See how fucked I am tomorrow, bought Nov and Jan calls. Both within the range of what this has traded at prior to today. Might hedge Puts depending on tomorrows open. Seems this was all a knee jerk sell off by the algo's.
/smg/ stock market general
Nicholas Young
Aaron Collins
what are you talking about? Merck?
200 shares of Barrick?!
That's a huge gamble on shiny rocks after a huge run.
Then again, I'm not much better for going after the "defensives" right now.
Thomas Taylor
Did you bros like your comfy SFM gains?
Wyatt Myers
I loved it.
Is there any more to come.
Isaac Flores
560%. Should've bought more.
Anyway I'm getting a sense based on the last bread ACB will be fucked when (if?) it releases earnings. 9/13 puts cutting it too close?
Kevin Martin
>muh cramer
>muh cot
Camden Reyes
Thought that was given...
Angel White
FUTURRRRRESSSSSS
I try not to fuck around with options. I think this rotation is silly, but it could continue. I wouldn't give up on Merck, Trump is already claiming victory on drug prices though nothing has happened. However, the debate is coming up...
Matthew Foster
If you write a put you have to have enough cash to buy the stocks at the strike - and this gets locked up until expiry. To buy a put you simply buy it and if you actually hold to the expiry RH unloads it at the end of the day it expires to someone who'll actually do the buying and selling of the underlying stocks and gives you the cash, unless you hold the shares and you direct them to simply sell the shares you have.
Easton Thompson
Why? What exactly is it that's going wrong with ACB? Some (intentional?) retard is going around saying that they're going to fall because of negative EPS. That's completely pants on head retarded, as almost none of dude weed lmao profits right now. If they hit the expected -0.04 everything should be fine, especially if they have any spicy news to drop.