Money Investing megathread extravaganza - Page 394

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**Buehler445** · 08-26-2020, 08:53 AM

Quote:

Originally Posted by scho63

Somewhat shocking but I know that the fear for the Wall Street old timers is that the Dow Jones is the Dinosaur and Nasdaq is the top dog for headlines and growth.

They want stocks that can rise, not some stodgy piece of junk like Ford that stays at $6-9 for 25 years or GE that goes from $60 to $6 in the blink of an eye.

Dow Jones needs winners.......

I think if oil bounces back Exxon will be back.

Quote:

Originally Posted by scho63

Started as Standard Oil of New Jersey by John D Rockefeller
Changed to Esso (Tiger logo just like Tony the Tiger)
Changed to Exxon
Merged with Mobil
Became Exxon Mobil
Back to Exxon
Kicked out of the Dow......

There it is in a nutshell.

Wasn’t Mobil a standard oil company that got split off in the antitrust suit?

**Buehler445** · 08-26-2020, 08:55 AM

Quote:

Originally Posted by chiefforlife

So what does that mean for the stock itself? XOM

That’s an interesting question. Do the Dow ETFsimmediately simp the stock? If so the ****er might go negative.

scho63 · 08-27-2020, 02:06 AM

Quote:

Originally Posted by Buehler445

I think if oil bounces back Exxon will be back.

Wasn’t Mobil a standard oil company that got split off in the antitrust suit?

Yes, from Standard Oil! Pretty ironic huh? Split about 100 years ago only to be gobbled back up.

They broke up his company into like 40 different companies. One of, if not the the largest breakups of a corporation in history.

ATT only went into like (9) Baby Bells

ChiliConCarnage · 08-27-2020, 05:37 AM

Quote:

Originally Posted by Buehler445

That’s an interesting question. Do the Dow ETFsimmediately simp the stock? If so the ****er might go negative.

The stocks joining were up 2-3% after hours the night of the announcement and the ones leaving the opposite. I'm sure it'll be some short term pressure but most ppl don't hold Dow based assets.

There has been a lot of talk that Teslas wild moves the last year are people trying to front run it possibly getting added to the S&P 500 if it were able to have a full year where it made an actual profit.

Which I think it did squeeze out a small full year profit with it's last earnings. Except Tesla would be the 7th largest holding rn if it joined, not no. 450 or 320 like normal. Almost 5 trillion is indexed to the S&P 500, I've no idea what would happen.

MagicHef · 08-28-2020, 11:51 AM

Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.

Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.

Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.

ThaVirus · 08-28-2020, 01:06 PM

If we can deal with Clay's shit, we can deal with some options talk.

**lewdog** · 08-28-2020, 01:08 PM

I’ll take options talk over penny stocks any day.

**lewdog** · 08-28-2020, 01:19 PM

Quote:

Originally Posted by MagicHef

Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.

Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.

Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.

Did you buy with a short time to expiration?

**ChiTown** · 08-28-2020, 01:39 PM

Quote:

Originally Posted by MagicHef

Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.

Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.

Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.

I'm always slightly impressed with people that can effectively do options trading. I suck at it. I do have WMT stock though and it's done quite well.

Your 62% profit is nothing to sneeze at. Well done.

MagicHef · 08-28-2020, 02:39 PM

Quote:

Originally Posted by lewdog

Did you buy with a short time to expiration?

3 weeks. I'm too chicken to buy shorter than that.

**Buehler445** · 08-28-2020, 02:51 PM

Quote:

Originally Posted by MagicHef

Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.

Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.

Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.

Work your system. DO NOT see what would have happened if you operated outside of your system. That leads to undisciplined trading.

At 62%, do your thing man.

MagicHef · 08-28-2020, 02:55 PM

Quote:

Originally Posted by ChiTown

I'm always slightly impressed with people that can effectively do options trading. I suck at it. I do have WMT stock though and it's done quite well.

Your 62% profit is nothing to sneeze at. Well done.

I'm very new at it, so it remains to be seen if I can do it effectively. So far, I'm only doing it with companies I trust (AMD, AAPL, MSFT, WMT, etc), and I'm doing calls about 3 weeks out. I buy dips, figuring that a company like Microsoft will go up sometime in the next 3 weeks, even if it isn't immediately.

So far, I've been at it for about a month and I've made about $900, while only investing about $1,000 at a time. If it does turn out to be an effective strategy, I'll start using more of my money for it.

MagicHef · 08-28-2020, 02:58 PM

Quote:

Originally Posted by Buehler445

Work your system. DO NOT see what would have happened if you operated outside of your system. That leads to undisciplined trading.

At 62%, do your thing man.

I'm still figuring out my system, so I figure more info doesn't hurt. However, if the exact same thing happened again I would still sell at 62%.

scho63 · 08-28-2020, 06:09 PM

90% of pure options TRADERS lose money.

Most professional options traders are using them as hedges for their portfolio or an individual stock

Hog's Gone Fishin · 08-28-2020, 08:47 PM

Quote:

Originally Posted by scho63

90% of pure options TRADERS lose money.

Most professional options traders are using them as hedges for their portfolio or an individual stock

That's why I just stick with buying and selling the stock. I only lose 70-80% of the time.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1633101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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08-28-2020, 11:51 AM	#5900
MagicHef The Seated Villain Join Date: Apr 2007 Location: Seattle Casino cash: $560247	Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread. Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days. Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today. __________________ With a sack in 61% of his games, SB MVP Von Miller is the most consistent pass rusher in NFL history.
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08-28-2020, 01:06 PM	#5901
ThaVirus 5 o’clock free crack giveaway Join Date: Sep 2007 Casino cash: $-1577631	If we can deal with Clay's shit, we can deal with some options talk.
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08-28-2020, 01:08 PM	#5902
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-1338100	I’ll take options talk over penny stocks any day.
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08-28-2020, 06:09 PM	#5909
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $-690000	90% of pure options TRADERS lose money. Most professional options traders are using them as hedges for their portfolio or an individual stock __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
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