Trade tip for my Politico Bros

Max E. said:
Wonder if they will pass another one when it fails tomorrow.
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i bet they will, feds are writing checks out of their asses. money should directly go to the people and not the corporations. united did a $3B stock buyback and now are begging for money. fuck them let them go down. there will be someone like jetblue after this crisis.
 
constitutionman said:
i bet they will, feds are writing checks out of their asses. money should directly go to the people and not the corporations. united did a $3B stock buyback and now are begging for money. fuck them let them go down. there will be someone like jetblue after this crisis.
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Let me just use up my Gold status privileges before they go under...
 
DISney showing some life early on....scaled in a few times and riding this back to $140 by end of year...

upload_2020-3-25_12-28-52.png
 
El OchoCinco said:
Was looking at some hedges or plays in case we have another small dip.

With IV so high I was not going long Puts at this moment but figured a slightly OTM SPY FLY was just the ticket:

View attachment 222338

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If market runs higher from here, I have plenty of longs to cover this cost and if we rumble around and chop then I can take something out of it. Strike selection was difficult but who knows....$10 wide FLY for $0.92...

Debating on 250/260/270 for slight bias but my purchases right now already have slight bias.
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Ok I made a mistake here as I was filled at $0.72. I double checked the fills and trade costs and it was $0.72, not sure why it showed $0.92 in the order screen I pasted .

So the above FLY was filled at $0.72.
 
So my approach is if you can load up on an amount of diversified stocks and solid companies,you can triple that money in 2 - 3 years. that is my goal :).
 
Crude Oil just hates $20 and keeps bouncing off of it really hard...

Is $20 the bottom that brings in support via production cuts and global parking of reserves. Shit if I had two oil tankers I would buy shit loads of barrels and park them which I guarantee a lot of tanker companies are going to start doing.
 
El OchoCinco said:
Crude Oil just hates $20 and keeps bouncing off of it really hard...

Is $20 the bottom that brings in support via production cuts and global parking of reserves. Shit if I had two oil tankers I would buy shit loads of barrels and park them which I guarantee a lot of tanker companies are going to start doing.
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Offshore storage rates have quintupled in the last 3 weeks. Tanker companies are raking it in. That's what we should have bought stock in.

https://www.spglobal.com/platts/en/...the-mantra-as-oil-storage-freight-rates-surge
 
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