RedLion Posted April 25, 2023 Share Posted April 25, 2023 Got a partial fill on some July SPY bear spreads at $395/390 for $1.10 Link to comment Share on other sites More sharing options...
wisowis Posted April 25, 2023 Share Posted April 25, 2023 DHR Link to comment Share on other sites More sharing options...
Luca Posted April 26, 2023 Share Posted April 26, 2023 Added to FFH Link to comment Share on other sites More sharing options...
Dave86ch Posted April 26, 2023 Share Posted April 26, 2023 (edited) 14 hours ago, sleepydragon said: This is crazy. Chinese stocks must be one of the most hated investments now. or someone is selling regardless of the price—imo feel like some brokers have a big short put position and need to hedge regardless of the price. reminds me in 2008 how hated moody’s were and even Buffett sold some. I don't delude myself into thinking there aren't risks involved, but yes, I am patient. If I don't make bold decisions when opportunities arise, the years spent learning and writing about investing will have been wasted. Added to Bitcoin yesterday. Edited April 26, 2023 by Dave86ch Link to comment Share on other sites More sharing options...
Luca Posted April 27, 2023 Share Posted April 27, 2023 Sold some more Meta and added to FFH Link to comment Share on other sites More sharing options...
Jaygo Posted April 27, 2023 Share Posted April 27, 2023 On 4/22/2023 at 9:09 AM, Jaygo said: GGG. Graco. Not cheap and possibly overearning. Hands down the best of the fluid pumping tech businesses. You buy graco when you demand the best and most reliable. In the contractor segment there is literally no close competitor in quality. Rookies and weekend warriors buy Titan and Wagner but it’s junk once you own a graco unit. Price paid is too high but I need to anchor and I haven’t bought it since the 30s about six years ago. If it takes a beating I will certainly average down. had some funds come in and wanted to place it somewhere. Graco with nice earnings today. Revenue up 7 % year over year. Earnings up 22% year over year. Gave cautious guidance due to uncertainty in macro. Also bought in about 3 million shares in the full year. Surprised by the process sales being so robust. Maybe a hangover from new factory completions slowed down due to covid. Process segment sells fluid applicators like glue pumps for apparel, flow metering equipment, and sprayers for non-nutritive cereal varnishes and such. Link to comment Share on other sites More sharing options...
RedLion Posted April 27, 2023 Share Posted April 27, 2023 Added to my July 21 395/390 SPY bear spread. If the SPY drops 5% by July, this will return about 400%. I've been most successful hedging with bear spreads as they often tend to be profitable even if the stock/index drops only a modest amount versus going long puts which need a bigger move in the underlying to profit. Link to comment Share on other sites More sharing options...
frommi Posted April 27, 2023 Share Posted April 27, 2023 @RedLion Yes, good idea. My problem is that this has tax implications because you take a huge loss on one leg. Germany is a weird land when it comes to taxes on capital gains and you can only deduct a fixed sum of option losses. Finalized my longer term put positions (dec23) on DAX,MDAX and SPY, which now make up 6% of my portfolio. Should be enough to protect against a large drop. Also bought more BATS. Link to comment Share on other sites More sharing options...
RedLion Posted April 27, 2023 Share Posted April 27, 2023 3 hours ago, frommi said: @RedLion Yes, good idea. My problem is that this has tax implications because you take a huge loss on one leg. Germany is a weird land when it comes to taxes on capital gains and you can only deduct a fixed sum of option losses. Finalized my longer term put positions (dec23) on DAX,MDAX and SPY, which now make up 6% of my portfolio. Should be enough to protect against a large drop. Also bought more BATS. These are not very tax efficient for me either, if they're profitable then I get taxed on short term gains, but at least I can write off the net, so if they end up losing money I can take that as a short term loss. Overall I ended up having significant short term hedging gains last year by rolling over 30-60 day bear spreads. The taxes suck, but at least I managed not to lose money even though my portfolio wasn't positioned particularly right (e.g. concentrated perfectly timed portfolio in FFH and META ala @Parsad) This year haven't had any hedges on until the last two weeks, and I've built up a large position in ITM and OTM BAM puts and BAM and SPY bear spreads. I've been thinking about selling my BAM OTM puts ($30 puts) and rolling the whole position into ITM bear spreads on BAM. Link to comment Share on other sites More sharing options...
dipod Posted April 27, 2023 Share Posted April 27, 2023 June 2023 $400 SPY puts Link to comment Share on other sites More sharing options...
Ross812 Posted April 27, 2023 Share Posted April 27, 2023 Sold half of my Meta shares today and added quite a bit to Fairfax and Deutsche Telekom. Link to comment Share on other sites More sharing options...
Luca Posted April 28, 2023 Share Posted April 28, 2023 I doubled my BN Position and sold some Micron and Amazon for it Link to comment Share on other sites More sharing options...
DooDiligence Posted May 1, 2023 Share Posted May 1, 2023 increased DPZ by 20ish % with some NVO funds Link to comment Share on other sites More sharing options...
Saluki Posted May 2, 2023 Share Posted May 2, 2023 Added some NETI and CPNG. Link to comment Share on other sites More sharing options...
jfan Posted May 2, 2023 Share Posted May 2, 2023 Ffh Link to comment Share on other sites More sharing options...
Saluki Posted May 2, 2023 Share Posted May 2, 2023 Sold a bit of junk and bought some Seritage preferred (SRG-PA), STNG, VTS, OXY Link to comment Share on other sites More sharing options...
Ross812 Posted May 2, 2023 Share Posted May 2, 2023 Added to USB and CASH. Link to comment Share on other sites More sharing options...
lnofeisone Posted May 2, 2023 Share Posted May 2, 2023 Reloaded VTS and added across all banks that contributed the $30B to FRC. Bought HQI. Link to comment Share on other sites More sharing options...
treasurehunt Posted May 3, 2023 Share Posted May 3, 2023 Bought some more USB Link to comment Share on other sites More sharing options...
benchmark Posted May 3, 2023 Share Posted May 3, 2023 Bought some more Google and Fairfax Link to comment Share on other sites More sharing options...
Luca Posted May 3, 2023 Share Posted May 3, 2023 Trimmed more Meta for BN Link to comment Share on other sites More sharing options...
Malmqky Posted May 3, 2023 Share Posted May 3, 2023 FHN. I expect TD to go through with the deal, albeit at a lower price. Link to comment Share on other sites More sharing options...
Mephistopheles Posted May 3, 2023 Share Posted May 3, 2023 21 minutes ago, Malmqky said: FHN. I expect TD to go through with the deal, albeit at a lower price. Well they’re waiting on regulatory approval (which given the climate would be stupid not to approve). But regulators are stupid as we’ve seen. It’s not expected they’ll approve the deal by the time TD is allowed to walk away, which is in the next few weeks. FHN and TD are negotiating terms to extend the deadline but like you said, it may be at a lower price. Personally I feel there are better risk/rewards in the industry. Link to comment Share on other sites More sharing options...
Value_Added Posted May 3, 2023 Share Posted May 3, 2023 GLDD Bid market is opening, costs are under control. Next couple of years look bright. Link to comment Share on other sites More sharing options...
Malmqky Posted May 3, 2023 Share Posted May 3, 2023 (edited) 3 hours ago, Mephistopheles said: Well they’re waiting on regulatory approval (which given the climate would be stupid not to approve). But regulators are stupid as we’ve seen. It’s not expected they’ll approve the deal by the time TD is allowed to walk away, which is in the next few weeks. FHN and TD are negotiating terms to extend the deadline but like you said, it may be at a lower price. Personally I feel there are better risk/rewards in the industry. Upside is ~ 30%, definitely lower than I'd like. Downside doesn't seem too bad however, so the risk/reward skew seems *ok* to me. Even if the deal is pushed back yet again, my thinking is: TD wants the assets This may be TD's last chance to get a deal done in the US for a while assuming Biden gets another term Like you said, its stupid for regulators not to approve it This set-up makes me believe some kind of sale is going to happen within the next few months here, hopefully in the $22-25 per share range. EDIT: Great timing on this one lol Edited May 3, 2023 by Malmqky Link to comment Share on other sites More sharing options...
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