Sanrith Descartes
I was forced to self-deport from the /pol thread
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Notice his puts are out to 2027. I think many people are missing this.
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Investing General Discussion
- Thread starter Furious
- Start date
Flobee
Ahn'Qiraj Raider
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Been watching STRC be a larger and larger share of the BTC buy funding. Curious to see if that continues and it slows or even stops the common stock dilutions. IF the play with the premium stocks works I think this could be a massive buying opportunity. Be interesting to see how it plays out though because the bears are out in force. I've been taking nibbles on the way down but probably too chicken to buy anymore until this resolves one way or the other.
Blazin
Creative Title
- 7,527
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quite the double top in BTC, evidence mounting that the top of this run is in. I'll be accumulating but will start looking for lower targets for adds if it becomes trapped below 200d .
Decline to 75-80k should zap a lot of enthusiasm and weak hands out of it.
Decline to 75-80k should zap a lot of enthusiasm and weak hands out of it.
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Kithani
Blackwing Lair Raider
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When you put it in a chart like that I absolutely can see where I would have been losing my shit in 2006-2007 with this mildly autistic dude betting against the market with my money lol
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Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,173
- 133,881
I am quite happy I cut bait on this trade on Monday and walked away with a buck premium.
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,173
- 133,881
TSLA down almost 8%, NVDA 5%, PLTR 7% etc. AAPL only down 0.4% and MSFT down under 1%. VIX up over 21. Something is shaking.
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Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,173
- 133,881
Something we haven't done in this thread in a long time is discuss potential trades. This is the PLTR chain out at Burry's Jan 2027 expiry. Burry paid $1.84 premium so his trade is already up $3.3m in total. While the gamma is lower, if he is right you don't need to be at his strike (50) to win. Those $30 strike puts will print as well if he is right and cost half as much.
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Flobee
Ahn'Qiraj Raider
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Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,173
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June low of $98,225 is on deck.
edit: Forget its BTC for a moment. Is there anything bullish about this 6-month chart?
Blazin
Creative Title
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Only looks like previous if it bounces this week pretty strongly, which maybe it does. The trend looks extended a couple months of consolidation and building a base wouldn't be that bad
Bullish List:
June low of $98,225 is on deck.
edit: Forget its BTC for a moment. Is there anything bullish about this 6-month chart?
View attachment 609028
Price is mostly above long term moving average
Higher High
Slight RSI bullish divergence
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Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,173
- 133,881
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,173
- 133,881
Busted the June low of $98,225 and is trying to hold on. This would probably be ugly if it cant rally here overnight.
June low of $98,225 is on deck.
edit: Forget its BTC for a moment. Is there anything bullish about this 6-month chart?
View attachment 609028
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Flobee
Ahn'Qiraj Raider
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My understanding is according on-chain data ~$95k is the line that needs to be held. IIRC something like 60% of active UTXO have a cost basis above $95k.
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,173
- 133,881
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,173
- 133,881
Rangoth
Vyemm Raider
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So while I'll never complain about my 20%+ in a day. if I had not been a paper hands bitch my MSTR puts would be worth almost 3x what I bought them at. This is my weakest aspect of trading(not investing)....when I am up I am so nervous about turning a solid win into a breakeven that I jump ship. I've never figured out how to let it have some legs so appreciate any insight on that.
With shares you can set stop losses or trails, but with options, especially moderately illiquid ones, that is simply not an option(no pun intended). MSTR i probably could have got away with a trailing stop though I guess.
EDIT: I'll add that I didn't get back in the last two days for the same reason I don't buy options or shares on stocks that ripping at all time highs. I'll wait for the eventually channel rest or pull back and get in when IV is lower. MSTR has been a god-damn falling knife every day! So each time I think, "its gonna settle down" it doesnt. I still believe there is some big money to be made in shorting/puts on this, but I am going to wait for another entry opportunity after(if it ever happens) a brief fake confidence jump up.
With shares you can set stop losses or trails, but with options, especially moderately illiquid ones, that is simply not an option(no pun intended). MSTR i probably could have got away with a trailing stop though I guess.
EDIT: I'll add that I didn't get back in the last two days for the same reason I don't buy options or shares on stocks that ripping at all time highs. I'll wait for the eventually channel rest or pull back and get in when IV is lower. MSTR has been a god-damn falling knife every day! So each time I think, "its gonna settle down" it doesnt. I still believe there is some big money to be made in shorting/puts on this, but I am going to wait for another entry opportunity after(if it ever happens) a brief fake confidence jump up.