**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION

[SipNPiz]

Back into SMMT for the third time, usually make 150-250% gains each time I get back in.

[RobParks2M]

Sofi forgot to end world hunger so 10% dip despite beating every Q1 metric and a moderately conservative Q2 guide will naturally crash price. I'm guessing the option crush is really the primarily reason for the dip, but that is fine anyway. My $7 CSP are holding out well for June so I'll just keep holding. Was paid $80 each so no worries there.

DJT haven't continued moving on puts yet. Just too expensive to justify right now perhaps later today or maybe tomorrow I'll start. Wish I could remember how long it takes the EFFECT to drop, but after sleeping on it I think its closer to a month. I'll probably end up getting a few puts later this week but really starting to consider that next week is more likely. Tempted to try selling calls to fund the puts, but would really hate to get absolutely annihilated playing that game.

[GeneralSerpant]

anyone think NVDA is gonna dip again? chit was just as $762 like 10 days ago n now is at $878.

itchin' to buy some more.

Between now and the 30th yeah. I’m guessing it will go down $20-50.

[_zman]

What funds will your 401 contributions be invested into? I’d look into their expense ratios.

Generally, at least contribute enough to get the full match.

Also, max out the Roth each year.

If you’re going into a self-managed taxable account after that, I recommend a simple 3-4 fund portfolio approach.

My personal four are VOO, VUG, VYM, and BND.

This. The expense ratios add up over time and are a very important component that are often overlooked. Look for the index funds available to you and in general, avoid the actively managed funds.

[GeneralSerpant]

I have two stocks with earnings reports today and have loaded them accordingly. So far they are both rising like bread and am vey curious to see what happens as it is a first real gamble move for me.

[RobParks2M]

Loaded some DJT $35 puts at $30 for $18-20 and $35 at $50-55 roughly 20 total exp Friday.


Look at the warrant spread from shares it’s juicy as faurrrrk. The second that EFFECT drops I’m buying all the warrants I can muster and then shorting DJT shares and exercising warrants to consume dat dere spread and cover my short position. Warrant pricing tells me shares will likely hit $32ish once effect is in place.

[SipNPiz]

What does it mean when volume is shooting up like crazy but there is nothing in the order book. I’m looking at SCPX and there is only bid of 6 x .20 but somehow there has been 4m shares of volume? When I look at the order book is it only my brokerage I can see?

[stockbruh]

Any thoughts on SoFi tanking after earnings? Managed to get out right when the market opened for a 6$ gain

[Lefticle]

Any thoughts on SoFi tanking after earnings? Managed to get out right when the market opened for a 6$ gain

Sofi: *Amazing earnings report*

Also, Sofi: *Stock price tanks*

[stockbruh]

A little worried about my PLTR 27$ calls, these stocks are tanking after good earnings reports, looks like if your not doing a buyback or dividend, stock goes down

[GeneralSerpant]

Any thoughts on SoFi tanking after earnings? Managed to get out right when the market opened for a 6$ gain

I’m not surprised, considering.

[taf1968]

Any thoughts on SoFi tanking after earnings? Managed to get out right when the market opened for a 6$ gain

SOFI frequently drops at (or right after) earnings. Own some and am holding . . . I think it will be a good pick long term. But YMMV.

[2020Wellness]

This. The expense ratios add up over time and are a very important component that are often overlooked. Look for the index funds available to you and in general, avoid the actively managed funds.

Hopefully Baroni sees my post and this one!

[RobParks2M]

SOFI frequently drops at (or right after) earnings. Own some and am holding . . . I think it will be a good pick long term. But YMMV.

Yeah if I had to guess I'd presume the reason there is always big moves is due to lopsided options trading around earnings time. Seems like it either rips at the open and then retraces soon after or dumps then reverts back to mean within a couple weeks. Either way I feel very content with net positive earnings, Mid 20% growth, and surprisingly seeing book value making a solid gain into the $4 territory. I like how diverse their business is and I am a big fan of Noto who always has the right thing to say and does the right thing very consistently.


In other trading news someone decided to sell me quite a few NYCB $2P for May 17 strike at $3 each. I may or may not have around 500 of those contracts now... Really gotta hope they release earnings soon and it sucks with bad guidance to boot. The radio silence on when they will release earnings is hopefully telling and I think they gotta have it done by 5/10 so I am really hoping that is the case. Unsure how I ended up with so many extremely short term plays, but I am hoping it somehow works out for one of them.

[Lefticle]

Just absolutely god damn fkn LOL if you aren't leveraging your home into SOFI rn

[GeneralSerpant]

Just absolutely god damn fkn LOL if you aren't leveraging your home into SOFI rn

True.

[Abzu]

Just absolutely god damn fkn LOL if you aren't leveraging your home into SOFI rn

Lol lmk when Sofi goes under $6 then I'll think about it lol

[RobParks2M]

Lol lmk when Sofi goes under $6 then I'll think about it lol

I too liked it at $5


EDIT: HNNNNNNNNNGGGGGG this NYCB dip. I may or may not have around 800 puts lmfao almost ITM on the 2.50s

[stockbruh]

The last 10 months sure were fun looks like it’s downhill from here

[RobParks2M]

No one got any thoughts on plays I've been posting?

NYCB they announced AH today that they are posting earnings tomorrow before market open... So there is absolutely 0 chance for anyone to hedge with options before earnings are announced... pretty scummy move if you ask me. To me, this doesn't mean they have good news, but perhaps they pulled off a miracle at the last minute. They have NEVER announced earnings this late where they put up earnings in May. I've managed to stay pretty resigned to the fact odds aren't great that the shares drop below $2 by next week, but a man can dream.

[kusok]

A little worried about my PLTR 27$ calls, these stocks are tanking after good earnings reports, looks like if your not doing a buyback or dividend, stock goes down

You bought out of money and probably short term. That’s called lotto. For a reason. You crazey boyo?

[kusok]

No one got any thoughts on plays I've been posting?

NYCB they announced AH today that they are posting earnings tomorrow before market open... So there is absolutely 0 chance for anyone to hedge with options before earnings are announced... pretty scummy move if you ask me. To me, this doesn't mean they have good news, but perhaps they pulled off a miracle at the last minute. They have NEVER announced earnings this late where they put up earnings in May. I've managed to stay pretty resigned to the fact odds aren't great that the shares drop below $2 by next week, but a man can dream.

No one thought of this because when you post NYCB the readers eyes automatically scroll down to the next post.

[kusok]

The last 10 months sure were fun looks like it’s downhill from here

Some red days and weeks in bull market are required. No crash is possible with like 4 trillion in stock buybacks. Relax. Besides, buying cheap is supposed to be the fun part.

[Elias373]

$SBUX

Cuckbux shat the bed. Go Woke Go Broke.

[Abzu]

Sold puts, bought calls on INTC and I picked up a big pack of LEG shares at ~$11.50 in the first 48 seconds after market opened lol

You bought out of money and probably short term. That’s called lotto. For a reason. You crazey boyo?

Yeah, true but even if he didn't buy short exp and far OTM it would still be better to sell puts on it, he owns shares already.

I too liked it at $5

Hopeful we will get another chance to buy it at $5, together, <3

[stockbruh]

BITO giving out another fat dividend this time 1.68$ per share, so far this year they’ve averaged out a 1$ every month

[RobParks2M]

Rip puts.

[stockbruh]

Rip puts.

How much did you lose?

[RobParks2M]

How much did you lose?

A little over $1500 assuming nothing crazy happens in the next 16 days. I got most of those puts around $3-5 each. At least 2/3 of them expire 5/17 I didn’t think market was going to like their added expenses, lower interest income, and higher interest expense on top of bad guidance for the year. I guess market was thrilled they aren’t going under yet and I’m sure shorts had to cover as they had like 10% short interest.

[Elias373]

AMZN running