2020..the paper chase continues

Missing out? We are making money hands over fists. Options are not the only game in town you know! It's time to shed the superiority complex about options. There are risks in every form of trading.

buck,

This is the exact mentality from the 1998-2001 era when I was a broker...people were long anything tech related and thought it would never end. I remember clients buying out of the money options on anything fiber optic related and made thousands and millions when the market was like it is now. NONE of them survived the year stretch of the .com bust, nobody came out of it alive...I saw accounts go from 4 million to sub 1 in the manner of months. People were so used to buying blocks of calls a few months out and just expecting those returns.

Its fun to toss a long shot out there and get lucky but dont fool yourself, most people lose in the options market and if you consistently play out of the money calls less than six months out you will lose. Ive been roasted too many times to take fliers on a 10 buck option and in this market you are paying heavy for beta and that stacks the odds firmly against you. 

I remember being a member of Silicon Investor back then...which is akin to this group you are involved in..people would trade options and post about it...super active group and when the market was hot nobody could lose and after 2002 Silicon Investor was a ghost town.

Buck as you know I don't mess with options. I watch CNBC and the experts speak often about their out of the money options expiring worthless. That's not a game I'm willing to play without even considering the implications of playing the short side and getting hit with big losses on a TSLA runup or even worse a margin call. Who want's to be forced to liquidate solid positions to pay a margin call? 

I understand you are making "extra" profits and are proud of yourself. I'm happy collecting dividends, capital gain distributions, and stock growth on the long side. It works for me. 

I'm not interested in gambling on options. Too much risk. 

buck,

The markets dont care about a virus even when pics are shown of China in a standstill or that it is creeping into Europe, the initial scare was SHORT lived and we are right back higher because the markets only care about one thing. Earnings are not great, GDP is not great, consumer, corporate and government debt are at mega high levels, housing market is overheating and it does not matter. The single thing that matters is the FED and cheap debt. The markets are leveraging cheap debt at multiples not seen ever and in fact this virus thing makes them happy because it means the FED will either stay put or cut so their bloodline continues and they will keep leveraging FED funds to 10x and just buy the market or buy government debt and make that differential all day long.

Its truly the worst possible reality about capitalism that nothing matters except the elite making money..the fact that savers have been shafted for 20 years and government debt is out of control, GDP is lousy, average schmuck earnings are not even tracking true inflation...the bearers of the cost of capitalist profits mean nothing...its all about capitalist greed and the federal reserve.

I'm cold right now Buck. Somehow I didn't think PENN was a good deal at $31. APPS is in a great business. People love mobile technology and all that stuff. It looks like they are profitable if you can trust their earnings reports. 

The chart looks OK. I'm would not be so concerned about missing out on last weeks pop if I was considering buying it as it basically only recovered lost ground. 

Wall....savers haven't been getting shafted. That's where I disagree with you. Savers have shafted themselves by not understanding the implications of low rates and an increasing money supply. Finances is survival of the fittest. Everyone can learn, but many are not interested. The uninterested pay the price.

This is really sad to read. To say that savers who do not want to risk are to blame when the only option is to take risk to get a yield is a horrible concept you are floating.

The winners of low rates are mortgage holders, corps, hedgies and market players and governments that is pretty much it. The losers are savers and the middle/lower class. Low rates have not floated to consumer debt or student loan debt so those with the least are feeling the most pain because there is little benefit and maximum pain. In addition when rates ever do go up those taxpayers and benefit needing middle/lower class will also suffer.

How can you suggest that being force into risk assets for any kind of return is a sensible decision? Its absurd. My in-laws are in their 80's so they should take assets that are relied upon for living into the stock market so they can get a return right?

Absurd...just a terrible thought.

In the 80's when Certificates of Deposit were paying 14% and a mortgage loan cost you 15% or more and inflation was running rampant is the other side to this argument. Savers had their dream situation but was this the economy you wanted. Cars doubled in price. Everything cost more almost on a monthly basis. Government spending was out of control and the Fed response was to raise rates even more in an attempt to tame inflation. But savers did just fine right? 

Student loan rates are another issue entirely but you can 100% blame Obama and Congress for that. Politics got in the way preventing the lowering rates to and sabotaged student's futures with crippling rates that are more than triple the nationwide averages. Car dealers were giving 0% loans but students were getting 7-8%. What a crime that was and remains to this day.

So yeah, it's unfortunate for savers today. That said, the FED has been singing the same tune since the 2008-2009 crisis and if a person didn't bother to educate themselves so that they might understand the implications of such a dramatic multi-decade decline in rates, then who's fault is it? I'm not floating any concepts. I'm just dealing with the situation as it is. As I said, survival of the fittest translates to economics too. It's sad how many people have zero idea what happens when the Fed lowers rates. 50-somethings going to their jobs every day to work for the man, while they have zero understanding of finances, rates, markets, etc. It's pathetic. Who's fault is it for the overall lack of knowledge on finances in this country in your opinion?

Unreal moves the past week..largest one day drop followed by the largest one day gain.[image from unapproved source]

SPY puts were freakn total insane payouts..bought puts 10 OTM and were total bangers next day.

OMER back to high teens..I dumped a big chunk from just over 18.

Gamble,did you ever get in Omer shares?

BigFNpoo

Did u add to Omer and did you sell any shares today?

Been posting on this stock for yrs and its moves like this that have me sitting on a position that I have ZERO risk in.

OMER mid 13s or lower insta buy EVERY TIME

Everybody who doubts OMER or has been on the fence about buying take 20 mins and search the web for drugs that have had 2 BTD (breakthrough designation therapy) from FDA and what happened to those drugs.

If you find one that wasnt approved let me know

P.S.

The doctor has said time and time again he wasnt going to partner or sell out to big pharma..

Hes kept his word and even kept dilution to a minimum.Once BLA fully submitted countdown clock of 6 months will start ticking.

OMER FTW!!

I take that as a no for buying into OMER Gamble?

LMAO..3+ yrs of watching a stock go from 11s to 20s to 11s over and over and nobody wants to buy in or do any research or even discuss it?

C'mon yall!!

I wont make any more threads here and clutter up the board since they are all just echo chambers of me posting trades with a reply from somebody else every few weeks. 

GL peeps