here's my crack at it: since I'd be buying a Put, I would 'Buy to Open', correct? Sorry to turn this into a Babby's First Options Trade conversation. I really just want to understand this part of Kal Torak posted:I'm in the same boat. My cost is around $16 per share and now I feel like it's super over-valued. It's hard to sell your best performing stock. melon cat fucked around with this message at 08:39 on Nov 16, 2017 |
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Nov 16, 2017 08:26
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vaginal facsimile posted:BOught a bunch of pennies Did you know copper pennies are worth more then a penny of copper? Sort them out and trade the other ones in for more pennies.
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Nov 16, 2017 13:28
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melon cat posted:I think I understand. So if I think SQ will slide (and I do), I'd Buy Puts with a strike price of $40. So if the SQ goes down to $20, I can exercise my strike price and sell at $40. But if SQ goes up, I can just eat the tiny cost of buying the Put and not sell my shares. Am I understanding that right? Bingo Bango on the first part. Buying puts means you think the price will go down. Your downside is only limited to the price of the puts. Worst case they expire worthless. If you buy a $40 strike put and the price drops to $20, then the puts will be worth at least $20, because you have the right to sell at $40 and you can just purchase the stock for the market value of $20. Buy to Open means that you're opening a new position. If you currently don't own any options, you're opening a position. When you sell, you're closing. So if you buy to open something, later you will sell to close it. Sell to open is the same, but instead you're selling someone else the contract, so you own negative shares. It will show -5 shares in your account if you sell 5 options to open. When you close this position, you would have to buy to close, because you need to buy 5 shares to get back to 0. Think real hard about selling. You *should* always be selling covered. Covered means that you own the underlying shares. So if you sell 5 call options, you should have 500 shares of the company. If you don't, your potential loss is unlimited.
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Nov 16, 2017 15:03
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melon cat posted:I think I understand. So if I think SQ will slide (and I do), I'd Buy Puts with a strike price of $40. So if the SQ goes down to $20, I can exercise my strike price and sell at $40. But if SQ goes up, I can just eat the tiny cost of buying the Put and not sell my shares. Am I understanding that right? You could also consider selling calls at a higher strike price. This allows you to collect some premium if it goes down or stays the same, while still participating in *some* of the upside if there is still some left. This is what I am considering. I would rather sell premium than buy it. melon cat posted:Yeah I feel ya. And holy poo poo $16/share? Good for you. Actually closer to $17. It's not like I bought it that long ago - it was only in April. And I only bought a half position hoping to buy the other half lower but never got the chance...oh well, I'm not complaining. 
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Nov 16, 2017 15:48
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You ready for the dump after the pump 
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Nov 16, 2017 15:58
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Kal Torak posted:Actually closer to $17. It's not like I bought it that long ago - it was only in April. And I only bought a half position hoping to buy the other half lower but never got the chance...oh well, I'm not complaining.
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Nov 16, 2017 15:59
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Risky Bisquick posted:You ready for the dump after the pump
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Nov 16, 2017 16:00
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Square is different in the sense they have a predatory business model that issues loans to small businesses that ensnare them into their ecosystem to pay off said loan. That is the growth sector for their business. ROKU sells ... cheap hardware? SNAP burns cash. If you're long on look into micro caps on the CVE that have licenses from health canada to sell and get ready for the M&A
Risky Bisquick fucked around with this message at 16:04 on Nov 16, 2017 |
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Nov 16, 2017 16:02
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Solice Kirsk posted:That would explain all the red candles. Not letting this get buried. 
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Nov 16, 2017 16:43
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XBenedict posted:Not letting this get buried. Freed up some cash to throw a half position at SFIX's IPO tomorrow.
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Nov 16, 2017 16:55
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paternity suitor posted:Bingo Bango on the first part. Buying puts means you think the price will go down. Your downside is only limited to the price of the puts. Worst case they expire worthless. If you buy a $40 strike put and the price drops to $20, then the puts will be worth at least $20, because you have the right to sell at $40 and you can just purchase the stock for the market value of $20. I think I understand, and thanks for typing all of that out. So, let's say I Buy Puts with a $40 strike. Then SQ goes down to $20. Obviously I'd want to cash in on my right to sell for $40. At that point, I'd "Sell To Close". Is that right? My only confusion at this point is how to exercise/use my options if SQ slides. My worst nightmare is Buying Puts and holding my hands out all like, "how do I shot web" once I'm ready to use it. Kal Torak posted:You could also consider selling calls at a higher strike price. This allows you to collect some premium if it goes down or stays the same, while still participating in *some* of the upside if there is still some left. Josh Lyman posted:Things like this make me wonder if I've squandered my entire investing life by not simply buying midsize tech companies when they IPO'ed.
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Nov 16, 2017 16:58
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melon cat posted:I think I understand, and thanks for typing all of that out. So, let's say I https://www.youtube.com/watch?v=MiybniIIvx0&t=5s Just go on youtube and search options trading and watch an hour or two of videos e: namaste nasdaq deities for today
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Nov 16, 2017 17:00
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I just sold some NTDOY that I had bought back after it dipped ~10% after earnings. As much as I think that Nintendo will sell a lot over the holidays, we saw earlier this week how an overheated Nikkei can drag it down. Plus, with a potentially bad (for the market) tax bill vote looming it was too drat volatile for my liking. Just look at the violent movement this week. Now that I'm out of it, watch either a China console sales announcement or some kind of acquisition by a big fish like Apple get announced... Also, SQ longs don't really have a problem here other than my envy for their good decision to buy last year.
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Nov 16, 2017 17:05
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melon cat posted:I think I understand, and thanks for typing all of that out. So, let's say I Buy Puts with a $40 strike. Then SQ goes down to $20. Dude. Don’t buy puts. Just sell your position if you are that worried
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Nov 16, 2017 17:18
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fougera posted:Dude. Don’t buy puts. Just sell your position if you are that worried This is bad advice. I'll try to provide better advice: Do you think SQ is overpriced? If so, sell. If not: How much of your position could you stand to lose? You may want to buy puts at that strike, if you think that SQ still has room for growth. The puts will protect you against further losses in the event SQ drops. However they'll likely end up worthless at the time of expiry, so you're likely flushing the premium down the toilet to buy those puts. Also: Higher strike prices cost more. Strike 40 puts cost more than strike 35 puts. Longer expiries cost more. Expiring in December 2018 costs more than expiring in December 2017. Keep track of your profit on the open SQ position and how much you've spent in premium on options. Never let your options insurance start to overtake your profitable position, and close the whole position while you're a head if it starts heading in that direction.
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Nov 16, 2017 18:21
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fougera posted:Dude. Don’t buy puts. Just sell your position if you are that worried Especially late in the year like now, someone in that guy's situation might want to buy puts because he is worried about the stock being overvalued but doesn't want to realize a large capital gain until next year. So January puts could be a perfect tool to use.
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Nov 16, 2017 18:23
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Does he even own 100 shares? Did anyone ask about his tax situation? And what’s wrong with paying taxes on gains anyway? And lol stop it with the risk management. It costs less to just reduce your position.
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Nov 16, 2017 18:48
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Yeah buying puts for tax purposes was the initial thing I posted about. It’s a great tool and it gives you flexibility and also lets you maybe wait until you hit LTG if that’s a thing for you. Don’t buy and sell with no regard for taxes cmon man!
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Nov 16, 2017 19:36
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They might be trading in a roth
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Nov 16, 2017 19:49
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Yeah let's just run Wal-Mart right up. Possibly the most predictable growth trajectory in the whole market and let's run it up to like a 22 FORWARD p/e. Why not, they're selling things on the internet now. That's like, worth more.
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Nov 16, 2017 20:00
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Everything's green today because the tax bill is definitely getting signed by Donny by Xmas, amiright guys???
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Nov 16, 2017 20:25
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Xtronoc posted:Everything's green today because the tax bill is definitely getting signed by Donny by Xmas, amiright guys??? Good Cisco earnings also helping old tech companies
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Nov 16, 2017 20:34
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greasyhands posted:Yeah let's just run Wal-Mart right up. Possibly the most predictable growth trajectory in the whole market and let's run it up to like a 22 FORWARD p/e. Why not, they're selling things on the internet now. That's like, worth more.
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Nov 16, 2017 20:39
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Xtronoc posted:Everything's green today because the tax bill is definitely getting signed by Donny by Xmas, amiright guys??? I know you are being sarcastic but this thing is dead in the Senate with about 90% certainty. The house was never in doubt.
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Nov 16, 2017 20:51
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greasyhands posted:I know you are being sarcastic but this thing is dead in the Senate with about 90% certainty. The house was never in doubt. We pay some consultants to give us round the clock updates (not my decision), but they sound more and more optimistic. I’m very confused by the whole thing
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Nov 16, 2017 21:01
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fougera posted:We pay some consultants to give us round the clock updates (not my decision), but they sound more and more optimistic. I’m very confused by the whole thing (if they don't sound optimistic then your company sees less reason to keep them around.) (consultants are scum)
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Nov 16, 2017 21:03
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greasyhands posted:I know you are being sarcastic but this thing is dead in the Senate with about 90% certainty. The house was never in doubt. Yup. It's 52 GOP to 48 Democrats in the Senate. I would consider McCain a likely defector and who knows who else might bail on it over the state tax issue, or over the budget deficits it necessarily produces.
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Nov 16, 2017 22:05
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