250ish profit on those in 15 minutes... might as well hold em til expiry.
FINALLLLLLLLLLY a play that went immediately in the money after buying it... been so long.
Stock Trading -or- ReconSWS's Bane
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Well that was a lot of fun learned a lot mostly that I'm not a very good gambler which is worth it I guess cause I wouldn't have believed it. GG boys. God Speed. I may return if SPY hits 250 before April Fools, but, it does not seem likely. Back breaking labor is a more satisfying way to make money anyways...Last edited by ReconSWS; 03-19-2021, 04:37 PM. -
I mean, I can't promise anything but you can do me for good luck
But seriously, PUTS???? What is this like 2020 still? Jpow says F&*K your puts!
I just got hosed on my GPS covered call. Strike at $23.50 since the stock hasn't been doing a damn thing for months and then all in a sudden they announce they didn't lose as much money as last year and it's through $31 leaving me unable to buy it back. Dumb. Did the same thing on INTC a couple months ago when I sold a call at $53 and it proceeds to moon out to $61. Fuck options man, I'm done. "But you're collecting theta as long as time is passing!". Dumb. Stupid. Even selling calls/puts is getting me in trouble. Good old long positions for me boiii
TBH I've gotten burned more than I've made money ever since I've strayed from long positions in blue chip companies. I'm going back to investing in REITs and Apple. Life was simpler when I was accepting "only" a 20% yearly return. Greed is the enemy, friends.
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Whose dick do I have to suck for a 50% crash in one day? I've lost far too many brain-cells to participate in the markets anymore... These contracts are all I have to show from a 2 year campaign to call the bubble burst, and these are actually all bad. Like no joke the Earth needs to experience a pole-shift or meteor strike for these to break-even. If I were an army general I'd have a 95% attrition rate with all the 0dtes and weeklies I've lost. If I were a Game of Thrones character, I'd be Stannis, and this is where I doze off sitting by a tree and die an off-screen death (assumed - but actually just leave an go be a blacksmith or something).
SPXS 03/19 40c 25x
SPXS 03/19 45c 15x
AMZN 03/19 1700p 2x
ICLN 03/19 20p 20x
QCOM 03/19 85p 10x
QQQ 03/19 97p 30x
SPXL 03/19 40p 9x
TLT 03/19 100p 20x (apparently this was an accidental hedge... but not a very good one)
TSM 03/19 90p 10x
TWTR 03/19 20p 10x
April Fools Play:
SPY 04/01 250p 33x
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Tech is still probably overvalued in the long term but for right now it's still at a decent discount and a good time to buy. I'd look out for flatlining and price competition in the next few years that will flatten out the tech sector. I think energy and raw goods are going to be the next thing. That's why I'm big on Tesla is they are going to be the future of energy storage and potentially generation as well. Oil is going to do great under Biden as he cuts production areas and prices go up.
Raw materials....okay here's my thesis. I work at a manufacturer of welded steel assemblies and machined aluminum parts. Steel and alloy are becoming extremely hard to get and mills are getting more selective with who they deal with and what they produce. This can only mean to me that there is a shortage in supply and demand is through the roof which will drive up prices. I'm planning on starting a position in some steel mills soon.Leave a comment:
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Thoughts on big tech..MSFT, AMZN, FB, Google. Semi space? Large banks? C, WFC, BACLeave a comment:
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I bought the dip today! I'll book it as loss porn instantly, put me down for a -700 loss. I don't want to reveal my global losses lol don't ask.
TSLA 3/5 830c x 10
TSLA 4/1 1450c (april fools) x 10
SPY 3/19 401c x 10
Obviously, stupid as fuck. But, a little bird told me Robinghood enabled 0DTE options, which means there is a SLIM chance we get a TSLA double up tomorrow roflmao.
A 0.00000000001% chance.
Edit : It'd be neat if one of these after hours google glitches decided to mean something one of these days .....
1Uei9zQ.jpgLast edited by ReconSWS; 03-04-2021, 06:22 PM.Leave a comment:
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LOL. I thought that one looked like a trap so I bought a bunch of Ethereum instead...
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