What was really bullshit was the silly amount of puts that came in a few min before close yesterday on SNAP. I can't remember the amount but the strike was 17.50 at 0.12-0.13 per. This morning 3.95 each. OI was at ****ing 10 before that, 10....
up big one day, then sell off the next day; ad nauseum it appears to me that lots of wall street pros / institutions are looking for opportunities to sell
a request to those who are more well-versed w the Software industry, please shed some light on these new articles at its annual Build developer conference on Tuesday, MSFT unveiled a new cloud service, known as Dev Box, that lets developers work on projects across workstations. Dev Box works inside modern web browsers and the virtual machines are capable of supporting any developer environment, software development kit and tools that use Windows[ Foundation For AI-Powered Client/Cloud Hybrid Loop
I have been trying to get lucky on finding something like a SNAP... Basically not priced in/low OI and sudden high volume for the day with a short DTE.... With my luck though is I'll buy lotto contracts that I might have been better off gambling in an actual casino. Haha, especially dealing with small DTE, if any rumored news doesn't actually stick it can really hurt. I have been closing out contracts on momentum and on the same day in some cases (especially if on the call side atm), or I get lucky and find an outlier/good tip like CSCO last week where I rolled the put out. The Ulta play I mentioned, but held off on is up a nice 40+%, but in this market I'm trying to find something I feel more comfortable risking so I don't give back easier gains. I just wasn't feeling good about yesterday since I was doing okay with quick quick contract trades in Apple/Spy. Anyway I'll still try to share any plays, especially if I get some crazy luck/tips.
Some reactions here. As with everything it will come down to execution. Msft is so big, by itself I doubt this has significant % impact on its bottomline in the short term. https://news.ycombinator.com/item?id=31493458 As a lowly paper pusher that's been using Teams more and more, I'm excited by the announced live sharing/editing in teams. The new arm ai PC in collaboration with qcom looks interesting too.
Maybe more realistically trend from the growth from 2012-2016? 2016 and on has been exuberant growth without actual growth.
no wonder the VIX is so high, there is no clarity but plenty of contrasting views The Fed raises interest rates by the most in over 20 years to fight inflation The central bank raised its benchmark rate by half-a-percentage point, following a 1/4-point increase in March. The moves mark a sharp U-turn from the easy-money policies the Fed had pursued through most of the pandemic. Fed Chair Powell said he and his colleagues would actively consider two additional half-point rate increases at their next two meetings in June and July, continuing a campaign that has high stakes for the U.S. economy. in the wake of this U-turn, distinguish Wharton School of Economic Finance Professor, Jeremy Siegel offers this view
Man!! I wish I did when you posted about it, did you pull it off? I was thinking of something like DASH/UBER Puts due to rising costs of everything and being that they're up atm. I think it's a short lived rally, and just thinking about a quick momentum play, but I keep thinking it looks too easy... Like mainly DASH with execs selling stock etc.
On a random note, I have a bunch of SCHD in my Roth IRA. I randomly decided to check what's happening and wow SCHD has held up well. Only down 5% this year so I still have almost all of the post-pandemic growth. They always talk up how well they screen companies on the index but I guess there is some truth to that.
