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Why not use the front month options ITM or ATM. I looked at the leverage of a 2 year ATM call on SPY and today's leverage was just 4:1 on a 1% move the SPY (on the 412 Mar 2023 calls). If you were in the 412 May 2021 calls the leverage was 20:1 and it only cost ~ 9$. I personally just use the...

That is interesting. It makes sense from when I used to go business trips to our European offices (mainly in Frankfurt & Bern). I never heard anyone on my trips talk about starting new companies.

Question for you d08. How come Europe doesn't have more small tech start ups like UK, Scandanavia & North Asia? Is it a structural issue with high taxes & VAT? I'm curious.

It seems like the typical ARK names are really the hypergrowth "tech" stocks. I also own ARKG which is really the bleeding edge of biotech mainly CRSPR , gene editing, etc. Zillow is an interesting case since they have been somewhat successful in buying cheap real estate and reselling it so I...

Another terrible day for BTC. Looks like it was all just one trade -- ARK[GKW], SPACs, BTC, etc. GBTC just went below the 50-day SMA so could be even more pain. I sold most of my MARA, RIOT & CAN.

I take your point. It is true what you said. Definitely last March Bitcoin went down a lot more than Gold and Gold really came back before Bitcoin. Yesterday's action also is a negative for Bitcoin -- it really just follows the infinte P/E tech stocks so Bitcoin is not really ready for prime...

Just add XLF and that's what I have been in -- actually I use the 3X version of all those (ERX, TPOR & FAS). The YTD return of XLE, XLF & IYT equals about 21% vs. DIA which is up about 8%. The SPY is up 5% & the QQQ is up 2%. Even IWM was only up 17%. Interestingly the IWN was up 25% -- even...

Silver is the craziest. It has an initial margin of $40K which is ~30% of the contract. The Gold margin is a lot lower at only ~ 7%. I wonder what IB sees as a risk for Silver but not Gold?

Today was definitely a day of decoupling versus the high growth stocks. Ethereum especially went a lot higher. It was especially interesting since the 10yr rate went higher and the USD went higher as well. Looks good as a replacement for Gold.

That is true in an absolute sense but the BRR futures (CMECRYTPO) went from 53000 to 50200 during the sell off. That is roughly 2X of the NASDAQ drop (5.5% vs. 2.8%). My observation is that it highly correlated to the high growth stocks on the NASDAQ. I trade mainly the crypto miners and they...

Never thought I would encounter blackpill terminology on this forum.

It seems like it is. I get a quote from it.

Right, but it goes deeper than that. From 2011 (1155 chipset) to 2017 (1151 chipset) their CPUs were barely any faster. Why did they waste their time doing nothing to improve their CPU speed? The flagship CPU went up in speed 50% in 6 years -- which is a joke. The EPYC server chips by AMD...

Their product line up is the undisputed leader for retail & server chips so its just a matter of time before goes higher. Seems like the best time to buy AMD is after the earnings sell off which just happened. Intel chips are in perpetual decay since their management has been twiddling their...

I checked the Renaissance website and they charge ~ $1000/yr for their research & calendar. Seems reasonable but probably for people with a lot of capital to deploy in this strategy. I only do this part time so its not worth it for me. I found a good potential SPAC -- IACA. It will merge with a...

I can't figure out what each individual SPAC is going to buy. I think the best strategy is to wait until they announce what they're going to buy & then buy the SPAC. I think 3 weeks ago I bought my first SPAC -- IPOE after I read it was going to try & merge with SoFi. Its up about 25-30% since...

If you use TD Ameritrade their calendar is pretty good. I use it to trade the hot IPOs. Of course it is mainly clogged with SPACs now. I'm pretty sure the Renaissance people must have a calendar since their ETF (IPO) buys most of these IPOs after a few weeks. I think tomorrow Telus & ON24 go...

Its the reversion to the mean strategy famously employed by LTCM, but I guess Greenspan isn't around to bail these guys out like he did for Meriwether & his cronies at LTCM.

Since Jan 1, 2012 here are the gains from the 5 large 3X ETFs: TQQQ 4840% SPXL 1155% UPRO 1262% UDOW 781% TNA 294% I've owned all these in my Roth since 2012. I also owned some AAPL and it is only up 900%. I'm not sure why there is a discrepancy between SPXL & UPRO. The most amazing...

I pretty much own all the derivative plays on Bitcoin/Altcoins. Most leverage is via the miners since the leverage seems to be about 2:1 although it still depends on if the general market is calm or in a panic. Bitcoin --> MARA & RIOT Ethereum --> Hive Blockchain (HVBTF on the OTC BB) Seems...