Futures all over the place last night. Down 300 now
I applied for margin and option privileges. Margin was an instant approval, gotta wait a day for options. We'll see.
are you doing straddles on your shares or something? I remember you as an options guy. I am a novice though. NRZ has nice dividend but look at their cash for over last few years. Went from $1B positive to $2 negative. Is that sustainable?
My SPXL and DUSL are doing great. up 16% and 12% repsectively since 2pm friday
still trying to understand all of that. Are you saying you buy long before the dividend and then sell puts based on expectation it'll drop once dividend is paid? is dividend annual or quarterly? I don't see how that scales up so far.
I almost sold my DUSL and SPXL this afternoon. Then it dropped and i kicked myself. Then they closed at day highs. I'm up 14 and 20% respectively since friday afternoon. Not sure how long to hold those leveraged things. Seems market should keep going up for a few days unless awful news hits. considering buying a bear fund of financials before results are in for super tuesday. Bernie win was a big hit for financials last time
Oh,they broke something ROFL. DOW futures +107.57%
https://markets.businessinsider.com/futures/dow-futures
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Must have forgot to shut off that algo pumping the market up.
The DOW going up over double the value at close...yea this is normal ROFL.
.....crickets.
And that's how you do it. Waited patiently for .20 calls, market just spiked on rate cut and they spiked to 1.92, sell and walk away! Every $1000 invested became almost $10,000 in 30 minutes. Now if I could just ever get the confidence to put more into these trades. It is no wonder hedge funds have bazillionaires.
Golly! I'm sure glad I was able to sell while the market was on it's way down. Since it seems to be going back up, I'll watch it until I'm sure it is recovering and then buy back in.
Nah. Really, I just rode it out like I did in the other crashes.
Good point. Take it in cash and stuff it in your dresser drawers.
Apply purple if you think necessary.