OT: Stock trading

[huskyinfl]

XBI. Spiders bio tech it's cheaper today than it was during the March 2020 crash I'm starting to build a position.

 

[casual-yardin]

My reference to calls was not entirely clear, and it should have been on a separate line or in a separate sentence. To hedge against anticipated declines, I referred to puts bought to provide some cover on overall LT holdings.

Separately, the calls comment was intended to reference Call BUYS to 1. enable right to buy some quality large caps, 2. IF the specific companies potentially dropped to desired BUY exercise prices 3. IF overall US equities declined significantly. Did, exercised.

What you are describing is accomplished by selling puts, not buying calls.

 

[Da_Aisijimo_Gou]

What you are describing is accomplished by selling puts, not buying calls.

Sell put right to buy, or buy call obligation to buy. Accomplished goals, bought at desired exercise prices. Alternatively, spreads yet keeping it simple. Coupla decades+ worked out OK. /s

 

[casual-yardin]

Sell put right to buy, or buy call obligation to buy. Accomplished goals, bought at desired exercise prices. Alternatively, spreads yet keeping

The right to buy/sell comes from buying options. The obligation to buy/sell comes from selling options. Your "strategies" stated above ("2. IF the specific companies potentially dropped to desired BUY exercise prices 3. IF overall US equities declined significantly. Did, exercised.") are accomplished by selling puts, not buying calls.

 

[Da_Aisijimo_Gou]

The right to buy/sell comes from buying options. The obligation to buy/sell comes from selling options. Your "strategies" stated above ("2. IF the specific companies potentially dropped to desired BUY exercise prices 3. IF overall US equities declined significantly. Did, exercised.") are accomplished by selling puts, not buying calls.

True dat, and exercise prices, intended goal(s), and timing matter. Misrepresented why, and when calls were bought. Exercised bought puts, and separately bought calls yet not for reasons in the misstated examplle. Yikes, my bad and still worked. I'll lay off the meds.

 

[B1GEast]

Buying a lot of 23andMe ticker ME

 

[UConnSwag11]

 

[uconndogs]

I'm probably in the minority on this, but I think the Fed is doing the only thing it can do and, ultimately, what it has to do. It will be very difficult to try to determine when equities hit the trough. I think real estate is next. Crypto and memes........well..........

 

[Hurleyman216]

I think today is gonna be wild…you might see the market down 600-800 points but it may be up by the end of the day. Lots of clueless funds playing games and many of them are going to end up going bankrupt.

 

[DaddyChoc]

Anyone bought Amazon after the split?

 

[UConnSwag11]

Anyone bought Amazon after the split?

Nah

 

[WestHartHusk]

These are LOL funny takes. The way people laugh at crypto but then happily invest in S&P/DOW companies which I'm sure are excellent for the environment and no criminal activities happen.

To the OP I use FTX & Voyager and try to avoid Coinbase cause their fees are insane. I don't use any type of cold storage because I don't really care since I rather stake or swap

Been meaning to come back and point to the scoreboard.

 

[Excalibur]

Been meaning to come back and point to the scoreboard.

Those who bought crypto in 2017 are still up several hundred percent. Just saying . . .

 

[polycom]

Been meaning to come back and point to the scoreboard.

At least you tagged me when you tried to dance on my head.... Also, people who invested in Tesla or NVDA I'm sure would also like to point to the scoreboard.

 

[WestHartHusk]

Those who bought crypto in 2017 are still up several hundred percent. Just saying . . .

And then never bought again. How many of them exist?

 

[husky429]

And then never bought again. How many of them exist?

I bought 5 ethereum for like 75 a piece years ago. Sold last fall for 4400 a piece or something. Getting a nice vacation out of it and a bit of baby savings.

I didn't get rich off it, but best investment I made by the numbers. I don't really dabble in crpyto any more, just here and there in my play money fund

 

[storrsroars]

And then never bought again. How many of them exist?

At least one

 

[tiger8mush]

LINK now around $6.20. Good time to buy, or still room to fall?

 

[Scot-e]

I’ve been nibbling on LINK, DOT - BITCOIN could still drop down to the 11K range at some point - so I’m not backing up the truck yet.

 

[huskyinfl]

XBI. Spiders bio tech it's cheaper today than it was during the March 2020 crash I'm starting to build a position.

$65 to $82 + out biotech is still a trade but 20% in 5 weeks in this market has to be sold.

 

[Chin Diesel]

Well, GE is officially named its three new companies as it splits up.

GE Aerospace- Keeps the trademark and revamped logo
GE Verona- Isn't this a flavor of coffee?? It's now also a power generation and renewables company
GE Healthcare

General Electric Unveils New Brand Names, Logo, Ahead of Historic Split

“Today marks a key milestone in GE’s plan to become three independent, laser-focused companies," said CEO Larry Culp.

www.thestreet.com

Personally, I have no feel for how any of this shakes out and won't touch any one of the three.

 

[I Bleed Blue]

Well, GE is officially named its three new companies as it splits up.

GE Aerospace- Keeps the trademark and revamped logo
GE Verona- Isn't this a flavor of coffee?? It's now also a power generation and renewables company
GE Healthcare

General Electric Unveils New Brand Names, Logo, Ahead of Historic Split

“Today marks a key milestone in GE’s plan to become three independent, laser-focused companies," said CEO Larry Culp.

www.thestreet.com

Personally, I have no feel for how any of this shakes out and won't touch any one of the three.

Lmao, love it. I work in Gas Power, now soon to be Vernova. I’ll put in a comment that our new company name sounds like a coffee blend.

GEHC will be the first to spin off in 1Q-2Q23. Vernova will split end of 2023-early 2024. Pretty sure the meatball will be used across all 3 businesses post split.

 

[huskyinfl]

Which GE gets jammed up with all those pensions?

 

[HuskyHawk]

Lmao, love it. I work in Gas Power, now soon to be Vernova. I’ll put in a comment that our new company name sounds like a coffee blend.

GEHC will be the first to spin off in 1Q-2Q23. Vernova will split end of 2023-early 2024. Pretty sure the meatball will be used across all 3 businesses post split.

Yeah, we are working on how we sell to the three. Seems GE is ending its shared service IT business that supported all of them. So expects to move to a data center free model for the Newcos.

 

[CONN78SEJ]

Well, GE is officially named its three new companies as it splits up.

GE Aerospace- Keeps the trademark and revamped logo
GE Verona- Isn't this a flavor of coffee?? It's now also a power generation and renewables company
GE Healthcare

General Electric Unveils New Brand Names, Logo, Ahead of Historic Split

“Today marks a key milestone in GE’s plan to become three independent, laser-focused companies," said CEO Larry Culp.

www.thestreet.com

Personally, I have no feel for how any of this shakes out and won't touch any one of the three.

I’d be interested in GE Aircraft Engines, which is basically what GE Aerospace will be. It is by far the biggest of the three new GE companies, and has the most upside given the run up all the other defense and aviation companies have had over the past 12 or 13 years. Their main competition is Pratt & Whitney, Rolls Royce, Lockheed Martin, General Dynamics, Northrop Grumman, Boeing and CFM which half owned by GE anyway. GE Aircraft Engines dominates the turbofan market.