/biz/ - Business & Finance

>>18715842
>I won't provide sources but I'll tell you what to do
no thx bye

>>18715861
I want you in the screen cap for others to see who the loser is. If u don't believe dig around capital one and see what's going on. I aint gonna waste my time trying to explain why it's failing jus fuckin look through what they are holding

>>18715842

Why? Please explain to a brainlet

>>18715946
>>18715842
You smell like shit Ranjeet

>>18715946

Something oil related?

>>18715991
Ding ding
Also, dig into who they give credit cards too.
Even further, auto subprime

>>18716020
Airline companies?

>>18715842
Why do I only have this week?

>>18716045
Well you might have more time. I just know of atleast 2 big boys will try to short them within 2 weeks. So why we maybe do a few thousand it's a blip on the radar. Millions raise eyebrows and people start looking into it.

whats the best strike? as close to the current price as possible?

>>18716100
Will this bring down all markets?

https://monkeymiles.boardingarea.com/wow-reuters-essentially-says-cftc-gave-capital-one-waiver-avoid-major-margin-call/

>>18715842
>Your

>>18715842
interested, what strike for 6/19

>>18716222
Nice, so OP knows a bit more than what the public knows if he isnt lying about "I just know of atleast 2 big boys will try to short them within 2 weeks"

>>18716145
I don't have specific numbers other than the big guy will be "way out of the money" on longer dated puts. I did 35$ june and 32.5 Sept. But honestly I don't know.
>>18716184
I don't know. I think the Fed is back stopping everything. We are definitely due for a correction but no one believes they will bail out a bank , especially with predatory lending and derivatives that they shouldn't be doing.

>>18716305
Thanks for the tip dude, gonna pick up a couple contracts.

>>18715842
Are you the Buffetfag from last week? I’ve been watching COF today after what you said was going to happen.

>>18716471

Buffetguy also talked about hawaiian airlines. Young new owner in charge. Said it will be all over the news on Monday or Tuesday. Yet, nothing. However, I agree that COF is worth shorting

>>18716471
Don't know who the buffet fag is but I don't like him. Cof ate huge losses in q1, claiming corona, however it didn't even hit us then. They lost a billion dollars on everything else. That was not with oil at $0. Look at the contract now, basically going to $0 again. They got a hand out from the gov but not a bail out as people are describing, they just extended how long they got to clean up their act. Problem is, oil keeps dropping. Couple that with the fact they just give cards to fuckin anyone , they literally are giving it to the shit people who won't pay

>>18716612

Thanks for sharing info with us, anon. Apreciate it

>>18716612
So what you are telling me is that I should get a capital one card and max it out on puts for capotal one.

>>18715842
Is this the guy that told us about the stock to get in and out of before 1:10 pm a few weeks ago

>>18716830
Companies die but debts don't. Try it tho
>>18716858
Nah not me

>>18716830

I'll give on more that someone with money told me he's doing. He's shorting Tyson foods I believe may 15 contract. Due to the supply chain shit. However he told me that it's risky, he said earnings will probably decent but guidance shit. The other thing is he is afraid that Trump talks about getting our supply chain back online asap. So the other thing he bought was calls on that beyond meat. I know nothing about either, I'm not in either but he is. So take it for what you will.

I have no reason to trust you but I bought 2 puts just for fun. Let's see what happens.
I've already been short Bank of America as well as foreign banks (Indian and Korean) so adding another bank short seems to line with my thesis.

>>18717025
I like the India play. Any reason for Korea?

I’m still a brainlet with put and calls how do I do them and what are they

>>18717083
No real specific reason other than its foreign, propped up by America as everything is. Contracts had volume too as opposed to others. I'm short BOA on a slightly longer time frame because they own a lot of foreign debt. I didn't do a ton of research because 4 contracts isn't a particularly large amount of money, just a play to see if I'm right.

>>18717180
options are like futures, but the seller has the OPTION of executing the deal at the strike price rather than being forced to.
Put options are the opposite of call options, they're for when you want to short the market. To buy a put, you simply buy a call at a strike price lower than the market value. This gives the seller the option of selling you the shares at the given price.

>>18717221
good info. any tips for play indicators? RSI over bought/sold, or is that just a meme?

>be a poorfag who put $1000 into his rh acct last week
>already down nearly 50% on a bad SNAP put and likely a bad AMD call
>see this thread
>realize I will never make it with how little money I have and how badly I understand the market
Anyway thanks for advice anon, maybe if I exit my current positions I will buy one contract lol

>>18717278
get 2k for RH gold and utilize the 1k margin no interest
calls/puts are pretty risky so maybe hold some shares where you don't lose 100% equity

>>18717273
Every indicator is a meme. It's all lagging and at best just a confirmation that your original idea was correct. No indicator predicts the future. Price and volume are the only 2 things you really need to make good plays

>>18717337
Honestly was considering RH gold for that very reason, but I can't justify putting in another $1k at this point (would be $1.5k how with losses). Maybe once I work my way back up. And about half my remaining positions is in a couple of stocks so I won't lose everything - not like my purchases were very informed, mind you.

>>18717025
I have SQ puts but I think a short squeeze is coming.

>>18717273
anon that's bad info, I'm deliberately fucking with you

>>18715842
Wait, the FED is bailing banks out, how do you expect this to crash?

>>18715842
I don't have 6k though. Fuck

>>18717435
don't.

I don't understand how you guys keep betting against bailout money as if they won't create another 6 trillion next month to keep the campaign donations coming in
Cap One is too big to fail, they could burn all their money and the govt would just print more for them to use