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Thats assuming people dont start dieing en masse or have reactions. That would be a horrible sell off if the vaccine were suddenly halted
Absolutely...Put that on the 2021 detonation pile aswell with all the others
I also think this Vaccine is going to be a major sell on news. Hearing more and more people are scared to take it.
Yeah calls are cheap right now. Now is the time if yiu lose the premium so be it. Chances of this being below $30 this time in may are not really all that good. Way to much on the plate about to go down the pipe..moratoriums..evictions..the sober realization the economy is wrecked..an obvoius rate hike in the middle of the night.
Stay tuned
What surprised me was how cheap May Calls were from $18-30
That is where I have been buying. They have been filling me below the ask and Friday my cost average hit below the bid for the first time on my 18-20’s. . The Ask was out of reach now. I won’t add. I like my spot.
Ha! That would be fine by me! Lol.
Yeah time will tell. Friday was a taste of how fast this can move up and down. Imagine like you said a sustained runoff a few weeks or months!
try to keep it a secret lmao...volume is very low thank god. Wants traders get a whiff and see market conditions its gonna explode
Im trying really hard not to blast this until the first week of january. I suggest you live accordingly :P
Maybe Me and you gonna have a yacht meet someday
but We got a good little sleeper stock here. When things happen it will be quick on the upside (I dont see more than a 10% downside here given the movement we have had all year)
the price action will continue to be +/-5% from where it is today until probably...ehh...the last week of December and decisions start being made at the governmental levels about what to do with all these people behind on Rent and Mortgage.
Do they continue moratoriums in light of the pandemic or let it all happen. One thing I know for sure the Fed has already told congress its their problem, the Fed is not looking to take any of this on like what they did in 2009 with distressed homeowners.
It will be up to congress and I will say the biggest indicator will be Georgia Run off. If Republicans hang on to a senate seat and keep the senate their will be no more moratoriums. That maybe a catalyst for this ETF
Oh it did back in march out of fear alone (not the actual event..just fear of it)
Imagine pricing in it actually happening.
Forget the moon, this is leaving the milky way
Today could be a true test of how Volatile DRV could be. Would be nice to see a pop to $12.00+ like you said this did hit $40.00 and even $60.00 in the grimmest of fear.
I don’t want to be greedy LOL
This went up $42 is 10 days in march i think your price target is a little low if these moratoriums expire
I agree. I own Feb and May Calls and Calls in the 2x April SRS.
VERY little Decay and can move extremely quick and I feel $10ish was the bottom as well considering how strong the Stock Market has been. Weakness is starting to show itself and in all the Stimulus talks back and forth the only Forbearance that has come up is College Debt that is it. No Mortgage relief so I really do not see it coming up now in the 12 hour.
I would like to see $13.00 before Feb and $20.00+ spike before May.
We will see..your idea is great but lets be honest a market only works if there are buyers. You put millions of houses on the market suddenly the equity turns into an empty bag in less than a week
..I know one thing i will be starting to nibble positions in this starting after some options expire for me on the 18th.
I like this ETF, the decay is extremely minimal and it isnt like FAZ and this is a lottery ticket if that crash does happen after the new year.
I consider the current price channel ($10-13) probably the bottom even if things continue to hobble along
I understand but a lot of that is Rentals.
Think about the amount of people not getting paid that may just rent their own second home or apartment owners who are not getting paid. This also all adds up. It’s not just the big banks. I do not see anyway around it but to just naturally let itself work itself out. To keep piling up more and more debt is not the way to fix this either.
Thats an interesting angle but like i said this could break the back of the country. 20 million vs 3.3 million.
Look how 2008 ruined the real estate industry and now imagine that ×5 and you may literally get revolution in the streets.
Thats roughly 1/10 of every american evicted concentrayed mainly in coastal states like california and new New Jersey
Here is what I just do not get. So you have the housing Market at record levels in terms of buyers pushing the price up and yet you have records amount of people in Forbearance being protecting from foreclosures etc... I know lots of that is apartments and condo rentals as well.
But with a record housing Market why keep protecting people until it’s too late and the Market declines. Why not force them too sell their homes for a profit. A tiny % of Forbearance areas are declining and underwater at the moment but not nearly as much as many of these home values are well above their buyers original price. So this is why I think Forbearance won’t be extended. It just does not make sense too extend it.
Need and probably will get a crash of some sort
DRV Looking good can the momo continue for a few months and break out will be interesting to see.
i disargee
Ill wait a few weeks and evaluate signals from local governments on the issue
At some point they have to let things expire.
Added more May Calls
I totally agree. 20 million facing foreclosure vs 4 million in 2008.
But this sort of crisis could literally break the back of the nation forever. What makes you think they will let moratoriums expire
Im starting to pay more attention to this as most of my neighbors are behind on mortgages
This could be a huge play after christmas
Thoughts?
Added May $19.00 Calls today. DRV
Nice Day for DRV the Housing Market is much worse then the Market is telling you. Post Forbearance shit gonna hit the fan.
Lower then pre pandemic. Last Reverse was in 2019. Interesting opportunity maybe to go long on some Calls. Watching for now.
bot some DRV today...time for a small correction...would like to see last Monday's gap up in the markets get filled sometime next week...
A Yelp study finds that 55% of business closures are closed for good. Real estate Armageddon collapse in the works.
Meanwhile in the incorruptible reality of the real estate market buyers now have the largest choice of homes for sale since the Housing Bust nearly a decade ago. And there is no need to engage in bidding wars or other foolishness. Plenty of supply and a big shortage of buyers.
Out of the day trade. Corrupted Powell markets not going to allow for much more upside
Blackrock now the Fed’s pet project to buy stocks to lift the fake stock markets as needed.
(Source: Federal Reserve's website)
You can see that according to the Exhibit B, this is the power of attorney language for BlackRock to “manage, supervise, and direct the investments” for the Fed’s account. Clearly, the language in Exhibit B says, “transact in any and all stocks, bonds, cash held for investment and other assets.”
Of course Jerome Powell himself has a big tie with BlackRock
Start nibbling some morethe real estate market slowly but surely going through a rippling disaster longer term. Not sure how much stimulus they could offer to keep people paying rent.
The cons of course the Fed has BlackRock keep REIT etfs up by buying them in our fake controlled markets.
"Demand will remain low as new hires, interns and students begin jobs and school remotely, and as many New Yorkers escape the city temporarily or permanently," said StreetEasy economist Nancy Wu. "As inventory piles up due to this lack in demand, even more landlords will need to make rent cuts, and rents will likely drop even further."
The second quarter of 2020 marked the first time since the Great Recession that there was a year-over-year rent price drop in the metro.
More than one-third of New York rentals were discounted during the second quarter as demand continues to slump thanks to the economic effects of the COVID-19 pandemic - including the flood of workers telecommuting instead of vying for limited rental space downtown.
According to Fox Business, rent prices were discounted an average of 6.7% ($221 per month) across 34.7% of New York properties in Q2 - with rents at higher-end apartments experiencing the highest cuts "as wealthy buyers have flocked to the suburbs since March."
Start dabbling here as 32% of U.S. households missed their July housing payments. As the economic fallout from the coronavirus pandemic continues, almost one-third of U.S. households, 32%, have not made their full housing payments for July yet, according to a survey by Apartment List, an online rental platform
Well, I did not see that, meant , it on the year high, but I lied, I buy and sell the percentage,so today I will simply buy the percentage down, 5 percent down, buy 5 shares, up 5 percent sell 5 shares, going to let the percentage guide the way,
I don't get it, why not, everyone says that,,but I treat them just like a stock, but I don't hold those to long, but really do believe , most of these short etf have been trading in a bull market, all I will say, if you have been surfing with a short board here, I would break out something like these, because the sea that you say goes back and forth, will soon look like this
Don't recommend holding 3x funds more then a few days. Usually same day trade or overnight trade 90% less risk. Cut your losses. They go back and forth to much
Nice, I keep adding, do start selling when I get over my average pps, but saving the bulk, for when this goes past All time highs,,,
Out of DRV in the high $13s here will be looking for another DRN entry point.
Low $13 entry for a a quick flip. Could have stayed in DRN longer yesterday but money made. The economy is great again and a big Trump infrastructure program so it is obvious DRN more in play for future
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