/biz/ - Business & Finance

GALT

Best option plays to make at open?

THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN

who here /KO/ gang?

>>17193339
>GALT
>SNSS
>ROKU

>>17193339
About time

>>17193356

>SALT on a tear since SNSSfag sold

How y'all feel about GE? still a shit company but making steady recovery progress

>>17193356
Got a lot of LEAPs on this. If KO hits 67 in the next year i'm going to have a lot of money

>>17193327
>He bought 80k worth of AMD at 32.
Well. Who's laughing now?

All in UAA at open

why should I buy MO over BTI?

>>17193339
I need a 60% increase to get back to even. If it dips tomorrow I'll average down.

>>17193359
Rundown on SNSS play, fren? I want to make sure I know the plan.

I was thinking about buying Ford stock it seems too low to not buy

lmaoing@this ontx faggot's life

>>17193425
I've been screaming "buy baby buy" since it tanked down to 6.66 a pop. I'm the same dude who recommended buying T during the Dec 2018 mega dip when it was under 30 a pop. Also the dude who said to bag AMRN in 2019. Those who did saw it hit 26 a pop. But oh well.

>>17193327
hey /biz/ i have a couple k coming my way soon and im thinking of investing it. currently researching the process and going through the links in the OP to figure it all out. what are some of your personal tips? and how hard is it to actually get into buying and trading stock? So far it appears easy enough conceptually, but what are some pitfalls retards like me end up falling into? never invested in anything before

>>17193454
based

>>17193248
UPRO, you guys don’t want to sleep on this one!

>>17193479
Why should you buy BTI over MO?
What’s so good about Britain?
I’m only buying Glaxo in Britain, nothing else.

>>17193536
So how do you think progress will be? seems like it'll level out soon. also anything on your forecast?

>>17193495
The dip was 2.55-2.65. Did you average down then?

Im not selling ONTX... IM NOT FUCKING SELLING!!

>>17193513
nice file size, queer

>>17193603
I was buying dips back in the 4's and 3's. Stopped and decided to just hold what I had since the market took a steaming pile on it. Silver lining is what I do have will be in long term gains in a few months.

Remember to listen to smart anons so you dont make dumb mistakes :')

>>17193513
In your head you can read how pumped he was then he is talking under his breath.

Congrats to all who shorted ONTX, and to those who held their positions. I am still comfy at .39. There is massive after hours volume for those who are reaccumulating. This is a brand new drug for ~60000 MDS patients who have literally nothing to lose by using it. There's no other drug. Tens of thousands of dollars per patient per year. Billions of market cap. They will be bought out by BMY (their combo test partner with Rigosertib/Vidanza) as soon as Rigosertib gets FDA approval. Biggest steal on the NASDAQ.

>>17193641
t. Rocksolidinvestor88

>>17193359
ROKU looks decent.

DIX - 42.4%
GEX - 5,722,246,614
Another tick up in DIX and GEX!
Not major but very reassuring.

>>17192782
>both your indicators
If you mean my indicators like the ones I use, I don't actually use those or trust those or know how they work. They're just the defaults.

I do like A/D though. Any essentials you like?

Oh. Customized the chart. I think I fucked up.

>>17192844
I missed it! I went to the stupid gym and couldn't keep an eye on everything from my phone! That's literally the strategy that got me from a majorly red portfolio to a big huge green port. Good Job!

Did get that dippy in LHX tho :3
And some LMT put spreads, very coo

>>17193513
heres my take, repost from my post at the end of last thread

>>17192906
yeah i have a feeling just gotta ignore the wild swings in the short term and wait until june when FDA approvals come in. if the drug works as it seems to be doing, it will be a financial goldmine for the company.

the disease is fairly rare but take into account 60,000 people have it in the USA. if even half of those people get treatment, paid for by insurances or medicare, and ONTX sells the drug at a profit of $1,000 per treatment/dose (which is an incredibly low conservative estimate considering the exorbitant astronomical prices of cancer drugs), that gives you 30,000 x $1,000 = $30,000,000 in pre-tax sales revenue. which for a company that has operating costs of about $20,000,000 a year is a huge deal. this one product could completely turn the company around from where it sits now. anytime you have cornered a niche in a market thats a good thing. they dont have any competition so you know their drug is pretty much going to be the only one sold as treatment to those patients. i dont know but to me this makes me think there is some hope to profit here still, especialy at 50 cents a share. i think we just got caught in a classic penny stock pump and dump orchestrated by a few large bag holders today but im thinking longer term. not even that long term, just a few months

https://money.cnn.com/quote/financials/financials.html?symb=ONTX&dataSet=CFS

unironically why is DB pumping?
my puts are worthless now

Just checked, ONTX under .50 now. I don't think it's coming back.

>>17193577
GE has made progress. No doubt they're in better shape than they were. But the whole Boeing mess will effect them to, how long who can say. My big worry is that due to the strain the Boeing mess will put on them they'll be forced to, perhaps, unload more parts of GE. Which would be bad. You can only cut so much before you eat into your Profit. Power is showing signs of being stable so that's a plus.

looool crashing with no survivors
R/S when???

>>17193735
>I do like A/D though. Any essentials you like?
I use Chaikin money flow, TSI as a wavy line crossy although there are a number of similar things that perform pretty much same depending on settings, and the two main ichimoku lines (kijun and kenkan aka base line and conversion line) set slightly longer than default. That's all. Entering above Kijun is risky if kenkan is below it. Never enter anything that hasn't traded entirely above the kenkan line (if it's below kijun) in recent few days.

That said, my nat gas trade is outside the bounds of my own rules but I am taking the risk because of proximity to 20 year lows.

Oh.
Was I supposed to buy back in the nikkei?

I’m never gonna get a qt seifuku gf at this rate

ONTX is going to reach 2$+ very soon

>>17193672
kek. I actually made good profit, got in at .46 and sold at .61

How does a biotech company's shares go from being 30+ all the way down to .14 anyways? What caused that with ONTX? i am assuming since its a research company and not something that actually generates income until they make a breakthrough in their research and get contracts and whatnot. Is it even possible for this company to get back up to 30+ a share at this point?

>Being this delusional
god I dont even need stand up anymore stocktwits is a one stop shop for laughs

>>17193536
Care to scream about stuff that hasn't pumped yet?

Go Long
>Everything dumps
Go Short
>Everything Climbs
Go Long again
>Everything Dumps

Been a shit year for me so far on this global casino ponzi scheme, lost all my gains just trying to make money to pay the fucking rent

Feeling really sad anons :(

>>17193874
>>17193897
Reminder from three threads ago

>>17193960
Have you tried not being an idiot who is trying to get rich quick?

>>17193898

It's a good question. A lot of these flash in the pan mooning biotech stocks turn out to be shadows of their former selves if you look way back in time, when they were in the hundreds or even thousands. All relegated to penny stocks with nearly the volatility of crypto.

>>17193474
Why fren? You know something we don't I assume. Care to share?

>>17193960

Time in the market > timing the market

>>17193973

Yeah i keep messing with leveraged positions and for every 5% gain I lose 10% in flash crashes

Now im a gambling addict used to 5-10% moves, cant just put my money in VOO and watch my net climb 0.1% a day like normal white folk

>>17193960
Me too bruh... I could’ve just bought spy or q’s And I would’ve been very happy. But bored.

I’m bullish but I never get good entry points. Fomoing in some cash tonight.

>>17193563
in the US they got the american spirits for bernie supporters and the newports for them negroes. can't see MO beating that.

>>17193960
Buy TSLA and hold it for a few years. Put the rest of your money in ETFs.

Anyone ever mainly invest in companies new to the stock market either through IPO's or just afterwards? I feel like this could be very profitable if DD is performed well and catastrophic if not.

Came here to laugh at retards still hodling ONTX

>>17194207
you'll see, you'll all see

>>17193327
Buy Amazon!

>>17193957
ONTX. Yeah today's action sucked for those who bought in at 0.60s but the reason it dipped has really nothing to do with the conference. Games and timing is all it is. The stuff they talked about was all good. The ceo practically said "the results are good" He said the results won't be out till april/june 2020 instead of march. But really why should a few months bother you? I can wait another few months if I knew I'd get a Fat Green Bag of Cash for my efforts.

>>17193878
Thank you smartguy
That is one hell of a seifuku montage 7 seconds before the seifuku post

Futes ripping. Going to be a Green Day tomorrow. Most of my stocks all dumped/dipped/sold off after Fed Chair Powell finished talking and then V’d climbing back up through power hour into close. So, I’m speculating the market should be happy with profit taking and now allow us to run. Intrigued to find out what really happens tomorrow.

>>17193874
Lool it's down to .49 after hours!
Who'se buying on open?
Surely it'll moon tomorrow!

Good job my Sprint Niggas
Press S to celebrate

There was another bio company that did this same thing. Stock ran up biggly, conference came and went, stock tanked cause of selling. People thought stock was finished. Next few weeks stock rebounded to 1.20. Those who sold lost out on even more gains. Those who held ended up dragging a Fat Green Bag to the door.

>>17193960
Sounds like you're being too reactionary with your entries and exits. Look up trend trading and momentum trading for insight in to general techniques for hopping on the boat that's already going a particular way and will likely continue to do so. Also get yourself a jobber if you haven't already got. No trading monies you need for living expenses!

>>17194270
I sold at profit. I'll rebuy when it inevitably bleeds back down to the 30s.

>>17194477
Holding overnight?

>>17194207
we ll see who is retarded when ONTX is 5$ a share.

Imagine ignoring AMD. Absolute cucks and retards the whole lot of ‘em who did.

TMUS is the comfiest stock ever! Also notable mention to LYFT

>>17194522
i bought calls...
and lost

>>17194353
I bought one as a lotto ticket in january. $4 in 50/50 shot it becomes a Tmobile stock worth $90. How many do people here own?

>>17194439
CVM did this too like a lot of bio companies. Now that stock just made some dude a million in a facebook group I'm in.

>>17193327
I have this exact tiki in my yard.

>>17194603
What Facebook group?

*psszzztch* Ahhhh yeah, thats the +25% stuff...

Stupid stock boomers.. get the fuck off this board.. this is a crypto board!!

Crypto is booming and you stupid boomers are talking about stocks... stupid stock fags

LCI to $60

GALT still going up.

The thing to is that ontx ceo confirmed the Bristol-Myers study being done during that conference. Now if you were a Big Pharma company looking to make loads of Profit for the next decade or more wouldn't it be nice to bag a company that would give you two big loads of profit in a single transaction? The stock is cheap as hell, a big pharma could swallow ONTX and not blink an eye.

>>17194477
i keep reading articles on options and im still confused on the difference between a put and a call

>>17194717
LCI to $100

>>17194717
The dipshits in these threads might as well trade crypto based on the things they say and do.

>>17194756
Put you think it's going down
Call you think it's going up

>>17194756
Stock up => call up
Stock down => put up

>>17194756
Mandatory projectoption shilling: https://www.youtube.com/channel/UCYOHtOzMZGwXBLZX1Ltf78g

>>17194490
>Not holding overnight

If you don't feel comfortable holding options contracts over night you are a confirmed degenerate gambler who does not know what they are doing. Simply as.

>>17194783
Crypto on it's way up right now and people will win from it, but crypto is a multi gov scam.
And sadly, most anons here are going to loose to it.

What are the chances S goes down this week, or will people just hold untill the merger.

>>17194645
BBC Lovers United

>>17194721
these spikes in GALT look pretty typical for the downward trend the whole last year.

>>17194761
its possible.. they'll be releasoing some heavy hitters in the drug industry soon

>>17194783
I just use the crypto app to buy and hold and collect interest.. i see crypto being the future and more people piling in.. but it still can't beat equities imo.. theres just something about trading a companies stock that really gets me going

>>17194783
Most of /biz/ (and 4chan now a days) is filled with retarded zoomers who possess a terrible mix of cock-sureness, shortsightedness, and lack of impulse control.

It isn't enough for me to merely win, others must lose as well.

Brainlet questions by a retard, pls respond

-What exactly makes a stock go up and down? Is it just the ratio and number of people buying and selling?

-I've heard people discussing stock dynamics like it's a natural system, like the seasons or the ocean currents. Is there an actual explanation of why or how stocks have to "test" a certain price before going up or down? What is actually going on when this is happening? Can these tendencies be explained through chaos theory or something similar? What natural phenomenon behaves most similar to the stock market?

-Most indicators seem basic shit, just elementary school math. Is there something that uses super complex shit and is able to predict a breakout in X hours based on the particular way a stock is fluctuating back and forth within a stable column?

-Is there some kind of program which has looked at ALL the stock price fluctuations in ALL history and makes prognoses based on that?

-Best YT videos and books to make money doing this?

-How can the "actual" value of a stock be calculated, and how exactly is the stock price related to the actual value of the company? Like, MSFT is obviously a global behemoth, why is its stock price around the same as BYND (which I respect but it's no MSFT)?

-Predictions for TSLA by tomorrow?

-Any YT niggaz do in-depth stock charts other than that Right Trader guy?

I want to understand this shit really deeply and intuitively, not just mechanically, e.g. "buy when you see this pattern sell when you see this pattern", is this even possible for someone who's only moderately autistic?

>>17194856
There's nothing wrong with trading and investing (lol) in cryptocurrency markets if you know what you are doing. The problem is that most people, here on /biz/ and society at large, don't don't what they are doing.

Something something think about how stupid the average person is something something realize that half of them are stupider than that.

>>17193513
>rocksolidinvestor88

>>17194965
Also, is there some place where you can access a company's earnings announcements at the same time as they happen so you could immediately get in the TSLA surge for example after they announced record sales?

Also, what are the most underrated/underutilized indicators?

>>17194817
This guy helped me understand Delta. Highly recommend.

>>17194965
I'm glad that you realize that you're a brainlet. Have you read the OP?

>>17194924
>>17194996

Case in point: >>17194965 & >>17195013

I actually get a surge of dopamine and adrenaline when I think about how some of you faggots won't ever make it due to your own stupidity.

>>17195024
OK first question was retarded and easily answered, the other ones are valid though.

>>17193356
KO gang ITT. I actually bought one of their new sips this afternoon, not bad, not bad at all.

>>17193382
Good. glad for anyone else who bought and held.

>>17194817
>>17194794
>>17194810
thanks guys

we're gonna m-m-make it

>>17193496
The plan is, 400mg data shows any efficacy whatsoever, stock pumps like crazy and then gets quickly bought out by Abbievie or Takeda or some other company that wants combo therapy that works on CLL mutations

>>17195013
>Also, is there some place where you can access a company's earnings announcements at the same time as they happen so you could immediately get in the TSLA surge for example after they announced record sales?
Yes, with TSLA, there's usually a live stream of their earning call on YouTube.

In any event it don't mean shit about the FDA approval. All that maters is the massive surge the stock will do once the positive phase 3 results come out. That's your time to sell. You can always buy in again once the selling is over with if you want to stick around for the FDA hoop fest. The FDA can fuck them over, good data or not, they don't care. Some trivial thing can sink a drug getting green lit. Some ass clown on the panel with an axe to grind can halt a yes vote in its tracks.

Gonna buy lci, galt, or sava tomorrow. Whichever one dips the most.

>>17193506
Wait till they cut their dividend. You'll see how low it can really go.

>>17194965


>What exactly makes a stock go up and down? Is it just the ratio and number of people buying and selling?
If everybody decides something is worth $X, that will be the going rate for what it sells for. If a thousand people are willing to sell something for $100, but there is only one person willing to buy at $5, that's what the price is going to be.
>Most indicators seem basic shit, just elementary school math. Is there something that uses super complex shit and is able to predict a breakout in X hours based on the particular way a stock is fluctuating back and forth within a stable column?
There is no "floor" or "support" of any kind, people draw up meme lines to justify their position. There are however waves in price action, because people wait for things to peak, then they dump slowly, followed by a new wave of buyers.

Technical analysts are just trying to make sense of human psychology through numbers & fundamental analysts got priced out of the market back in 2001

The market is going to go up indefinitely because:
1) Gov's around the world print fiat currency in record amounts every year
2) Cash is quite literally trash
3) Low interest rates means if your not getting a loan or leveraging equity your going to be left behind with all the other wagies.

KO CHADS RISE UP!

That nice tight dividend, that beautiful distribution matrix, and that delicious bubbly fizz that drives all the guys wild. Why haven't YOU invested in Coca Cola yet anon?

>>17195167
GALT is recovering from it's dip so uh... it probably won't be them

>>17195147
Time frame on that data?

>>17194195
This is a dumb idea

>>17195184
These are their new sips, hopefully they drive up sales. There were only a handful left at my grocery store.
>>17195190
Small cap biopharma shills are fucking pathetic, lmao. These are literally the shitcoins of the stock market you're gambling on. I doubt you have the depth of knowledge to actually grasp what it is that you're investing in, at least as far as if it stands a chance of working. Good luck to you all but I'm keeping my money far away from that.
>t. 30 yo medfag boomer

With ONTX as my first ever penny stock I feel I really need a more resolute and defined system as to when to bail
>tell myself I'll sell at .40, when it hits tell myself I'll set at 60, damn look at it go I'll sell when it's a big boy dollar stock
>drops from 75 to 50 in like 2 seconds
I'm thinking abandon ship at 50% gains and then go through my life trying to never look up the ticker again to see that it is 5000000000% of what I sold at

>>17195252
>medfag
Please don't tell me you're the guy people call the asswiper.

>>17195151
is there a set date on when to expect that phase 3 results ?

>>17195252
Pendy and sava anon like galt. No one gives a shit that you are a medfag. Our guys are superior medfags already.

>>17195278
you don't have to sell your whole stack each time.
maybe sell 25% at +25% and then at +35%, +50%, and then just hold the last quarter and forget about it in case it moons or the company has long term potential.

>>17195278
thats what i was complaining about in an earlier post. it would be easier to pocket profits on the ride up if we could just day trade without penalty. but for some rason we get restricted on day trades so we cant just pocket small conservative safe gains, we have to guess and guess on when to exit and shit can go from 100 to 0 in a couple seconds because of all the automated stop loss selling

>>17194534
>LYFT
Yep. Pretty steady rising trend on that one lately.

so what happened with GALT today?
they had a conference too right?
anything exciting to explain the pop?

>>17194724
>AMRN round two
Please tell me you took profits.

>>17194924
This. But /pol/ has been dragging retards here as well. It has some good memes and you folks love it but it drags on the quality of discussion on other boards that it doesn’t keep to its containment board.

>It isn't enough for me to merely win, others must lose as well.
Be careful! Sounds like a lobster bucket mentality! Let’s all make it.
>>17195252
I’m really looking forward to the release of coke coffee and Pepsi cafe! and the destruction of Monster at the hands of their partner Coke!
Let the new cola wars begin!
I’ve got PEP and KO, both are based as fuck.

>>17195326
Nobody likes tripfags
Unironically go back to redd*t

>>17195326
>>17195296
Neither of those faggots have any education in organic chemistry let alone medicine. You can defend your tripfag friends if you want, I'll still have my money comfy in far better investments.

ONTX will fail, SNSS will fail, GALT will probably do okay. Still not buying any of them, kek.

>>17195393
What kind of medfag? And what are you buying besides consumer packaged goods?

>>17195391
I do. some of them.

>>17195393
Ok med fag, look into PTI. Cystic Fibrosis treatment

>>17194965
>Most indicators seem basic shit, just elementary school math.
The point of indicators is twofold:
1. They allow you to get a feel for the price action very quickly without needing to analyse the candles for every chart. This allows you to skim through a watchlist real quick to separate the likely bullish in near term from the unlikely bullish or bearish.
2. Indicators can highlight trends about to start or end in ways that aren't immediately obvious at a glance of the candles and volume without looking real closely at them manually.

That's it. They're helpful tools and ways to more tightly define the conditions you want to be present before you buy or sell. They are not magic. Never 100%. And usually not suitable for a one-setup-fits-all approach to everything. My TA is a little different for indexes, different for commodities, and different from both of the former for stocks. Small caps trade differently than large caps, meme hype stuff is its own breed as well.

Yang is out!

>>17195430
Very sad
>>17195393
Are you the guy shilling TMDX or 1 of the other 2 medfags? Don’t even think about using a fucking trip

Fuck jannies btw

>>17195393
What matters is making money. I made dosh on ONTX, and am up on SNSS and GALT.

>too smart to trade options uninformed
>too brainlet to understand options fully

I just want dat leverage

>>17195461
so, short YANG?

>>17195195
Q1 2020
>>17195252
No I'm just a Microbiologist I don't know shit, I clearly couldn't observe all other BTK inhibitors get bought out for ludicrous sums or pump fantastically upon efficacy data, and certainly I am too incompetent to know that biogen engineered Vecabrutinib and they have a history of fantastic accomplishments in biotechnological innovation, no sir, too dumb to know that shit.

Quick tip for any of you old-timers, if you're buying AMD in anticipation of the next-gen console releases you should also check out EA Games, they own the Madden and FIFA video game franchises which are guaranteed money-printers at least once per console generation.

>>17195461
I want him to win in 2024. Make money on stocks now, retire on UBI later.

>>17195461
That discord server that shilled Yang on /pol/ way back are probably committing mass suicide

>>17195499
I believe they are priced in, there are better devs who will go up very soon.

>>17195494
Damn, soon.

>>17195532
I don't think there is anything more boomer tier than believing in the discord tranny.

>>17195532
one can only hope

>>17195408
I wipe asses. My portfolio is split between consumer staples, technology, defense and memes.
>>17195440
I was actually at a hospital that is one of their investigative sites yesterday. Small world.
>>17195485
You have a good point. If you're up, you're up.
>>17195494
From this post alone, I can almost guarantee that you haven't even finished your undergrad yet, let alone done your time as some PhD's lab bitch, lol.

>>17195515
UBI would devalue your investments. Better to retire on dividends.

I guess it’s obvious when I started trading options?

>>17195515
It’s not gonna happen.
We need that money to pay for social security and Medicaid until the last boomer dies.

All the politicians who never talk about the debt or deficit otherwise will trot it out to defeat anything like that.

>>17195572
tell me about SNSS, anon

>>17195341
I wish I would have picked up Uber while it was in the mid 20's, but holding Uber and Lyft seemed a bit much.

>>17195569
You can't guarantee shit, what you're doing right now is hoping. You're hoping you don't have to feel like an idiot later. You're hoping you can talk shit to someone after they fail, instead of seeing with eyes unclouded by envy and arrogance. You can't give me a single medical reason why Vecabrutinib will fail. Not one. You lack that intellectual capacity. Now come back at me with 5 year charts and prove me right.

I’m starting to think that we’re still not even halfway through a monumental equities bull run that started in 2009. Everyone paused, sold quite a lot in some cases, and wondered over these last few weeks if Corona would finally be what would cement a market top. But once again, an all time high is still seemingly right around every corner. After being tested at different times by combinations of reduced global growth, reduced energy demand, technical signals, earnings, extreme domestic and international political tensions, and now a black swan, the run just cannot be stopped. The central banks show that they’ve learned from mistakes and are now making almost perfect policy moves. This is a new era and as much I enjoy listening to guys like Peter Schiff, the fact is that we’re going somewhere we’ve never been and the end of the world is nowhere in sight.

for every call i buy there is a person selling it?
who the fuck is selling a msft call?

this is what i dont understand about options, what benefit is there for a seller of a call in the case of stocks that basically only go up

i can understand selling calls on a volatile stock that you are willing to be will expire

>>17195599
SNSS is currently in their phase1b testing of Vecabrutinib, a BTK inhibitor that can treat people with CLL mutation (unlike it's competitors) and has significant value as a combination therapy with broader BTK inhibitors. Vecabrutinib was created by Biogen before BTK inhibition was proven to actually work against hematological cancers, and sold to SNSS for unbelievably cheap. Their 400mg cohort data is coming in Q1 2020, and their 300mg dose data showed near theraputic levels of BTK inhibition, meaning their data this time is likely to show tumor reduction and at least partial remissions. Other BTK inhibitors have shown massive value recently, like ARQL being bought out for 2.7 billion.

>>17195584
Imagine setting up a system where young people lose money so oldfags can watch tv all day, promising their time will come too, but oops. Every thing else we've done to make our lives comfortable young people will be paying out of their future ss. It's super villain tier.

LOL

Is Tesla ever going to drop? Asking for a friend. He wants to know if his puts (June expiry) will ever recover

Here, I turned off logarithmic scale and dividend reinvestments for brainlets

LOL

>>17195576
Can you tell when I started to filter seething tripfags?

>>17195681

>>17195560
There were actual screenshots and recordings of it though kek'd.

>>17195682
Oh, fantastic, so get in now and wait eh? More stock than options play huh

>>17195654
I never sold a single share of SOXL. I bought. That's the only way. Do not fight the fed.

>>17195681
Options are actuarial by design, they're intended as hedging tools for people who actually hold the stock. A person selling a call is limiting his potential losses while selling the low probability of a high return. If you don't understand that, and I know 90% of the people who trade options here don't, stop trading option contracts and spend the next month reading investopedia.

>>17195706
maybe in May

>>17195724
>Filtering grim

>>17195724
>Being this mad that I called out your bullshit

>>17195779
>filtering anything in the world

>>17195755
Actually a lot of people are gobbing up July $1 calls so you can probably make some money with options too. If that is your preference.

>>17195748
Yeah, it's easy to set up. Make a separate room, know what your lines are, post them, screencap the totally real conversation, profit. Did you ever wonder how people magically infiltrate these discord and blow the whistle?

>>17195782
>directly addressing someone who filtered you
oof

>>17195393
>not mentioning LCI

>>17195681
I sold a MSFT call today on that little dip but I sold it as part of a vertical spread that's gonna make me a lot more as it recovers so there are good reasons.

>>17195814
Touche'

>>17195810
Mhm mhm okay cool

>>17195654
God said that the markets will keep going up until Mystery Babylon(America) falls and the merchant ships are unable to drop their wares in here and are weeping. Around 2030

China delaying reporting of outside hubei numbers for nearly 2 hours now.

>>17195584
Oh, you didn't hear?
>Trump's budget to include cuts to social security and medicare
https://www.whitehouse.gov/wp-content/uploads/2018/02/budget-fy2019.pdf

>>17195833
>mystery babylon
>America
Mmmmmm try again

>>17195654
I agree with your sentiment, but just because idiots call the chinese plague a black swan event doesn't make it a black swan event.

>>17195768
the scenario you described would be as follows:

i buy 100 shares of msft at 190
i sell a call contract on msft for 200

by doing this, if / when my msft dips below 190 to say 180, i will have a lower loss potential because i will profit if the stock drops

i am also increasing my profit if the stock does go over 200 to say 210 within the contract expiry because that call will gain value in that scenario

pls tell me if this is right, the opposite would be correct for a put.

still have a lot to study obviously but im getting stuck on this

>>17195865
OKay tell me another place merchents would be butthurt on not being able to unload there ships to?

>>17195871
Yes

>>17195832
"Trolling used to be an art"
-moot 200x

People fall for anything these days.

Anybody buying Fitbit Dip? Should be decent free money unless Google backs out

>>17195880
>implying it hasn't already happened
>For out of the north there cometh up a nation against her, which shall make her land desolate, and none shall dwell therein
You think Canada is going to take out the US? It was Rome.

>>17195827
if i have this right, you are selling calls and puts against the same stock so that you limit how much you lose on either side of the stocks movement

>>17195882
thx fren.

>>17195332
Yeah I know that's what I SHOULD do, but since this is my first time dabbling I only threw 1k at it so it seems so not worth the effort for such an amount
But after seeing my feelgood evaporate so damn quickly w/ that 25 cent drop I may actually go ahead and go through with that plan it if it hits .75ish again

>>17195871
That's one way to benefit from selling, there are a bunch of other ways like spreads or speculating on one of the greek variables being undervalued/overvalued.

>>17195917
Russia, fool

>>17195917
>>17195944
It's gonnabe dirty nukes from Iran but Russia will be backing them Im assuming

>>17195852
What's funny is how the people most upset over this are bernie bros

>>17195923
still have to learn spreads correctly but >>17195920 is my primal understanding. i havent gotten into greek yet

>>17195944
>city on 7 hills
>Purple and red
>international
Sounds like Rome

>>17195907
oh man thanks for the reminder,
no clue when the deal with go through what with the DOJ draggin it out
gonna be great options wise- calls are dirt cheap in the 7$ range

Ok this is the highlights from the ONTX conference today:
(START)
-Coming to the end of pivotal P3 trial.
-Focused on 100% accrual.
-Analysis showed promising survival with increase to patient number.
-Rigosertib will be first drug in the world in this space.
-Anticipate 100% accrual to be completed in 4-6 weeks.
-Due to tremendous FDA medical need, only have to show 28% survival! (Read that again).
-TWO OPPORTUNITIES FOR APPROVAL (Yes, read that again).
-NDA preparations and commercialization plans (Read that again as well).
-Plan to open new trial commencing most likely this month in KRAS lung cancer (response trial, not survival)
-A number of partnerships in development for P1 Trial ON123300 in 2H 2020.
-Cash beyond 2020 or until after Phase 3 data readout.
(END)

What exactly is "Bad" about any of the above statements. Nothing.

>>17195920
My approach to options is a bit unorthodox and I sold the call for the express purpose of lowering the amount I was putting in the trade. I wanted a specific month and strike price for my call that would have costed me about 800 but for what I wanted out of the trade I was only willing to risk about 300. By combining the call I bought with a call I sold at a higher price, the difference became the 300 I wanted to put in. Most people don't use spreads to dial in price of entry but I do and it works for me. Another benefit of a vertical call spread is it lowers the break even price on a particular call significantly.

>>17195978
Why wouldn't they be? They're all about that socialism.

>>17195998
i sold enough of my position to cover my initial investment and make a little profit. i have some shares left over for the long haul. whether the company does well or poorly at this point doesn't matter, its all profit from here on out for me.

>>17196051
Kek, 90% of my ONTX investment money ain't mine. Got it thanks to AMRN. The AMRN investment money I used is safely tucked away in the bank.

>>17195798
Bought 800 shares of LCI at 8.70

Gonna make it.

Scandinavian airlines SAS shat the bed today and alot of scandis are angry and talking about boycott, i have not seen such a universal response to a company before so this boycott might actually happen expect them to fall tomorrow, only viable alternatives scandis will go for is Norwegian and a regional airline called widerøe, im calling it.
Tomorrow you will see i was right.

>>17196022
you sold your previous call worth 800 to enter at a lower price of 300? i dont think im understanding why you would want to do that but i do see how it works.

and i think i understand about a spread reducing your overall risk.... still trying to learn here

thanks

>>17195461
Nooooooo. Muh $k1000k$ .

>>17196083
I've got 12156 ONTX shares btw. At 2.0 or 2.5 I'd clear a nice sum. That money is spoken for already. Got a S&P and Total market fund that needs a nice kick start. My emergency fund needs a kick start also. You know in case things just all go to hell.

>>17195852
No fucking way I’ll have to look that over later.

Is it phased in over the decades so it doesn’t actually happen for 30 years?

(Presidential budget is basically a suggestion to congress. I believe they usually ignore it pretty much.)

>today a bunch of shares of ICPT was sold by insiders
Today truly was GALT Day.

>>17195995
Like the sound of that
>>17195907
Thanks kong.
Gonna put something right in that big open mouth one of these days.

>>17195907
>Fitbit Dip
>dip
I see no dip. I see looooooong ass bullflag thing and it looks like it will stay that way until next earnings.

You could have bought LINK instead of listening to tripfags and losing money buying penny stocks ahahagahahahahaha

>>17196150
Oh well I wasn't really expecting S.S to be an option for me when I hit age 70 anyway. (b.1983)

>>17195798
do you faggots realize the reason 4chan is the best site is because of anonymous posting? It promotes individualistic thinking with no worries of social stigma or backlash which allows for actual good discussion and posts. You tripfags go against EVERYTHING 4chan stands for because you cant fathom the idea of presenting your ideas without getting credited for it. Jews got you by the balls and you dont even know it you self involved CUNTS

>>17196103
I bought a call at a lower strike price for $800 and simultaneously sold one at a higher strike price for $500. The broker treats it as a single trade and uses the call I bought as collateral for the one I sold. My all in price was $300. The idea was I wanted the $800 call at the lower strike price but I didn't want to pay $800 so I just entered my trade as a spread and offset it by selling the higher strike. Options are badass like this cuz they allow you to dial in so many aspects of a trade perfectly. The greeks for a spread once you normalize them to your new entry price end up being effectively similar as a percentage of what you paid although the actual numbers will be very different seeing as you are buying them at one strike and selling them at another so they are differences as well

>>17196183
Anonymous posting AND a foundation of anime and the lulz.

>>17196150
Supposed to be like $80b over 10 years, so just a dent really. But I can think of much better things for that money to go to.

>>17195852
WH budgets are literally not worth the paper they're printed on.

How long has /smg/ been around? i used to lurk /biz/ a ton back in like 2017 and 2018, and although there was some good things for me to learn, organic shitposting and memes, i dont recall seeing this general. I left until like last week (mostly just lurk /fit/ and /sci/) because it seemed like the whole board became nothing but ridiculous crypto shilling. maybe i just wasnt paying that much attention.

Anyways, /smg/ is pretty based, its cool seeing how active things get when the markets open. already one of my favorite generals.

>>17196172
a tat tat tat, if you ever traded stocks being acquired before, this is about the max drawdown they go, especially when the buyer is google. Im a Fitbit bull now

>>17196231
A while. It used to be called Robinhood general but the title was changed when Robinhood added crypto. Now stonk market general.

>>17196231
/fitbiz/ best boards

>>17196253
Fine i'll put it on watchlist.

Even if there were a stock market crash or a recession, why would you not just pick up more shares while they're cheap?

>>17196183
my trip will be gone when LCI hits $60.. until then.. keep seething faggot

LCI to $60

>>17196253
honestly how long do you think before the merger gets approved?
also earnings is coming up too, thoughts?

>>17196231
Is coffee good for you?
Welcome fellow /fit/izen. Invest in DEENZ

>>17196276
You can do that, sure.

>>17196103
To be specific about the reasoning behind 300 vs 800 since I've had people bring it up before. It's as simple as this, I liked the trade but not enough to risk 800 dollars. I did want to risk 300 and I wanted that exact strike and expiration date. The only way to get it is with a spread.

>>17196087
We got this anon.. this sideways move is crazy beautiful if you think about it.. impatient weak hands will get out and slow accumulation will happen will happen while bears keep trying to short...

The evidence of the accumulation has been in the filings

LCI to $60

>>17196254
ohhhh shit, i actually do remember robinhood general. well thats cool, nice to see how things have changed over the yeras

>>17196189
makes perfect sense, thats what i was thinking

as i said i dont know shit about greeks, but ill keep your explanation in mind. got some studying to do before i start dabbling but thanks a lot

>>17196310
Ive got 2k total shares and might buy another $10k worth if it dips tomorrow. Gonna swing it with half and hold the other.

>>17196278
you'll die of aids before LCI ever touches 60 faggot

>>17196294
gotcha

>>17195759
>SOXL
Is this a good long hold or just good for swing trading? Asking for a friend

>>17196293
Is that not what /smg/ would do?

>>17196253
Sounds like a good time to sell puts!
>>17196352
Well it’s entirely possible that we’ll hit hyperinflation, and Jerome pumps S&P to over 9000 and... actually not even then. They’ll probably issue more stock and debt first.

>>17196350
the crazy thing is that some of the bids on my calls are not getting hit.. fucking weird.. they're close to worthless.. but nobody is selling onto the bid..

>>17196373
All kinds of different traders here. The cost averaging a crash technique is from the long hodl school.

Anyone have a feeling that MSFT is going to have an ATH of 19X and never reach $200 until the next earnings call

>>17193513
>can't afford for it to dip anymore
Do people not understand how stocks work? The outlook is seriously positive and they're letting short-term volatility dictate their decisions. You only lose/gain money if you sell.

>>17193736
this

>>17196183
Based and oldfag pilled

>>17196362
Either one depending on your trading skills. I believe in SOXL and the semiconductor sector unlike anything else so much I've written extensive pasta and usually namefag when I'm feeling particularly obnoxious. Over the next 2 decades SOXL will turn a little something you put in now into a stack beyond your wildest dreams. Face it, semiconductors aren't going anywhere, the demand is insatiable, the companys' moats are a mile (1.6 km) wide, and unlike biotech, another fast grower, the regulatory challenges are negligible. So buy, hold, DCA in, whatever and you'll be rich.
If you can swing trade good enough using SOXL to actually beat SOXL then you are a God and should do that. I mostly hold but I dabble with trading it. I beat it on the way down but back up is almost impossible.

>>17193736
why do you say just a few months?

>>17196435
Is shorting SOXS free $?

>>17196283
Uhhh Its tough to form an opinion around it... think they will probably exceed 500m revenue, and that whole number 500 is all that matters and theyll be acquired this year for sure

>>17196449
Heh probably if you can find the shares to borrow. I buy puts on SH sometimes so shorting inverse ETFs certainly works. I can't speak for SOXS though

>>17196449
No, but it might actually be more profitable than longing SOXL. It depends on how it’s structured.

Like svxy is a short etf that trends higher overtime because of how the vix contracts work. Or something?

Snap to $60 by EoY

>>17196480
Trumps justice department is going nuts on big tech. Could hold shit up, but I don’t see it getting rejected.

>>17196519
>no one texts or reaches out to me on social media for weeks straight

heh

>>17196437
Phase III clinical trials completion is scheduled for H1 2020, and the investor conference essentially showed it was running smoothly and the CEO felt confident that it would go through.

It fits the position of being adopted into the FDA Accelerated Program, meaning people that need the drug can get if fast-tracked before and during a confirmation trial.

>>17196525
Yeah, Faang in general has veiled itself greatly over the years from penalty and this is like just fitbit so its stupid

the music is about to stop. can you feel it?

>>17196435
i'm invested in CREE, they make semiconductors and higher powered LED's for things like indoor-grow lights. a big part of the reason i invested in them is because as cannabis manufacturing takes off, large-scale growers and even hobbyists will opt for low-energy consuming LED grow lights compared to the traditional HID lights. They have also been getting more business lately, i think just recently they picked up another contract iirc.

We'll see how it goes. I'm in for the long haul though.

>>17196586
Cool. I'll look into it

>>17196488
Soxs volume is indeed shit
>>17196519
That explains the call volume.

>>17196396
Fuck no.. as long as something doesn't drag down the indexes, MSFT will easily push to 200 by end of Feb/beginning of Mar

I'm just appalled by the audacity of AMZN. Their court filings would be considered libel if the President wasn't a public figure. I'm certainly not buying anything from them ever again.

If Tucker takes this up and calls for a boycott their stock will tank. Not even joking.

#FinNexus is the combination of the words ‘Finance’ and ‘Nexus’.

>>17196696
literally banking on this happenings. Bought a fuck ton of march 20 calls today on the dip.

You penny stock pharmatards could have had a better ROI if you bought nearly any cryptocurrency last week instead of tripfags larping on a Panamanian epsom salt discussion board.

Personally, it’s been a good week for my boomer stocks. Oh well, sucks to suck.

>>17196189
>>17196294

hey man one thing i forgot to ask about options that i dont get is - when i buy an OTM call for example and it increases in value, if i then sell it while it is ITM, can't i be assigned for those shares?
when i buy a call and it raises in value what am i supposed to do to cash in on my gains. what happens after

i would appreciate any helpful anons

>>17196435
I'll buy the dips in my real account when I can and swing trade on meemhood.

>>17195870
True, and it's probably way too early anyway if it could ever be called that someday. There just isn't anywhere better to be parking capital at the moment and it doesn't look like that will change for a long time.

https://news.harvard.edu/gazette/story/2020/02/harvard-expert-says-coronavirus-likely-just-gathering-steam/

>>17195654
When the entire market looks like Tesla it will be the end

IGXT PUDFA is coming up, any thoughts?

>>17196846

Were you one of those retards who creamed their pants when Link went up like .20 cents today? Pathetic. You faggots will never know the thrill of trading Tesla Calls when it shot over $900

>>17197135
I made 51k swinging TSLA options. You’re a fag. :3

>>17197204
Sure you did.

>>17197204
Inb4 your inevitable seething response. Sold 13 contracts I picked up below 9 for ~43-49. Sage btw.

>>17197079
>(((Marc Lipsitch)))
>trusting kikes

>>17197242
how were you able to time it? ie how do I swing?

>>17197204
You'll give it all back, and more

You guys DID bet On Bloomberg being the Dem nominee right?

He'll get it on the second round. They're gonna have a contested convention.

https://thehill.com/homenews/campaign/482613-biden-sees-black-support-erode-to-bloomberg

Cap this.

Friendly reminder that a bull runs happened during both world wars. Academics and economists have been tearing their hair out for centuries attempting to dispel the magic of equity markets. The bull doesn't care about tariffs, or politicians, or plagues or wars: only finance. It symbolizes hot-blooded stubbornness in the face of adversity and struggle.

>>17197374
I like the one with the POWERFUL little girl standing in front of it.

FUCK YOUR MARKETS INCEL WYMYN ARE HERE NOW

>>17197362
doesn't matter, they can't beat Trump in the national

>>17195654
See the problem with the kind of bear constantly expecting The Big One™, and 'only The Big One™ counts' is they ignore the several significant retracements the index did since 2009, probably because they're looking at the monthly charts and zooming way the hell out.

Four double digit drops since 2009 have occurred on the S&P. These bearish periods have a tendency to drive buying well beyond their initial recovery. They also soften fed policy and keep interest rates low. Spring 2015 through February 2016 saw no uptrend trend on the S&P at all. That is a year of flat ranging with a drop at the end for extra spook factor.

You are not going to get another 2008 until there is a new major problem with the US economy. Corona virus is nothing in this macro point of view.

>>17197406
>Shadman

>>17197406
I thought they removed the girl now?

>>17197362
LMAO. BLOOMBERG'S STOP AND FRISK POLICY IS ANTITHETICAL TO A BLACK VOTER VOTE. WHO WROTE THAT SHITTIER ARTICLE? SCREENCAP AND BUMFUCKED.

>>17196893
Had to take a pause for /fit/ related. Now then..
>hey man one thing i forgot to ask about options that i dont get is - when i buy an OTM call for example and it increases in value, if i then sell it while it is ITM, can't i be assigned for those shares?
When you sell a call that you bought from somebody else there isn't a net liability so you aren't on the hook. You're just flattening out your trade. Same with futures contracts. The only way you are on the hook is if you write an option yourself and sell it. That's the thing about most derivatives, if you buy and sell the same derivative you have no further obligation. It's only if you are net a sell are you obligated to honor it.
>when i buy a call and it raises in value what am i supposed to do to cash in on my gains
Pic related is one of the options I bought today. Notice where I circled it says "Close". Your broker, whoever that may be, will have something similar. You'll see it when you enter into a contract.
>>17196969
>I'll buy the dips in my real account when I can and swing trade on meemhood.
I have a couple of accounts, one serious and Robinhood for everything else. Patrician's choice

>>17197506
https://www.youtube.com/watch?v=teNv6x_W38Q

>>17196102
Don’t forget Finnish Air. Good tip

>>17197506
enforcing the law is antithetical to the black vote, apparently. As is requiring ID.

Bernie is the projected winner of tonight's New Hampshire primary.

How is this going to after the markets tomorrow? Thought?

>>17197540
Lemme take one more shot at that cuz I can see how it's subtle to a newfren. The heuristic is simple. If you bought and sold the same contract then you have no obligation. So you could write a call or a put and sell it to somebody then a week later you buy the same expiration date and strike price call(put), even though your wrote one in the first place and sold it you have no further obligation since you bought it back. And they are fungible so you can buy any one that has the same strike/expiration and it counts, i.e., it's not like you have to buy the same one. Now when you sell a contract and don't buy it back, you can be "assigned" which means you will have to honor it.

>>17197605
Futures don't care.

>>17197483
Yeah it was temporary, everyone got their photos and now it’s over. Now is only bull. Forever.

>>17197605
Won't matter til he wins the nomination. And might not even matter then. Anyone with any sense knows that Trump will steamroll any of these candidates as long as the economy is doing okay.

>>17197406
>>17197483
>Tfw the little girl statue was put up as a guerilla marketing strategy for an ETF

https://en.wikipedia.org/wiki/Fearless_Girl

I fucking love business and finance.

>>17197605
Weed stocks may get a bump. I’m tempted to buy because I figure it’s only a matter of time before it’s legalized federally but that’s probably a good 5 years away.

>>17197605
nothing will happen until the dem nom is set in

>>17197602
That's not very martin luther king of you.

>>17195852
based. all that social security money gets stolen by democrats for redistribution and pet projects anyway, and medicare is rife with fraud. its sickening how much fraud there is

>>17196708
they deserve a boycott for sure

Today was an *okay* day. :)

Anyone have the thot index pic?

>>17197800

>>17197605
I’ve been wondering about this, 2 scenarios:

1. People get spooked and sell the shit out of healthcare, finance, and possibly fossil fuels (Which could pump the commodities. Sanders wants to ban fracking, which means oil and natural gas will become more valuable)

2. The market decides Sanders is going to get the nomination, and his candidacy is basically handing the election to Trump on a silver platter.

>>17197646
Jesus Christ fucking fuck.
Just a few months ago smg was coming up with all sorts of mind control conspiracy theories. That’s so damn simple and obvious and no one came up with that because it’s boring!

>>17197822
Thanks!

Do I wait for time to pass to see if things swing back my way or do I defend my positions?

>>17197839
In the #2 scenario, that should actually pump oil and gas stocks, but not commodities. Also probably defense contractors.

>>17197874
work that trade anon. don't take no for an answer unless you absolutely have to

>>17197903
I need aal to come back down a bit. acting a bit trite rn

>>17197540
makes sense, the person who writes the option is on the hook for it
>>17197614
this just made it a little more complicated but basically if you end up with the same option anyway you aren't responsible for it anymore whoevers hands it may be in

oooh

still up 3k on ONTX, im never selling

>>17198174
I had a stop loss set at 0.42 which is literally as low as it got today.

>>17198212
F

>>17198174
I was gonna try to get in on another dip but it never reached my buy. Good luck, anon

>>17197079
Oh yeah? How's that "expert's" portfolio doing?

>Ray Dalio Says Market Impact of Coronavirus Is ‘Exaggerated’
https://www.bloomberg.com/news/articles/2020-02-11/ray-dalio-says-market-impact-of-coronavirus-is-exaggerated

>>17193898
Stock offerings. They fund themselves by inflating their stock

ONTX just did another in the last 6m

Flood of news tonight about Incyte Corp (INCY)

Any of you biotech memers cover this one? It's a HUGE Baker Bros holding, looks like they've got partnerships with Lilly and Novartis too.

>>17198251
Yeah :(

But I have a bunch of SPY calls that went ITM today so that was my saving grace. Went from being up $500 around 10am EST to being down 25$ AH. Oopsies.

>Brooks, the running shoe and apparel unit of billionaire Warren Buffett's Berkshire Hathaway Inc
Christ, he even owns that popular brand of high-priced running shoes?
BRKB... I should've bought more. I might tomorrow.

noob here.
i see the open price is cheapest. If I buy after hours, do I get the price when the market reopens or from closing time?

>>17198505
You mean if you set a market buy after close that will fill at open? In that case your order will fill at the opening ask, whatever it happens to be. This will not be exactly the same price as the previous close as things can change over night causing minor or major gaps up or down. Under ordinary no-news conditions, the opening spread will be similar to the closing one. So, around that general area but not exactly same.

>>17198560
thanks. I want to buy MSFT shares for mid-long term

NEW NEW NEW NEW

>>17198624

>>17198624

>>17198624

>>17198624

>>17198624

>>17198624

>>17196183
Based