Sanrith Descartes
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Closed my QQQ puts out on the vaccine jump. Made 75% profit in 2 days. SMH.
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Investing General Discussion
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Sanrith Descartes
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Sanrith Descartes
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Ok, but we aren't done yet. My puts that expire this Friday are now break even, need it to keep going down.
Fogel
Mr. Poopybutthole
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My only regret with LAZR was buying that 12/18 call for 22.50 like
Sanrith Descartes
suggested *cough*, but since I still made 140% on it, I'll let him slide for now.
Sanrith Descartes
suggested *cough*, but since I still made 140% on it, I'll let him slide for now.
Sanrith Descartes
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Newp. I never, ever suggest "buying calls". I am a sell-side guy. I still have covered calls I sold with a $20 strike expiring this Friday. At this rate they may still end up working for me.My only regret with LAZR was buying that 12/18 call for 22.50 like
Sanrith Descartes
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In that case assuming you haven't closed it, then it might still survive. If it keeps dropping 5% a day you should be safe. I am in the same boat. What I didn't foresee was Cramer having the CEO on the day after the vote and pumping the crap out of the stock. I figured it would jump in the low 20's for the vote and then drift down to the high teens by mid-Dec.
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Sanrith Descartes
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Real-estate in trouble? Especially business real-estate? Buy why?
"Pendergast pointed to the 10.2% of loans out of the near–$600 billion commercial mortgage-backed securities (CMBS) market that in November was in “special servicing,” a category that is often the first stop for borrowers looking for temporary or permanent debt relief."
Distress looms over U.S. commercial real estate in 2021 - MarketWatch
"Pendergast pointed to the 10.2% of loans out of the near–$600 billion commercial mortgage-backed securities (CMBS) market that in November was in “special servicing,” a category that is often the first stop for borrowers looking for temporary or permanent debt relief."
Distress looms over U.S. commercial real estate in 2021 - MarketWatch
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Big Phoenix
Pronouns: zie/zhem/zer
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2008/2009 part 2? Massive amount of smaller businesses going under forever thanks to consumers shifting towards bigger businesses due to lockdowns and bigger businesses now really embracing wfh....
Sanrith Descartes
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He mentions in the article a salient point that no one in the media is talking about. This isnt 2007/8. Those were CDOs and hard to get rid of. These are actual properties. People can just hand the banks the keys and walk away. And its happening.
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Sanrith Descartes
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Keep a close eye on HYLN. Lost of bag holders who have been holding since the 30's are finally facing reality and selling. If I dont see some sort of bounce down here off the low, I might buy and close. I am positive 5 or 10 cents right now and might walk. Even though the charts are bullish, sometimes people just do the unexpected.
Sanrith Descartes
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Sanrith Descartes
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Captain Suave
Caesar si viveret, ad remum dareris.
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In arguing about the audio quality for Tenet, Christopher Nolan has said that last year was the highest grossing movie ever for theaters. That's only true in nominal dollars. Adjusted for inflation, box office draw has been decreasing since 2002. Last year was the lowest since 1995. The industry is dying, albeit slowly.
Fogel
Mr. Poopybutthole
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Tuscan Holding down 12% so far. They're merging with microvast after originally saying they wanted to get into cannabis. Microvast will be specializing in batteries for city transit like buses etc.
Thoughts? Sounds promising, lots of cities trying to virtue signal jumping on green energy
Thoughts? Sounds promising, lots of cities trying to virtue signal jumping on green energy
Sanrith Descartes
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Batteries, pot; hey they are basically the same amirite?
To be honest you really need to look at the underlying info on the SPAC founders and also the financials of the company they are merging with. That pivot sounds like they are desperate to make a deal so they can collect Founder's cash.
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Sanrith Descartes
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I snuck back in to QQQ right at the closing dip. Wrote QQQ puts expiring this Friday for 60 cents premium at the $290 strike.
Also my order popped for BTWN (the Thiel SPAC) at $11.00
Also my order popped for BTWN (the Thiel SPAC) at $11.00
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