Economy Stock Market chat. Discuss everything from Musk to iPhone

Discussion in 'The War Room' started by JonesBones, Jan 3, 2019.

  1. EndlessCritic

    EndlessCritic Gold Belt

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    I ain't investing in any US stocks because those cocksuckers tax my dividends.

    @JonesBones, you got any canadian picks? I just put another $40k in my account I can play with.
     
  2. JonesBones

    JonesBones Excuse my contraflow

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    do you mean stocks of companies based in Canada or stocks on Canadian exchanges? I actually can't buy stocks on Canadian exchanges on Robinhood but most are listed in the US too. If you care about dividends, you could look into the Canadian banks and railroads. I think Canada has the safest banking system in the world.

    Trying to think of other Canadian companies. Lululemon

    Edit: actually the railroads have small dividends.
     
    Last edited: Feb 4, 2019
  3. JonesBones

    JonesBones Excuse my contraflow

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    This may not apply to your case but implied volatility is the most important number in options imo. Implied volatility causes option prices to rise and iv crushes makes them fall, regardless of the underlying instrument. You could pick a stock in the right direction but lose because of implied volatility swing.
     
  4. EndlessCritic

    EndlessCritic Gold Belt

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    I hope you're right for my sake.
     
  5. Cuzcatlan

    Cuzcatlan Bénir Henry

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    Lol this for some reason pop up on my YouTube recommendations. But just like you I believe CamadiCa banks tend to be safer than Americans.
     
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  6. MASShole

    MASShole Get it?

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    Canadian banks have great dividends.
     
  7. chardog

    chardog That's President Donald Trump

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    right, I had IV @ 40% and IV percentile 70% and HV percentile 20%. I was under the assumption that only IV percentile mattered. Not sure what happened, but the trade got murdered pretty badly, and it went sideways or somewhat my direction. Confused as heck.
     
  8. Kowboy Karl

    Kowboy Karl Black Belt

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    The trade desk will be 200 on earnings

    Thank me on feb 28
     
  9. brackis1

    brackis1 Gold Belt Platinum Member

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    This shit is so absurd.
    It's nothing more than a game of chicken right now on who is going to eject first and who has the balls to short. I'm sitting on the sidelines.

    I crushed it shorting some random tech hardware stocks today :)
     
  10. SBJJ

    SBJJ Gold Belt

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    Killing it. MNK up again. Just sad it didn't drop early to buy even more. Maybe tomorrow. BHC up. Got my MSFT calls off.
     
  11. JonesBones

    JonesBones Excuse my contraflow

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    Elon Musk used to work at Bank of Nova Scotia. I owned that stock. There is a housing bubble in Canada I guess. Didn't really think of that. And drying up of chinese money in general. I know Toronto Dominion has most exposure to US than any Canadian bank.
     
    Last edited: Feb 5, 2019
  12. JonesBones

    JonesBones Excuse my contraflow

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    Boeing upgraded

    [​IMG]
     
  13. thefirstemporer

    thefirstemporer Overdone and dry! Platinum Member

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    Cronos stock downgraded after rocketing more than 100% in 2019 so far
    BY MarketWatch
    — 12:15 PM ET 02/05/2019

    GMP Securities cuts rating to hold from buy after stock run-up, but says it's still a believer in the Cronos story

    Cannabis stocks were mixed on Tuesday, as investors digested a downgrade of Canada's Cronos Group Inc. (CRON) after its strong gains in the year so far.

    Cronos shares (CRON.T) fell 2.6% before recovering to trade slightly higher, after GMP Securities lowered its rating to hold from buy and reiterated a stock price target of C$24 ($18) that implies 21% downside from its current trading level.
     
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  14. JonesBones

    JonesBones Excuse my contraflow

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  15. JonesBones

    JonesBones Excuse my contraflow

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    I don't know what to tell you. I pulled up CME and their volatility has been in the same range since about 1/15

    You said:

    CME 540/545 C

    I don't get it. CME is nowhere near that price.
     
  16. chardog

    chardog That's President Donald Trump

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    I could have sworn I sold a vertical spread call, but is it possible, I did the opposite? Looks like I'm still in the trade that I thought I closed out. I figured the spread would act like an OCO order, if I close it, the whole thing closes.

    My option code is CMG190301C545, I was looking to collect premium with either no direction or a short bias. I cant even figure out how to pull out my old order on TOS Gotta watch some more tutorials......
     
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  17. JonesBones

    JonesBones Excuse my contraflow

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    Yes, I was thinking that you have a 66% chance of winning because a stock can do 3 things. Go up, down or sideways. You win if it goes down or sideways.

    I never even heard of an option code. I have watched probably days worth of lectures on the subject and still don't have it all figured out. I use TOS for charts but not for trading. I use Robinhood which gives me less info and options so I don't know about TOS. TOS does a lot of the work for you and has a much more complex interface.
     
  18. chardog

    chardog That's President Donald Trump

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    yes, a minor tidbit, is that every options trade has a symbol. With old software like tradestation 9, you have to copy and paste the symbol to create an OCO order, really old style software, but how I was taught.

    I just cant figure out my original order whether it's a sell or buy call lmao
     
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  19. SBJJ

    SBJJ Gold Belt

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    Bought 300 MNK 22.23. 400 22.15. Sold 23.00 calls for .40. Up to 2700 shares for the week. Hopefully get another pullback as the plan was to have 4000 shares by Thursday. Guess I should have bought more on today's dip

    Sold my GOOG for a healthy 1 day profit . Then unloaded the last of my AMZN.

    holding MNK, BHC, COST & MSFT. COST & MSFT are completely covered. COST at 212.50 and MSFT at 105.00. About a third of my MNK covered at 23.00
     
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  20. brackis1

    brackis1 Gold Belt Platinum Member

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    Welp, there we go lol
     

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