What are you buying today?

[competitive-advantage]

Added some Maersk A

[Dave86ch]

Added to Bitcoin

[Castanza]

TSN 

[Spekulatius]

19 hours ago, Castanza said:

TSN 

That's an interesting one. The CEO / heir sleeping on the couch somewhere and reliving his fraternity years shouldn't really impact fair value all that much.

[Castanza]

4 minutes ago, Spekulatius said:

That's an interesting one. The CEO / heir sleeping on the couch somewhere and reliving his fraternity years shouldn't really impact fair value all that much.

 

LOL yeah could be interesting to see how this shakes out with the news. I think TSN looks relatively cheap here. Sure, some supply chain issues still but they are chugging along. Trading at a discount to peers, but hoping it drops more with some unsavory news. Very very small starter position and something I'd like to hold long term in the Roth at a 1% position. 

[tnathan]

Time to buy some SPY puts again...Market making a big rally, Vix under 25, buy some protection in case this is another head fake.

[LC]

Do you think SPY puts are the best way to do so? I've been using QQQ and IWM puts 

[Gregmal]

Tesla puts

[fareastwarriors]

9 minutes ago, Gregmal said:

Tesla puts

 

What price and expiration you buying while sipping Baccarat bourbon?

[Gregmal]

More 170s and also just some lazy mans TSLQ. My only hedge at the moment so its really a lot more than just a "Tesla gone fail" bet. I still firmly believe that if growth cant work with 3-5% rates than Tesla is fucked. TWTR is just entertainment. All while I root for Musk to pull it all off. 

[tnathan]

2 hours ago, LC said:

Do you think SPY puts are the best way to do so? I've been using QQQ and IWM puts 

No probably not just keeping it simple. These will work if QQQ goes down too.

[Spekulatius]

On 11/11/2022 at 9:43 AM, Castanza said:

 

LOL yeah could be interesting to see how this shakes out with the news. I think TSN looks relatively cheap here. Sure, some supply chain issues still but they are chugging along. Trading at a discount to peers, but hoping it drops more with some unsavory news. Very very small starter position and something I'd like to hold long term in the Roth at a 1% position. 

Bought a few shares of $TSN this AM.

 

Earnings seemed OK in the grand scheme of things.

[Gregmal]

Few more VAL warrants 

[Castanza]

16 minutes ago, Spekulatius said:

Bought a few shares of $TSN this AM.

 

Earnings seemed OK in the grand scheme of things.

 

Yeah, still some lingering supply chain issues and the chicken margins might come down but who cares in the long run. Revenue is still solid and overall margins look fine. They managed through a terrible few years and now are trading at a discount to peers. Yeah meat sales are down across the board but so is pretty much everything else in retail/consumer. 5-6x looks cheap enough to me to slowly build a position. Dividend looks safe sitting at a 15% payout ratio. 

[rohitc99]

34 minutes ago, Gregmal said:

Few more VAL warrants 

I have been looking at TDW and VAL too. any reason why you picked the warrants over the common ?

[Gregmal]

8 minutes ago, rohitc99 said:

I have been looking at TDW and VAL too. any reason why you picked the warrants over the common ?

Way more leverage and 7 years to double seems mightily doable 

[LC]

(sold) covered calls on LPX

[fareastwarriors]

+ $msge

[Red Lion]

Averaged up on FRFHF and rolled over a big chunk of t bills that matured today to 2/28 t bills at 4.2 ytm. 

[matthew2129]

5 hours ago, fareastwarriors said:

+ $msge

+1

[Luke]

Added a tiny bit of meta

Edited November 16, 2022 by Luca

[Ross812]

Sold $50, 18 November Puts on IAC. 

[Saluki]

Added a little META, FFX India, MU and ATEX.  Trimmed a little FFH and ATCO (I am hoping the take private vote fails and I can buy it back lower, but at this price if it goes through then I am not getting much by holding till the end). 

[Gregmal]

I hate being a scumbag on the short side, but more Tesla short positions 

[LC]

Love it. Dipping below the 170s?

 

I use bear spreads and then buy a crazy OOM put for cheap, in case it really crashes hard. 

Edited November 18, 2022 by LC