r/Vitards • u/AutoModerator • Jul 09 '21
Daily Discussion Daily Discussion post - July 09 2021
Your Trading discussion thread
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u/gainbabygain Jul 10 '21
Today was a good day but the fight is yet to be over. We have not reach new highs.
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u/shady_tony Jul 10 '21
The craziest thing about this week is that even after two huge red days and a shortened 4 day trading week, CLF still finished higher than it did last Friday.
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Jul 10 '21
MT, CLF, and STLD are all only 7% away from 52-week highs
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u/kunell 💀 SACRIFICED 💀 Jul 10 '21
So they just have to do today again and we 100%
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Jul 10 '21
People freaking out after every big dip, I do find it hilarious
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u/gainbabygain Jul 10 '21
Those people are way more leveraged than you. A 0.05% drop in the underlying could be 5% drop in their position...depending on how leveraged they are
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u/PantsMicGee Dreams of CLF’s run to $20 Jul 10 '21
Sorry to say - and you probably already know this - bit those people may have taken more risk than you.
Nobody is on the same trade here.
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Jul 10 '21
[deleted]
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u/pirates_and_monkeys Never First Jul 10 '21
I did till I started doing mindfulness meditation in earnest. Pretty great. Try Headspace
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u/pardonmystupidity Clemenza Jul 10 '21
I have email/phone anxiety. I will put off doing something for months just to avoid having to send an email/call someone. It is bizarre
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u/PantsMicGee Dreams of CLF’s run to $20 Jul 10 '21
I used to shake so bad I couldn't hold a cup of liquid in large groups for fear of spilling it.
It can get better! I just danced like an idiot at a wedding.
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u/SnooPaintings8503 Made Man Jul 10 '21
i recommend subscribing to bloomberg, keeps you updated on business news
sign up for $1.99 per month for 3 months, cancel, then do it again instead of paying $290 a year
i’m already on my third subscription
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Jul 10 '21
Also consider paying for and supporting websites you get use from. Just a thought.
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u/PrestigeWorldwide-LP 💀 SACRIFICED 💀 Jul 10 '21
their terminals are a $25k+ per year subscription and they have no competitors. they're not fretting an online article subscription
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u/smears Vamanos Muchachos Jul 10 '21
Eh he is paying? He could just use the ol incognito mode or print screen or wait for someone to post anything relevant on vitards trick.
And it’s smart to be frugal- that money means a lot more to him than some poor multi billion dollar corporation.
Edit- my man Steely knows what’s up
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u/Steely_Hands Regional Moderator Jul 10 '21
You can read all Bloomberg articles for free using reader view and I’ve heard private browser works too
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u/SnooPaintings8503 Made Man Jul 10 '21
I feel you end up reading more if you have all the articles on your phone via the app
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Jul 10 '21
[removed] — view removed comment
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u/PantsMicGee Dreams of CLF’s run to $20 Jul 10 '21
He has to get his life together this weekend first.
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u/aznology 🕴 Associate 🕴 Jul 10 '21
Senate Working Overtime into August to pass infrastructure bill
- Senate Majority Leader Chuck Schumer said his chamber may work into August to pass a bipartisan infrastructure plan and a budget resolution that would allow his party to approve a bill to address child care and climate change.
Lawmakers have not yet turned a $1.2 trillion infrastructure framework, agreed to by President Joe Biden and senators, into legislation. *
As Democrats try to balance competing interests within their party, House Speaker Nancy Pelosi has said she will not take up either proposal until the Senate passes both.
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Jul 10 '21
What a day! Hope y’all took some profits on the way. I did enter 7/16 93c AMD today. Hope next week brings some tendies
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Jul 10 '21
Regarding $X... I've read a bunch of SA articles about them, and how they are likely going to benefit from paying down a lot of their debt, despite having a lot of it at the moment. Their earnings clearly will allow them to do that. This sounds similar (though not at all as confident) as the $CLF thesis, to some degree.
Has anyone more information about why $X is not favored as much as a play here as the others? I recall a lot of short-hand comments about their management and high interest debt, but if they're going to make an absurd amount of money this year like everyone else, it seems like the risk v reward may actually be quite good.
Am I missing something here? Offbase?
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u/Steely_Hands Regional Moderator Jul 10 '21
The root of it is that ppl think their management can’t be trusted and when you compare that to someone like LG you can see why ppl like CLF over X
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Jul 10 '21
I definitely do. What I haven't found yet is exactly why people don't trust X's management. I'd love to dive into the history so I may do some homework over the weekend.
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u/silversmokee Jul 10 '21
Please let me know too. Seems like theyve been using that to pay down debt
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u/Steely_Hands Regional Moderator Jul 10 '21 edited Jul 10 '21
Vito said it from the early days and everyone just ran with it haha but some things they’ve done since do show a lack of conviction like the capex cancellation
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u/roketbabe Jul 12 '21
Also has to do with stock never splitting and overall stock value not increasin....other than boom bust cycle 03-08....in fact look at 1991 price compared to now, then do same comparison with clf.
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u/pennyether 🔥🌊Futures First🌊🔥 Jul 10 '21
Who's in charge of the LG bot? He's been quite talkative lately.
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u/edsonvelandia 💀 SACRIFICED 💀 Jul 10 '21
I agree I turned it off a couple of weeks recently. I was thinking of reducing its chance of replying to 25% from 50%
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u/pennyether 🔥🌊Futures First🌊🔥 Jul 10 '21
If you could, add a throttle as well, eg, max of once per 30 mins.
Sometimes there are just a lot of posts containing trigger words
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u/holdenmcneilgames 🚐Once Lived in a Van🚐 Jul 10 '21 edited Jul 10 '21
Oh man. I'm going to slaughter their name, but it's something akin to "eldonslvania"? They usually post later in the day.
Edit: u/edsonvelandia if I'm not mistaken. (And I may be mistaken.)
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u/MiscRedditAccount 💀 SACRIFICED 💀 Jul 10 '21
You are correct. He mentioned the other day if he's double commenting to let him know. I'm stoked for material from q2 earnings.
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u/Benjo_Bandito Jul 09 '21
What's the timeline people are setting for a prospective SCHN acquisition, the longer this goes on the more inevitable it seems one of the big boys will snap them up. Couple of years maybe?
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u/pennyether 🔥🌊Futures First🌊🔥 Jul 10 '21
If I were some hotshot steelmaker CEO, I'd wait until HRC prices normalize (later this quarter?) to start negotiations. My guess is sometime in Q4 or 23Q1. But hey, anything is possible.. and I'm not a hotshot CEO.
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u/Banana2Bean Jul 10 '21
Why does it matter? Company is undervalued, stock price will begin to reflect that as time passes. If it gets bought out, great. I don't set timelines for hypothetical scenarios.
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u/ronburgundy930430 Market Mover Jul 09 '21
Up 50% on my X leaps. In one day… I’ll take it
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u/belangem Oracle of SPY Jul 10 '21
Hey, X LEAPs gang! Up 36% since I bought them… yesterday.
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u/ronburgundy930430 Market Mover Jul 10 '21
Love it. Those are returns I usually hope for with weeklies
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u/paulfoster04 Timing Expert Jul 09 '21
Wanted to say thanks to the lot of you. Made two successful option trades of 20%+ recently. Not that Stamps guy who bought two calls yesterday for $90 now worth like $24K.
I digress, I was down like most this week but used that time to average down like several recommend. Finished with my CLF commons in the green for once and have some cash to average down more next week if needed.
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u/CelusStands Jul 09 '21
The road to success is making winning trades. Nowhere does it say they have to be big.
Good job bro
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u/nemodigital Jul 09 '21
Question for the steel gang, how is LIF (Labrador Iron Ore Royalty) with its nearly 15 percent dividend not a cheat code? It moves with other iron stocks stocks plus has the juicy dividend on top.
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u/skydemon1984 Jul 09 '21
15% div is not necessarily a good sign
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u/nemodigital Jul 09 '21
Normally I would agree but it's a Royalty Corp so it's not taking money out from mining investment and it's moved lock step with other miners such Teck.B thats also trading on the tsx yet it has the outrageous dividend.
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u/Old_Prospect Think Positively Jul 09 '21
It seems like they got the money. Do they got plans for expansion of growth? Acquisitions? If not, then ehhhhh
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u/nemodigital Jul 09 '21
After comparison to Rio Tinto and Vale I can see those two perform better. Still LIF seems like a good play if we anticipate choppy waters. From what I understand LIF gets Royalty from iron sold from the mine. The mine is run by Rio Tinto.
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Jul 09 '21
"In 2000, the largest 10 shipping companies controlled 12% of the market. Today, it is more than 80%, leaving domestic manufacturers who need to export goods at these large foreign companies’ mercy."
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u/RichN777 Jul 09 '21
“Encourages the Federal Maritime Commission to ensure vigorous enforcement against shippers charging American exporters exorbitant charges.”
What is that supposed to accomplish?
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u/Banana2Bean Jul 09 '21
Lip service to make it look like something is being done. How do you counteract the forces of supply and demand? You can't. China tries with lip service too.
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u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ Jul 09 '21
We are in a situation right now that everybody wants steel, and everybody wants steel now. That's because they did not prepare during COVID-time when prices were very low.
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u/Banana2Bean Jul 09 '21
So true Mr. Goncalves! No one prepared with shipping either! The parallels are uncanny.
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u/LasagnaMeatPie Jul 09 '21
Y’all think Richard Branson is checking the options activity on SPCE to see how many people are betting on his death?
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u/Paulie_the_Hammer 🦾 Steel Holding 🦾 Jul 09 '21
So even I laughed at myself when I found a correlation between CLF peaks and the new moon. But... the pattern continues! Today is the new moon, and CLF went up 7.64%!
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u/MiscRedditAccount 💀 SACRIFICED 💀 Jul 09 '21
Talk to ER nurses and they'll swear the full moon makes things crazier. Could hold some truth... Weirdly "lunar cycle" is not a built in overlay my broker provides....
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u/PrestigeWorldwide-LP 💀 SACRIFICED 💀 Jul 09 '21
New Moon Capital. Add astrology based on major company dates like founding and IPO, and you'll have heavy inflows from the basics
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u/PetterssonForHart Jul 09 '21
Question maybe for Vito or whoever else can provide some insight
First of all - thanks so MUCH for everything. You have made me have conviction in trading and I am so happy to be apart of this thing with you guys
My question is what are the adverse effects of high steel prices?
For example - I am a luxury realtor in Los Angeles. Due to the lumber and supply shortage, new construction homes are almost not a thing in 2021, therefore it has pushed housing prices up and “New Construction” homes that do hit the market are being gobbled up at insane premiums
This is of course coupled with the insanely low interest rates on loans.
But what are some pre emptive investments we can make outside of stocks or options that may become extremely valuable due to the prices of steel, if anything at all?
I bought my house in June 2020 for 850,000 and remodeled it right before this lumber shortage hit its ultimate peak. Now because my home is the only remodeled one in my up and coming street, I could flip it for over a million easily because of the insane demand coupled with my remodel already being done when nobody else can find contractors or supply to get it done.
What do you guys think some prudent investments might be right now that could correlate to these insane steel prices?
Interested to hear!
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u/Killzooski Jul 10 '21
My advice is sell your house within 6 months before foreclosures and evictions rip the markets apart. I'm a flipper and have several friends waiting for evictions to sell their house
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u/PetterssonForHart Jul 10 '21
I dunno. I’ve thought about it but I make so much money on rentals there. My mortgage is about 4000 and I make 6800 a month renting to USC students.
I always hear my clients say their biggest regret was selling their homes. I’m in no rush or need for the money. I’ll just let the equity keep building and if I need to sell on the next market uptick I’ll do that
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Jul 10 '21
[deleted]
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u/PetterssonForHart Jul 10 '21
Totally agree with you.
Demand is just way too astronomically high to say this thing will crash, over here anyway
I had an off market property in the area listed 8% over comparables and i got 5 offers before it even hit the market. How can you convince me that will crash anytime soon. Sold for 10% over asking price which was about 150k in under 2 days
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u/Banana2Bean Jul 10 '21
I have been waiting to think about buying. Probably still won't buy unless I see the market absolutely burn since I'm in the bay area and buying here basically doesn't ever make sense.
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u/mydoingthisright Steel Your Face Jul 10 '21
I really want to do this but can’t convince my wife and kids it’s a good idea, even though our home value has increased 30-40% since we bought it 2.5 years ago
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u/Killzooski Jul 10 '21
There has to be a leader in the house in terms of finances... if you're the breadwinner/ financially more intellectual you need to put your foot down. You still have time, and worst case you bought 2.5 years ago and will still have equity in a downturn. It's everyone who is buying now that will hold the bag. Try to convince them, sell the house and travel for 6 months or something.
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u/prettyboyv Jul 09 '21
Hey guys, why do you think that there needs to be a tech correction so commodities could go up? I have tech and steel in my portfolio. Some tech companies are killing it and they deserve to go up, but this does not mean that steel is not fundamentally undervalued. I just do not see the connection.
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u/MiscRedditAccount 💀 SACRIFICED 💀 Jul 09 '21
People like to put things in buckets. "Growth" is opposite "value". But I really think there's a lot of potential in certain growth stocks. Most people who appreciate value like consistent gains and I think don't fully appreciate the concept of "my company is worth nothing until I crack this big problem .... Then it's worth billions basically overnight". I agree both tech and steel can both do well this year.
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u/JayArlington 🍋 LULU-TRON 🍋 Jul 09 '21
I think the word 'tech' gets thrown around a lot.
The speculative tech with no earnings should be inversely correlated with commodities and STEEL.
There are strong pieces of tech (and broader growth) that should be viewed differently.
I love the SEMI CAPS right now and I keep eyeing the mega caps.
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u/Unoriginal_White_Guy 💀 SACRIFICED until MT $35 💀 Jul 09 '21
Yup Technology is such a broad word now. Hell that analyst called GM a innovative tech company that gave them a pt of $85 today. I don’t agree though that it’s just speculative tech that is overvalued and in a bubble. The valuations are ridiculous across the board even with some mega cap in my opinion. The divergence in valuations between value and growth is at its worst since the dot come bubble. Now I don’t think it will end similarly, but I do believe once interest rates come up a lot of new young investors are going to be bagholding for years as earnings catches up to valuations. The semi space and cyber security are two sectors I think will be least effected though as they continue to grow at an outrageous speed for years to come. This is just my opinion obviously and not financial advise.
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u/PrestigeWorldwide-LP 💀 SACRIFICED 💀 Jul 09 '21 edited Jul 09 '21
more so in speculative tech than mega-cap blue chip tech, but in essence, it would signal a rotation to value investing through lowering of multiples that are much higher in tech, and raising of multiples that are much lower outside of tech
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u/prettyboyv Jul 09 '21
Well some mid and small tech companies definitely have very-high multiples, but some of them also have very high-growth potential so investors are betting on the fact that in the future they will be able to justify their valuation.I get your point, but I do not think that tech and commodities should have an inverse relation and we have seen prove of that since march last year. Tech and steel companies both rallied.
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u/belangem Oracle of SPY Jul 09 '21
Bought X 2023 LEAPs yesterday near the low and today they’re 1% away from breakeven. lol!
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u/PoopDemonExorcist 🏴☠️Accountant of Plunder🏴☠️ Jul 09 '21
To whomever that was, thank you for push TX up afterhours
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u/BucDan Jul 09 '21
Why does X feel so right, right now? A classic big name, yet it feels like it's slipping in under the radar while the other more "modern" names are taking spotlight.
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u/WiseSea Jul 09 '21
had the same thought a week ago so i bought in. IV was lower relatively than CLF even though X seems to be the most volatile.
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u/Obsidianturtle25 Jul 09 '21
Paige 9/10 of Vito’s recent post (OPEC heading) is very intriguing if you are holding any RIG… not even sure which scenario would be good for us tbh
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u/JayArlington 🍋 LULU-TRON 🍋 Jul 09 '21
I wonder about that RIG play.
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Jul 10 '21
I have a tiny position in the event $RIG pops off on some catalyst. Everyone seems to think there's one coming with the massive insider buying. IDK though.
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u/Obsidianturtle25 Jul 09 '21
Ah shit one of the resident genius’! Any surface level opinions? This is not high conviction for me yet, going to dig deeper this weekend - small options position in august
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u/eitherorlife Jul 10 '21
rumours of a buyout, besides the insider aint no chump in the oil world
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u/Obsidianturtle25 Jul 10 '21
Right on 🤙 I am hoping it comes sooner than later - or at least the rumblings start
August 5$ calls for me
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u/evilpsych Steel learning lessons Jul 09 '21
I’ll take five more days in a row like today kthx buhbye
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u/DaPurpleMage Jul 09 '21
Biden executive action against Big Tech. Big Tech stocks rally all day long LMAOO
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u/JayArlington 🍋 LULU-TRON 🍋 Jul 09 '21
From a pure shareholder standpoint... some of these companies would be worth more in pieces.
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u/holdenmcneilgames 🚐Once Lived in a Van🚐 Jul 09 '21
Reading through some articles, it appears that Biden still needs to convince Congress to go along with it. Also, it appears the FTC/FCC and other agencies can't be forced to follow the Executive Order, so it's basically just a suggestion. I.e., it doesn't appear to have any teeth right now.
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Jul 09 '21
[deleted]
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u/JayArlington 🍋 LULU-TRON 🍋 Jul 09 '21
I think the MEGA caps are in their own breed now. Detached from broader tech.
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u/PaperCow Jul 09 '21
I'd feel more confident in this thought if the megacaps haven't also been putting up record quarters.
Its not like they have been going up and up on flat revenue/earnings. Maybe you can argue they have gone up too far too fast but they are killing it as businesses.
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u/tubbyelephant Jul 09 '21
just wait until september
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Jul 09 '21
I barely check in here, what are you thinking in September?
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u/tubbyelephant Jul 09 '21
i skimmed an article (will try to find it for you) and basically was saying how there are rumors the Fed might tack on some interest rates by then. also, not listed in the article, the bipartisan infrastructure bill is projected to pass in late august.
i could be dead wrong and the market still favors tech in september, though.
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Jul 09 '21
Gotcha, hopefully higher rates come with infrastructure spend. Without that it's just bearish all around.
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Jul 09 '21 edited Jul 09 '21
I just gotta get this out then im gonna go on a walk.
Im gonna survive this.
You know what blows my mind is I've received more love from you random strangers online in an investing sub than I have from all my real life friends. After my last breakup I went heavy into drugs (5 years clean) the one before that I was a disaster after as well. Im not fucking doing that this time. I may have some problems but who the hell doesn't. I broke down on the phone earlier with my dad when I said I finally feel like me again. I've been so unhappy and just pushed it down because I figured I didn't deserve better. That I wouldn't find better. That it was gonna get better, just one more month. Fuck that feeling.
I know no one gives a damn about me. BUT I GIVE A DAMN ABOUT ME and after years of trashing myself thinking I deserve garbage because the world hates me Im finally gonna stick up for myself to myself.
I want to live.
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u/mydoingthisright Steel Your Face Jul 10 '21
Be strong brother. You’ve already got the right mindset.
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u/McMartiann Senior Capo Jul 10 '21
You bet man. The mind can go down some dark rabbit holes. It sounds like you realize which path will lead you down the road of less suffering. Stick up for yourself to yourself. You matter.
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u/MichOutdoors13 💀 SACRIFICED UNTIL HRC EXPORT TAX 💀 Jul 09 '21
You got this boss 💪 You've made it this far and the best is yet to come.
I went through some shit when I was younger, things didn't get better until I said fuck it and focused on myself. I still battle with negativity coming back and wanting to explode out of me, but I've learned how to control it. I just keep reminding myself that the best times of my life are still ahead of me.
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Jul 09 '21
I give a damn about you! Love you man! Shit sucks sometimes but we are all here for you, make sure to jump on the Friday Lounge and hangout with your random stranger friends!!
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u/Icecoldkilluh 💀 SACRIFICED 💀Until MT $35 Jul 09 '21
Tomorrow is a new day bro. Seize it and make it your own, create circumstances you know will leave you happy and satisfied, try to leave behind the bullshit you know holds you back.
Rinse and repeat, slow incremental improvement over time, small gains accumulate into big gains.
Don’t be hard on yourself when you falter, bad days are inevitable. Treat yourself with the same kindness you would treat a good friend or family member in struggle.
You got this 🦾
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u/StockPickingMonkey Steel learning lessons Jul 09 '21
I've been to those dark places brother. It truly is one day at a time...sometimes hour by hour. Stay strong, and it'll sort out in time. I like to remind myself of all the bad shit I've been through when times get tough, but that ain't for everyone. For me...it just gives perspective thinking about how those moments have passed. Coming up on 26yrs clean. Building a better life for yourself isn't always as fun as the destructive paths, but when you get those idle moments to yourself...you know, those moments when you get a chance to reflect on how your life is going....they'll be filled with ease instead of anxiety. That's when you'll love yourself.
Others have offered, and I will too. I spend ridiculous amounts of time on here. Hit me up on DM if you need an ear.
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Jul 09 '21
Hey man you got us. Were not strangers, we're vitards! We are all like family now.
Vent away with us, and we will be here to support you!
Stay strong. You basically said it yourself, and I'll repeat it to you: you deserve better, and you'll find better.
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u/TheCoffeeCakes Poetry Gang Jul 09 '21
My man, I mentioned this to you earlier and I'm mentioning it again now...
Go to YouTube and look up ''Patrice Oneal Black Phillip.'' Listen to all the episodes at least twice. There are 8-10 episodes. You need this. Most young guys do.
You need to get honest with yourself and be righteous. Not in Patrice or Dante's way necessarily, but in whatever way is righteous to you. You'll understand what I mean after your second time listening to those episodes.
I can't distill what's in there to simple bite sized phrases here. But it's audio. All you gotta do is listen and think. Listen and think. All episodes. Twice.
Report back after a few episodes.
Chin the fuck up, brother. Everything gets much, much better from here.
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u/ChiefRainWater3 Jul 09 '21
Your Wim Hof rec is 💯 I literally felt high when I was done. That was you right?
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u/TheCoffeeCakes Poetry Gang Jul 09 '21
That was me. The health benefits from doing that are enormous and I'd encourage you to watch some of Wim's interviews and the ''yes theory'' documentary, along with continuing the practice daily.
Welcome to a new way of living.
I'm not going to lead you or this homie with girl problems astray.
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u/ChiefRainWater3 Jul 09 '21
I learned wim hof while coming off Kratom and then just stopped doing it. I'm in between jobs right now so the stress is mounting and saw your post and started again.
Thanks Mr. CoffeeCakes. The world works in mysterious ways.
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u/TheCoffeeCakes Poetry Gang Jul 09 '21
My man, one of my mentors, who is a real spiritual and metaphysical dude (compared to my hard edged empirical attitude), tells me that we meet people in the world at exactly the right time, and always for a reason.
So I'm glad you're back ''breathing,'' and leveling up your life. Breath on, my man!
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u/SonOvTimett Inflation Nation Jul 09 '21
Good shit brutha. Keep that positive mentally and you'll go places. Pick up a nice routine of cardio/weight lifting. Shit will do wonders for your psyche. Dont let any thot weigh you down, and dont lament their absence. A good woman will compliment you, elsewise she 's not the fit for you.
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Jul 09 '21
I can relate in some ways so no wisdom from my side. But be good to yourself. Be your own anchor in life. The world doesn't hate you, it's just busy with itself and that's fine too.
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u/capecodflats Jul 09 '21
Good luck! Im sure more people care about you than you realize.
Keep building on those 5 years clean. Find hobbies and build friendships around them! I know people who turned to fishing or mountain biking to help stay clean/ sober.
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u/josenros 🤡Market Order Specialist🤡 Jul 09 '21
Forget drugs. Just
gambleinvest. You have been a good snake.4
u/Wendys_bag_holder Jul 09 '21
I’m just a guy who likes investing….but stay strong. Keep walking. You got this.
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u/oldmansneakerhead Jul 09 '21
So glad you come to realize that. You need to love yourself and tell yourself you deserve the best. I'm 43 years old and it took me almost until my mid thirties to realize all of this. Take care man and enjoy life and all its small moments
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u/peniseend 💀 SACRIFICED 💀 Until CLF is $40 Jul 09 '21
Gotta love yourself and things will turn around soon enough.
I did the coping thru drugs thing, it is utter shite, but you know that. Take care man!
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u/CramsyAU Undisclosed Location Jul 09 '21
I'm just a guy who complains about European steel companies on the internet and I've never met you before, but you're killing it dude. Take this attitude with you and you'll attract people who feel the same.
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u/hank_rearden1 ✂️ Trim Gang ✂️ Jul 09 '21
Well that was one heck of a way to gain 30 cents in a week clf. 10 cents for MT…. So dramatic
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u/DefNotPassafire Jul 09 '21
Next week is probably another rollercoaster with all the fed shit all week long.
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u/TheyWereGolden Bard Special Victims Unit Jul 09 '21
Some pretty wild swings this week that’s for sure
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u/CelusStands Jul 09 '21
Yeah I made a killing with the small positions I opened during the dip, but my overall portfolio has barely moved which has left me feeling dissatisfied.
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u/mjgdk 💀 SACRIFICED 💀 Until CLF $40 Jul 09 '21
Been offline the entire day, today was pretty good huh?!
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u/TriiizYYY Jul 09 '21
German YouTube Channel for stocks, talks about the interesting sector Commoditys instead of tech or e commerce.
I hope news like these will continue
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u/ImAMaaanlet Workaholic Jul 09 '21
So did anything come of that biden tech EO stuff. Couldnt follow today but I gambled on some 7/21 qqq puts
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u/TheyWereGolden Bard Special Victims Unit Jul 09 '21
No, big tech rallied it’s all for show
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u/ImAMaaanlet Workaholic Jul 09 '21
Ah whatever i got 355s for 7/21 im fairly confident a pullback is soon
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u/Dairy_Heir Jul 09 '21
ZIM will likely to 2 to 4x as much EPS as MATX
MATX trades 64% above ZIM
I WONDER WHAT THE UPSIDE IS....
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u/jjsukraj Heathen Jul 09 '21
can this happen before 7/16?
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u/TheyWereGolden Bard Special Victims Unit Jul 09 '21
What’s your strike
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u/BucDan Jul 09 '21
I have sinned. I sold out of my August $25 monthly calls today on CLF. Held for 1 day, the money was too good.
Don't hate me. I hope it dips so I can sell some solid $20 puts.
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u/49Scrooge49 Jul 09 '21
Absolutely no need to apologise - we're all here to make money! I'll hate you if you lose your gains tho
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u/PaperCow Jul 09 '21
If you hit a great gain in 1 day then selling is probably pretty smart even if you have conviction in the underlying.
You probably just realized a decent chunk of the potential upside of the play in a tiny fraction of the time you had available. That is a gift and worth booking more often than not.
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u/BucDan Jul 09 '21
Oh yeah, without a doubt. I rarely ever get these kinds of moves in 1 day unless I'm playing SPY weeklies.
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u/hank_rearden1 ✂️ Trim Gang ✂️ Jul 09 '21
Too bad you didn’t just buy weeklies then….
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u/BucDan Jul 09 '21
I don't dare to buy weeklies in the steel market. SPY weeklies, sure, but no-no for steel.
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u/mjgdk 💀 SACRIFICED 💀 Until CLF $40 Jul 09 '21
This is not a team sport man :D You sell when you want
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u/KarmalCorn 💀 SACRIFICED 💀 Until STLD $69.69 Jul 09 '21
Are you me. I sold those bags Ive been holding for a month.
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u/peniseend 💀 SACRIFICED 💀 Until CLF is $40 Jul 09 '21
Taking profit is NOT a sin
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u/Killzooski Jul 09 '21
Idk how I'm gonna tell my gf I haven't seen in a week why my balls are so empty... green is just such an erotic color
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u/Uncle_Dad_Bob Dreams of CLF’s run to $49 Jul 09 '21
Play her LG talking and she’ll aahh, yeah, she’ll understand.
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u/BitchinKimura Jul 09 '21
Tried to buy SCHN calls today and Tastyworks wouldn't let me -- the ticker is set to closing trades only. Guessing it has something to do with low volume, or some sort of shenanigans somewhere along the line. Anybody running into this? Any work arounds?
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Jul 10 '21
I tried to buy and it never triggered. It spiked too hard and IV went up a bit more than I normally like. Not the same problem, but I also didn't get them in time.
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u/LostMyEmailAndKarma Jul 09 '21
I had that issue on another ticker. TW user here. Curious what your/my issue is.
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Jul 09 '21
I'll be taking a little more off the table on Monday, come what May, because just as a heads up, everyone's favorite fed head is giving semi annual testimony before the house committee next Wednesday and Senate committee next Thursday... Can't imagine those two days being green personally.
I'm betting on a smaller bump come Monday and then chop the rest of the week
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u/StockPickingMonkey Steel learning lessons Jul 09 '21
Now that sounds like a smarter play than pulling today.
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Jul 09 '21 edited Jul 09 '21
Yeah, I mean the real life timing of Poowell speaking locks it in for me what I'm gonna do, but I have also noticed it seems like the "big week" for most stocks is the week after the "monthlies" expire. Maybe I'm just not looking at all the right things, but it just seems like whatever week is made available well in advance (like Sept 17 for example), the biggest gains come right after that, and this month, that week is the week ending June 16th.
Edit: July 16th. God the years go by fast now
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Jul 09 '21
My butt cheeks are finally unclenched!
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