Economy stonks v12, gamestonk?

[Wadtucket]

 

[rob mafia]

i keep selling gme puts after halts.

can't tell if this seriously or ironically.

 

[ForgotMyOldAccount]

How many times have they halted GME today? They are panicking beyond belief

I think 6, maybe 7 times

 

[panamaican]

Well I use a wheel strategy on stocks I don't mind holding. While I usually would do it with companies like Amex Starbucks or microsoft.
Lately I been doing it with a bit more speculative stocks like NIO and JMIA. But I might change my strategy and sell out of those positions with cover calls if they get exercise and move back to lower premium but safer stocks with dividend.
I actually take gains and put them into ETFs I hold.

I'm familiar with the wheel strategy and it's what I find myself reading the most. I'm going to run that since most people are comfortable with it. I'm trying to think of something creative to do with the premiums.

 

[PaleMoonlight]

What are you up on this gamble? GME absolutely ripped this morning. I don’t know what the hell is going on over there but anyone who bought puts yesterday fucked up.

Shares bought and executed at $97 today. Who knows what will happen but still riding it.

BB up big but my portfolio is down today.

 

[Gas121]

As fast as you could make money today, you could lose it. Be fucking alert out there because this market is so dangerous.

 

[panamaican]

Ok, whatever. I know what I know and I know what I don't know and want to get more information on. I appreciate your contribution to that.

 

[rob mafia]

Ok, whatever. I know what I know and I know what I don't know and want to get more information on. I appreciate your contribution to that.

you were advocating a tax that renders moot the strategy you're advocating.

 

[panamaican]

you were advocating a tax that renders moot the strategy you're advocating.

No, it doesn't. What are you talking about?

 

[boingyman]

A post like this is when we know tops are getting close.
Please don't do this.
Trade with margin if you must.

I'm all talk and my wife would never sell it. Its just lately the renters have been calling me about random issues. Stock market is too hot and unpredictable right now and the housing market continues to shoot up in Northern California.

 

[rob mafia]

No, it doesn't. What are you talking about?

lolz @ advocating transaction taxes and a wheel strategy

 

[panamaican]

lolz @ advocating transaction taxes and a wheel strategy

Reducing total profits doesn't render the entire concept of maximizing premiums moot. It means that new strategies will have to arise, which has always happened. What does that have to do with the present?

 

[PaleMoonlight]

I'm all talk and my wife would never sell it. Its just lately the renters have been calling me about random issues. Stock market is too hot and unpredictable right now and the housing market continues to shoot up in Northern California.

House prices are crazy in so cal too. Looking patiently to buy one. Potential sellers are offering no inspections and offering at least 8-15% asking price.

 

[rob mafia]

Reducing total profits doesn't render the entire concept of maximizing premiums moot. It means that new strategies will have to arise, which has always happened. What does that have to do with the present?

holy derp. the transaction tax was % based (and not on profit, but total). you're advocating a strategy that MAXIMIZES transactions. holy crap, man.

there's a reason why i posted that gif. not only are you clearly not one of us, but you advocated nonsense that would result in us not trading/having these threads (and likely a collapse of the nyse and bolster of foreign exchanges...)

 

[boingyman]

House prices are crazy in so cal too. Looking patiently to buy one. Potential sellers are offering no inspections and offering at least 8-15% asking price.

I know. My good friends need to buy something in the 3-4 months in the LA area (ideally Pasadena/Alhambra/Monterey Park) and the inventory that fits their needs is low for their budget. Their absolute max is $950k and there is not much unless they get a old fixer, a smaller remodeled home or go further out to like with a longer commute. Crossing my fingers they get something awesome.

 

[brackis1]

Wooot GSAH poppin

 

[rob mafia]

lolz @ cnbc people losing their minds.

 

[brackis1]

lolz @ cnbc people losing their minds.

lol this is what they want

 

[BIKES!]

I know. My good friends need to buy something in the 3-4 months in the LA area (ideally Pasadena/Alhambra/Monterey Park) and the inventory that fits their needs is low for their budget. Their absolute max is $950k and there is not much unless they get a old fixer, a smaller remodeled home or go further out to like with a longer commute. Crossing my fingers they get something awesome.

It's insane right now in the burbs across the state. My buddy just bought and the whole no inspection/contingency is flat out insane on 1940 homes.

Interest rates are next to nothing and the flee from the city is something else. Rates are starting to come up and once the world opens up I can see some more folks fleeing CA and more homes coming on market.

 

[rob mafia]

lol this is what they want

seemingly, but the bear saying he didn't want to get out of bed anymore and calling for govt regulations and etc... wtf?