What are you buying today?

[boilermaker75]

Wrote some WFC 29.5 strike, Dec 18 expiration puts for $0.21.

 

I wasn't assigned, even though WFC closed at 29.01!

[Dynamic]

Wrote some WFC 29.5 strike, Dec 18 expiration puts for $0.21.

 

I wasn't assigned, even though WFC closed at 29.01!

 

Wow, that's quite a surprise, but I guess it can be a useful bonus that you can probably replace that exposure either with a higher premium or a lower strike at a good IRR. I don't do this as much as you, but I've never had that happen. The most unusual thing for me was to have a few contracts assigned to me a good number of days before expiry.

[boilermaker75]

Wrote some WFC 29.5 strike, Dec 18 expiration puts for $0.21.

 

I wasn't assigned, even though WFC closed at 29.01!

 

Wow, that's quite a surprise, but I guess it can be a useful bonus that you can probably replace that exposure either with a higher premium or a lower strike at a good IRR. I don't do this as much as you, but I've never had that happen. The most unusual thing for me was to have a few contracts assigned to me a good number of days before expiry.

 

I used to have this happen on occasion, but only when the put was in the money by just a few cents. In the last few years, even when the put was in the money by only $0.01, I was getting assigned.

[jondoug]

Wrote some WFC 29.5 strike, Dec 18 expiration puts for $0.21.

 

I wasn't assigned, even though WFC closed at 29.01!

 

Wow, that's quite a surprise, but I guess it can be a useful bonus that you can probably replace that exposure either with a higher premium or a lower strike at a good IRR. I don't do this as much as you, but I've never had that happen. The most unusual thing for me was to have a few contracts assigned to me a good number of days before expiry.

 

I used to have this happen on occasion, but only when the put was in the money by just a few cents. In the last few years, even when the put was in the money by only $0.01, I was getting assigned.

 

I had something similar happen. I had written WFC covered calls with a strike of 29.5. The covered shares got sold at 29.5, even though market closed at 29.01.

[boilermaker75]

Wrote some WFC 29.5 strike, Dec 18 expiration puts for $0.21.

 

I wasn't assigned, even though WFC closed at 29.01!

 

Wow, that's quite a surprise, but I guess it can be a useful bonus that you can probably replace that exposure either with a higher premium or a lower strike at a good IRR. I don't do this as much as you, but I've never had that happen. The most unusual thing for me was to have a few contracts assigned to me a good number of days before expiry.

 

I used to have this happen on occasion, but only when the put was in the money by just a few cents. In the last few years, even when the put was in the money by only $0.01, I was getting assigned.

 

I had something similar happen. I had written WFC covered calls with a strike of 29.5. The covered shares got sold at 29.5, even though market closed at 29.01.

 

You covered call at 29.5 is essentially the same as my naked put at 29.5. There must of been an expectation of WFC opening well above 29.5 today.

[elliott]

HK 1113

[wescobrk]

Good lord, I bought 10 shares of Quantumscape when it was at $13 before the spac merger. I was going to research it but never got around to it. I have a 10 bagger but I only put a hundred dollars into it. I guess a thousand dollar profit is better than nothing. Too bad I didn't buy a 100 shares.

[Gregmal]

Been shorting some MSGE puts. Rotated a bunch of FSR warrants into some very OTM GM calls for 2022/23, added a bit more to BKEP, and picked up a starter position in some AAPL puts. Also tacked on a few more shares to ARKG short.

[no_free_lunch]

Jan 2022 calls on GOLD.  $30 strike.  Just an inflation hedge.

[elliott]

SE0007525332

XBT BTC

[keerthiprasad]

ccrc

[Gregmal]

I decided on an experiment. Will help with my bubble project.

 

Live like a RH rockstar for a bit. So before heading out to the supermarket to grab dinner, I figured, lets do this. Went to StockTwits. Top trending stock, XL. Lets buy 100 shares. Due diligence? Fuck it. #1 Trending is all the due diligence one needs. If its trending, it must be the shit. Entered market order. Cuz limit order are for pussies. Filled at 31.13. Shut the laptop...didnt want to work too much harder. Got in the car. Peddled around the grocery store acquiring items for tonights stuffed peppers. Headed over next door to the liquor store to get the nights beverages. Drove home. Kicked on the laptops. Sold for $33.17. Definitely a much easier way to make money in the market than all this other bs Ive been doing for years now. Heck, some of my value stocks only do 6% a year.

[gfp]

I decided on an experiment. Will help with my bubble project.

 

Live like a RH rockstar for a bit. So before heading out to the supermarket to grab dinner, I figured, lets do this. Went to StockTwits. Top trending stock, XL. Lets buy 100 shares. Due diligence? Fuck it. #1 Trending is all the due diligence one needs. If its trending, it must be the shit. Entered market order. Cuz limit order are for pussies. Filled at 31.13. Shut the laptop...didnt want to work too much harder. Got in the car. Peddled around the grocery store acquiring items for tonights stuffed peppers. Headed over next door to the liquor store to get the nights beverages. Drove home. Kicked on the laptops. Sold for $33.17. Definitely a much easier way to make money in the market than all this other bs Ive been doing for years now. Heck, some of my value stocks only do 6% a year.

 

It's an interesting time...  I follow this small company AirT, controlled by Nick Swensen, which I (unfortunately today) don't own shares in.  I have kept their filings in my RSS feed since Swensen picked a fight with Biglari.  I liked AirT yesterday and was encouraged by some news they filed after the close.  They have been really good at taking in PPP and Main Street Fed program money as well.  So today the stocktwits / robin hood crowd is suddenly aware of them because they are "low float" and "trending" or whatever.  This company usually barely trades and they have had to keep halting it all day.  First at 13 and change, now at 18.10, and they can't seem to get it to open again but indications are currently at 30 / share...  Just nuts to see it happen in real time.  Nobody cares what the news is or what the company does - just ultra low float and she's running!  Pile in!

 

One of the funnier quirks to this is the 1000% move in a warrant that entitles you to buy Preferred shares that haven't budged and can be purchased below par.  But I suppose people think AIRTW might be a warrant on the common...  It isn't.

[DooDiligence]

I decided on an experiment. Will help with my bubble project.

 

Live like a RH rockstar for a bit. So before heading out to the supermarket to grab dinner, I figured, lets do this. Went to StockTwits. Top trending stock, XL. Lets buy 100 shares. Due diligence? Fuck it. #1 Trending is all the due diligence one needs. If its trending, it must be the shit. Entered market order. Cuz limit order are for pussies. Filled at 31.13. Shut the laptop...didnt want to work too much harder. Got in the car. Peddled around the grocery store acquiring items for tonights stuffed peppers. Headed over next door to the liquor store to get the nights beverages. Drove home. Kicked on the laptops. Sold for $33.17. Definitely a much easier way to make money in the market than all this other bs Ive been doing for years now. Heck, some of my value stocks only do 6% a year.

 

It's an interesting time...  I follow this small company AirT, controlled by Nick Swensen, which I (unfortunately today) don't own shares in.  I have kept their filings in my RSS feed since Swensen picked a fight with Biglari.  I liked AirT yesterday and was encouraged by some news they filed after the close.  They have been really good at taking in PPP and Main Street Fed program money as well.  So today the stocktwits / robin hood crowd is suddenly aware of them because they are "low float" and "trending" or whatever.  This company usually barely trades and they have had to keep halting it all day.  First at 13 and change, now at 18.10, and they can't seem to get it to open again but indications are currently at 30 / share...  Just nuts to see it happen in real time.  Nobody cares what the news is or what the company does - just ultra low float and she's running!  Pile in!

 

Sounds like a formula for the new 21st century value investor.

 

Discover & buy, low float, thinly traded business.

Pump to WSB / RH crowd.

Dump.

 

edit: DJCO anyone?

[gfp]

The craziest part is these warrants for the trust preferred income securities traded from .05 to 1.50 (sorry 2.75 while I type LOL) today and they are not even warrants to purchase the common stock.  They are warrants to purchase an 8% income vehicle, kind of like a rights offering.  But you can't short the warrant because there are barely any out there.  They were set to expire but just got extended.  I have no idea how many remain outstanding but it's not much.

[Gregmal]

Yea there's definitely a bit of predictability especially in terms of pattern recognition to some of these things. One of the main reasons I like the spac trades.

 

Almost every time it goes like this.

 

1) Run to big name/promoting sponsor (IE Chamath types), 2) deal announcement 3) transfer period between share owners from institutions to retail 4) trend on Twitter/stocktwits 5) to the moon.

 

If you have a bit of a trading sense, its exciting and fun, but its also important to stay near the exit for when the music inevitably stops. I wasnt involved in the market during the tech bubble. But having studied it and just history in general, I never understood the "bubble" comparisons we've been hearing about non stop from many folks over the past decade. However over the past couple months, its basically everything they'd teach in a textbook on the subject. All the red flags are there. They are getting bigger and bigger. Rule in life in to never be the first or last guy at the party...

 

EDIT: grabbed a few BABA today

[Viking]

I decided on an experiment. Will help with my bubble project.

 

Live like a RH rockstar for a bit. So before heading out to the supermarket to grab dinner, I figured, lets do this. Went to StockTwits. Top trending stock, XL. Lets buy 100 shares. Due diligence? Fuck it. #1 Trending is all the due diligence one needs. If its trending, it must be the shit. Entered market order. Cuz limit order are for pussies. Filled at 31.13. Shut the laptop...didnt want to work too much harder. Got in the car. Peddled around the grocery store acquiring items for tonights stuffed peppers. Headed over next door to the liquor store to get the nights beverages. Drove home. Kicked on the laptops. Sold for $33.17. Definitely a much easier way to make money in the market than all this other bs Ive been doing for years now. Heck, some of my value stocks only do 6% a year.

 

Sounds like the internet has replaced the bucket shops from the early days of stock trading. One on my favourite reads is ‘Reminiscences of a Stock Operator’ by Lefevre (i love historical stuff).

[Gregmal]

Reminiscences of a Stock Operator is probably one of the best stock market related books Ive ever read. Livermore was quite the case study. Fascinating fellow.

[boilermaker75]

Reminiscences of a Stock Operator is probably one of the best stock market related books Ive ever read. Livermore was quite the case study. Fascinating fellow.

 

I read it at least 20 years ago, but recall it was quite an entertaining read.

 

Livermore was quite the plunger making, and losing, a fortune at least a couple of times.

[maxthetrade]

 

Sounds like the internet has replaced the bucket shops from the early days of stock trading. One on my favourite reads is ‘Reminiscences of a Stock Operator’ by Lefevre (i love historical stuff).

 

I second that, great book and fun to read! Another great read I highly recommend is 'The Crowd' by Gustave Le Bon.

 

[fareastwarriors]

Could you guys pump office REITs? Thanks in advance.

[Gregmal]

Could you guys pump office REITs? Thanks in advance.

 

You missed SQFT? j/k

[alpha]

House - I purchased a house on Canada's West Coast. The price was ridiculous but I got a 5y fixed mortgage for under 2%. Going to ride out the pandemic lock down there and maybe use it as a rental afterwards.

[Gregmal]

Finally got filled on a handful of MSGE $100 Feb calls.

 

Added a few shares of BABA pre market.

 

Sold this, rolled profit into MSGE Feb $100 calls.

 

Sold all but 15 contracts here. Who says you can be north of 75% of open interest on an illiquid OTM option?

 

 

Also bought some mid January VIX calls, shorted some ARKK, added small amount of AMT and a few NATH.

 

 

[Gregmal]

Finally got filled on a handful of MSGE $100 Feb calls.

 

Added a few shares of BABA pre market.

 

Sold this, rolled profit into MSGE Feb $100 calls.

 

Sold all but 15 contracts here. Who says you can be north of 75% of open interest on an illiquid OTM option?

 

 

Also bought some mid January VIX calls, shorted some ARKK, added small amount of AMT and a few NATH.

 

Covered the ARKK and rolled profit into ARKK puts. Bought a few CLPR with some MSGE call proceeds. Gotta keep the NY recovery theme going. Just slide further down the ladder. Also added to ZM short.