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» **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition
06-24-2021, 08:49 AM
#4471
Originally Posted By RobParks2M⏩
My gut feeling after watching banking stocks for two decades, and being a huge WFC bull, (it’s well documented and I was ridiculed as a “boomer” for being heavy on WFC in the low $30’s-mid $20’s) is that above $45 felt really rich for me in today’s market. WFC is not an options stock either. It’s a buy and hold and forget about kind of stock, only to be evaluated when it drops to see if it’s worth adding to, or in the possible black swan scenario that the banks like WFC are being replaced.
I'd prob take profit above 50% on something like that. Odds aren't good that WFC is going to push ITM for you and its straight up move from the last couple days probably pushed premiums higher than they technically should be right now.
Realistically there will probably be a down day next week where you could probably get back at what you originally paid for the option if you really believed it is going to hit $50+ by mid July.
Realistically there will probably be a down day next week where you could probably get back at what you originally paid for the option if you really believed it is going to hit $50+ by mid July.
WFC is about 5% of my portfolio now and I’m happy to see it wobble around in the $40’s for quite sometime.
Btw personal portfolio is still about 85% PLTR
06-24-2021, 08:53 AM
#4472
ARK seems to be making a comeback. Bought a few more shares this week.
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06-24-2021, 08:55 AM
#4473
Originally Posted By Lefticle⏩
Always going to be some plays, just saying a decent majority of tech may pull back some in the next couple weeks. Nothing drastic imo. Currently trading cciv myself.
CCIV is almost to the point to where I want to start building a good position on my trading account (still have 30 shares at $17 that I’m just holding in my investment account. It’s a little risky stock but I think it will take off once/if they start producing.
I’m a market degen though.
06-24-2021, 09:18 AM
#4474
Does anyone know how it works when you are trading low volume options what order you get your fill in?
Lets say I am buying an option at $1 and there are 300 contracts trying to be bought as the "Bid". If I have 30 in there that are my buy orders when can I expect mine to be filled? Is it first come first serve so whoever had their buy offer sitting there longest gets filled first?
Lets say I am buying an option at $1 and there are 300 contracts trying to be bought as the "Bid". If I have 30 in there that are my buy orders when can I expect mine to be filled? Is it first come first serve so whoever had their buy offer sitting there longest gets filled first?
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06-24-2021, 09:28 AM
#4475
Originally Posted By RobParks2M⏩
That depends on broker. Its should be first submitted.
Does anyone know how it works when you are trading low volume options what order you get your fill in?
Lets say I am buying an option at $1 and there are 300 contracts trying to be bought as the "Bid". If I have 30 in there that are my buy orders when can I expect mine to be filled? Is it first come first serve so whoever had their buy offer sitting there longest gets filled first?
Lets say I am buying an option at $1 and there are 300 contracts trying to be bought as the "Bid". If I have 30 in there that are my buy orders when can I expect mine to be filled? Is it first come first serve so whoever had their buy offer sitting there longest gets filled first?
Just up the buy limit above the $1 by like 1-2 cents you will get fill right away.
That being said unless its super far away.
I hate options with low volume and wide bid ask.
Of course if its far away and you're certain it will work than no issue.
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06-24-2021, 09:31 AM
#4476
Originally Posted By Carbonfibre⏩
I would.
That depends on broker. Its should be first submitted.
Just up the buy limit above the $1 by like 1-2 cents you will get fill right away.
Just up the buy limit above the $1 by like 1-2 cents you will get fill right away.
But that was an example. I'm actually buying $25/contracts and lots of them so adding 2 cents makes it 8% more expensive lmao
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06-24-2021, 09:32 AM
#4477
Originally Posted By RobParks2M⏩
give me scoop lmao
I would.
But that was an example. I'm actually buying $25/contracts and lots of them so adding 2 cents makes it 8% more expensive lmao
But that was an example. I'm actually buying $25/contracts and lots of them so adding 2 cents makes it 8% more expensive lmao
is it spac options?
frx?
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06-24-2021, 09:36 AM
#4478
Originally Posted By Carbonfibre⏩
lolz yeah Ipof Aug $10C
give me scoop lmao
is it spac options?
frx?
is it spac options?
frx?
I'll prob get fuked but its fine
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06-24-2021, 09:58 AM
#4479
Originally Posted By lntense⏩
TDOC looking like a good buy too. Just picked up 48 shares.
Always going to be some plays, just saying a decent majority of tech may pull back some in the next couple weeks. Nothing drastic imo. Currently trading cciv myself.
CCIV is almost to the point to where I want to start building a good position on my trading account (still have 30 shares at $17 that I’m just holding in my investment account. It’s a little risky stock but I think it will take off once/if they start producing.
I’m a market degen though.
CCIV is almost to the point to where I want to start building a good position on my trading account (still have 30 shares at $17 that I’m just holding in my investment account. It’s a little risky stock but I think it will take off once/if they start producing.
I’m a market degen though.
See title.
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06-24-2021, 10:00 AM
#4480
fully agree on CCIV and SNOW not too shabby either
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06-24-2021, 10:02 AM
#4481
Why is tesla ripping so hard?
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06-24-2021, 10:07 AM
#4482
Originally Posted By RobParks2M⏩
someone started buying
Why is tesla ripping so hard?
no headline
was in huge wedge for while
market is rotating back to tech imo
wouldn't go balls deep since we have no idea if this is too good to be true or not
look at 1 month 3 month performance etc
tech probably got beaten to shiit
1 week
1 month
just look at arkk over $130 pretty much signaling that tech/growth is back
arrk pretty much holds only tech/growth could easily gauge is we rotated back to this
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06-24-2021, 10:12 AM
#4483
06-24-2021, 10:22 AM
#4484
Originally Posted By NoScrubz⏩
Would never bet on TSLA going down, not too long ago many people lost doing this
Hedge funds coming for me. RIP
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06-24-2021, 10:27 AM
#4485
Originally Posted By dopamine72⏩
TBF I opened it up when it was around $820 but should've closed out months ago. Only did 1 contract so kept holding on for max gainz lol
Would never bet on TSLA going down, not too long ago many people lost doing this
06-24-2021, 10:43 AM
#4486
Y'all are sleeping on the upside potential of VIAC.
06-24-2021, 10:49 AM
#4487
Originally Posted By Venom08⏩
literally removed that from my watch list earlier today
Y'all are sleeping on the upside potential of VIAC.
06-24-2021, 11:06 AM
#4488
About to close on a refinance.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
06-24-2021, 11:11 AM
#4489
Originally Posted By lntense⏩
Don't pay closing costs with cash right now. Interest rates are so low that you should roll as much as your possibly can into the loan (finance) and invest your cash. IF interest rates were 10%, then I'd say pay with cash, but the are like 3% max right now. Which is less than inflation.
About to close on a refinance.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
See title.
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06-24-2021, 11:16 AM
#4490
Originally Posted By lntense⏩
mine was $0 closing but I'd think you would have told them before you signed closing docs? You could always put the cash on the mortgage balance right after close as well…
About to close on a refinance.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
edit: are you sure its not just the excrow amount? escrow from previous loan has to be refunded directly to you so they usually put the reserve amount onto the new loan…
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06-24-2021, 11:25 AM
#4491
Originally Posted By lntense⏩
cause it is like "free" money
About to close on a refinance.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
where can you get a loan for 10-20k when you only pay 2-3% interest? same reason people get HELOC instead of a credit card
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06-24-2021, 11:29 AM
#4492
wishing i re-opened a new position with TSLA….all my last posts were pretty much how i was waiting for it to hit low 500s before loading back up, now it looks like it's about to take back off to who knows where…i last sold around 730 and 710, looking like i missed a good opportunity to get back in
AAPL and AMZN were nice to me this past week
AAPL and AMZN were nice to me this past week
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06-24-2021, 11:29 AM
#4493
Originally Posted By Lefticle⏩
exactly!
Don't pay closing costs with cash right now. Interest rates are so low that you should roll as much as your possibly can into the loan (finance) and invest your cash. IF interest rates were 10%, then I'd say pay with cash, but the are like 3% max right now. Which is less than inflation.
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06-24-2021, 11:32 AM
#4494
Originally Posted By twovalvekid⏩
What? I asked for credibility in the form of all time net p&l because some guy didn't want to admit a mistake. You know, maybe he really could have been an expert and the market was just irrational?
All things considered, this is a pretty ironic statement TBH.
Originally Posted By chino3⏩
I don't even have a problem with you and you're constantly trying to cancel me, who's crying again?
Quit crying and fist yourself.
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06-24-2021, 11:53 AM
#4495
Originally Posted By lntense⏩
Just finished my IRRRL paperwork today. There's the total closing costs that might look alarming but there's also the escrow closing costs which should make up the majority of the costs. All of which I added to the loan. I ended up adding around $6k to my loan, but like $4k of that is escrow. I ended up getting a credit of $43 and will miss at two monthly payments, which I might payback into the loan or just buy more stock. With interest rates so low, it's no big deal adding it to the loan. My payback period is under 36 months.
About to close on a refinance.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
Any additional things I should know to ask besides the obvious?
Why would they include closing costs in the cost of the loan? I said I could pay closing costs with cash.
The key is looking at the origination costs of the loan and if they're charging any points, this should be in section A of the loan fee breakdown.
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06-24-2021, 12:11 PM
#4496
Originally Posted By _zman⏩
I'm not paying any extra into my mortgage. Just take the 2 month skip and put the extra money in the market. It's just not worth paying down the mortgage since rates are so low. Mine is 2.25%. I actually wish I pulled as much equity out as I could. Would have put it straight into the stock market and/or another house. But I don't want to risk my rate, pay to refi again, and I don't NEED the cash.
Just finished my IRRRL paperwork today. There's the total closing costs that might look alarming but there's also the escrow closing costs which should make up the majority of the costs. All of which I added to the loan. I ended up adding around $6k to my loan, but like $4k of that is escrow. I ended up getting a credit of $43 and will miss at two monthly payments, which I might payback into the loan or just buy more stock. With interest rates so low, it's no big deal adding it to the loan. My payback period is under 36 months.
The key is looking at the origination costs of the loan and if they're charging any points, this should be in section A of the loan fee breakdown.
The key is looking at the origination costs of the loan and if they're charging any points, this should be in section A of the loan fee breakdown.
See title.
Always Neg Back Crew.
06-24-2021, 12:12 PM
#4497
Originally Posted By BulkingIsHard⏩
What? I asked for credibility in the form of all time net p&l because some guy didn't want to admit a mistake. You know, maybe he really could have been an expert and the market was just irrational?
I don't even have a problem with you and you're constantly trying to cancel me, who's crying again?
I don't even have a problem with you and you're constantly trying to cancel me, who's crying again?
Not even sure why you post here. All you do is whine. Add nothing to the actual discussions here either, and the only way you post positions is after you've closed them and secured a profit.
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06-24-2021, 12:17 PM
#4498
Originally Posted By Lefticle⏩
I have the same thought process, but savings on the payment will likely go into the market. Also considered some cash out but simply don't need it right now and not sure the VA allows that on IRRRL. We'd also be buying at all-time highs. Likely moving in a few years, I can use the equity then, if I need it. A lot to think about. I think we're doing it right though.
I'm not paying any extra into my mortgage. Just take the 2 month skip and put the extra money in the market. It's just not worth paying down the mortgage since rates are so low. Mine is 2.25%. I actually wish I pulled as much equity out as I could. Would have put it straight into the stock market and/or another house. But I don't want to risk my rate, pay to refi again, and I don't NEED the cash.
I'm more than likely paying the minimum payment for the life of the loan. Hard to beat 2.25%, reduced payment by like $230/month.
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06-24-2021, 12:43 PM
#4499
Appreciate the feedback fellas.
Just signed, and I have no idea why I didn’t think of rolling them in due to the interest rates right now, herp deep moment. But I did, and basically just got a 7k loan at 3%. Can always pay more into the principal.
Just signed, and I have no idea why I didn’t think of rolling them in due to the interest rates right now, herp deep moment. But I did, and basically just got a 7k loan at 3%. Can always pay more into the principal.
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