**OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition - Page 240

08-31-2021, 07:31 AM

#7171

Originally Posted By RobParks2M⏩

hmmm BBIG and SPRT seem to be done?

that train left the station…

"Paper money is going away" - EM

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08-31-2021, 07:40 AM

#7172

Originally Posted By camaleom⏩

that train left the station…

lmao. Then what is next!

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08-31-2021, 07:50 AM

#7173

I'm halfway through "Richer, Wiser, Happier"

Very good book based on Buffett-style investing. An intredasting interview of Mohnish Pabrai brought me to his book "The Dhandho Investor" and it's capitvating AF….

Some of these long-term holders have like 80% of their net worth in one stock, and absolute CRUSH with their returns. Very cool to see people obtain these levels of success with a hands-off approach.

Spoiler alert; you die at the end.

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08-31-2021, 08:33 AM

#7174

Originally Posted By RobParks2M⏩

hmmm BBIG and SPRT seem to be done?

SPRT seems to be done, its being pinned between $30-35 atm

Open interest is tiny everyone was just day trading it.

Now will be slow bleed to $10.

BBIG also looks pretty close to done. Not good that there was no cover pre market (red flag, there was cover monday pre market and thats it)

Trade Volume has dropped.

Call/put ratio is still 85/15 but that enough.

Open interest on 9/10/11 call strikes is good, someone thinking another cover is coming or just hopium.

Seems fairly likely this is coming on SPRT

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08-31-2021, 08:51 AM

#7175

Originally Posted By Woody-5⏩

Still holding some SPRT that I got at 33.63pps
Looks good right now but we’ll see what open brings

Originally Posted By RobParks2M⏩

hmmm BBIG and SPRT seem to be done?

Originally Posted By camaleom⏩

that train left the station…

Originally Posted By Carbonfibre⏩

SPRT seems to be done, its being pinned between $30-35 atm

Open interest is tiny everyone was just day trading it.

Now will be slow bleed to $10.

BBIG also looks pretty close to done.

I'm out of both of this.

I do have an order for SPRT 80 @ 25 if it dips. hopefully it does for a bounce.

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08-31-2021, 08:56 AM

#7176

Originally Posted By Carbonfibre⏩

im holding a NEGG bag around 22.XX on this. can't wait to get out.

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08-31-2021, 09:05 AM

#7177

GME gets over 225 and holds then 240 is the next target I’m waiting for.

Anyone still in gme?

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08-31-2021, 09:18 AM

#7178

Originally Posted By lntense⏩

GME gets over 225 and holds then 240 is the next target I’m waiting for.

Anyone still in gme?

Im napping until 340 tbh

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08-31-2021, 09:21 AM

#7179

Originally Posted By HMFIC_BROWSIN⏩

I'm halfway through "Richer, Wiser, Happier"

Very good book based on Buffett-style investing. An intredasting interview of Mohnish Pabrai brought me to his book "The Dhandho Investor" and it's capitvating AF….

Some of these long-term holders have like 80% of their net worth in one stock, and absolute CRUSH with their returns. Very cool to see people obtain these levels of success with a hands-off approach.

On chapter five currently. Don't be surprised if you hear about me in the next version of this book and how I crushed the market with PLTR gainz.

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Let's go Brandon!!
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08-31-2021, 09:30 AM

#7180

Originally Posted By Duckliver⏩

Im napping until 340 tbh

Hopefully you won’t have to nap much longer

Originally Posted By Elias373⏩

On chapter five currently. Don't be surprised if you hear about me in the next version of this book and how I crushed the market with PLTR gainz.

Besides the moon, what is your actual target on Palantir?

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08-31-2021, 09:39 AM

#7181

Someone explain this chit to me. Bought 452c SPY when price was 451.4. I let it run up a bit and put a break even stop sell. This chit got triggered at 452.1. I didn’t think theta ramps up that fast. Wouldn’t be IV either

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08-31-2021, 09:49 AM

#7182

Originally Posted By dankydank⏩

Someone explain this chit to me. Bought 452c SPY when price was 451.4. I let it run up a bit and put a break even stop sell. This chit got triggered at 452.1. I didn’t think theta ramps up that fast. Wouldn’t be IV either

lol what is the expiration? Options can move 20% with 0 movement on the underlying. Usually spy doesn't move as much, but still can have significant movement without anything really happening. Trading on options is independent from underlying so sometimes they aren't always correlated.

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08-31-2021, 10:19 AM

#7183

Originally Posted By dankydank⏩

Someone explain this chit to me. Bought 452c SPY when price was 451.4. I let it run up a bit and put a break even stop sell. This chit got triggered at 452.1. I didn’t think theta ramps up that fast. Wouldn’t be IV either

you have to be more specific than that

did you buy SPY 090121 452 C ?

Day High 1.26
Day Low 0.69

or

SPY 090321 452 C

Day High 1.89
Day Low 1.27

SPY is the most liquid option you can trade bids are crazy tight down to 0.1 volume is always there you…there will always be someone waiting to take your position.

you could buy/sell 500-1000 contracts and it will always fill instantly.

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08-31-2021, 10:37 AM

#7184

Originally Posted By lntense⏩

Hopefully you won’t have to nap much longer

Besides the moon, what is your actual target on Palantir?

$500. Easily.

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08-31-2021, 10:39 AM

#7185

Wonder what bad news will kick off the September dump. Taliban? Joe Biden gaff? China/Taiwan?

Going to profit on the way down and profit on the way up in any case

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08-31-2021, 10:51 AM

#7186

Originally Posted By TugOfPeace⏩

in b4 September posts spectacular gainz and all puts expire worthless

This. Especially if the infrastructure bill passes.

See title.

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08-31-2021, 10:55 AM

#7187

Originally Posted By TugOfPeace⏩

in b4 September posts spectacular gainz and all puts expire worthless

I mean I wish… but seems unlikely.

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08-31-2021, 10:56 AM

#7188

Originally Posted By RobParks2M⏩

I mean I wish… but seems unlikely.

Based on what?

See title.

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08-31-2021, 11:01 AM

#7189

BEEM is kicking off, might be the next squeeze

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08-31-2021, 11:07 AM

#7190

Originally Posted By Elias373⏩

$500. Easily.

I should have guessed

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08-31-2021, 11:20 AM

#7191

BBIG doing BBIG things

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08-31-2021, 11:24 AM

#7192

Originally Posted By RobParks2M⏩

BBIG doing BBIG things

some bs. buy order @ 6.85

gonna see if i can get in again

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08-31-2021, 11:40 AM

#7193

Originally Posted By TugOfPeace⏩

Solid gains from that SLQT earnings drop a week ago. Bought at $8, seems it may break $10 soon.

Good chit brah, were you swing trading it?

Did you finally exit today?

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08-31-2021, 11:42 AM

#7194

Anyone in CHPT (ChargePoint)?

Working in the electric utility industry and its looking like nearly every utility is planning to put in level 2 chargers throughout their service territory, for two reasons: (1) the capital investment is recovered by the utility's rate base along with a guaranteed rate of return; (2) EV chargers stimulate demand for electricity, allowing the utility to grow revenues long-term… so utility's are throwing in tons of level 2 chargers as part of their strategic plans and will have to begin procuring those charging stations over the next few years… seems like a nice opportunity for the EV charging companies (of which ChargePoint is the leader). Rolling out an EV charging station program is basically the easy button for an electric utility to deploy capital into their ratebase and earn a rate of return on it, so I'm predicting this becomes a nationwide trend soon enough where every utility is building thousands of EV chargers (srs)