Crypto thread

That’s what is available on Robinhood. 

5/1

5/8

5/15 

5/22

5/29

6/5

6/19

7/17

8/21 

etc 

Yes.  All of this has changed a lot over the years — for various reasons.

Any equity that has options will have monthly options, which expire the third Friday of the month.  Then some will offer weekly which expire on the other Fridays.  There are even a handful of equities that have quarterlies.  Some, like SPX are so heavily traded that they have weeklies that expire on Mondays, Wednesdays, and Fridays.  This is because of how heavily traded they are.  Then you will see that some, like you listed, have weeklies for near months but not further out months.  But as those months get closer they will open up weeklies.  

That is why I say you have to be aware of the intrinsic value of these options because of the time premium, volume and the open interest.

There are a lot of things you really need to study and read up on.  

If you are interested I can scrounge around for a couple of good links for you to read. Learning by trial and error can get costly — if you are not careful!

I also noticed you are still buying — but are you putting in sell orders after you buy them? 

Currently $0.59 

Yeah those ultra short options are death to your account...Id suggest going out three months for safety, that means fewer contracts but you are adding time value which matters more than anything.

Wow, there was some frenetic activity in HD about 1230 EST on the daily chart.  Oscillated heavy to the upside, gave it all up, then a steady march higher throughout the day back to the high point.  I'd go nuts trying to figure out the daily moves on anything.. 

Have any of you guys looked at Peloton.  This looks like a prime company that would fall in the future, and  is taking big time advantage of people not going to the gym right now.  I supposed the Million Dollar Question is ;   Do people cancel their Peloton membership and go back to the gym  once gyms re-open ?  I highly doubt people keep  both memberships... Not in this economy.  

Isnt Peleton just a reincarnation of that lousy treadmill company that keeps changing their name?

Ive never thought the margins on large in home equipment were very good, maybe that isnt the case but I know the turnover and death rate on fitness companies seems to be high.

Yeah, they're into the exercise bike.. Not sure why the treadmill isn't part of their mix.  Cost maybe? 

In any event, it's a fixed up exercise bike w/ a nice display and an internet connection for virtual classes.  Wooppee  ..  Lol.     How long before it turns into the most expensive coat hangar in people's rooms.  Lol.   It might be a few years...  That's probably the biggest danger in shorting I suppose. 

Always a difficult decision after a big move in crypto. Hodl and hope for the moon, or Tether up and buy the dip. 

What are we shorting today 

I lost a used Camry in my last HD put 

-$1650 

I think I let this ride, count it as a 100% loss and hope for a miracle? 

Guys! My shorts are not going as planned! 

I think it’s time to load up, and put big money into shorts today. 

Thoughts? 

Would you be throwing good money after bad?

What EXACTLY makes you think now is any better than it was before to short something?

Not trying to be critical. But you have to have SOLID reason(s) to fight the market momentum and direction. 

Also, with these short plays you need to limit your losses!

Ok 2 big plays and that’s it! 

Hilton $57.5 PUT 10/16 

AVG $4.85, 5 contracts 

BAC $19 PUT 11/20 

AVG $1.50, 25 contracts 

For the record: 

Bank Of America is $24.05 

Hilton is $75.66 

I’m done looking at the stock market. Wake me up when the Dow is below 16,000. 

Back to focusing on crypto. 

Where are your sell orders 

Nice move from Bitcoin 

At 100% profit 

Ok. What about the stop orders? At what % loss?

Make sure you have both in place in case they start to go the wrong way.  You don’t ever want 100% loss. 

I know you are trying to pick spots to short.  How are you determining this?  Technical, fundamental, news, feel?

For example, I see 3-4 opportunities today that look promising.  Depending on your criteria.  

BA is announcing 10% VLO today and huge cutbacks in several programs and executives foregoing yearly salaries.  I’d expect a downturn with them on this news and maybe for a time. 

I also think this is a good spot to grab SPX this morning.  It should jump up early and I would watch the charts closely because indications are it will take a hit late morning or early afternoon and then turn again.  Just something to keep an eye on.  Today should be bouncy — so if you pick your spots it might be a good play.  

Why didn’t you guys tell me to put stop orders in? 

They got the cure? 

That’s a shame. 

What do you mean?  I keep telling you to do this.