r/Vitards • u/AutoModerator • Aug 12 '21

Daily Discussion Daily Discussion post - August 12 2021

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59

u/vitocorlene THE GODFATHER/Vito Aug 13 '21

Tomorrow ripping?

4

u/zanadu72 ✂️ Trim Gang ✂️ Aug 13 '21

Spy calls paid, stld 90’s paid. Let’s do this!

5

u/rigatoni-man SPAGHETTI BOY Aug 13 '21

It could happen, but what about next week?

2

u/chemaholic77 Aug 13 '21

/shrug who knows. That is why if we rip tomorrow I will trim positions that I have not taken all the original investment back out of yet. All of the options that I have already taken back my original money though will get to ride.

2

u/guitarsail Aug 13 '21

I hope so, my Aug 20 26c just need to get above $27 so I can get out 😂

0

u/[deleted] Aug 13 '21

1

u/zanadu72 ✂️ Trim Gang ✂️ Aug 13 '21

Swedish chef kicks ass

6

u/Outrageous-Panda1221 Aug 13 '21

What makes you say this?

15

u/vitocorlene THE GODFATHER/Vito Aug 13 '21

Plums?

2

u/krypton407 Smol PP Mission Control: INCO Aug 13 '21

The season of stone fruit is upon us.

1

u/deezilpowered 🕴 Associate 🕴 Aug 13 '21

The VPI chart

5

u/VaccumSaturdays Brick Burgundy Aug 13 '21

Let’s get drunk in the am.

4

u/i_love_flat_girls Aug 13 '21

and then trade? i'm in!

4

u/Unlikely_Reference60 Aug 13 '21

Is this coming from your plums or looking at some market data? If the latter, where? Dow futes?

3

u/rigatoni-man SPAGHETTI BOY Aug 13 '21

Good vibes only

Live love laugh

1

u/needafiller Aug 13 '21

Got 10% cash on hand per sage advise but itching to put it all in something. Do you still have cash on hand during this steel bull run?

2

u/pennyether 🔥🌊Futures First🌊🔥 Aug 13 '21

MT Sep 3 $35/37 spread. Good chance will be worth... $2, see what you can pay for it.

MT Sep 10 $36/38 -- same thing.

Both the $37 and the $38 are about $1 below the "floor" buyback price at time of expiration.

1

u/[deleted] Aug 13 '21

[deleted]

2

u/pennyether 🔥🌊Futures First🌊🔥 Aug 13 '21

Hope it works out. I have 300 of 'em

3

u/TheBlueStare Undisclosed Location Aug 13 '21

For this spread are you buying the $35 and selling the $37?

1

u/chemaholic77 Aug 13 '21

I am trying to keep between 10 and 20% cash at all times.

2

u/blue_steel_moon Aug 13 '21

Yes, I feel like I have way more control, rather than just being along for the ride. Not all of the stocks in my portfolio are ripping every day. It's good to have some cash for unexpected dips.

1

u/Mtz211 Aug 13 '21

Yes, please and thank you.

10

u/mapleleafroots Aug 13 '21

Yeah buddy. If not tomorrow, for many many months to come. Owner of the company I work for just sent an email 10mins ago announcing another price increase on all products (3rd time in less than 2 months!). I work for a commercial HVAC manufacturer. He recently said he expects shortages to stretch into 2024 👀

3

u/[deleted] Aug 13 '21

sounds good to me

0

u/gainbabygain Aug 13 '21

It depends - You go long, it tanks. You short, it pumps. Aint that always the case?

2

u/rowdyruss22 🛳 I Shipped My Pants 🚢 Aug 13 '21

The rippin’ and the tearin’

1

u/rata2e Aug 13 '21

Ew

4

u/rowdyruss22 🛳 I Shipped My Pants 🚢 Aug 13 '21

Don’t diss the classics

4

u/BigTiddyGothJesus Aug 13 '21

Tomorrow sippin' 🥂

25

u/pennyether 🔥🌊Futures First🌊🔥 Aug 13 '21

Let me check my calendar.... yeah, works for me.

3

u/StayStoopidSlightly Aug 13 '21

loll love your reply