Castanza Posted April 27, 2022 Share Posted April 27, 2022 smidge of BC and PCYO Link to comment Share on other sites More sharing options...
boilermaker75 Posted April 27, 2022 Share Posted April 27, 2022 3 hours ago, gfp said: So we have two "cheap" stocks trading near their 52 week lows reporting earnings tomorrow before the bell - BC and ABG. Both are likely to report a good quarter, ABG is likely to raise guidance. Will be interesting to see market reaction. I'm thinking about writing the May 20, 65-strike puts on BC. Nice return and margin of safety. Link to comment Share on other sites More sharing options...
CorpRaider Posted April 27, 2022 Share Posted April 27, 2022 More SMG Link to comment Share on other sites More sharing options...
gfp Posted April 27, 2022 Share Posted April 27, 2022 36 minutes ago, boilermaker75 said: I'm thinking about writing the May 20, 65-strike puts on BC. Nice return and margin of safety. Well I imagine the prices and volatility will change by the time the options market opens post-earnings tomorrow but who knows Link to comment Share on other sites More sharing options...
boilermaker75 Posted April 28, 2022 Share Posted April 28, 2022 4 hours ago, gfp said: Well I imagine the prices and volatility will change by the time the options market opens post-earnings tomorrow but who knows My error, I misread and thought earnings were after market tomorrow. Probably missed it then. Link to comment Share on other sites More sharing options...
Gregmal Posted April 28, 2022 Share Posted April 28, 2022 Swing some ALCO into more AIV and VRE Link to comment Share on other sites More sharing options...
aws Posted April 28, 2022 Share Posted April 28, 2022 On 4/26/2022 at 3:11 PM, aws said: UNTCW - $63.74 strike warrants expiring in 5 years on a stock trading at $58. Black-Scholes should price this in the $20s I would think, but they are trading for $6 on the high side down to a penny on the low side. I think they just became tradable today after a two year long bankruptcy and people are just taking what they can get for them. Well this worked out spectacularly. No change in the underlying share price, but the warrants have repriced up toward what would be reasonable. I actually was able to buy some of these for as little as 8 cents each, and two days later they at $13.25. Link to comment Share on other sites More sharing options...
lnofeisone Posted April 28, 2022 Share Posted April 28, 2022 30 minutes ago, aws said: Well this worked out spectacularly. No change in the underlying share price, but the warrants have repriced up toward what would be reasonable. I actually was able to buy some of these for as little as 8 cents each, and two days later they at $13.25. Awesome trade. Well done! Link to comment Share on other sites More sharing options...
hasilp89 Posted April 29, 2022 Share Posted April 29, 2022 (edited) 7 hours ago, aws said: Well this worked out spectacularly. No change in the underlying share price, but the warrants have repriced up toward what would be reasonable. I actually was able to buy some of these for as little as 8 cents each, and two days later they at $13.25. Curious how you came across this? (And well done) Edited April 29, 2022 by hasilp89 Link to comment Share on other sites More sharing options...
aws Posted April 29, 2022 Share Posted April 29, 2022 3 hours ago, hasilp89 said: Curious how you came across this? (And well done) I was involved with the stock and its bonds before the bankruptcy and have followed the process. The shares were listed last January but the warrants kept getting delayed. The warrants would have been nearly worthless if they came public at the same time as the shares because the strike price so high. The shares traded around $7 when they went public, about 90% haircut for the bondholders, and the warrants were structured that they wouldn't be in the money until the bondholders were made whole. But a lot has changed for energy stocks in the past 15 months, and now the stock was trading at nearly the same strike price as the warrants. I was quite interested to see what the warrants would trade at under the circumstances, thinking they might trade a few dollars under fair value. And to my surprise they came public at 1 penny per warrant. So it didn't matter what fair value was, I just stuck bids out there and some people sold to me at pennies on the dollar. It took a couple of days before price discovery took place, and I was able to vacuum up a big chunk of the warrants. Link to comment Share on other sites More sharing options...
Castanza Posted April 29, 2022 Share Posted April 29, 2022 CLF, X X P/E 2.14 Anyone else looking at this? Net debt down to 1.1b from 2.9 over last 5Q. So another 3Q before debt is gone we could see increased capital return. Share repurchase 123m with 500m still available. Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 29, 2022 Share Posted April 29, 2022 Some BRK.B to celebrate the old guys. enjoy the meeting! Link to comment Share on other sites More sharing options...
Viking Posted April 29, 2022 Share Posted April 29, 2022 GOOG, AMZN, added to BAC, CRM, DIS, NFLX Link to comment Share on other sites More sharing options...
Spekulatius Posted April 29, 2022 Share Posted April 29, 2022 Flipped most of my FB into GOOGL. Added to CMCSA and a bit of DOCN. Link to comment Share on other sites More sharing options...
ourkid8 Posted April 29, 2022 Share Posted April 29, 2022 Citi, 0.6x TBV is very interesting Link to comment Share on other sites More sharing options...
Parsad Posted April 29, 2022 Share Posted April 29, 2022 3 hours ago, Viking said: GOOG, AMZN, added to BAC, CRM, DIS, NFLX Same. I finally initiated my first positions ever in GOOGL, AMZN and DIS today. Hope they continue to fall...I was jacked up on cash and still have about 35% of my portfolio in cash after starting those positions...since we all know that cash is what stupid people hold! Cheers! Link to comment Share on other sites More sharing options...
JRH Posted April 30, 2022 Share Posted April 30, 2022 On 4/26/2022 at 2:53 PM, Williams406 said: PTHRF I watched the webinar and am wondering what I'm missing. Probable answer: I don't know how to handicap late-stage O&G exploration. Their current valuation seems to imply a much lower chance of production success than I suspect they are actually facing. Link to comment Share on other sites More sharing options...
Gregmal Posted May 2, 2022 Share Posted May 2, 2022 Closed my $300 June QQQ puts and then shorted a bunch more for ~$12. This seems overdone. Link to comment Share on other sites More sharing options...
bizaro86 Posted May 2, 2022 Share Posted May 2, 2022 ABNB calls. I have a couple of geographically distributed airbnbs, and Q1 was as crazy as I've ever seen it. Other hosts said the same. I got 3x more than same dates in 2019 for some listings. I think they're going to blow out earnings, but I'm a wuss, so I bought the calls for later in the year so if I'm wrong I'll still have time value to limit my losses. The market is expecting huge volatility - short term options are very, very expensive. Link to comment Share on other sites More sharing options...
Castanza Posted May 2, 2022 Share Posted May 2, 2022 (edited) VET, CLF, DAC, MATX Edit: AIV Edited May 3, 2022 by Castanza Link to comment Share on other sites More sharing options...
Paarslaars Posted May 3, 2022 Share Posted May 3, 2022 Switched some BRK.B from my personal account to my family account. Doubled my PCYO position at 10.45. Link to comment Share on other sites More sharing options...
throw123 Posted May 3, 2022 Share Posted May 3, 2022 brk.b and Prosus Link to comment Share on other sites More sharing options...
WFF Posted May 3, 2022 Share Posted May 3, 2022 Added to PYCO, AIV, FRPH Link to comment Share on other sites More sharing options...
cubsfan Posted May 3, 2022 Share Posted May 3, 2022 (edited) JOE $52.10 & AIV $6.18 & MSGE $72.21 & PCYO $10.33 That's enough for today.. Edited May 3, 2022 by cubsfan Link to comment Share on other sites More sharing options...
Buckeye Posted May 3, 2022 Share Posted May 3, 2022 7 hours ago, cubsfan said: JOE $52.10 & AIV $6.18 & MSGE $72.21 & PCYO $10.33 That's enough for today.. Is this the GMAL ETF? Link to comment Share on other sites More sharing options...
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