Daily Discussion Thread for September 26, 2022

  1. Fellow retreads, I hope everyone made some money today. My own total is $4624 realized gains... however because I have a bunch of boomer stocks, the net for the day is a bit diasappointing. I'll still get the (really good) dividends from them, and the prices will again surge, but it drags my overall profits. All considered, though I'm +$4624 realized gain and +6995 unrealized gain for the day.

  2. Calls on Amazon when SPY bottoms. Prime Video has good content and comes with tons of other useful services. Corporations aren't going to be cutting AWS fast either.

  3. Makes sense. There's just this small tiny detail to figure out: how will you know SPY bottomed? :D

  4. hbomax is not bad..although yeah netflix is trash because of the woke mind virus content it has. why ANYONE would pay for that garbage let alone willingly watch it is beyond me.

  5. WHY are people here buying/selling SPY options? I'm really trying to understand. Is it just gambling but you think the odds are better than in a casino?

  6. SPY has extremely high option volume which means that you don't need to worry about your order filling. It is also generally less volatile than other comparable options and grabs lots of sectors so you can essentially wager on the macro economics of market without as much risk.

  7. So, I set up a new account for nothing but trading $SPY options. First trade was 9/13, with starting balance $1000. Balance right now is $3177.76. I'm trading both directions, and making money both directions.

  8. All joking aside I opened a webull account and have deposited only $2 for my promotional fraction shares which ended up adding up to around $82. The account is currently at $2600 on nothing but SPY. Both ways. It’s easier to not paper hand when you’re playing with free money. This is the way, fellow regard.

  9. On Black Monday, the DJIA fell 508 points (22.6%), accompanied by crashes in the futures exchanges and options markets.[18] This was the largest one-day percentage drop in the history of the DJIA. Significant selling created steep price declines throughout the day, particularly during the last 90 minutes of trading.[19] Deluged with sell orders, many stocks on the NYSE faced trading halts and delays. Of the 2,257 NYSE-listed stocks, there were 195 trading delays and halts during the day.[20] Total trading volume was so large that the computer and communications systems in place at the time were overwhelmed, leaving orders unfilled for an hour or more

  10. I see a lot of folks preaching about Black Monday. I was there, I lived it, and reworked my 401 to T-notes a couple weeks before. I warned all my coworkers about what was coming... their typical response was "if you're so fucking smart, why are you working here?"

  11. If today wasn't a day for plunder then no day will ever be. Today was fantastic if youd been preparing for it after that 430 bullshit

  12. Reddit has a paid team called Anti-Evil Operations (part of the "Trust" & "Safety" team) which goes around permanently banning accounts for saying bad words. We made automod block them so you don't lose your account for saying a word and getting reported. It's not our rule, it's the entire website now, we're just trying to look out for our people. Sorry.

  13. FAWK, I could make about another 4k today, except I bought a ton of puts with unsettled funds and don't want to get another schedule R restriction...

  14. Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.

  15. Pfffft! AH hasn't even hit the low of they day. It's only down 50 cents in the first 6 minutes and we closed 97 cents over the day's low.

  16. I love how most bulls are just like yeah I’m gonna buy calls just because it’s down so much in the past couple of weeks now that’s good logic keep buying calls and losing money

  17. That was one of the dumber days we've seen in a while. Price action literally all over the god damn place. MMs trying to shake paper hands on all sides.

  18. keeping my large short position but switching to be short term bullish on a smaller scale. too overextended down imo

  19. Reddit has a paid team called Anti-Evil Operations (part of the "Trust" & "Safety" team) which goes around permanently banning accounts for saying bad words. We made automod block them so you don't lose your account for saying a word and getting reported. It's not our rule, it's the entire website now, we're just trying to look out for our people. Sorry.

  20. SPY basically down 10% on the 1M and 20% if you let it go back an extra week to when we were at ~430 lol

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