Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[scho63]

I've had a lot of **** ups in the options market but today I finally settled for tripling my money with AMZN call options that I bought yesterday and sold today as it closed in on it's high. I usually get greedy and not only lose all my profit but my original investment.

Had 25 of the $182.50 calls that expire this Friday with a cost basis of $76.63 (.76) and sold for $247 (2.47)

Tomorrow there could be a big move after the jobs report at 8:30am Eastern time.

Looking at the QQQ options.

Bought some more BDN REIT for dividends. Over 15% yield. Dividend was recently cut so I think it's safe for the short term.

[Buehler445]

Originally Posted by Rain Man

Today was sure a swing. I took a look this morning and we were up notably, and then I looked at the end of the day and the village was smoking ruins with bodies strewn in the street.

It was me.

I had a decent sized (for me) market order for the open on some stuff. So of course it cratered.

[Buehler445]

Originally Posted by scho63

I've had a lot of **** ups in the options market but today I finally settled for tripling my money with AMZN call options that I bought yesterday and sold today as it closed in on it's high. I usually get greedy and not only lose all my profit but my original investment.

Had 25 of the $182.50 calls that expire this Friday with a cost basis of $76.63 (.76) and sold for $247 (2.47)

Tomorrow there could be a big move after the jobs report at 8:30am Eastern time.

Looking at the QQQ options.

Bought some more BDN REIT for dividends. Over 15% yield. Dividend was recently cut so I think it's safe for the short term.

Good on you. I was going to sell come covered puts awhile back, but I just put the cash in the market.

I've had 50 or so shares of BDN for awhile. I had to shut the DRIP off because the price keeps getting whipped like a rented mule. That's why the dividend yield is so high. Might be a good time to get in... I mean the price can't (shouldn't) go negative.

EDIT: Hogfarmer's MAIN stock for dividends has performed really well for me. Some of it may have been the bounceback after the banking scare, but it was a really good performer for me.

[rydogg58]

Originally Posted by Rain Man

Today was sure a swing. I took a look this morning and we were up notably, and then I looked at the end of the day and the village was smoking ruins with bodies strewn in the street.

I was talking to a guy at work at 8:30, I told him that if the day went like it looked like it was going then it would be a good day in the market. I sold a few $528 SPY calls I had been holding since the day before and I was pretty green. Closed my app, and went about my workday.

Checked back later in the day and immediately stopped wishing I held those calls or I would have had a worse day. WTF happened?

[lewdog]

Originally Posted by scho63

I've had a lot of **** ups in the options market but today I finally settled for tripling my money with AMZN call options that I bought yesterday and sold today as it closed in on it's high. I usually get greedy and not only lose all my profit but my original investment.

Had 25 of the $182.50 calls that expire this Friday with a cost basis of $76.63 (.76) and sold for $247 (2.47)

Tomorrow there could be a big move after the jobs report at 8:30am Eastern time.

Looking at the QQQ options.

Bought some more BDN REIT for dividends. Over 15% yield. Dividend was recently cut so I think it's safe for the short term.

That's a nice looking profit on that AMZN option. Good job.

What I notice about trading options is that I will day trade/scalp options for 10-20% gains when the market is choppy. Sometimes this is a buy and sell that only takes 5-10 minutes. If there's good direction or better setups, I will swing them a few days out. I did a META call on Wednesday near close and sold this morning for a 200% profit. I sat out the rest of today and I am glad I did.

I have a CVX option that I have held for a week that's up 66%, I sold 50% for profit and will hold the rest longer than most with oil pumping.

[UteChief]

Originally Posted by Rain Man

Today was sure a swing. I took a look this morning and we were up notably, and then I looked at the end of the day and the village was smoking ruins with bodies strewn in the street.

The day certainly started out fun.

[scho63]

Originally Posted by rydogg58

WTF happened?

The Fed governors all spoke in concurrent times from around noon and all put the kibosh on lowering interest rates. Right about the same time they began selling off the market, the Israeli / Iran conflict ratched up big time and the market shit the bed.

[Buehler445]

Originally Posted by scho63

The Fed governors all spoke in concurrent times from around noon and all put the kibosh on lowering interest rates. Right about the same time they began selling off the market, the Israeli / Iran conflict ratched up big time and the market shit the bed.

Are they shitcanning rate cuts until late summer or are they just shitcanning rate cuts all together?

I better check out the Israel Iran shit. That could get serious.

[rydogg58]

Originally Posted by lewdog

That's a nice looking profit on that AMZN option. Good job.

What I notice about trading options is that I will day trade/scalp options for 10-20% gains when the market is choppy. Sometimes this is a buy and sell that only takes 5-10 minutes. If there's good direction or better setups, I will swing them a few days out. I did a META call on Wednesday near close and sold this morning for a 200% profit. I sat out the rest of today and I am glad I did.

I have a CVX option that I have held for a week that's up 66%, I sold 50% for profit and will hold the rest longer than most with oil pumping.

I found that I get more consistent gains day trading SPY calls about 45 mins after open when the choppiness is usually in full effect. I'll watch it on a 1 minute candle and try to buy a call a couple days out a few dollars OTM when the rsi starts to bottom out. I don't wait for a big gain, 3-10% is good enough for me and I'll sell it a few minutes after buying.

This past week SPY has seemed to start out great, and then shits the bed the last 10 minutes of trading. Tomorrow I'm going to buy some 0dte puts and hold em until the inevitable daily meltdown.

[scho63]

I feel a major correction coming when Iran retaliates against Israel / US.

They are ****ing pissed

[Tundra Scout]

Originally Posted by scho63

I feel a major correction coming when Iran retaliates against Israel / US.

They are ****ing pissed

It’s coming and it could be a doozy in the wrong way

[UteChief]

Originally Posted by Hog's Gone Fishin

Maybe UCO / USO is in play. Gotta take advantage

What are those?

[Stewie]

Inflation reignites. CPI up 3.8% in March. We're going in the wrong direction. How does the Fed lower rates in this scenario? They don't unless there's a huge reversal from what's been happening over the past few months.

The Feds narrative makes no sense. The economy is doing great, unemployment is very low and inflation is rising. This is the scenario to RAISE rates.

[Stewie]

Looking at FedWatch it appears they predict there will be no rate cut until September. And that probability is about 40%. To get to the "three rate cuts in 2024" it would take a huge change and then they'd have to cut rates three times in a row at the end of the year. Highly unlikely. The Fed talks all the time and miss so many metrics right in their faces.

[philfree]

Originally Posted by Stewie

Inflation reignites. CPI up 3.8% in March. We're going in the wrong direction. How does the Fed lower rates in this scenario? They don't unless there's a huge reversal from what's been happening over the past few months.

The Feds narrative makes no sense. The economy is doing great, unemployment is very low and inflation is rising. This is the scenario to RAISE rates.

We don't need the algorithms picking up any such sentiment.