Agrippa07 Posted March 26, 2021 Posted March 26, 2021 closed puts in NIO (got lucky with timing) and opened new small positions: DISCK and VIAC
lnofeisone Posted March 29, 2021 Posted March 29, 2021 Sold Creswood preferred and rotated into CEQP (albeit a bit late) @26.40. Bought some DISCK@34. Thanks Wabuffo.
Gregmal Posted March 29, 2021 Posted March 29, 2021 A bit of BAC. Why not.Took a starter here today as well. First time owning it since probably 2017 or so. Setup looks nice.
shhughes1116 Posted March 29, 2021 Posted March 29, 2021 VIAC Jan 2023 puts @ $40 strike for $11.50. I'd be happy to buy Viacom again in the high 20's.
dutchman Posted March 31, 2021 Posted March 31, 2021 Buying bac !? Been thinking about selling! Maybe we're in a new world where banks rerate as worries about a gfc type event fade.
fareastwarriors Posted March 31, 2021 Posted March 31, 2021 22 minutes ago, dutchman said: Buying bac !? Been thinking about selling! Maybe we're in a new world where banks rerate as worries about a gfc type event fade. I think it depends on your time horizon. I think there are multiple factors still at play in near term from getting out of the Fed's regulatory lock on buybacks and higher dividends , rising rates, loan loss reserves being released, and control on expenses. Sure it ran up quite a bit and some news are baked in but there be some more upside to go!
Gregmal Posted March 31, 2021 Posted March 31, 2021 Dont think it depends on anything other than identifying which cycle your are projecting and where the tentacles of the octopus reach. Banks have undergone a fundamental purge over the past decade and are now integral to the implementation of basically anything that is likely to unfold. That said, Im not trying too hard to be cute on this. I did start BAC the other day but its just another angle where BRK wins.
fareastwarriors Posted March 31, 2021 Posted March 31, 2021 Picked up some more APTS It feels like I just clone Gregmal's ideas.
Gregmal Posted March 31, 2021 Posted March 31, 2021 24 minutes ago, fareastwarriors said: Picked up some more APTS It feels like I just clone Gregmal's ideas.
Agrippa07 Posted March 31, 2021 Posted March 31, 2021 opened position in Alibaba/ BABA, at current valuation this is starting to look very interesting. Reminds me of the position Tencent was a couple years back. Also added a bit to VIAC.
Gregmal Posted April 1, 2021 Posted April 1, 2021 What am I buying today? Took my 4 year old to get T-ball stuff. Holy fuck did it make me feel old. Glove, helmet, hat...$150. 20 years ago I busted my ass for 15 hours doing landscaping work to pay for a Nokona glove I needed for HS ball. Now before you can even hit the kids up with chores you're spending nearly $200 for stuff they'll grow out of in 12 months..and the adult gloves are pushing $300 for run of the mill quality stuff...crazy. Dont even want to think about hockey equipment for the fall. Hopefully no one follows me into that trade!
Every Banana Counts Posted April 1, 2021 Posted April 1, 2021 MKL- I am surprised I did not hear more people talking about Markel right now. I am really excited Saurabh Madaan joined the team. He seems like an outstanding human, and I expect he does a great job. I also think MKL is selling at a good price assuming their future looks anything at all like their past (big assumption).
Gregmal Posted April 1, 2021 Posted April 1, 2021 Today's rip seemed like a fine opportunity to tack on some more shares to the ARK shorts, so I seized the opportunity. Also added a few shares of MSGE.
fareastwarriors Posted April 1, 2021 Posted April 1, 2021 18 hours ago, Gregmal said: What am I buying today? Took my 4 year old to get T-ball stuff. Holy fuck did it make me feel old. Glove, helmet, hat...$150. 20 years ago I busted my ass for 15 hours doing landscaping work to pay for a Nokona glove I needed for HS ball. Now before you can even hit the kids up with chores you're spending nearly $200 for stuff they'll grow out of in 12 months..and the adult gloves are pushing $300 for run of the mill quality stuff...crazy. Dont even want to think about hockey equipment for the fall. Hopefully no one follows me into that trade! Lucky for that kid, his dad is printing money in the markets!
ContrarianValue44 Posted April 1, 2021 Posted April 1, 2021 On 3/29/2021 at 3:27 PM, shhughes1116 said: VIAC Jan 2023 puts @ $40 strike for $11.50. I'd be happy to buy Viacom again in the high 20's. Hi, thanks for your comment! Wondering why you are negative on Viacom at today's prices? Thanks!
Castanza Posted April 1, 2021 Posted April 1, 2021 APTS (thanks Greg seems interesting) ATCO AMZN BRKB
shhughes1116 Posted April 3, 2021 Posted April 3, 2021 On 4/1/2021 at 3:43 PM, ContrarianValue44 said: Hi, thanks for your comment! Wondering why you are negative on Viacom at today's prices? Thanks! I wouldn't say I am negative. I originally bought Viacom in the mid-20s, HODL through the March 2020 tank, and then sold in the high-40s (and missed the subsequent rip to $100) I tend to think mid-40s is a fair price, and I tend to think high-20s is a reasonable price to accumulate. When volatility is high, I like to sell at the money puts for stocks I like. In this case, the premium was too juicy to resist, and puts me into the stock at my buy price if I am put the shares.
MattR Posted April 3, 2021 Posted April 3, 2021 On 3/26/2021 at 4:46 PM, Ulverski said: Hi! Added to PhosAgro (LSE: PHOR) and Flow Traders (AMS: FLOW) Also few days ago I bought small position in iShares ETF on Turkey. Just a test drive, we will see. Hey, do you have more information on both? Their numbers look great.
wabuffo Posted April 3, 2021 Posted April 3, 2021 (edited) I like to sell at the money puts for stocks I like. In this case, the premium was too juicy to resist, and puts me into the stock at my buy price if I am put the shares I think one has to be very careful with this strategy. A closer look indicates that selling naked puts is almost always a bad strategy. 1) if one is selling puts at a strike price above one's estimate of IV, then one is not getting adequately compensated in terms of premium for the risk being taken. IOW - one is selling insurance way too cheaply. 2) if the strike price of the naked put is at or below your estimate of IV, then you are better off buying the underlying stock. Why bother with the naked puts in this case? There could be times where selling puts makes sense - but usually because someone like Buffett is accumulating the underlying stock. He has done this in the past when he believes he is buying a stock trading below IV and wants to lock in the price for continued accumulation beyond the immediate term of his buying (eg, KO in 1993-94 and BNSF in 2009-10). wabuffo Edited April 3, 2021 by wabuffo
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