Something to think about, I suppose... maybe, maybe no : There’s a wave of selling estimated to be in the billions that’s about to hit the stock market https://www.cnbc.com/2020/06/23/the...ions-thats-about-to-hit-the-stock-market.html
It's interesting, but if that 2nd stim check hits, it'll be exciting again, to some this is gambling!!!!! All-in btc!!! Not serious, hahaha
So the casino plays have mainly been around BOYD/PENN and then various resorts in anticipation of casinos opening - Wynn/MGM etc. They were pretty hot for a little bit and I think there's money there to be made but Covid-19 might dictate how soon these go up/down Another one to watch is Draftkings assuming sports open - basketball /baseball etc, will probably be even better if football returns. But there's been decent returns in all of these on options. some have pulled back and it'll probably depend on virus news if you want to go with calls/puts etc. But I like these better sometimes than the cruises/airline stuff we've seen.
Wasn't this one of the adults in the room that's supposed to give nkla credibility? He made his 100x and bounced.
lol. Dude, you're obsessed with this one stock. I'm sure it has nothing to do with your love for Tesla? What did he "bounce" from?
Good point about the weighting. Basically I want to make a bet that Covid19 is going to start shutting down parts of the country within the next 60 days.
I don't have any positions in it, but if it didn't cost 1000% interest to short I would definitely be shorting the stock. As much as I am a bull on Tesla, and boy have been proven spectacularly right for it, I have to say that Nkla is an even surer bet. I have never seen such an obvious scam in my life. So if by obsessed you mean I see a potential opportunity here, especially after a huge portion of the float gets released soon, making shorting more viable, then guilty. Ubben was the one that had industry contacts and supposedly legitimized nkla. He was certainly the only one with any kind of background or track record. He "bounced" from Valueact, the firm he was in charge of that invested in nkla.
Well, yeah, he was with ValueAct because he started the company. He left to start another one. I was wondering if that meant he left Nikola as an investor/advisor because when I heard that story earlier in the day, I didn't find anything saying he left his role (whatever that is) with Nikola. No idea.
bought sysco puts - august 55/60 yesterday..sort of betting that in restaurant dining is going to slow down again...hate paying this crazy premium but seems like they were ahead of themselves especially given surge in texas/california/florida population centers..
never got around to construct a play all my longs and calls are taking a beating, sure could have used that insurance polocy the only things working, for me, today 2 synthetic shorts on AAL 1 synthetic short on BA, SE, DDOG front leg of LEAP vertical call spread on SBUX, SE, JPM,
Bought some JPM today. I’m hoping for a “not as bad as feared” result from the stress test results later this week.
This thing is holding up well despite the downturn. Closed some of my short puts for 40% profit. Will take another look if underlying goes below $23. I think there's some margin of safety given Sanofi's recent purchase price of $25.60.
This will be interesting since what most people are looking out for are dividend cuts by any of the banks. The odd part is there may be a wait, since apparently the government wants banks to wait until at least June 29th to announce any dividend cuts. I also don't think the stress test results will be released on a bank-by-bank basis, will it? I thought I read that it will be some aggregate result that'll be released. Just looked it up -- see footnote 2 : https://www.federalreserve.gov/newsevents/speech/quarles20200619a.htm
Do you still own NKLA stock? If so and you plan to hold it past next week, you should seriously consider selling and buying the warrants instead (NKLAW). It's a free $23/share basically as the warrants will let you buy shares for something like $11 after next week. I haven't done much research but its worth looking into. It really just implies that people expect the stock to be $20+ lower after July 3, because at that point, the warrants should just trade around $11 below the stock.
No, I no longer own it. There are some on here that own it, though. I got stopped out way back at $25 or so. lol. I doubled my money and thought I had done well. People have been asking about those warrants being undervalued for the longest time. Even when the stock was in the $20s, I think. I just don't get it since nothing that undervalued should remain that undervalued for this long. I generally don't get involved in stuff I don't have some confidence in my understanding of or seem too good to be true (well, except crypto...). I also think the company is way overvalued... which probably means it'll be a $200 stock by next week. But yeah, I've been tempted by the warrants for the longest time. With regard to the warrants, keep in mind that their pickup pre-orders also start on the 29th. I don't know if that'll be a good event or a bad event.
Still have my puts, but overall not excited with how little it's dropped compared to the market. I don't use these much, but I'm seeing that the RSI is still overbought. I know some like to use a drop below 70 to short since it can remain overbought for a while. What are you seeing?
You are correct. Tomorrow they are going to announce who all passed part 1 and on the 29th the companies will have their own announcements regarding capital plans. Back in April Dimon said JPM could handle gdp falling 35% and 14% unemployment through the end of the year so I betting they will be okay. Now WFC on the other hand...
