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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18651095 No.18651095 [Reply] [Original]

5,000 DOLLARS WORTH OF PUTS I BOUGHT ARE FUCKED. I bought puts for capital one. My phone notifed me that they missed earnings greatly and went negative 3.09 per share. I literally started boasting how I'm about to be rich at the bar and bought everyone a drink (it was a speak easy in NY). I looked at their stock price and IT ONLY LOST 1% ON THIS NEWS IN THE AFTER HOURS ARE YOU FUCKING KIDDING ME MOTHERFUCKER THE PUTS EXPIRE TOMORROW WITH A STRIKE PRICE OF 45 WHY IS THIS HAPPENING WHY DOES NO ONE CARE THEY DID TERRIBLE

>> No.18651107

P

>> No.18651123
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18651123

>>18651095
>He didn’t put money into funny internet coins

>> No.18651126

>>18651095
Thanks for the drink OP

>> No.18651138

S to spit on op

>> No.18651139

>>18651126
I WANT MY MONEY BACK BITCH WITH TIP THAT SHIT COST ME 150

>> No.18651161

>>18651095
OP sucks at trading. But hey you made a professional trader a little richer.

>> No.18651184

Cmon guys I was trying to super meme combo PRICED IN. I’m not ready for /biz/ yet

>> No.18651189

>>18651161
Explain to me how the professional trader knew that COF would have the worse earnings of all banks and handle it the best for some reason that I still cant figure out

>> No.18651209

>>18651189
We're in a clown market, Intel beat its earnings and lost 8% in 1 hour

>> No.18651267

>>18651209
With no knowledge of intels earnings I'm assuming it dropped because future earnings went down

>> No.18651297

>>18651267
That's right, they expect 20c less per share next quarter

>> No.18651339

> trading on fundamentals rather than sentiment during a global crisis

>> No.18651343
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18651343

>Haha thanks for the drinks again, OP! Yeah... bye. Rest easy, *burp*-ffett!.
>*exit OP*
>...Can you believe that loser actually thinks he's going to make it?
>Yeah, tell me about it. Cocky fucker couldn't stop running his mouth.
>Don't worry 'bout it, dude's a *burp* dumbass... even bought the whole bar *burrrrp* drinks didn't he?
>Hey, let's keep him close guys. Maybe we can milk "Mr. Who Wants to Be a Millionaire" for what's he worth next time!
>Won't be much then *BURRRRPP*!
>*Bar laughs*

>> No.18651364

>>18651339
this. if you thought fundamentals:value were wonky for crypto, the stock market is just as bad. play it like youd play a shitcoin you don’t get emotionally attached to and you’re ahead of 90% of the population

>> No.18651875

>>18651343
GO FUCK YOURSELF BITCH

>> No.18652356

>>18651189
>>18651209
It's called 'priced in', retards. Not the meme one. The one where pros actually look at the market and the company and estimate their loss/profit. They don't care if the company is going to lose, they care whether the company will lose MORE THAN PROJECTED or LESS THAN PROJECTED. Less is bullish as fuck, more is bearish. There is of course a region for each upside prediction. It's based on things like, "if they have -2 to -3.5 eps for the next 6 months then they'll be able to survive, they're the only company in that sector that has that prospect". So when they hit -3.9, they sell. But firm B, unlike firm A, had more liberal estimates. They think quarantine is over within 3 months, so if they're between -2 and -5 eps it's all good, so unlike A, they don't sell. Hell, maybe they even bought the dip thus reducing the red.
Fuck it's not rocket science.

>> No.18652396

>>18651343
yep, op got played like a fuckin fiddle.

https://www.youtube.com/watch?v=cYrh5h9acg8

>> No.18652432

PRICED IN

PRICED IN

PRICED IN

PRICED IN

PRICED IN

>> No.18652450

>>18651209
it's bullshit. more chips are needed in post virus world.

>> No.18652518

Am I supposed to believe that you bought $5000 of options around earnings without knowing what volatility crush is?

>> No.18652538

>>18652356
They were projected to earn 59 cents a share. They instead lost over 3 dollars a share. By your logic this should of sold

>> No.18652571

>>18652538
>they were projected
By some retard public service meme line, not actual investors, by fucking definition.

>> No.18652581

>>18652518
Dude. They missed estimates by a huge amount and said how they lost over a billion dollars!!!!

>> No.18652587

priced in

>> No.18652604

>>18652571
So investors dont care the company missed eps by over 3.60? These sound like foolish investors and their stupidity cost me money

>> No.18652622

>>18652587
NOTHING IS PRICED IN I HATE THIS MEME

>> No.18652647

>>18652604
Why the fuck would ANYONE care about estimates in the first place? The question is: are the earnings going to allow them to survive or even thrive, or will it be a death sentence? If your estimate is already saying they're clearly dead you obviously don't have the stock so you're not selling. Maybe you're downright shorting already, ahead of earnings report.
If your estimates are close to survival, maybe you're neutral.
If your estimates say it's going to be super cool and they'll make a bazillion in profit, you should already be loaded before earnings, when the price is discounted.
If you are neutral and estimates are less than your comfort zone, of course you're selling. That's your cue. I don't fucking understand why it's so hard to understand such simple concepts.

>> No.18652651

>buying an otm option with less than a week from expiry

Just stick to regular gambling, you'll probably get better results

>> No.18652656

>>18652647
s/estimates are less/reports are less/g

>> No.18652820

>>18651095
you got punished for the sin of undeserved pride. I hope you remember that lesson.

>> No.18652843

>>18651138
S

>> No.18652903

>>18651138
S

>> No.18652961

>>18651095
What the fuck are you doing buying puts with VIX going down you retard

>> No.18652992

>>18651095

Every reaction is an underreaction OR an overreaction. There is no middle ground anymore.

>> No.18653018

>>18652992
Its fucked up. Maybe it didnt crash because its after hours.

>> No.18653084
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18653084

>>18651095

>> No.18653206
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>>18653084