Investing General Discussion

fris said:

Jesus, Elon is gonna get two Hillarys to the back of the head

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Trump's style is to sue. Betting we get a defamation lawsuit in 3.. 2... 1...

Trump wont kill a payday.

LULU tanking -20% on earnings

Sanrith Descartes said:

But he cant unless he releases the Epstein files for discovery. He can't sue and then tell the court, the actual evidence can't be released.

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Elon and Trump be playing the true 4D chinese checkers all along

Kithani said:

Elon and Trump be playing the true 4D chinese checkers all along

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Maybe its all 54D Chess to give Trump the appearance of needing to release the files knowing they aren't that bad for Trump himself but extremely damning for other powerful people. Then Trump will authorize Elon to create a facedancer program using all those random women he artificially inseminates as axtotl tanks ???? profit.

Well, a man can dream.

I had TSLA puts as mentioned above which were already making money and now they are insane. My regret is I bet too little. But to be fair my bet to begin with was a 100% gamble that TSLA is overrated, the musk hate is real, and the house of cards would crash. I wasn’t confident in my bet hence the smaller amount, but it was based in a reasonable logic.

however the bigger message here, at least for me, is a reiteration of how completely irrational this market is and how 100% important it is to set stop losses and be willing to take a small hit to not take a bigger hit. Even if owned calls I’m proud to say my evolved trading strategy would have probably given me a 15% loss(about what I tolerate, sometimes 25%) over a post in Reddit that I lost my families inheritance. I read so many of those today it blows my mind. I read posts that are stating “I bet 50k in TSLA calls for tomorrow, am I cooked?” Beyond mocking these people for a poor decision, they also made this bet and had absolutely no safety exit. On 50 fucking k of money. Even if loaded that’s insane.


1000 bet with even a 25% loss is 250. Taking that leftover 750 and putting in a smarter/better trade can get me back to 1k in about 6 trades at even 5% per trade. So let’s say a week or two If one is active? so much better than crawling back from scratch.

I will be fair to all the new people and I can post losses that will shame me and impress you because I once did exactly these things. It was a mix of “maybe it will recover” or “I’m down so much fuck it, let’s see if a god event happens” or whatever else. Now I’ll chop my loss, admit I failed and gain my wins back faster because of it. I just thought it might be good remind people we all lose, especially if you day/swing/frequent trade and don’t just buy for long term.

I hope you took profit on those puts because TSLA just hit ~308 overnight

Not yet. It’s already back to 298, the puts are for July, and I’ve got a stop in place so I’ll make SOME money no matter what at this point, but my bet was that the planned announcements in June are delayed or fail. The trump thing was unplanned but helped me.

When you get huge outsized moves like that, its definitely in your best interest to scale some profits in the options world. You should have been taking some money off the table last night. The risk right now in the short term is up. The longer term thesis of weakness may be sound, but then you are eating time decay while we have an interim bounce. (Likely)

Sanrith Descartes had the right play. Sell puts on the huge panic selling and the IV were working massively in your favor. Now we can bounce and that IV decay makes you more profitable.

Jysin said:

When you get huge outsized moves like that, its definitely in your best interest to scale some profits in the options world. You should have been taking some money off the table last night. The risk right now in the short term is up. The longer term thesis of weakness may be sound, but then you are eating time decay while we have an interim bounce. (Likely)

Sanrith Descartes had the right play. Sell puts on the huge panic selling and the IV were working massively in your favor. Now we can bounce and that IV decay makes you more profitable.

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normally I would sell or roll. But the rapid move makes me not want to roll because the new position would be expensive due to high IV. I instead set a trail that’s pretty generous to allow a bounce that I very much expected over the next few days. However I still expect a downward trend and would look more to close towards the end of the month if I don’t get stopped out. Even with current trail I’d be fine if it bounced all the way back up and my stop got hit on that path. I still believe that TSLA is overhyped, musk is going nuts and there will be bad news coming up. He has somehow managed to piss of the far left by working with trump and now the maga-tards by going against trump. It’s actually impressive and politics aside, I don’t think people will be touching his brand for a bit. Reduced sales, bad press, failed projects

my typical options plays are days, not even weeks. I use options to try and turn a single ATR move, which is normally 1-2%, into 5-10% instead.

Is there a news site where I can see possible causes for spikes (up or down) in prices? I always wonder if something happened that I didn't know of, or if it's just market go brrrr. Not really general news, more specific and up to date. Ex. Palantir took a big dive yesterday, MSFT went ATH suddenly, within a day.