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Added a few more in both of my accounts.
Gap fill?
OT: Yep. Pretty unbelievable. Somehow people still vote for these guys even though they obviously don't give a sh*t about them.
Thanks for the chart. Sold my Spy 260 call at 17.46 from 8.50.
Spy calls and puts. Been adding puts on the way up but have calls as a hedge. Today's huge move was a shocker.
Burning premiums...ZZZZZzzzzz
Good resource...
https://coronavirus.jhu.edu/map.html
Anyone know what happened to options? Halted...
One can hope, but the way things are going it's very possible we hit those numbers.
Fauci stated that a few days ago. Trust the experts, not Trump.
https://www.npr.org/sections/coronavirus-live-updates/2020/03/29/823517467/fauci-estimates-that-100-000-to-200-000-americans-could-die-from-the-coronavirus
Algos controlling everything while everyone at home. ;o)
Added more this morning in both accounts. Seems to be getting support around 2. These prices (and anything lower) are a gift to longs.
OT: I don't pray. We need action. I hope numbers stay low.
Be safe and GLTY.
OT: We'll easily be over that. Our response and infection rate has been the worst in the world.
LOL!!!
Doing the same. Totally missed that dip this morning. Been adding around 4.20. Seems to be basing, but a flush under $20 will obviously change that.
People probably taking dead money to put it to better use. I know I've been robbing a lot of my positions to move to more short-term trades. Still keeping a core, but many of my positions have been depleted heavily for this reason. Buying now should be rewarded in the future.
Thanks, Jerry! You, too! I bailed on my call too early and bot a SPY April 250 put at 6.30 yesterday but didn't trust it so I sold for lunch money. Obviously should have kept it.
Just want to unload my spy call then I'm good.
Jerry and the rest of the board - what would you recommend to play moves in oil? I'd normally look at USO but I'm not sure that's the best idea right now. Any help is appreciated!
Good post, Jerry. Set these people straight!
Google is your friend...
https://ragingbull.com/volatile-markets/leveraged-volatility-etns-svxy-uvxy-tvix/
As an aside, I was cought in the "black swan" event that the article mentions. Not a good day for me.
GLTY.
UVXY/SVXY are priced based on VIX futures.
Nice.
OT: What is wrong with Republicans from Kentucky? Paul, Massie and Mcconnell. SMH.
Thanks! Bizarre events for sure.
But do you play one on TV? ;o)
I have no doubt this will all end in a fiery crash. But the motivation of the government in an election year seems pretty high. I'm adding to my UVXY every pop we get, but I'm just not 100% sure we don't somehow rally out of nowhere just because.
The move we saw to recent ATHs was baffling to me. I just can't escape the recent attitude of up no matter what. The market looks for instant gratification so I'm not ruling out anything at this point.
All true. But the FED seems to be willing to throw anything and everything at this because the prez is worried about his re-election. Who knows how much that can prop things up.
Would love to hear from the OGs of the board to hear what their thoughts on earnings are.
TIA!
I'm expecting that. We'll see what happens.
Works for me. Peeling off my UVXY and have a couple april spy 280 calls.
OT: Yes, it'll one day just magically disappear ;o)
Adding on that report...thanks!
OT: Agreed. This administration is doing more to hurt the public than help. Trump questions Cuomo's request for 40k ventilators. How is this real life?!?!?
OT: Love it, Jerry. You're one of the few objective posters out there and it's a breath of fresh air. So many on this forum are die-hard conservatives and bash this and that. I'm glad you post things for what they are and don't take sides. Plus, you're so f*ckin' smart. I'm now reading this board almost exclusively for market direction and timing. Thanks so much for everything you and your board members do!
Do you think this wave might go all the way to SPX 20MA around 2700?
OT: I assume by amazing you mean the toddler was rambling uncontrollably again? LOL!
Thanks, Jerry! Love your posts. It's nice to see you have a sensible attitude about politics as well. Really confused here. Been playing UVXY but didn't expect to keep going up this much. Taking profits as it goes up but if we hit a top I can't rebuy shares lower because it keeps going up. LOL! GLTY!
Ugh, this is my only PM holding not green today.
Someday. Until then, we'll continue to see paper manipulation. I hope miners begin to catch up to physical soon.