i actually constructed a risk reversal on RIOT, 3 Dec expiration, w a bias to the upside. bto 34 strike CALL, sto 31 strike PUT, collected a net premium of 21 cents effectively, a no-cost spread that'd allow me to morph into a bullish CALL spread---collecting more premium---and then to participate in the rising stock price
Sure of course he's trying to make money. I don't fault him for that. But I do fault a toothless SEC and terribly written regulations and those need to change. Musk should not be able to get away with blatant market manipulation. Whatever crummy fines they hand out, do absolutely nothing so there needs to be real punitive penalties for something like this.
What's more odd is how it wasn't a direct tweet from investor relations or anything..... Face of a trillion dollar company replying to fan clubs....that's investing for you these days..
https://www.businessinsider.com/zillow-homebuying-unit-shutting-down-layoffs-2021-11 Zillow is shutting down its homebuying business and laying off 25% of its employees
The decision comes after the company lost more than $380 million on the program called Zillow Offers - which hit a major snag in recent months after the algorithm monumentally overpaid for houses right as the US real estate market began to cool.. Zillow plans to take writedowns of as much as $569 million, according to Bloomberg. "algorithm"
Yes! Great news for OPEN in the long term. In the short term maybe they can take those houses off Zillow's hands for cheap lol.
a less-than-expected ERS has dropped the stock price a bit. to my eyes, the handle to the cup is still intact; even w the decline, it is still trading above the 20 dma. it appears to be a momentary perturbation in view of this, placed this 5-pt bullish PUT spread (Dec 17 expiration) for a $2.65 credit, defining my max risk to be $2.35 bto 85 PUT, sto 90 PUT
I am actually long on MARA. And like to sell calls off my shares. BUT - like I alluded to previously - after holding this type of asset for so long, I seem to have a good feel for making SNIPES on the price action of either MARA or RIOT. It was easy to see the price would fall in the short-term. And when I say - easy to see - I mean.... easy-to-see, except... when it's not. Lol. I've had great success with it but strategies only work until they don't. I'll get burned at some point.
market can't decide, it will fluctuate all over the place till earnings next week then we will know the TRUTH. Opendoor's twitter account was not so subtly gloating over the zillow news yesterday lol https://twitter.com/Opendoor?ref_src=twsrc^google|twcamp^serp|twgr^author
I bought GME on Oct 27, because I swear, anytime the FED speaks, it waps. And look at it go. This is one of those days I got lucky, lulz.
Same. I figured OPEN seems to be confident in trash talking at zillows failures....but let's see next week.
