When I am reading posts on here your avatar always looks like a green MJ bud until i focus on it. just an fyi
Anyone been buying Charles Schwab stock? I bought some a couple weeks ago and some more this morning. I don't buy many individual stocks, and I'm not a day-trader or anything, I intend to hold a very long time. This seems like a good purchasing opportunity.
Haha, that's pretty interesting. I might change it eventually, but it's just an old video game cover from Nintendo days. I am actually wondering if more people see it like you do, definitely not planned.
It definitely could be, I've been trying to find stuff that's been beaten up, but still haven't been trading like I was. Another one I was watching when it was in 20s was Intel, longer term I think it will return.
thanks for the alert. did my due dilligence; when SCHW was trading ~~ $49, decided to make a bullish bet on it sold a bulliish credit PUT spread Jun expiration, collecting a premium of $3.35 in advance long 50 strike PUT short 40 strike PUT, use the above premium collected in advance to defray the cost of this 5-point bullish CALL spread which, alone, costs $6.60 long Jan 2024 52.5 strike CALL short Jun 2023 57.5 strike CALL will roll forward this short leg to a higher strike CALL w a longer expiration, as long as it'd result in a credit net/net = $3.25 (6.6 - 3.35) my price target for SCHW is $65.5. which approximates 50% retracement from the Jan '23 high of 86
Only way to play financials right now is either best of breed (JPM, MS) or through XLF. Anything else feels too risky right now.
The funny thing about XLF is that a large part of its biggest holdings aren't even "true" banks/financials. Its largest holding is Berkshire Hathaway, which in turn, is around 40-50% Apple the last I looked, which has savings and a credit card now, and 2 of the 3 other largest holdings are Visa and Mastercard, which ok, are financials, I guess. Then I think you get Bank of America. That's pretty much where its holdings are concentrated with Berkshire being the largest holding.
nvda sitting close to 30% gain from close to open. absolutely nuts SP500 should just be renamed to SP5
Just wow, absolutely insane. I had been thinking NVDA would kill it but didn't think it'd be like this. Someone definitely banked. I mean if you told me to buy OTM weekly 365c at $0.20 range yesterday and they'd be worth $23.10 today I'd have asked you what you're on because it must be really good stuff. I was honestly surprised they allowed it to open and figured there'd be even a smallish correction. I mean there has to be a correction eventually, right?
It’s wild out there right now. NVDA with an rsi of 85, AMD and AVGO with pretty big reversals. Going to be an interesting few weeks.
