I think that’s where my head is at as well


Sent from my iPhone using Tapatalk

Sweet candy, let's make some monies.

covered s&p short at 3081 from 3133 close to the cash open this am.

Bought my second option order ever, $310 spy expiring today at 3037. $260-$1700 in 1.5 hours. Selling at 9:25 at 3080. Can see why this is addictive and straight gambling with options

Do you have a short position? Or are you waiting for something


Sent from my iPhone using Tapatalk

Nothing like buying the dip heading into a weekend of bad corona virus news!!!


Sent from my iPhone using Tapatalk

Followed by some Monday morning fake vaccine news and the market jumping up 5% in response.

Robinhood trader commits suicide bc he thought he was down three quarters of a million

market top any day now

That's why puts are better as a noob. If you're wrong you dont get rekt lol.

that guy and robin hood/webull etc. traders are the best thing happened to stock market. Now we only need to get rid of PDT.

edit: i guess he did have puts?

Couple questions. Buying my first spy puts today, I had bought the 310 June 19th for .29 and sold at 2.16, right now the price is showing as 3.91. Is that what I would of made had I held to end of the day? I also tried to buy a 309 put with 25 minutes left to trade for .26 and it was rejected, price is showing as 2.90 at the moment.

Is it normal for TD to reject trades like this with only a few minutes left in the day? Or should I be complaining?

TD Canada by the way

Forbes says it may have been a bull put spread. Also possible the kid was down a lot less than he thought but the RH interface and settlement flow temporarily displayed -750k. I've never used RH but my already low opinion of them is now even lower. They should be at pains to protect their users from themselves.

i've been dabbling on robinhood and while i've never asked for it, i've been prevented from doing stupid stuff fairly regularly

these kids didn't accidentally walk into margin, they went to a very non-straigtforward and specific process to get it

The article explains a scenario where you could end up with a crazy negative balance without being on margin. This kid apparently had it set so that he could not trade on margin if I remember correctly

Nobody knows exactly what happened. I'm guessing it's a legal matter now and Robinhood has not shared any information and I'm also guessing they're investigating wtf actually happened themselves. Article thinks maybe he did a bull put spread and in certain situations the software will end up showing an absurd negative number that isn't actually reflective of reality. A sort of software glitch if you will...But that's just one theory

Just to be clear this is in reference to shorting options not being long options.

fair enough, i remember until recently if you sold box spread it broke robinhood's algo and you could then use the fees as collateral to get more margin and sell more and just let it snowball

apparently robinhood had no idea that was possible until it happened so wouldn't put it past them this kid somehow walked into a similar situation

So, apparently Trump has plans to go after the social media companies (eg. Google, Facebook) due to their censorship of him. I don't necessarily want to get into the politics here, but I do wonder if there enough meat on this bone that this could be a reason to short these companies?

Not their censorship just of him but a very broad pattern of censorship and libel toward conservatives. It's a legitimate legal case. They can't claim to be a mere carrier to be immune from lawsuits, then editorialize, especially in such a comically biased way.

It's no coincidence that zerohedge was unbanned from Twitter (an absurd banning) after months, mere days after Trump wrote his executive order.

Will it amount to anything? There are some doozy lawsuits there for what Twitter has done. It might hurt Twitter but FB has been more neutral and have a lot more revenue/profit, so it would hurt them less. Google it's hard to see anything stick, and the election is close enough (and Senate and House split) that nothing major should stick to either of those before then.

They are the most egregious offender though, demonitizing on YouTube, pulling Google ads on sites, etc. They also have the ability to essentially erase anyone they deem worthy. If the gubmint wants to go after big tech, Google should be the priority.

For sure, but the thing with Google is, their size makes them hard to hurt.

Compare:

Google: $160 billion revenue, $35 billion profit.
FB: $75 billion revenue, $20 billion profit.
Twitter: $3.4 billion, $70 million profit

You can see why Twitter is deep in the **** if they get opened up to lawsuits, while Google won't even register a blip even if they lose a $1 billion lawsuit.

The two risks for Google and FB are antitrust and profit taxing in the country where the revenue is generated. US antitrust seems a long shot right now even though Youtube is clearly a practical monopoly. Profit taxing is a bigger threat.

Is antitrust really an issue for Google? It was a net positive for owners of Standard Oil and AT&T.

Futures up bigly despite Trump rally disaster. Biden now -160 to win the election. Markets want Orange Man out??

A half percent is up bigly?