Is the stock market going to tank?

[shera]

What’s your timeframe and risk? 5 years and 50%?

Classic suckers bounce in ARKK. If it doesn’t show immediate strength look out below.

Nice round numbers, easy to work with...

I bought 10 shares of ARKX and will continue to build a position. I read somewhere a prognosis of $15 (currently $20) so we'll see how it goes. I am most excited for a Starlink spinoff, of course Wood will jump on that in a big way.

Also ready to buy ARKK under $100.

[jackstraw]

S&P tops 4000. Still no tweet.

[BobMc]

Closed out my XOM CC at $3.15, made 23% in eight days. Not quite the $100 I wanted but plenty good.

Bailed out of it on grumblings of much higher earnings on jacked oil prices. I think I’ll chill on XOM CC’s for a bit, but those long term BBBY calls are looking enticing.

I’ve been tossing and turning on what to do with my $380 of dry powder, decided to put it into CMPS. We’ll see how that goes...

[4matic]

On March 26, individual investors purchased about $772 million of U.S. equities on a net basis, a 60% decline from the almost $2 billion reached in just one day on Jan. 29, at the height of the meme stock craze. The last two times that equity purchases by individual investors were lower were Christmas Eve and the Friday after Thanksgiving of 2020. Both days tend to see lower volume in the stock market.

[CovertM]

On March 26, individual investors purchased about $772 million of U.S. equities on a net basis, a 60% decline from the almost $2 billion reached in just one day on Jan. 29, at the height of the meme stock craze. The last two times that equity purchases by individual investors were lower were Christmas Eve and the Friday after Thanksgiving of 2020. Both days tend to see lower volume in the stock market.

All the apes are maxed to the tits and holding GME, no more capital to buy anything else . People have injected their stimmy and found long term buy/hold positions (GME)?

What’s the implication? Or are you just sharing factoids?


Sent from my iPhone using Tapatalk

[4matic]

The takeaway for me is that the short interest raids are probably over for now.

[LeeLau]

Added some BB post earnings at 8.50. Looking to unload CCL at 30 via covered calls.

Coinbase is quite the cash flow generator per its S1. Applied for IPO allocation but doubt I'd get any

[shera]

Added some BB post earnings at 8.50. Looking to unload CCL at 30 via covered calls.

Coinbase is quite the cash flow generator per its S1. Applied for IPO allocation but doubt I'd get any

That's my cash/fees.

[shera]

All the apes are maxed to the tits and holding GME, no more capital to buy anything else . People have injected their stimmy and found long term buy/hold positions (GME)?

What’s the implication? Or are you just sharing factoids?


Sent from my iPhone using Tapatalk

I just got my stimmy yesterday in the mailbox. I am in pure profits on my gme postition at this time. Buying ARKX slowly,.

One thing, it seems I have a margin account that I didn't ask for at schwab. I will convert to cash account. Maybe a lot of other people in the same spot with their shares being loaned out. I'll try to recall my shares for the general meeting and I suppose others will as well. That could bring some more drama...

[CovertM]

The takeaway for me is that the short interest raids are probably over for now.

Agreed, I think the Degen gamblers that had nothing to do during lockdown definitely migrated to the market when there were no sports or casinos open. All that is open again so possibly less speculative moves from newbies.

[CovertM]

Added some BB post earnings at 8.50. Looking to unload CCL at 30 via covered calls.

Coinbase is quite the cash flow generator per its S1. Applied for IPO allocation but doubt I'd get any

Have you looked at BBKCF? Being canuck and all

[LeeLau]

Have you looked at BBKCF? Being canuck and all

Pinks? Hard pass!

[CovertM]

Pinks? Hard pass!

haha, I had a large text this morning from a buddy espousing how amazing it was going to be and soar as soon as Coinbase IPOs. Looked at it for 2 minutes and said no thank you.

Closed RIOT $60 CC
Sold RKT $24 CC
Sold HYLN $12 CC
Been slow going recently. Waiting to sell puts on some of the usual characters.

[LeeLau]

haha, I had a large text this morning from a buddy espousing how amazing it was going to be and soar as soon as Coinbase IPOs. Looked at it for 2 minutes and said no thank you.

Closed RIOT $60 CC
Sold RKT $24 CC
Sold HYLN $12 CC
Been slow going recently. Waiting to sell puts on some of the usual characters.

Same. Sold RIOT 60C on its spike to 56s and taking profits down. Nice and safe is the theta way. Sold some GME 230C which are working nicely. No real high alpha candidates to trade. That's the way the more normal typical markets work. To 4Matic's point (which btw is an excellent datapoint) the added volume was IMO in large part retail, The retail buying (or less common- selling) leads to overbought/oversold situations which are tradeable short term. Because the new retail "investors" use calls and puts as lottery tickets they are/were also hedgeable by option writers/sellers.

That's been a year of this which has been utterly entertaining. If we drift back to normal my yolo plays will be perhaps once a week or a month. That's fine too as you can see the "normal" theta plays pay out in boring but also profitable fashion

[schuss]

I just got my stimmy yesterday in the mailbox. I am in pure profits on my gme postition at this time. Buying ARKX slowly,.

One thing, it seems I have a margin account that I didn't ask for at schwab. I will convert to cash account. Maybe a lot of other people in the same spot with their shares being loaned out. I'll try to recall my shares for the general meeting and I suppose others will as well. That could bring some more drama...

Anyone else find it odd that ARKX has netflix in it? Not to mention another ark etf?

[CovertM]

Anyone else find it odd that ARKX has netflix in it? Not to mention another ark etf?

A lot of the holdings in ARKX made me scratch my head...Deer&Company (DE), I guess we may need tractors on the moon/mars eventually.

[CovertM]

Same. Sold RIOT 60C on its spike to 56s and taking profits down. Nice and safe is the theta way. Sold some GME 230C which are working nicely. No real high alpha candidates to trade. That's the way the more normal typical markets work. To 4Matic's point (which btw is an excellent datapoint) the added volume was IMO in large part retail, The retail buying (or less common- selling) leads to overbought/oversold situations which are tradeable short term. Because the new retail "investors" use calls and puts as lottery tickets they are/were also hedgeable by option writers/sellers.

That's been a year of this which has been utterly entertaining. If we drift back to normal my yolo plays will be perhaps once a week or a month. That's fine too as you can see the "normal" theta plays pay out in boring but also profitable fashion

Is normal theta plays to you roughly wheel type strategies, but on more reliable consistent underlyings?

I have a small list (F, T, XOM, MSFT, AAPLE) started of "boring" underlyings to switch too as meme premiums slow down.

[LeeLau]

Is normal theta plays to you roughly wheel type strategies, but on more reliable consistent underlyings?

I have a small list (F, T, XOM, MSFT, AAPLE) started of "boring" underlyings to switch too as meme premiums slow down.

It's wheel but wheel usually references CSPs, CCs and dividends to get 3 legs of income. For Canadians, to maximize efficiency we do that in tax-exempt or tax-deferred accounts which is what I try to do until I run out of contribution room. If a non-taxable account I don't care if I get assigned on CCs as there's no capital gains tax consequence so then I replace the shares lost via assignment via CSPs. Using MSFT as a classic example, I bought when it generated 3% dividends at approx ACB of $ 30. Calls and puts add between 8 - 10% per annum on top of the dividend. That's my benchmark for boring/safe. MSFT's free cash flow and quasi-oligopolistic status (therefore predictable cash flow) is my reason for making it a core holding

The same applies to XOM, T, RY, IRM eg as boring boomer-style dividend yielding core holdings. You can pick your own from screeners depending on personal criteria

[shera]

Anyone else find it odd that ARKX has netflix in it? Not to mention another ark etf?

Yeah, someone (named Cathie) is thinking outside the box. My guess is that it's related to starlink and internet access?

A lot of the holdings in ARKX made me scratch my head...Deer&Company (DE), I guess we may need tractors on the moon/mars eventually.

It is fascinating, but I'm paying a fat percentage for someone smarter than me to do the research and figure it out. I guess robotic ai driven agriculture machinery, also Komatsu btw, will have applications in space?

I just got my prospectus in the mail from schwab, maybe some more info in there.

[shera]

Cathie talks about 14 technologies that blend across 5 platforms (or do I have that backward?) and I wonder how she parses all that out across her various ETFs. Is there some justification, maybe internal research organization with her staff or something, that results in those many ETFs?

I really don't know too much, but now I have positions in ARKK and ARKX and will certainly get more into the nuances. I have done enough DD to be confident in my choice to get involved, but something I learned in crypto - every time you take a position, it takes up space in your brain. The new asset has to be managed in the portfolio and tracked and understood. It makes me a little stingy because I only have a certain amount of time in the day.

My first reason for being in ARKK is TSLA of course. But I started going down the rabbit hole of crispr and other medical technology opportunities and quickly realized there was no way I would be able to make the best choices for investment opportunities in that sector. Software is my wheelhouse. But ARK has a GREAT research staff that can do the medical DD for me, so that's what sealed the deal.

I am long term hodl on ARKK and ARKX. I made a big mistake selling my tsla too early for 30% gain rather than 10x, although I also bought for my grandson who is sitting pretty now in his diapers. Anyhoo, looking forward to your comments!

[CovertM]

It's wheel but wheel usually references CSPs, CCs and dividends to get 3 legs of income. For Canadians, to maximize efficiency we do that in tax-exempt or tax-deferred accounts which is what I try to do until I run out of contribution room. If a non-taxable account I don't care if I get assigned on CCs as there's no capital gains tax consequence so then I replace the shares lost via assignment via CSPs. Using MSFT as a classic example, I bought when it generated 3% dividends at approx ACB of $ 30. Calls and puts add between 8 - 10% per annum on top of the dividend. That's my benchmark for boring/safe. MSFT's free cash flow and quasi-oligopolistic status (therefore predictable cash flow) is my reason for making it a core holding

The same applies to XOM, T, RY, IRM eg as boring boomer-style dividend yielding core holdings. You can pick your own from screeners depending on personal criteria

Thanks, I'm still doing all of my Theta work in my Tax Free (Roth) accounts so no taxable events. Trying to figure out if it's worth it to add reliable (mentioned above) theta plays on top of the Yolo, or just keep Yolo fund percentage the same and when it grows put in buy/hold positions. I can see Yolo plays drying up for periods of time so having something steady to sell options on could add profit when things are slow.

Interesting how MARA has closed the gap and is trading right along side RIOT after lagging for quite some time. I had been selling MARA CC in the $50-$55 range because they were (safe), my $55CC for end of the month is in trouble. I also sold it a day too early in this last run up and missed out on way better pricing.

[LeeLau]

Thanks, I'm still doing all of my Theta work in my Tax Free (Roth) accounts so no taxable events. Trying to figure out if it's worth it to add reliable (mentioned above) theta plays on top of the Yolo, or just keep Yolo fund percentage the same and when it grows put in buy/hold positions. I can see Yolo plays drying up for periods of time so having something steady to sell options on could add profit when things are slow.

Interesting how MARA has closed the gap and is trading right along side RIOT after lagging for quite some time. I had been selling MARA CC in the $50-$55 range because they were (safe), my $55CC for end of the month is in trouble. I also sold it a day too early in this last run up and missed out on way better pricing.

Both MARA and RIOT earnings followed my theses that miners are a leveraged bet on BTC. Costs are somewhat fixed so as BTC rises margins and actual fcf improves.

MARA has more BTC in inventory and better power buys locked in long term.

RIOT has more miners, has bought more miners.

I'll stick with RIOT and scale out in the 100s

[BobMc]

Put in orders to sell covered calls on CCL and GE, limit priced them a bit high but that’s the way I plan on doing it from here out. I’m ok with holding most everything I own. I’m still dithering between buying price and volatility, the difference between making a little or making nothing.

Tomorrow is my one year anniversary to putting cash into the market.

[LeeLau]

Put in orders to sell covered calls on CCL and GE, limit priced them a bit high but that’s the way I plan on doing it from here out. I’m ok with holding most everything I own. I’m still dithering between buying price and volatility, the difference between making a little or making nothing.

Tomorrow is my one year anniversary to putting cash into the market.

Not to jinx you but satisfactory returns?

[AEV]

Wanna hear a funny joke. Period instead of question mark just because. I tried typing this the other day, but it hurt too much

I bought Tesla stock early last April and sold it for a cool $800 day/swing trade.....



..Instead if holding.