Sanrith Descartes
Veteran of a thousand threadban wars
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It has a higher net fee. Personally I would take the S&P 500 with almost zero net fee and let it run for a few decades.
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Investing General Discussion
- Thread starter Furious
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Fogel
Mr. Poopybutthole
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Got assigned SNAP from last weeks put at 51$. It dipped down to 48 yesterday but back up to 51 in early market after Goldman Sachs gives them a price target of 70$, thanks Goldman! I was aiming to sell them once they bounced back up but I'm thinking I'll hold now until their next earnings on 2/2/21.
Sanrith Descartes
Veteran of a thousand threadban wars
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Im not seeing any trades now that get me excited. Aside from BABA which long term should make be bling even if I deal with some short term pain and volatility. QQQ is sitting 22% above the 200 DMA and has only had 4 down days in all of Dec. We have sort of run out of good news (vaccine, election, budget, stimulus etc) but on the other hand the we are in a stretch of the 200 DMA where it went on a sustained rise so I dont see the gap expanding much.
tldr: I don't have a clear view of what I think will happen in the next week or so and am sitting mostly on the sidelines until I see some direction.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Notable open interest changes for December 29th (TheFlyOnTheWall)
Monday's total option volume of 30.5 million contracts resulted in net open interest growth of 4.02 million calls and 3.51 million puts. Alibaba(BABA) , Apple(AAPL) , Palantir Technologies(PLTR) and NIO (NIO) saw the greatest growth. Top five new positions opened include 48k Snap Inc. (SNAP) Jan-21 40 puts, 32k Snap Inc. (SNAP) Jan-21 60 calls, 26k Farfetch Limited (FTCH) Jan-21 50 puts, 24k Apple(AAPL) 12/31 weekly 140 calls and 23k Apple(AAPL) 12/31 weekly 141 calls.
Fogel
Mr. Poopybutthole
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This is probably why I jumped so quickly into the spac game. My normal plays for the last two months were losing their premium or were losing my confidence. I had weekly puts on PINS/AMD that I haven't rolled up. I also didn't like how the vaccine news caused a "shift to value!" trend that promptly died in a week only to come back and die again on the next wave of vaccine news.
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Sanrith Descartes
Veteran of a thousand threadban wars
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PSTH - latest rumors have Ackman seeing if he can put a deal together for Coinbase. I know only the basics of crypto, but I do know they have a rabid following. I doubt I would keep it long term but i could see an explosive move upwards if it comes true. Hopefully he announces something in January.
Fogel
Mr. Poopybutthole
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I've been on the fence with PSTH, I was hoping with the long delay in news they'd dip below 25 and almost even had my 25 put assigned on the 18th, but since then they've steadily climbed up over 26
Sanrith Descartes
Veteran of a thousand threadban wars
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its basically the safest place I can think of to just park cash. I am up 25% since opening day and it doesnt even have a target yet.
Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
- 41,524
- 107,613
Sanrith Descartes
Veteran of a thousand threadban wars
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SeanDoe1z1
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Will be interesting. Its all speculation, its hard to place yourself infront of that amount of money and guess what you would "want" to do versus actual doing.
Hard to theorize what a post pandemic play with billions in cash to go after. Wasn't his target to hit 15-20% equity as a more hands off approach? I guess if the shoe doesn't fit, make it. I agree its hard not to call it one of the safest plays around.
If I were to go live in the woods for 3 months, this would be the place I would put it all.
also it seems way to risk adverse for someone that wanted the opposite. but billionaires gonna billionaire.
Sanrith Descartes
Veteran of a thousand threadban wars
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Based on my reading, there is a lot of wheels that spin on this stuff. When a normal SPAC goes for a company most times its grateful because it may not have been deemed ready by big money banks. With Ackman going after big established unicorns, they are probably feeling they can score big with a traditional IPO route (see AirBNB). I am patient and will wait for a target.
SeanDoe1z1
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He certainly seems to be going on a "righteous" tear lately shaming pornhub and all of that. Just food for thought. I know he had some bad graces with Biden and its best to morph to whomever holds the torch.
I feel like I'm in 8th grade literature listening to underpaid teachers trying to equate meanings to different things when the author simply meant the curtains were blue.
part of the fun I guess.
I feel like I'm in 8th grade literature listening to underpaid teachers trying to equate meanings to different things when the author simply meant the curtains were blue.
part of the fun I guess.
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